#BITCOIN Above USD5200 - #ETHUSD 306 Follows:

If you can't beat them, might as well join them! Rumors on China.

This phrase has been what rumors are saying. But it's just rumors until such news can be confirmed. Yet, it only proves that the demand for #BITCOIN #trading would be here to stay as market cap on bitcoin grows with #ETHEREUM coming in on 2nd. Likewise, Bitcoin prices carries a higher degree of premium over the rest of the pack as it maintains is biggest market cap especially at these current prices. And the technical angle where it is now defined with a valid channel as prices continue its upward trajectory.

Eventually, ProShares filing of Bitcoin ETFs will surely add to the legitimacy of the cryptocurrency. And people such as Jaime Dimon would have to contend that the digital currency is here to stay no matter what his views are on the matter. 

Price Update as a result of Market & Price Call

The valid VOLUME and PRICE REVERSAL on the ETHUSD have shown a steady and gradual trend. Part of which is a 'Mid-Price Consolidation well within a symmetrical triangle. Price 'Correlation' with VOLUMES has created an interesting 'DIVERGENCE' where the prices would take a cue from current BITCOIN prices. Obviously, ETHUSD have been lagging behind BTCUSD including the GBTC Investment Trust that tracks Bitcoin prices. 

On Yahoo Finance: #Bitcoin Hits Fresh Record Highs on Rumors of Chinese Ban Reversal 

Start of the Year for BITCOIN & GBTC Investment Trust

Price Update: GBTC @136.00; BTCUSD @1089.90 As of January 3, 2017

The opening levels for both instruments have gained on the first trading week of the New Year, as we have anticipated. Contrary to the pause we've seen so far with the USD. Position adjustments are currently being made which may spill over positive sentiments into the week before we see any serious session low. This has been an excellent Hedging Strategy against Asian Currency lose of Value and a Overall Divergent Stock Trend.

BTCUSD As of Jan 03.2017

GBTC Investment Trust As of Jan 03.2017