Articles Related to GBTC

Nightly Crypto Report: Accelerating

Bitcoin has solidly moved into my previous red count which is now black. And, the new red count is a more bullish alternative.
by Ryan Wilday - 2 years ago

Nightly Crypto Report: Slipping

Ether slipped and broke its immediate setup to go higher but may find support just below, while Bitcoin is hanging on for now.
by Ryan Wilday - 2 years ago

Nightly Crypto Report: Boring Is Good

Today was quiet but after such a strong move up, that is much better than rejection and support failing.
by Ryan Wilday - 2 years ago

Nightly Crypto Report: Winding Up

Bitcoin and Ether are pulling back within their bearish counts. As long as this rally is corrective it is viewed as a windup for the next drop.
by Ryan Wilday - 2 years ago

Nightly Crypto Report: Shaky Legs

After all the encouraging action on Friday and through the weekend, Bitcoin and Ether showed today how easily they can lose footing.
by Ryan Wilday - 2 years ago

Nightly Crypto Report: Finally Giving Up?

Ether saw more downward follow-through. I'm now watching to see if Bitcoin can give up on its short-term bullish perspective with one more wave down.
by Ryan Wilday - 2 years ago

Nightly Crypto Report: Off and On

Bitcoin got off track a bit by invalidating its 2nd wave-(v), but it is now back on track with reset top in wave-(iv).
by Ryan Wilday - 2 years ago

Nightly Crypto Report, August 29th, 2023

Fakeout or Breakout?Long-term Traders:Intermediate charts and write-ups are included on Sunday's reports. Housekeeping:NAMicro:GeneralAfter news that Grayscale won its lawsuit against the SEC crypto in general blasted off, taking Bitcoin and Ether through resistance. But we don't have five waves yet. So, is this a news-driven trap, or the catalyst for a third wave? It depends on what is next. There is something about the structure I need to warn about.  Ideally, we are starting a big move higher. However, if recent lows are taken out the structure has changed and the targets I was looking for ($24,200 BTC and $1470 ETH) are not likely to hold.
by Ryan Wilday - 2 years ago

Nightly Crypto Report: Return of Weakness

Overnight Bitcoin and Ether failed to keep to an impulsive structure giving further confirmation that another low is likely.
by Ryan Wilday - 2 years ago

Nightly Crypto Report: Beginning of the Correction's End?

Bitcoin and Ether fell through the floors formed over the last few days -- hopefully, the start of completion to this never-ending correction.
by Ryan Wilday - 2 years ago

Nightly Crypto Report: Friday Flat Tire

I do see a decent chance that we can see a third wave of C in Bitcoin and Ether this weekend.
by Ryan Wilday - 2 years ago

Nightly Crypto Report: Slowly Then Suddenly

Overnight the Bitcoin and Ether charts gave us the third of the C wave, suddenly putting them closer to the bottom.
by Ryan Wilday - 2 years ago

Nightly Crypto Report: A Ripe Fourth Wave

Bitcoin and Ether may have given us ANOTHER B wave top in evolving fourth wave that is now quite ripe.
by Ryan Wilday - 2 years ago

Nightly Crypto Report: Brighter Days Ahead?

I see the potential that Bitcoin has bottomed, so my focus in this report is navigating that potential.
by Ryan Wilday - 2 years ago

Nightly Crypto Report: Trying Again

Crypto is reaching for its lower targets AGAIN. Pardon my doubts but I have to wonder if they will follow through.
by Ryan Wilday - 2 years ago

Nightly Crypto Report: CPI Pop N' Drop

CPI helped gave us an intraday rally, then drop, helping speed up progress in this ongoing correction.
by Ryan Wilday - 2 years ago

Weekly Crypto Report: Starting to Bounce

Starting to BounceNote I am releasing this tonight instead of Sunday because I will not likely be able to while traveling.Long-term Traders:Intermediate charts and write-ups are included. I reordered the colors of my count in Bitcoin count, attempting to simplify it. The black count reflects the recent A wave top. I used the blue color to show that red B can be coincident with a larger A wave in blue. Housekeeping:NAMicro:GeneralBitcoin and Ether are starting to bounce this weekend but so far are corrective and under resistance so I assume they will both continue lower into the week. BitcoinBitcoin has started to bounce in wave 4 of circle-A and should then drop to $25,500-26,000.
by Ryan Wilday - 2 years ago

Nightly Crypto Report: Peeking Over the Pivot

Bitcoin peeked over its pivot and since it is consolidating tightly over it, I assume we'll see it gain more clearance from the pivot in the week ahead.
by Ryan Wilday - 2 years ago

Nightly Crypto Report: Trying To Flush

Bitcoin and Ether are finally dropping out of their days-old ranges.
by Ryan Wilday - 2 years ago

Nightly Crypto Report: Arrival

Bitcoin, Ether, and GBTC are within range of their ideal targets. While I see them likely to squiggle higher, and GBTC particularly should, I have de-risked my short-term portfolios today.
by Ryan Wilday - 2 years ago

Weekly Crypto Report: Possible Extension?

We do not yet have any evidence that Bitcoin and Ether topped in their respective b waves, and this may indicate more extension in the third.
by Ryan Wilday - 2 years ago

Nightly Crypto Report: Poised To Drop

I do not see a bullish case unless Bitcoin breaks over $17,900.
by Ryan Wilday - 2 years ago

Nightly Crypto Report: Bears Back Against the Ropes

The late-day pop in the big coins pushed through resistance. As tortured as the upside counts are, bears failed to see follow through.
by Ryan Wilday - 3 years ago

Weekly Crypto Report: Bullish Week Expected

Bitcoin and Ethereum have likely moved into the heart of their third waves off of the mid-October low so should push higher all week.
by Ryan Wilday - 3 years ago

Nightly Crypto Report: Flailing and Failing

The daily chart trend in Bitcoin is considered down below $24,600 and in Ethereum is considered down below $1440.
by Ryan Wilday - 3 years ago

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