Quote from: exstasie on October 16, 2019, 10:34:01 PM

Quote from: xxxx123abcxxxx on October 16, 2019, 08:03:05 PM

GBTC has already broken the equivalent 7600 zone; and hence, BTC is on track to decline further.

Interesting, I hadn't been tracking GBTC at all. This means the GBTC premium is declining. I wonder if that could suggest institutional fatigue or if it's just because other (cheaper?) institutional products (from Bakkt, VanEck) are hitting the market.

Quote from: xxxx123abcxxxx on October 16, 2019, 08:03:05 PM

Upcoming BITSTAMP support zones...

Code:

@7230: 61.8% Fibonacci retracement from 15-DEC-2018 to 26-JUN-2019 (avg expected zone)
@5425: 78.6% Fibonacci retracement from 15-DEC-2018 to 26-JUN-2019 (max expected zone)
@4350: 88.6% Fibonacci retracement from 15-DEC-2018 to 26-JUN-2019 (WARNING: Bull Market Terminated?)

Is your preference for $5,400 at this point? The 0.618 seems fairly shallow from here given how drawn out this decline is.

No preference at the moment, either possibility of a decline to 61.8% or 78.6% are equally viable at this point; however, GTBC is already at the 61.8% retracement level.

It may be the case GBTC declines to the 61.8% and 78.6% retracement levels first, and awaits there over a weekend, whilst BTC synchronises...?