$QBTC looks ready for another Monday gap up at the North American markets open. Tp3: 68.46
Hello fellow traders and investors, here's another trade idea. QBTC has recently sold off to the bottom of the channel. If it makes a recovery to the top of the channel it offers a 40% ROI. Technicals: The Macd indicates that it's in a downtrend but not oversold The bearish volume is seeing signs of exhaustion which could lead to a reversal The RSI is...
QBTC went up 658% and BTC went up 800% during the same time. Short term QBTC did 210% vs BTC 270%. It's more profitable to own BTC vs BTC funds. But if you can put QBTC and BTCG into your 401k or RRSP & TFSA, you would not pay any taxes so maybe more interesting actually. For a BTC ETF in Canada, go with BTCC and EBIT (cheaper cost). Those should follow the...
Watch for upper trendline and potential support retracement lvls and the possible development of bottom trendline to form an ABCDE triangle consolidation ahead of Wave 5.
The downside target in QBTC should be around the 21 weekly EMA. The same as a bottom on BTC chart during a bull market is 21weekly EMA. I believe BTC is going sideways between 30k and 40k as is normal in Altcoin cycles. As such this 2.5 Risk Reward makes sense with limited downside risk. If Bitcoin should retest 40K BTC I'm out. As EMA should keep moving up...
Hi everyone, Canadian should be proud to get the first Bitcoin ETF. I would like to share my analysis with you. There is 4 gap up to watch (possible retracements) : Maybe you know but Gap up are not always covered. bottom of gap 1 : 25.45 bottom of gap 2 : 22.99 bottom of gap 3 : 15.82 bottom of gap 4 : 11.61 Negative Points found / short term -Price is now...
QBTU.U is currently trailling in performance behind BTCUSD. PPS could climb up to lne up again. Same thing happened in May 2020. With BTCUSD in an ascending triangle, QBTC.U is likely to join the uptrend. Watching