$QBTC gap up today at NA open?$QBTC looks ready for another Monday gap up at the North American markets open. Tp3: 68.46
About BITCOIN FD
ISIN
CA09175G1046
The Bitcoin Fund operates as a closed-end investment fund. It invests in long-term holdings of bitcoin to provide investors with a convenient alternative to a direct investment in bitcoin. The company was founded in 2018 and is headquartered in Toronto, Canada.
QBTC, TIME TO BUY?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 o
BTC went up 21% more vs QBTC & BTCG since April 2020QBTC 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,
Are we setting up for a Wave 4 Triangle consolidation in QBTC?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.
QBTC Risk reward made sense againThe 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 Bi
QBTC - Bitcoin / Price on the roof of the rising channelHi 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
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