#TwoMonthsOfBear

2021年5月5日Length upcoming bear season will be almost equal to the “gbtc at a discount” timeframe: two months and counting.

Lowest Bitcoin price during this bear season can be calculated with this formula:

(pi x (hdgd))% of ATH (dip percentage)
hdgh = highest daily grayscale discount

Lowest price calculation at the moment ≈$26400.

I think that we will see a ≈22% Grayscale Bitcoin Trust discount in the coming days.

That would mean that the lowest Bitcoin price during the mid June 2021 bottom will be somewhere around ≈$20200.

ycharts.com/companies/GBTC/discount_or_premium_to_nav

We will see Bitcoin do a hard V-reversal after the bottom in mid June 2021.

2021年5月6日

トレード稼働中

Opened a big short. Tomorrow I expect the first aggressive dip (52k).

2021年5月14日

コメント

Grayscale discount is getting closer to that 22% number.

2021年5月16日

コメント

I'm expecting an accelerated breakdown towards 42k coming Monday.

2021年5月17日

コメント

Bitcoin working on a bearish crossover (1D, MA50/MA100).

2021年5月18日

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Bitcoin completed the bearish crossover (1D, MA50/MA100).

2021年5月19日

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Bitcoin working on a death cross (1D, MA50/MA200).

2021年5月19日

トレード終了: 利益確定目標に到達

Hey friends!

I closed my short today and will follow up my views and comments in the related idea:

Hope you check that one out!

/salute Shiningforce