Bitcoin Investment Trust (GBTC): A Bullish Engulfing !!!

in bitcoin •  7 years ago  (edited)

SUMMARY

The day is not yet over but thus far, the green candle for Bitcoin Investment Trust (GBTC) is fully overencompassing the prior red price bar! This is quite exciting because this kind of engulfing price bars signal a trend turning point. IF this green price bar remains at current level and closes it even a bit higher, the future outcomes then will have a very bullish expectations.

Here is a didactic article that explains the Japanese Candlestick Bullish Engulfing :

http://www.investinganswers.com/financial-dictionary/technical-analysis/bullish-engulfing-pattern-2021

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@haejin do you check number of shorts, yesterday reached all-time high on bitfinex. It seems like we are due for a short squeeze soon.

When the boat keels to one side with all shorts on one side....it's bullish!

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this is quite encouraging!

About time we get some good bitcoin/GBTC/crypto news. lol

Are you that fucking lazy you can't do a google search for it???

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hai .. a very good post. i like your post

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Hola como estas? gracias por la informacion amigo @haejin, un abrazo en la distancia

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Excelent post!

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Nice post

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we are finally seeing a trend change in Bitshares!

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  ·  7 years ago (edited)

I don't get it. This is obviously nonsense .... Are you satirising the anti-Haejin crowd? Or is this a weird tactic? Because honestly guys if it's the latter I really don't understand how you think this will help. Like how will this actually get people to not upvote Haejin? Especially as I thought the whole point was with self upvoting so even if everyone did stop voting his posts up it seems to me that you'll still achieve nothing.

On the other hand people who are just observing and don't know the details of this fight are far more likely to see you as the hysterical unreasonable bullies. You didn't even ask anyone to flag him! Not that it would do much damage anyway as they'd only be able to flag proportional to what they could upvote him with which apparently is mostly insignificant.

If the aim is to just troll Haejin and piss him off I can understand that, but I assume the point is to try and drive him off the site and I can quite easily see that having the opposite effect and inducing him to double down and do it even more...

I'm not saying I'm supporting @Haejin and the way he uses this site. I'm not quite sure I understand the reward system well enough to get a good enough idea on how much he is or isn't "abusing" the system. I just want to know how you think this is actually going to help your position.

Wouldn't it be more productive to post a stock post with all the details so that people who have no idea what is going on and also don't understand Steemit actually understand what the fight is about, why it's important, and why you want them to flag him?

  ·  7 years ago (edited)

This is quite exciting because this kind of engulfing price bars signal a trend turning point.

Would this not also imply we're about to see a reversal in Bitcoin as well?

After all GBTC's chart looks extremely similar to Bitcoin and unless I misunderstand GBTC I would assume positive or negative sentiment toward Bitcoin would be found intrinsically tied to the sentiment toward GBTC. No?

This post has received a 85.42 % upvote from @boomerang.

thank you for a kind information....thank you so much...keep it up carry on your activity best of luck try something new....

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