$QBTC gap up today at NA open?$QBTC looks ready for another Monday gap up at the North American markets open. Tp3: 68.46
QBTC trade ideas
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 of exhaustion which could lead to a reversal
The RSI is oversold
When To Buy:
Now
When To Sell:
At the top of the channel
Fundamentals: QBTC is a bitcoin fund.
Rating: 90/100 volume looks amazing and so do the technicals.
I hope you enjoyed this quick analysis and many more to come.
If you enjoyed leave a like, follow, comment your thoughts and share this trade idea.
Thanks.
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, go with BTCC and EBIT (cheaper cost). Those should follow the exact BTC prices fluctuations. And you can buy into your RRSP & TFSA. Best solution!
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 Bitcoin should retest 40K BTC I'm out. As EMA should keep moving up this position can have a weekly narrowing stop-loss increasing risk-reward.
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 gap 4 : 11.61
Negative Points found / short term
-Price is now under the 1D VWAP (dangerous)
-Price touched the roof of the channel
-Price is over the bollinger band
-RSI in overbought territory
-Bearish RSI Divergence now visible on 3h chart
-Macd loosing momentum on the 3h and 4hr chart
Possible retracement from the last top if bulltrend is over :
0.5% fib : 15.88$
Golden fib 0.618 : 12.13$
0.85% : fib 4.76$
Probable retracement from the last high if bulltrend continue :
Golden fib : 18.32$
0.5% fib : 20.88$
Most healthly support if Bull trend continue.
EMA RIBBON currently in this rand : 22-23$
MA 21 (DAILY) currently at 23.23$
Bottom of Bollinger band : 17.41$
Bottom of Donchian Channel : 18.91$
Median of Donchian Channel : 25.31$
Thanks for leaving comment or anything else :-)
You can find me on Twitter.
Have a wonderful Christmas !!
