GBTC - Grayscale Bitcoin Trust (BTC)

Other OTC - Other OTC Delayed Price. Currency in USD
10.18
-0.48 (-4.50%)
At close: 3:59PM EDT
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Neutralpattern detected
Performance Outlook
  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
    9M+
Previous Close10.66
Open10.49
Bid0.00 x 0
Ask0.00 x 0
Day's Range9.98 - 10.49
52 Week Range5.01 - 17.40
Volume4,642,918
Avg. Volume5,654,025
Market Cap1.789B
Beta (5Y Monthly)N/A
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateOct 15, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est8.35
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
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    4 Top Stock Trades for Monday: FB, GE, Gold

    Stocks put together a mild bounce on Friday, following Thursday's beating. Here's a few top stock trades for Monday. Top Stock Trades for Tomorrow: Facebook (FB)Source: Chart courtesy of StockCharts.comFacebook (NASDAQ:FB) has been hammered, as shares have fallen from almost $225 in January to a recent low of $155. The stock wasted little time breaking below uptrend support (blue line) and its major moving averages.The hard thing about both Facebook and the market? The speed in which these declines have taken place. It's trapped a lot of bulls at higher prices, as they are unable to get out of their positions without incurring massive losses. These big gaps make it so that stop-losses can be inefficient too.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 9 Gold Stocks to Stave Off Coronavirus-Induced Volatility In the case of Facebook, we have a well-defined low down near $155. Holding up above $160 now, bulls want to see if we can hurdle Thursday's high, putting $170 to $175 back on the table. Above that and perhaps a move to $185 is possible, with the 200-day moving average in play above that.Below Thursday's low and a gap-fill into the low-$150's is possible. If that level gives out, more selling pressure can ensue. Top Stock Trades for Tomorrow: General Electric (GE)Source: Chart courtesy of StockCharts.comThings have gotten ugly for General Electric (NYSE:GE). Worries about the aerospace sector have investors concerned, on top of the volatility and market selling pressure weighing on stocks.Shares dipped below the $7 mark briefly this week. A move back over $8 could send the stock back toward prior uptrend support (blue line) around $9.50. However, investors' concern here is a break of the 2018 lows.Below the mid-$6's could cause a further flush in the stock, particularly if there's more selling in the broader market. GE is slowly but surely turning things around, but it's not in the best of positions yet. Let's see if the lows hold. Top Stock Trades for Tomorrow: Gold ETF (GLD)Source: Chart courtesy of StockCharts.comPeople call gold a safe haven. That could be said about multiple assets, many of which have come under pressure over the past week as investors and institutions sell what they can, not necessarily what they want.I think that's the case with gold, depicted above via the SPDR Gold Trust ETF (NYSEARCA:GLD).For now, the uptrend (blue line) and the 200-day moving average are holding as support. From a fundamental perspective, there are a lot of reasons to own gold at this point. But currently, the technicals are mixed.Traders who go long can use the 200-day as a point of reference on the downside. If that fails as support, sellers can likely drive GLD down to the $136 to $137 area. Back over $145 puts $150-plus on the table. Top Stock Trades for Tomorrow: BitcoinSource: Chart courtesy of TradingView.com Like gold, so much for bitcoin acting as a safe haven during times of duress. However, the digital currency's performance has been much worse than the yellow metal. Bitcoin has plunged almost 40% so far for the week. At Thursday's low, bitcoin was down 50% for the week.That is not indicative of a healthy safe haven. Some use the Grayscale Bitcoin Trust (OTCMKTS:GBTC) to trade bitcoin, but it doesn't matter. Both are under fire.Bitcoin is below its 200-week moving average, as depicted above. It's also below uptrend support (blue line). Reclaiming those marks would require a move north of $5,500. That would put the November low near $6,500 on the table.Below this week's low and the 2018 low is on the table, meaning a drop to the $3,200 to $3,500 area.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell did not hold a position in any of the aforementioned securities. More From InvestorPlace * America's Richest ZIP Code Holds Wealth Gap Secret * 7 Stocks to Sell as We Enter a Bear Market * 4 Energy Stocks Paying Jaw-Dropping Dividends * 3 Stocks to Buy That Will Dodge Any Volatile Market The post 4 Top Stock Trades for Monday: FB, GE, Gold appeared first on InvestorPlace.

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    The ARK Web x.0 ETF (ARKW) is a fine idea for investors looking to access a basket of disruptive technology names with the benefit of the battle-tested active management team. Back in 2018, ARKW was also known for a large weight to bitcoin via the Grayscale Bitcoin Trust (GBTC). Proving the benefits of active management under the right circumstances, the ARK Invest team significantly pared its GBTC stake before bitcoin's now infamous late 2018 slide.

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If for no other reason this phenomenon can be tied to institutional investors who can move more freely into last year's dogs without having to defend a stock with fleas to stakeholders at year-end.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Cheap Stocks to Buy Under $10 Having said that, Beyond Meat (NASDAQ:BYND), Pinterest (NYSE:PINS) and Grayscale Bitcoin Trust (OTCMKTS:GBTC) are three investment vehicles that demonstrate potential as momentum stocks in 2020. Momentum Stocks to Buy: Beyond Meat (BYND) Source: Charts by TradingViewAfter getting scorched in 2019 faux-meat producer Beyond Meat has quickly become a sizzling investment with Wall Street. Shares are up roughly 50% in just over a handful of trading days in 2020's early going. The catalyst? The initial headline driver was privately held rival Impossible Foods was throwing in the towel on its bid to land a spot on the McDonald's (NYSE:MCD) menu. And that leaves the door wide open for BYND stock.Technically speaking and aside from the huge gain in share value, BYND stock has firmly broken price resistance formed during the construction of a key lateral congestion pattern.BYND Stock Strategy: Our recent recommended strategy nailed a huge win in this momentum stock. But while resistance has been overcome, BYND stock is also incredibly volatile and overbought near term. My advice, put shares on the radar for purchase in-between $95 - $105 as part of a married put or collar options-based position. Pinterest (PINS) Source: Charts by TradingViewPinterest is the next of our momentum stocks to buy. When all was said in done in 2019, the popular web-based visual discovery platform saw shares cut in half from their highs and modestly below their IPO stock price of $19. But now investors might be smart to recognize what a difference a day can make.In truth, shares were already on the move out-the-gate in 2020. But Tuesday's near-10% gain has shares looking like a bonafide momentum stock. The headline driver was a report PINS stock has overtaken Snap (NYSE:SNAP) in users and only trailing social media giant Facebook (NASDAQ:FB) and the company's Instagram app.Technically, PINS stock has confirmed December's bottoming hammer candlestick formed around the 1.27% extension level and begun a move into a large gap area. This could produce a vacuum-like sweeping of shares higher before an eventual pullback. * 7 Socially Responsible ETFs to Buy in 2020 PINS Stock Strategy: This momentum stock can be bought today in anticipation of the price gap being filled. On a challenge of the $25 area, I'd recommend buying a protective put on the cheap and leave the upside open-ended until after earnings in February. Grayscale Bitcoin Trust (GBTC) Source: Charts by TradingViewThe Grayscale Bitcoin Trust is the last of our momentum stocks to buy. GBTC stock is a listed trust tied to the cryptocurrency market's largest play. Investors pay a premium versus owning the actual contract. However, due to the transparency of listed OTC securities, as well as the product's strong liquidity, I believe this is a more suitable way for most investors to gain exposure.Any investor with even a passing interest in the markets has heard of bitcoin's dazzling run and equally impressive crash over the past couple years. But if there's one game-changing technology in the market right now, the cryptocurrency space would definitely deserve to be in that conversation. And right now there's reason to see another bullish cycle emerging and GBTC's status as a momentum stock back in action.Technically, shares of GBTC have formed and confirmed a bullish higher low pattern between the 62% and 76% Fibonacci levels on the monthly chart. With GBTC up roughly 22.50% in January, it's fair to say this is a momentum stock opportunity. Yet another glance at the big picture also strongly suggests bitcoin is just now turning the corner for bullish investors.GBTC Stock Strategy: Buy this momentum stock today. But don't go all in. I'd recommend adding if confirmation of the rally is backed by a bullish crossover from GBTC stock's monthly stochastics. Use the recent low for exiting if needed and stand ready to take partial profits at the 2019 high near $17.50.Disclosure: Investment accounts under Christopher Tyler's management currently own positions in Beyond Meat (BYND) and Bitcoin (GBTC) securities, but no other investments mentioned in this article. The information offered is based upon Christopher Tyler's observations and strictly intended for educational purposes only; the use of which is the responsibility of the individual. For additional market insights and related musings, follow Chris on Twitter @Options_CAT and StockTwits. 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