Thursday, November 3, 2016 11:05 AM EDT
Bitcoin is in an uptrend in 2016, no doubt about that. Investors asking the question whether they should ‘enter the arena’ get an answer on their question in this article.
First, Bitcoin can be invested in by simply buying bitcoins in an exchange or buy investing in an ETF. The most known bitcoin ETF is GBTC, see below chart. Obviously, buying an ETF is the simplest way to get exposure to bitcoin.
Chart analysis is how we determine whether an investment is a buy or a sell. Right now, bitcoin’s ETF is sitting right at a major trendline, which, in our view, is major news. Investors should be looking for the GBTC to break above 110 for a major buy signal. Until that point, there is a probability that this ETF is unsuccessfully attempting to get into a technical uptrend.
Our recommendation is to enter the bitcoin ETF GBTC once 110 is broken in the coming days or week.
Disclaimer: InvestingHaven.com makes every effort to ensure that the information ...
more
Disclaimer: InvestingHaven.com makes every effort to ensure that the information provided is complete, correct, accurate and updated.In spite of these efforts, errors may occur in the information provided.If the information provided contains errors or if certain information is not available on or via the site, InvestingHaven.com will make every effort to rectify the situation as soon as possible. However, InvestingHaven.com cannot be held liable for direct or indirect damages resulting from the use of the information on this site. If you notice any errors in the information provided via the site, please contact the manager of the site.
Moreover, the views expressed in the articles (posts) on this website are the ones from the authors and are for information only. It is not intended as an offer, invitation, or solicitation to buy or sell any of any security or asset described. Nor the website manager nor the authors do accept any liability whatsoever for any direct or consequential loss arising from the use of their content. Please consult a qualified financial advisor before making investments. The information on this website and in the articles (posts) is believed to be reliable , but the authors do not make any representations as to its accuracy or completeness.
The content of the site (including links) may be adjusted, changed or expanded at any time without notice. InvestingHaven.com does not guarantee the proper functioning of the website and cannot be held liable in any way for the improper functioning or temporary (un)availability of the website or for any form of damage, direct or indirect, which may be the result of access to or use of the website.
InvestingHaven.com cannot be held liable under any circumstances by anyone, directly or indirectly, in any specific or other way, for damages resulting from the use of this site or any other site connected by means of links or hyperlinks, including, without limitation, any losses, interruptions of work, damage to programmes or other information on the computer system or to equipment, software or other items owned by the user.
less
How did you like this article? Let us know so we can better customize your reading experience.
