Sherem

GBTC set to move higher

Long
OTC:GBTC   GRAYSCALE BITCOIN TRUST (BTC)
I hear a lot of paid groups are bearish on BTC , or draw a really crappy head and shoulder's pattern on BTC . Let's take the head and shoulder's pattern floating around right now. This is purely conditional IF it were to break 10k, the it's this awkward sideways type H&S pattern that would have formed and some folks would have gotten lucky. I however believe BTC is merely at a massive support and going to continue higher.

This is best illustrated with GBTC , the symbol on the OTC exchange. It is currently sitting on a MASSIVE support and has a lot of indicators turning up. This will drive the entire market higher, GBTC to $16 and BTC to around 15-16k.

Happy trading and hodling folks. It's gonna get real very quick.

-Sherem
Comment: Precision.

Comments

Sherem, Great call! In fact, perfect call from what I can see. I took some profits today at 17.49 in my IRA account where the trading doesn't affect the tax consequences. Are you expecting a pullback eventually before another break higher? Thanks for sharing your opinions!
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Sherem FranktheTank4
@FranktheTank4, Yes, but I don't know if it's worth selling to try and time it right now though. That's what I have been debating. Ultimately, we could see it double from here. Is it worth selling it to try to time that? I am not sure...
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Excellent idea !
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this guy is same same but different, just faster and before. Like both your opinions. His one is on the was already and broke out....
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Trendline holding well, lets see how it unfolds. Thanks for sharing!
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