I signaled entry around $9 on GBTC, currently up 21%.
I don't normally post stock analysis' , but this is the only stock i'm holding now in my TD. I was thinking a potential pullback, but why try to buy back in higher for such a little gain.
The current price of spot Bitcoin premium is $250 higher than the average price, meaning that institutional investors are willing to pay at least $9500 for 1 Bitcoin.
With this in mind and the fact that GBTC mirrors Bitcoin, this stock is about to absolutely soar.
Using the Easy Loot indicator I created, GBTC is signaling BUY with the volume increasing, supporting the move up. This is not a false breakout or false manipulated move up, sure yes I agree this stock is manipulated, everything is, but the fact that all these indicators are flashing buy buy buy as well as the spot price of Bitcoin being well over the actual, something crazy is about to happen.
I'm going to continue holding GBTC and letting it ride to see where this thing goes, 1st sell target is placed at the $12.5 weekly resistance for a 40% gain.
As always please do your own research, I am not a financial advisor.
I'm making this play in my ROTH IRA for better tax relief. Any opinion on the Grayscale ETHE?
kyer
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@FranktheTank4, The Grayscale ETH is the same as investing in Ethereum , so if you like the fundamentals of ETH crypto I suggest investing into that. It should give you higher returns than the GBTC pair
jsztanki
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like that you are doing gbtc, I am seeing on the daily a h&shoulder bottom coming out of a wedge, which points to around $17.. if the banksters allow it to happen.
kyer
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@jsztanki, I have a level marked at $17.25 too, I see it happening it's just a matter of when it happens.