Marioa01

GBTC Fib pull back buy zone

Long
OTC:GBTC   GRAYSCALE BITCOIN TRUST (BTC)
Reposting publically the idea I created privately (without realizing it)

Jan 21
1st position taken @ $37, second position to be taken 1/21 as GBTC hits a 50% buy zone. Looking to trade this with a test of $48. Potential to hold longer term pending bitcoin behavior testing recent highs. Will cut losses at a breach of 50% level.
Jan 21
Comment: losses to be cut at breach of $25.81...
Jan 30
Comment: Second position taken at $29.7... trade working out well, although 1/29 candle looks ominous. will close trade if the red candle is not overtaken in 1st two sessions next week.
Feb 16
Comment: Thank you Elon! The race to wide spread adoption begins... Let's see which influences are on the ball with respect to how high and how fast this can move...

Comments

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