Sellers have given up the pivot, and after clearing FED, buyers are eyeballing pressure towards $46, $49 and $58 above.
A more solid representation is our long-term chart in BTC, but GBTC is also playable.
With sellers showing a lack of necessary tenacity, and buyers starting to make themselves felt. The threat now is immediately on a +35% rally, to e.g $46 and $49 soft resistance, and finally $58 highs. The enormous strategic significance of tapering explains why Powell has been so fleeting. Politicians have created a whore house via covid, we are now going to see the slippery slope play out in monetary policy.
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close to clearing the first targets here... well done all those riding this one, a flawless and simple swing so far.