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BallsOfSteel32
Jan 25, 2024 1:53 PM

Grayscale Gravestone Doji Short

Grayscale Bitcoin Trust (BTC)Arca

Description

The price has started its descent off a Gravestone Doji. Selling pressure expected to last into the spring. This is either a good place to look for short entries, or a good chart to watch to buy into GBTC at a discount. RSI suggests GBTC has just began its descent. The ideal place the PA looks to land after the dust settles is around the .618 fib retracement level which coincides with a major support and the convergence of the 50, 100 and 200 simple moving averages.

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NFA, do your own DD

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