GBTC could be getting ready to make another run to 1K.
Falling wedge and current trend developed over last few days suggest we're heading for a breakout.
The real hangup is the premium associated with GBTC. It traded as high as 130% when GBTC made a run to $1050 and collapsed as low as 20% a few days ago. Currently trading at 30-31% premium.
GBTC and MGTI - both stocks about to breakout. The signs for a substantial breakout in MGTI are overwhelming - we have a giant cup+handle formation that's been building over 14 months. The handle should complete and break out within the next week; quite possibly within the next 2 trading days.
im getting nervous about gbtc...ive held since 700's , and regardless of btc increasing, it's still an OTC stock and feel something bad could happen at any moment to it. I also understand this is a broad generalization but I still maintain my reservations to hold above 1200, if it ever gets there