For GBTC Longs, the Renko with MACD follows the stock closely
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Renko box size = 0.75
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FWIW I am going to be 'averaging' with a buy this morning. I am not advocating anyone follow me in that regard, but this is a much level to buy at if you are a long buyer.
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@conradkz, I agree, it might go lower, but not worth losing the potential and sudden upside movement.
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@Tivek2930, Draw your trend lines, set your buy limit orders. It's amazing how closely the action follows trends. Obviously there is risk and there will always be risk. Nothing is given. We are currently moving towards a squeeze (lower high, higher low) and likely this will be the breakout point.
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I believe now is not a good time to buy. Maybe in a few days ?