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WallStreetKwt
Jan 21, 2021 8:24 AM

For GBTC Longs, the Renko with MACD follows the stock closely Long

Description

Renko box size = 0.75

Comment

Renko box size is 0.5 not 0.75
I believe now is not a good time to buy. Maybe in a few days ?
Comments
chillcrypto
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.
WallStreetKwt
@conradkz, I agree, it might go lower, but not worth losing the potential and sudden upside movement.
Tivek2930
😩 when would be the good time to buy it. Thanks in advance
chillcrypto
@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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