GBTC and BTC are consolidating in the tip of the wedge everyone is watching for months. I was able to get some fill orders on GBTC for $8.55. I have other wishful orders scattered below $8 (just in case). RSI is already low and suppressed for some time now. MACD is showing signs of flipping on Daily, but is not there yet. Multiple gaps to fill above price. Price crossing red zigzag (10WeekMA) will confirm uptrend.
Just to give hope to some people who HODL if you miss a selling opportunity. I was able to reduce my cost basis and pick up 531 extra shares in one account by re-buying and selling on the way down. If you plan to HODL what I did: -2000 shares....sell half in 200/300 increments on up ticks. -I waited for pullback and bought using 500 share orders. (1000 share order would not fill). -Doing this 3 times helped me gain 25% more shares while offsetting losses as I do not exit BTC during halving events.
Thank you for liking, commenting, throwing up a chart, following, or viewing. I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts. Disclosure - I am long BTCUSD, GBTC
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Was able to get some additional fills yesterday at $7.90. I have some other orders 50-100 shares scattered at lower prices. Seems like these small share orders get filled. 500/1000 share orders are not filling for me.
FYI - use smaller size for fill if you have trouble :)
Closed at 8.01, looking at 7.50 tomorrow. If BTC opens below 6,000 GBTC will be sub 7.
MoneyPatterns
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@counsellorvasquez, I agree. This will be a great buying opportunity IMO.
I'm buying 50-200 share lots anywhere down here for 6 month - 1 year length.
Looks like we may fill this wedge all the way into the tip which is close to 6K.
SteelyRivers
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@jbird7839, I suspect today's mini-pop will melt away and 6.60 is still in the cards.
MoneyPatterns
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@counsellorvasquez, I hope so...I have some orders down there.
Easy to flip and reduce cost basis in here. :)