GBTC actually formed a lower low and closed the week above the 1.618 fib at $13.12 with weekly bullish divergence & a weekly bullish engulfing candle. Expecting a gap fill up to the .382 fib at $17.4. Confirmed weekly buy signal on Cipher B.
The premium to NAV is still sitting at all time lows at -31%. Illustrating this on the GBTC chart, BTC is not far off its 200W MA; meanwhile, GBTC is almost ~50% away from its 200W MA! I'm not seeing much coverage and hype on GBTC on social media either, so I'm buying here.
The premium to NAV is still sitting at all time lows at -31%. Illustrating this on the GBTC chart, BTC is not far off its 200W MA; meanwhile, GBTC is almost ~50% away from its 200W MA! I'm not seeing much coverage and hype on GBTC on social media either, so I'm buying here.
Comment:
I'd rather own shares of TNXP
