SR618

BTCUSD

Long
SR618 Updated   
OTC:GBTC   None
Today I’m In Korea and on my way back to Seattle. Some people don’t have crypto trading accounts, but my have access to US stock. While there still is no crypto ETF, there is another option - GBTC which is a Bitcoin Trust kind of similar to GLD - gold etf.

Like the BTCUSD GBTC is also oscillator is displaying convergence indicating a strong possibility of a double bottom. And if you believe that BTC is going up more, it has has a favorable risk reward of 2:1
Comment:
GBTC took awhile, but after making a solid base between $4-$5 (I bought $4.50) it is finally breaking out on good volume. Though originally my price target was $7.70 I will cover 1/3 at $6.80 (200ma).
Comment:
stop moved to b/e

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