GBTC D1: PATH TO 100%+ gains // Bottoming pattern(NEW)

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GBTC D1: PATH TO 100%+ gains // Bottoming pattern(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as SHORT because I expect more short-term
losses now before reversal later (Q4 2020).

🔸 Summary and potential trade setup
::: GBTC 1day/candle chart review/outlook
::: tagged SHORT because it's BEARISH short-term
::: GBTC is close proxy for Bitcoin price
::: chart looks like bottoming pattern
::: in progress. Not IHS / but very close
::: speculative setup. requires confirmation
::: Short-term more losses likely
::: 15-25% downside remains next few weeks
::: no major catalysts for reversal short-term
::: going forward US Election Day may trigger
::: reaction in QQQ/SPY and boost GBTC price as well
::: recommended strategy: BUY LOW later // SWING TRADE
::: This downside in GBTC translates to BTCUSD
::: Cycle low point near 8200-8600 USD
::: SWING traders in BTC should wait for cycle low
::: before buying to BUY/HOLD
::: good luck traders!
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9/Combo update: N/A
::: Sentiment mid-term: BEARS/CORRECTION
::: Sentiment outlook short-term: BEARS