dpuleo19

All bullish signs for $GBTC

OTC:GBTC   Grayscale Bitcoin Trust (BTC)
I'll open this saying that always wait for confirmation. Now, all I can see in this chart are bullish signs. The ADX is above 40 points stating the end of a trend. The MACD is making the bullish cross while in good divergence with the price action for the last month. Last week OTC:GBTC made a bullish candlestick pattern called "the island reversal", is when two gaps are formed on the same zone creating an "island" on at least one candle; and to add, that candle is a "shooting star", one of the most bullish candle formations.

Regardless of what I see, OTC:GBTC is still on a downtrend. This could only be the start of a reversal, which it would be foolish, at least for me, to buy it. This analysis is to have a close eye on this security that's all.

I'll leave a bearish analysis to give some perspective. Is in spanish.