TradeTheTrends

QBTC, TIME TO BUY?

Long
TSX:QBTC   THE BITCOIN FUND CAD
Hello fellow traders and investors, here's another trade idea.
QBTC has recently sold off to the bottom of the channel. If it makes a recovery to the top of the channel it offers a 40% ROI .

Technicals:
The Macd indicates that it's in a downtrend but not oversold
The bearish volume is seeing signs of exhaustion which could lead to a reversal
The RSI is oversold

When To Buy:
Now

When To Sell:
At the top of the channel

Fundamentals: QBTC is a bitcoin fund.

Rating: 90/100 volume looks amazing and so do the technicals.

I hope you enjoyed this quick analysis and many more to come.
If you enjoyed leave a like, follow, comment your thoughts and share this trade idea.
Thanks.

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