I just happened to look at GBTC today and thought it was interesting how well defined the pullback resistance was.
GBTC is back on the uptrend after breaking out.
Bitcoin's uptrend came to a halt recently, and we've now failed to hit the required level above on time.
I'd expect either a triangle or downtrend continuation here, but not a move to the upside.
The Bitcoin ETF, GBTC also shows heavy selling, so it might anticipate further downside in BTCCNY, at least until GBTC gets oversold.
If long from lower levels, and for...
This might be a clue, regarding the future direction of Bitcoin.
I'd look into buying once the decline is done, naturally, but for the time being you can look into shorting BTC pairs at market, perhaps diversifying your BTC risk by purchasing Ethereum with it (risk 1-3 average daily ranges in it, or BTS for instance). If buying BTC for the long term you can always...
I had published a long entry a while back, if you saw it, you should be in the money.
If not in it and interested in trading this ETF with your account, you could join the trend here with a stop under the 63 handle.
The reaction the the Satoshi Nakamoto reveal has been quite positive, surprisingly, despite him having 3m BTC he could sell at market (I think that is...
I stumbled upon this etf today, I think the price chart is acting great, trending with more clarity than its underlying even.
I'm looking to enter long positions on this retracement that is being offered here, with a stop loss with sufficient margin to avoid being stopped on a retest of the mode support.
Good luck if taking this trade,
Ivan Labrie.
