Special Situation Alert: GBTC

Special Situation stock GBTC, which is a very tradable ETF investing solely in bitcoin, will reverse Long above 15.43. The model as been out of the stock since late December at a split-adjusted 26.10. Today's pop-up in the price of bitcoin is reportedly based on South Korea downplaying its threat of banning cryptocurrencies. That might explain the 7% pop in price in the past 24 hours, but not the 20% pop in price over the past week.

If GBTC closes above 15.43 we will be going back Long, buying the shares (no options).