Tuesday Update : GBTC


It's been two boring days to start the week, with one exception: GBTC. Price is starting to form some familiar patterns. As illustrated on the charts below, it has just completed a small a-b-c correction and is primed for a move back over the previous high at $7.49.  GBTC is based upon the price of bitcoin, which itself is based upon the price of...who knows what? The pattern is bullish on both the daily and hourly charts. In addition GBTC has today triggered a Buy Signal basis our option trading methodology.  Three reasons to get in (or add to), with a stop under $6.00