On Monday morning we entered Long GBTC @ $12.15 with a stop at $9.85. Since then GBTC has gone straight up to a high so far today at $13.44. Let's raise our stop to $11.50 reducing risk to about 5% on the trade. This is the first time we have been back in GBTC since the March 20, 2019 Buy Signal at $4.99. It went on to reach a high of $17.40 on June 26 and we were eventually stopped out on August 28 when GBTC closed below $12.00. The new stop may seem tight, but if this is a new leg up in bitcoin it should not be threatened. We will continue to move the stop up commensurate with the rise in GBTC price. GBTC: New Stop @ $11.50 (close only).
