The deep correction in Bitcoin has been accompanied by close to a 20% decline in GBTC. This creates a "Buy Pending" in GBTC basis the hourly chart. Under our standard parameters for entering up-trends on the termination of corrections, a Buy will be generated above $41.50. I added to my Bitcoin position today on the break of $31,000 and subsequent reversal back above it (currently $32,000). Part of this is reasoning was I wanted a larger position in Bitcoin in addition to my GBTC. GBTC Buy Pending: >$41.50 Option: None available.
