Our GBTC trading position was stopped out on Dec 20th for a 188% profit from its October 31st Buy Signal. Last week bitcoin took a 61.8% tumble from its massive run up from November, from about $6,500 to about $20K. If that retracement number sounds familiar, think, "Fibonacci." Bitcoin and GBTC are progressing up slowly from last week's lows, but still not enough to trigger us back into our Long GBTC position. A fresh Buy is probably still a few days away. We will cover it our Blue Line Classic Trading Service.
2018 is shaping up to be the year of the crypto, with bitcoin leading the pack.