GBTC is in a monthly rally, and despite hitting all monthly targets, the weekly timeframe indicates it can march higher, which coincides with the BTCUSD and BTCEUR chart data. In this case, the uptrend started off the lows, and confirmed an 8 month rally a few months ago. There's time left, which matches the duration of the weekly signal, all of this is very logical, and gives us more confidence in our positioning. I reccomend entering longs breaking over a previous high here, or simply at market open. Stop losses are not reccomended, so simply size the trade according to your risk management criteria. I will reserve my exact entry method and sizing to my clients. This trade is specially reccomended if you lack a cryptocurrency account with Kraken or Gemini.
Best of luck if taking this trade with me. Cheers,
Ivan Labrie.
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8 week rally confirmed, looking to add a bit more on dips. GBTC gained a nice boost from the sale of BCH holdings I guess...if they did sell.
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GBTC about to break out as volatility jumps I can easily see it hit the targets. Hodl!
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Target #1 exceeded, I closed at $750.50 for a great profit. I will reenter after a consolidation or pullback.
Wow... you the man.. great calls! And I totally agree that it's probably going to 2k in the next month or two and certainly by year end. I bought in on the breakout Thursday morning and it's been going according to plan so far. run GBTC run!
IvanLabrie
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@Digitalifetime, I banked it today at $750.50, I will buy back if needeed...ideally after a consolidation period. I'm still in spot BTC I own, but this was a nice extra boost. Made 28% returns in little time!
@JorgeNunez, ARKW is the next best thing. I like it, overall. A shame it has FB and other overvalued tech names. Maybe try the ARKK one? It has TSLA in the mix.