Updated
Pullback on its way?
Bad news today for Grayscale that will likely throw some water on the Bitcoin run...
On the day that Blackrock says, 'we have a 100k investor for our ETF', SEC tells Grayscale to cool its jets until end of January. Very interesting.
I noted where I would take profit and I've been pulling a little out per day (not much). Bottom line is that 3 days of positive volume in a row is usually the max for GBTC. We are likely to see a red candle tomorrow.
Not financial advice - please do your own research.
On the day that Blackrock says, 'we have a 100k investor for our ETF', SEC tells Grayscale to cool its jets until end of January. Very interesting.
I noted where I would take profit and I've been pulling a little out per day (not much). Bottom line is that 3 days of positive volume in a row is usually the max for GBTC. We are likely to see a red candle tomorrow.
Not financial advice - please do your own research.
Note
Somewhat of a dump. But took some off the top at the peak today. We should expect another red day tomorrow as most of the pullbacks on this current run have been two days in a row.Note
We're still mostly in it to win it though. Just averaging out here so we can build some cash for buying back in should the price trade much lower.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.