GBTC Fib pull back buy zone
Reposting publically the idea I created privately (without realizing it)
Jan 21
1st position taken @ $37, second position to be taken 1/21 as GBTC hits a 50% buy zone. Looking to trade this with a test of $48. Potential to hold longer term pending bitcoin behavior testing recent highs. Will cut losses at a breach of 50% level.
Jan 21
Comment: losses to be cut at breach of $25.81...
Jan 30
Comment: Second position taken at $29.7... trade working out well, although 1/29 candle looks ominous. will close trade if the red candle is not overtaken in 1st two sessions next week.
Feb 16
Comment: Thank you Elon! The race to wide spread adoption begins... Let's see which influences are on the ball with respect to how high and how fast this can move...
Jan 21
1st position taken @ $37, second position to be taken 1/21 as GBTC hits a 50% buy zone. Looking to trade this with a test of $48. Potential to hold longer term pending bitcoin behavior testing recent highs. Will cut losses at a breach of 50% level.
Jan 21
Comment: losses to be cut at breach of $25.81...
Jan 30
Comment: Second position taken at $29.7... trade working out well, although 1/29 candle looks ominous. will close trade if the red candle is not overtaken in 1st two sessions next week.
Feb 16
Comment: Thank you Elon! The race to wide spread adoption begins... Let's see which influences are on the ball with respect to how high and how fast this can move...
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.