Pullback for Bullish Entry?
I've been accumulating GBTC since $4.28 and as I was looking for the next dip to buy more I ended up with this setup idea that I decided to publish. It'd be a nice swing trade assuming we get down to the entry, though to be clear, this is not financial advice - I am not even planning on trading this other than accumulating more at the entry of $9.85 (will probably front run of course). That said, if there's something you see here that you can make use of, then awesome!
If the GBTC premium stays where it is (which is a horrible assumption BTW), then the entry will be roughly equivalent to $8775 spot and the top-most profit target is around 12.3K.
If the GBTC premium stays where it is (which is a horrible assumption BTW), then the entry will be roughly equivalent to $8775 spot and the top-most profit target is around 12.3K.
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