Short
SHORT Bitcoin Investment Trust, GBTC. Rise and Pullback?
Trying to keep it simple.
I don't like to chart BTC 0.08% usually. It has a mind of its own. GBTC -7.69% as well.
Lets get into it.
You can see on the DAILY, we have buy signals gathering, with the Itchimoku turning ever so slightly in the bullish direction. Don't expect much as we come close to the end of consolidation.
Selling momentum is still bearish , but were right at the brink of it changing bullish , which we will see more on in the next few days.
I have labeled 2 sell zones ill be looking for above the 786 and 618 for a double or triple top depending how you look at it.
I'm expecting a huge crash in this stock down to the full pullback level 100, and will be looking to accumulate what I can between the $1.5 and $4 area.
I know I know, Ill most likely get heat for even mentioning those levels, but BTC 0.08% is kind of a... well.. just uncooperative, and I charted this with no emotion, but it hurts deep down, it really does.
Happy Trading, Debating and Speculating! I want everyone to win!
FOLLOW for more updates, and check out my other charts for ideas!
I don't like to chart BTC 0.08% usually. It has a mind of its own. GBTC -7.69% as well.
Lets get into it.
You can see on the DAILY, we have buy signals gathering, with the Itchimoku turning ever so slightly in the bullish direction. Don't expect much as we come close to the end of consolidation.
Selling momentum is still bearish , but were right at the brink of it changing bullish , which we will see more on in the next few days.
I have labeled 2 sell zones ill be looking for above the 786 and 618 for a double or triple top depending how you look at it.
I'm expecting a huge crash in this stock down to the full pullback level 100, and will be looking to accumulate what I can between the $1.5 and $4 area.
I know I know, Ill most likely get heat for even mentioning those levels, but BTC 0.08% is kind of a... well.. just uncooperative, and I charted this with no emotion, but it hurts deep down, it really does.
Happy Trading, Debating and Speculating! I want everyone to win!
FOLLOW for more updates, and check out my other charts for ideas!
Note
just noting that I did not mean to have the word SHORT in the front of the title lol. This is a short term bounce long into a future short. :)Trade active
Seems to have a bounce here. I see buy signals stacking, momentum changing. Looking for target sell zones!Follow me for updates! Check out my other charts, all playing out so far..
Trade active
Well that bounce played out perfect. Here is an updated chart for todays movnments. Happy 20% gains in a day for whoever followed!
Trade active
had a small consolidation, looks ready to potentially rise to sell zone. Ill add a small portion at this level. Trade active
I feel like im talking to myself in here lol. anyways, heres another update on another amazingly accurate chart. check my others.have a chart you want me to inspect? leave a comment below!
Trade active
anyone else impressed? check out my other charts for the same kind of accuracy.that graph play button feels nice.
Note
added another buy zone for the first sell zone pull back, next target 15.close up
Trade active
amazing chart i must say. got the first buy zone on point, right into the first sell zone. Also have a pull back to my second bounce buy zone perfectly, right back into my sell zone perfectly.Looking for a pull back into second sell zone before rise to final stop.
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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.
Related publications
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.