GBTC: 8 month uptrend active, 8 week uptrend might activate next
Updated
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.
Note
GBTC about to break out as volatility jumps Trade closed: target reached
Target #1 exceeded, I closed at $750.50 for a great profit. I will reenter after a consolidation or pullback.Note
The 750.5 exit doesn't look too bad nows3.amazonaws.com/tradingview/snapshots/v/vU2sBUCm.png
Waiting to buy back lower...for now.
Trade active
I bought back and sold in profit, from 698 to 739 or so.I then bought back higher, sadly, at 821.
Note
Keeping a trailing stop is wise...but use alerts, not a stop. I reccomend 3 ATR down in the daily, for example.
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