So for all the "But Muh Shooting Star Weekly" meme'rs ... That's a Long Upper Shadow and we got a 15% 2-week consolidation!
Going back to 7,6,5,4,3,1k fools getting REKT!
GBTC
You've had 5 days to buy the 50dayMA....On the first bounce since 2017...
I wouldn't count on getting 6...
$GBTC is Dipping TodayFirst off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. That being said, given the current downward trends and the market's performance today, as well as my previously bullish statements, I would say you can still get $GBTC at a profitable position today given the 9% decrease (Though not a big SGBTC fan over just getting actual crypto).
Bull / Bear Div inside of an ascending triangle... Don't get shook!
It's a long way to the top if you want to rock and roll!
$GBTC Bumps Up Against Key Potential Breakout TriggerGBTC is poised at key confluence resistance, which could be viewed as a potential breakout trigger to come. The level is defined by sloped and price level resistance that roughly corresponds with $10K on the BTC chart.
STAY CALM! Don't Day Trade unless you know what you are doing!
YESTERDAY WAS (MOST LIKELY EXCHANGES) STOP HUNTING HIGH LEVERAGED GAMBLERS!
Direction is clear.Bounce on the upper trendline breakout retest.
In a clear ascending triangle pattern.
In a falling wedge.
8K's are closed IMHO, but the possibility of grinding that line is on the table. You better not get greedy and left behind!
