Keystone mentioned GBTC the other day wanting to snag a sub-4 price which worked out fine. The possie d (green lines) set price up for a rocket launch higher which occurs. GBTC pops +15% on Monday. Keystone is out of the trade that fast and will look to reenter. The big gap left behind makes the play tricky but GBTC should continue higher in the days and weeks ahead.
As previously shown on the bitcoin chart, NYXBT, the weekly chart exhibits buoyancy although the MACD line on the monthly chart remains weak and bleak. Bitcoin should travel sideways to sideways higher going through the year. Since the monthly chart would like another look at the recent lows a firm bottom in bitcoin will likely be placed in the March-June time frame. From there, bitcoin should steadily increase, and positive news should increase as well for the bludgeoned digital darling, through the remainder of the year. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.
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