GBTC: 8 month uptrend active, 8 week uptrend might activate next

30 lug 2017

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.

5 ago 2017

Nota

8 week rally confirmed, looking to add a bit more on dips.
GBTC gained a nice boost from the sale of BCH holdings I guess...if they did sell.

10 ago 2017

Nota

GBTC about to break out as volatility jumps I can easily see it hit the targets. Hodl!

14 ago 2017

Trade chiuso: obiettivo raggiunto

Target #1 exceeded, I closed at $750.50 for a great profit. I will reenter after a consolidation or pullback.

15 ago 2017

Nota

The 750.5 exit doesn't look too bad now
s3.amazonaws.com/tradingview/snapshots/v/vU2sBUCm.png

Waiting to buy back lower...for now.

30 ago 2017

Trade attivo

I bought back and sold in profit, from 698 to 739 or so.
I then bought back higher, sadly, at 821.

31 ago 2017

Nota

Keeping a trailing stop is wise...but use alerts, not a stop. I reccomend 3 ATR down in the daily, for example.