The price has started its descent off a Gravestone Doji. Selling pressure expected to last into the spring. This is either a good place to look for short entries, or a good chart to watch to buy into GBTC at a discount. RSI suggests GBTC has just began its descent. The ideal place the PA looks to land after the dust settles is around the .618 fib retracement level which coincides with a major support and the convergence of the 50, 100 and 200 simple moving averages.
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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.