So I've been spending a lot more time preparing for the week ahead in equities by charting local support and resistance levels. I mainly swing vertical spreads once I confidently identify resistance levels and other strong TA reassurance for a strong move upward (hence call options on ROKU last week). But what about GBTC? Overall I'm bullish for fundamental reasons. I normally don't take fundamentals into account when entering swings, but what we face as a society in regards to the significance of fiat money and money supply cannot be ignored.
So, technically we have a rising support dating back to April 2017 and heavy resistance that started late that year as well. https://www.tradingview.com/x/5AAyWSdw/ With major support just under the $8.80 gap around $8.00 I will be looking to add here and keep reserve funds to buy in if that support level breaks.https://www.tradingview.com/x/xO39HPVU/
Ultimately I think we fill the gap at $7.50 and possibly $6.77 (very last support near $6.00) if the major support level breaks and head into a new bullish trend after much consolidation for the next 2-10 years near the end of 2020 into 2021. Once we touch these levels we will never see them ever again. There is no other investment that I am more bullish on. Get a Roth IRA account and load up!
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.