GBTC - Confirming BTC Bullish Reversal Incoming
GBTC confirming BTC chart bullish reversal coming soon.
RSI is low, almost at 30 where it always pops shortly thereafter.
Fisher Transform ready to flip, same as BTC chart.
Filter Dots show bearish trend is exhausted and ready to flip bullish, same as BTC chart.
Gaps
Only down gap to fill (red box) is cut off by log support line which has over 20 points of contact.
Either we hold log support or go roughly 30% below support to close the gap. I feel this is highly unlikely, especially pre-halving.
All yellow boxes are up gaps to fill, implying we go up from here.
Price
Price is chillin on flat support of wedge.
Additional angled support/resistance combo line adds to support.
Cup and handle is rough here, not mathematically precise with handle at .618. But still fits the wedge, price, and pattern.
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, VIXY.
Short SPY and AAPL.
RSI is low, almost at 30 where it always pops shortly thereafter.
Fisher Transform ready to flip, same as BTC chart.
Filter Dots show bearish trend is exhausted and ready to flip bullish, same as BTC chart.
Gaps
Only down gap to fill (red box) is cut off by log support line which has over 20 points of contact.
Either we hold log support or go roughly 30% below support to close the gap. I feel this is highly unlikely, especially pre-halving.
All yellow boxes are up gaps to fill, implying we go up from here.
Price
Price is chillin on flat support of wedge.
Additional angled support/resistance combo line adds to support.
Cup and handle is rough here, not mathematically precise with handle at .618. But still fits the wedge, price, and pattern.
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, VIXY.
Short SPY and AAPL.
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