Grayscale Bitcoin Trust (GBTC)

[mact3333]

As my previous posts have stated, we would see dead cat bounce to 15000-16000ish level which we already got.


We are at very critical levels right now on BTC....anyone who is saying this is just routine selloff is delusional...we sold off 42% in like 3 days last week...previous selloffs in 2017 were 30%ish at most.

The 12500 level is very important cause if we dont hold that level we will retest the lows near 11200 and if this level doesnt hold the bull mkt on BTC is broken and were testing 8000...and GBTC will follow.

I am long GTBC right now at 1250 and 1700 and will trade GBTC based on BTC charts and critical levels.

Gotta trade what you see....I have seen 10 bagger comes and go dozens of times and this is no different.

The reason there are narrow minded pumpers on every board like this is due to fear and lack of confidence...its tough to hold a stock that moves 25% a day so they have to develop psychological tools to handle the stress and act is they believe with 100% conviction....just mind tricks.

What I would like to see on GBTC is the see the volatility go down and trade within a range of say 14000-18000 over a few week span...then Id feel confident that the rally will commence again but this would only hold true if BTC can hold the critical levels I spoke of above....GL to everyone.