Grayscale Bitcoin Trust (GBTC)

[Strategyone]

Barami, you may be on to something here. This "bull trap" is making me think it is going up.... In fact, I've been thinking is was going up since around $10k or so. Man, am I off. That whale is going to dump on me soon.


The research I have done on the 2017 run, is that we had 6 pretty substantial pull backs of 30% or greater as it climbed from about $1k to $20k. I'm going to count this last pullback from about $42k to about $30k as the first substantial pull back of this cycle. The next one should be from above $50k. According to charts from the past two "halvings", this cycle should take us up to around $140k before the next cooling off period.

Let's see who's right.