GBTC (Bitcoin Trust) has effectively hit my 2nd price target in the pre-market session (always cover shorts just above the actual support level). While the odds for a reaction on the initial tag of T2 are elevated, I’ve added a 3rd price target around the 24.13 support & I’m still open to the potential for a move down to the 17 area. The chart posted back on Feb 22nd, highlighting the sell signal is posted below followed by the updated chart showing today’s pre-market session trades with the white candlestick.
GBTC daily Feb 22nd
GBTC daily May 19th