As a follow-up to the previous post, GBTC (Bitcoin Trust) has now hit T3 for a 54% gain from the Feb 22nd sell signal. With a reaction off that support level likely, GBTC offers an objective long entry with stops somewhat below as does ETCG (Ethereum) which also just hit support( price target) today.
My minimum price target is a bounce back to the former T2 level around 28.15, which is now resistance. Stops should be commensurate with one’s preferred price target(s), ideally using a 3:1 or better R/R. Previous & updated daily charts below starting with the sell signal back in February which came the very day after Bitcoin peaked.
GBTC daily Feb 22nd
GBTC daily May 19th
GBTC daily June 22nd
GBTC daily 2 June 22nd