GBTC Grayscale Bitcoin Trust

$GBTC pre-xmas sale...buy the dip..easy money. remember the FUD around mt.gox hack and how bitcoin went onwards and upwards 10x after.

$GBTC NOV20 65C · still actionable Zone: $62.22 to $63.10 Invalidation: close under $61.55 Objectives: $65, then $67.38 The math: up 3.7% to the first objective and 7.5% to the second, against 1.8% risk on the invalidation, better than 4 to 1 to the second. This is a swing setup, and it is a quiet one. Bitcoin funds saw a heavy wave of selling on Thursday, then on Friday GBTC held its ground near $62.50 instead of sliding further. Think of it like a friend who took a hard punch, stayed on his feet, and is now catching his breath near a floor he has defended before. If buyers return, the first place to watch is $65, where it traded earlier in the week, and then $67.38, the high from the last month. P.S. Watch whether GBTC holds above $62.50 when trading resumes on Monday.

$GBTC NOV20 65C · actionable here Zone: $62.22 to $63.10 Invalidation: close under $61.55 Objectives: $65, then $67.38 The math: up 3.7% to the first objective and 7.5% to the second, against 1.8% risk on the invalidation, better than 2 to 1 to the first and better than 4 to 1 to the second. Dear friend, this is a swing, and picture a shop that kept its doors open while the whole street emptied out. Bitcoin funds watched 635 million dollars walk out the door in a single day, yet this fund closed Friday at 62.66, only a quarter of a percent lower, sitting right above the 61.55 floor where buyers stepped in before. The November 20 call gives that floor room to hold and a path back toward 65 and then 67.38, and a close under 61.55 says the sellers finally broke through. P.S. Watch the Friday low. A slip under it points straight at the 61.55 floor.

$GBTC NOV20 65C · still actionable Zone: $62.26 to $63.14 Invalidation: close under $61.57 Objectives: $64.70, then $67.38 The math: up 3.2% to the first objective and 7.5% to the second, against 1.8% risk on the invalidation, better than 4 to 1 to the second This is a swing built on a simple picture. Price slid hard today with Bitcoin, yet it is still holding above the 61.57 low from last week, ground buyers defended before the climb toward 65.54. What that means is the washout has not broken the floor, and a hold here leaves room to move back toward levels sellers already know are overhead. P.S. Watch the low at 62.37 today. If buyers keep defending it while Bitcoin steadies, that quiet hold is the first sign this bounce can grow legs.

$GBTC have faith trust the system. nothing stops this train. parabolic will come. bear trap will form.