GBTC could be getting ready to make another run to $1K.
Falling wedge and current trend developed over last few days suggest we're heading for a breakout.
The real hangup is the premium associated with GBTC. It traded as high as 130% when GBTC made a run to $1050 and collapsed as low as 20% a few days ago.
Currently trading at 30-31% premium.
GBTC and MGTI - both stocks about to breakout. The signs for a substantial breakout in MGTI are overwhelming - we have a giant cup+handle formation that's been building over 14 months. The handle should complete and break out within the next week; quite possibly within the next 2 trading days.
Falling wedge and current trend developed over last few days suggest we're heading for a breakout.
The real hangup is the premium associated with GBTC. It traded as high as 130% when GBTC made a run to $1050 and collapsed as low as 20% a few days ago.
Currently trading at 30-31% premium.
GBTC and MGTI - both stocks about to breakout. The signs for a substantial breakout in MGTI are overwhelming - we have a giant cup+handle formation that's been building over 14 months. The handle should complete and break out within the next week; quite possibly within the next 2 trading days.