💾 Grayscale Bitcoin Trust Ultra Bullish

٢٨ يونيو ٢٠٢٣

We have many signals on this chart that are pointing t o a bull market for this stock, GBTC.

The first which is drawn on the chart is a bottom pattern/formation.

You can see the similarities to 2020.

The second and most important signal is the fact that a volume breakout occurred last week and produced the highest volume since Nov. 2022 when the market bottom was hit.

This is happening above EMA50 and works as bullish confirmation.

The RSI is super strong.

We have gaps on the way down, that must be filled on the way up. Some of these are only seen on the daily timeframe, but I marked then here for your convenience.

We can see some bullish momentum then a correction that leads to consolidation and a retest of EMA50. Then EMA50 is established as support and we get a full blown bull-market in 2024 and peak 2025.

Namaste.