GBTC just issued an undercut & rally entry signal using the low of the day 10.45 which is as your selling guide. You could also use 10.30 which is the 200-dma as your selling guide.
Given history and elections around the corner, expect the Fed to issue stimulus into the markets sooner than later. If history is any guide, expect the stock market, gold, and bitcoin to find their floors. Look for undercut & rally situations in instruments such as GBTC (Grayscale Bitcoin ETN), gold and silver ETFs, and leading stocks (AMZN, AAPL, FB, etc).
Undercut & Rally - GBTC 9-24-20
|Published:||24 Sep 2020 11:50 ET|
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