$GBTC Double bottom?

28 Şub 2022

GBTC seems to be putting in a double bottom here on the 10D as it backtests the highs from 2018. Even an .886 would be nearing a 2x. A 1.618 extension would give you a nice Bearish Deep crab and the 2.0 extension would be the 100% measured move of the double bottom here. If we were to assume theres a chance GBTC can possible 3x from here on a macro basis, one could assume Bitcoin could be setting up for a substantial rally, confluent with my previous analysis.