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Non-Tech : GBTC: Bitcoin Investment Trust (Not an ETF) OTC:QX
GBTC 11.17+5.3%Sep 24 4:00 PM EDT

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From: inthemoneystock6/26/2018 1:45:38 PM
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This Is Where Smart Money Expects To Buy Bitcoin Investment Trust $GBTC

The ETN Bitcoin Investment Trust (GBTC) have been a favorite of investors as an alternative to buying actual Bitcoin. However, there has been a massive bear market in Bitcoin since the GBTC topped out near $40. Currently trading at $9.40, investors are wondering if the lows are nearly in. The answer is 'NO'. In fact, GBTC just broke below a major support level stretching back to early 2018. This breakdown will yield another major wave of selling, taking GBTC to nearly $5/share. Once there, investors should begin to accumulate. When $GBTC is nearing $5, be ready to hear the panicking, fearful investor and media talking head. This should be taken as a positive and a contrarian indicator.

Gareth Soloway

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