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GBTC: Premium is now significantly lower...market bottom spotted

1 184
Good chance to buy this fund for BTC exposure for those holding cash in equities accounts. I'd sell other stocks and buy into this one. A potential pair trade would be to short JPM and long this and MGTI for some nice returns in the next 3 months.

Best of luck,

Ivan Labrie.
Trade closed manually
snapshot

Good spot to bank this trade. At least set alerts to exit if dropping below the open.
IvanLabrie
Also on:
Beyond Technical AnalysisBitcoin (Cryptocurrency)BTCUSDChart PatternsGBTCkeyhiddenlevelsrgmovtimeatmodeTrend Analysis

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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Beyond Technical AnalysisBitcoin (Cryptocurrency)BTCUSDChart PatternsGBTCkeyhiddenlevelsrgmovtimeatmodeTrend Analysis
IvanLabrie
Also on:

Related publications

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.