As I've been pointing out over the last week, this channel finally broke down and this chart looks horrible....I wouldn't be long without a very tight stop imo...
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i got gbtc when it was 600.00 last year.
it has definatly been a blessing..
now I'm scared of it and sold last month.
please get out of the markets, I belive there will be a severe correction because of a fake pump of $ due to tether pump.......
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I use stop losses, never let fear and greed run your trading plan....people have been calling a crash for the last 8 years...put it this way, there's no other place for money managers to get returns, we can talk once the fed funds rate gets over 3.5% until then money will continue to flow into equities and any pullback or even correction of 10% or more is a gift....
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