We got our bounce. Still not quite to our 42k target but I will not waste any time taking profit when I can. I took half off on this BTC trade and raised my stops to break even. We’ll see if we can still hit that 42k target with the rest.
Technical summary:
As stated previously, we have strong support below and I do expect Grayscale’s selling to dwindle. That being said, I don’t think the selling is quite over yet. So, BTC may range for a few weeks between our supports below and 42-43k above. That is a good range that we can trade. Look for more entries on Bitcoin from be moving forward.