Eons ago I read a quote from Warren Buffett talking about how he did not invest in tech because he did not understand it and he does not invest in things he does not understand. Well, I don’t invest in things I don’t understand either, but I do trade them and thus I’ve taken another 1/3 off the table for 40%+ gain on NFTRH+ idea GBTC (original NFTRH+ post here and follow up here after taking profit on the 1st 1/3).
Today we doink the SMA 200, which coincides with some lateral resistance and so it seems like a good place for someone who cares not at all (and knows not much more) about Bitcoin to take more profits. A gap fill to 5 might be too much to ask for, but it would be a 2nd chance to buy for all you true believer Bitkids out there.
Subscribe to NFTRH Premium (monthly at USD $33.50 or a 14% discounted yearly at USD $345.00) for an in-depth weekly market report, interim market updates and NFTRH+ chart and trade setup ideas.
You can also keep up to date with actionable public content at NFTRH.com by using the email form on the right sidebar and get even more by joining our free eLetter. Follow via Twitter @BiiwiiNFTRH, StockTwits or RSS.