As you know I often hold stocks for different reasons despite negative short-term views. GBTC was not one of those stocks. It was a successful (NFTRH+) trade and now it is doing the right thing from a trader’s perspective by pulling back from the 200 day average.
The preferred although perhaps all too logical re-buy area is where a gap fills at the convergence of the now gently rising SMA 50 and lateral support. In other words, 5 or thereabouts.
A reminder that chart based NFTRH+ updates are technical trade setup ideas, which may not be revisited as the technical parameters are already noted. These updates are meant as a starting point for your further research if interested. I will not personally buy every item highlighted and will sometimes sell (ref. Trade Log) any item that I do buy below target (assuming I’ve not stopped out or sold for some other reason) as I often do. Also please be aware that I am not a fundamental stock analyst. Due diligence is your responsibility.