Checking up on 2 stocks bought on BTC crash day

As BTC/USD crashed, taking Tommy and all the other stupid flashing eyeballs with it… …I added two items, RIOT and GBTC as a speculation during the running of the Bit Bugs (a similar phenomenon to the occasional and often glorious running of the Gold Bugs). It’s just a speculation, just a trade unless of course I change my mind. Smart Bit Bug traders will know … Continue reading Checking up on 2 stocks bought on BTC crash day

Bitcoin is Dead?

Now that this clown has been debunked as a scam promoter… …and this subsequent negative promotion has also run its course… …we can get down to evaluating a settled down Crypto market. Actually, at the request of a subscriber NFTRH has been charting BTC/USD every single week and on occasion GBTC, for many months now. BTC/USD is doing this today in service to an eventual … Continue reading Bitcoin is Dead?

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NFTRH+; BTC/USD & GBTC Pullback Projection

The strenuously overbought Bitcoin (BTC/USD) is finally pulling back from a resistance zone by this weekly chart. The lateral support shelf is shown in green. The vehicle I used previously (on a trade off the bottom) was GBTC (down 9% today), and if I want to re-position it’s what I’ll use again. This daily chart shows a viable pullback range of 7.35 (50% Fib retrace) … Continue reading NFTRH+; BTC/USD & GBTC Pullback Projection

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NFTRH+; Optimal Point to Buy Back GBTC

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 … Continue reading NFTRH+; Optimal Point to Buy Back GBTC

Profit Taken on Another 1/3 of GBTC Position (NFTRH+, Public Post)

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 … Continue reading Profit Taken on Another 1/3 of GBTC Position (NFTRH+, Public Post)

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NFTRH+; One You May Not Have Expected

Back in Q4 2017 I was making posts about the bubble known as Bitcoin, using this scam artist as an example. The bubble soon topped and blew out. Now, where are we at 1-1/4 years later? Using the Bitcoin Trust (GBTC) as an example, we are above the 50 day moving average for the last month and making an attempt at key short-term resistance. Not … Continue reading NFTRH+; One You May Not Have Expected