GBTC Trade on Aug 1, 2019 15:57 from Marius: Tradervue User Stock Trades.

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Marius

 

Trade to go along with BTC (notes being updated). More notes posted in the BTC trade.

GBTC was giving a lead and showing strength and buying earlier in the week. The closes are notable because the market does trade 24 hours. This can show positive trader sentiment. Still waiting for more volume but notable bullish forming weekly to start the month and possible mid-term trend change.

  • RVOL D, 0.68 (1.10 previous day) + notable wick and close

I prefer this set-up on the break out. Looks clearer but missing data.

GBTC D,
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GBTC W,
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GBTC D, added VWAP from ATH's and Fib retracement.. looking similar to the BTC trade we just had and the notes I posted from before. (Just noting at price action is derived from BTC but moves differently due to to not being 24 hours. However vwap is notable because it shows a unique perspective of the buyers and sellers)
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Trade Management
Exited position along with BTC on the gap up and re-assessing a new position. I went with and exit instead of setting a manual stop loss because I will be limited from the computer this morning and I needed to start the month with better performance due to last month's total trading performance. There is also some news with this trust and coinbase. So will be watching closely as possible.

GBTC 2m,
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GBTC 65, planning a re-entry but the 65m time frame is OB (including all timeframes below) and weekly resistance is approaching. Fib 61.8 retrace level is above which was my original target.
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Execution detail:

Date/time Symbol Side Price Position
2019-08-01 15:57:37 GBTC buy $13.990 long
2019-08-02 10:10:28 GBTC sell $14.380 0


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