Aug. 21 at 7:20 PM
$IBIT $BTC.X
$GBTC $ARKB $BITU -- My response to a question in the Live Trading Room just now: The volume coming in and the clearance of the recent range...plus longer term price action on weekly and monthly charts, suggests this is just the beginning of a significant leg higher. There is R at 82-83 so I expect some cooling off into that level, then maybe a test of that S line. But this really could be one of the major uptrends that take it to new ATH's over the next few months. My plan to is to keep the size small (I sold a few remnant calls from our IBIT trade in the Options Room) today, but still have some BITU shares with a stop at 11.2. Hoping to hold those a while. If stopped out, will look to re-enter on the dip with something longer-term.
