BTC, GBTC, NYXBT updates 11/26

BTC: Currently price is IMHO at temporary support from which a small bounce should materialize, maybe even to retest broken support from below before the next leg lower happens to the ideal target zone.


NYXBT: The index is closing in on first support. Its MACD broke support, but the RSI5 is showing signs of possible positive divergence (dotted arrow). As said for BTC, a bounce to broken support for a retest and failure is now the most likely scenario, but given that this is a bear market (see annotations), I don’t expect too much from bounces other than to alleviate oversold conditions.


GBTC: Well on its way to my long-held target zone of $3-$3.5. Remember that $0 is the ultimate floor, so set stops prudently.