Good Morning Gang.
Was watching a few analysts on BNN late yesterday...both speculating a further 12% rise in the S&P 500. Might or might not but does hint us that VIX will drop a bit lower...further dropping our target entry on tvix/uvxy.
Bitcoin is making news again and on BNN. Has breached $5000 most in the past few days from a year low of sub $3300....when I tabled it as bottom and gbtc was under $4. I traded it a few times but did not hold due to noise saying bitcoin going to zero. Today gbtc is at $5.94. Looking at the 1W chart on investing.com BTC resistance is $6300. We missed most of the run here but there is a ton of noise to buy bitcoin atm. This tells me it could easily run back up...maybe not to $20,000 but short term $8000 - $10000...just on momentum. I want to "play" it. Is there a better option than gbtc? A leveraged 2X or 3X? gbtc is ok but looking for something with a more return. Thoughts?
glta.
LongGuy