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Bitcoin and GBTC vs. SPY: Is the Market’s ‘New Tech’ the Next Big Leading Indicator?

by | Jan 17, 2025

The simple pattern that’s won 24 straight trades, returning an average 28% — LIVE AT 2 PM ET!

I like what I’m seeing in the premarket, especially among tech stocks. Bitcoin is also breaking out, up over 2.6% in the Grayscale Bitcoin Trust ETF (GBTC) this morning. And there’s something I’m starting to notice…

GBTC and the S&P 500 ETF (SPY) are doing almost exactly the same thing, mimicking each other at what looks like a 90% correlation.

Why am I feeling especially bullish today?

Because I’m starting to suspect that Bitcoin is leading the Tech sector. Now, I can’t prove it yet…

But GBTC just broke out of a channel, and SPY is just now starting to do the same. I could be completely wrong. It’s just a theory I have and I’ll tell you why…

Back when internet stocks were all the rage, they also led technology. Bitcoin is considered the “newest tech,” and that tends to lead traditional tech.

GBTC still has a level it needs to break through before it becomes a buy, but I like what I’m seeing right now. And that’s not all I like this morning…

I’ll cover all that, my daily hitlist of longs and shorts and more in this morning’s “Premarket Must Watch” video!

Roger Scott
Roger Scott Trading

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P.S. See the Simple Pattern That’s Won 24 Straight Trades, Returning an Average 28%

You don’t want to miss out on a mind-blowing simple way to spot what could be big winners that nobody is talking about.

It’s called the A-Line Pattern, and I’m revealing the details for you today at 2 p.m. ET. It all starts with this pink indicator you see here on this chart…

All we have to do is wait for the daily candle to close below the indicator.

Then open a specific trade… and then sit back and wait for what could be the next big win.

Just like the 24 wins the A-Line has provided in a row with an average of 28.08% return.

And right now, I’m taking a look at what I believe will be our 25th win.

I cannot promise future gains or protect against losses, but you don’t want to miss out if the A-Line pays out again.

Join Me Here at 2 PM ET!

The profits and performance shown are not typical, we make no future earnings claims, and you may lose money. From 2/25/20 through 1/16/25, the average win rate on live published trade alerts is 77.14%. The average weighted rate of return on options trades was 10.78% over an 11 day average hold time.

WRITTEN BY<br>Roger Scott

WRITTEN BY
Roger Scott

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