This is Bitcoin's daily chart.  It follows some highly predictable patterns of technical support and resistance based not only on the chart pattern itself, but also whole numbers (3000, 4100, 5000).  As I write this, bitcoin is consolidating above a key support/resistance level of 4100, with a high likelihood of continuing upward and retesting the all time high of 5000.  The most commonly traded bitcoin stocks during sector momentum include $BTSC $BTCS $BITCF $MGTI $GBTC.  The recent spikes by $BTCS $BTSC $BITCF have overextended and beaten down their daily charts to the point that they no longer are able to keep up with bitcoin upward momentum in perfect sympathy.  However, $MGTI $GBTC still maintain chart patterns identical to bitcoin.

 

I have a small swing position in $MGTI at 2.57 that I plan to sell in the morning because as you can see it's spiking a bit early compared to the bitcoin chart.

 

The beautiful thing about this sympathy is that bitcoin trades 24/7.  So, when bitcoin surges after hours or over the weekend, these 2 stocks have to catch up by spiking in the morning.

Watch $MGTI $GBTC any morning that bitcoin has experienced after hours volatility and there is a very good chance they will follow.  I think there is very good chance we will see this pattern within the next few days.  I plan on using this pattern to play morning spikes, and for swing trading based on bitcoin technical support and resistance.  Please do your own due dilligence and research before trying this.  Like any trading method there are no guarantees, and you have to respect risk and reward.