GBTC (Bitcoin Investment Trust) Longer Term Target $3,518 or higher; 102% PROFIT SO FAR!! Check out this analysis!
SUMMARY
I had recommended GBTC back when it was $647 because I traced out the extremely bullish ascending right triangle pattern. Today it closed at $1,329...that is 102% PROFIT!!
I hope many profited from GBTC and there is much more to go. We are just starting to see the vertical, parabolic phase.
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Laddering and Buy/Sell Setups.
Tutorial on the use of Fibonacci & Elliott Waves
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
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If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
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Legal Mumbo Jumbo: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.**
From this place no analyzes can be
found.
What do you mean?
where do you buy GBTC
Don't worry got it figured it out, thnx
Ameritrade
Hi Haejin! Thanks for your posts, if you have time can you take a look at Groestlcoin (GRS)
Thanks!
very good job👍👍bro
How do you think GBTC will correct when BTC has its ~10K correction?
$3518? I hope there is a chance for me to get in from a pullback before it zoom to $3000 level.
when bitcoin gonna health corruption, don't you think all the altcoin price will goes down tonight?
Does your target also imply roughly a $35K BTC?
Haejin, Could you please do refresher TA of CVC all alts are moving except CVC. Thanks
How did I not know that this existed? Thanks again to Haejin.
Some additional news from the GBTC website (Grayscale):
Bitcoin Investment Trust Announces Record Date for Distribution of Bitcoin Gold
NEW YORK, Nov. 22, 2017 /PRNewswire/ -- Grayscale Investments, LLC, the sponsor (the "Sponsor") of the Bitcoin Investment Trust (OTCQX: GBTC) (the "Trust"), announced that it has today declared a distribution and established a record date for the distribution of a portion of the rights to Bitcoin Gold tokens currently held by the Trust as a result of the fork in the Bitcoin blockchain on October 24, 2017 to shareholders of record ("Record Date Shareholders") as of the close of business on December 4, 2017 (the "Record Date").
https://grayscale.co/bitcoin-investment-trust/#resources