SUMMARY
Bitcoin Investment Trust (GBTC) seems to have placed a much cleaner ABC correction than Bitcoin itself! It was a ZigZag with 5,3,5 subwaves as shown in below chart. The crispness of the correction is quite attractive. The blue impulse motive completed a little earlier than projected and the minor correction seems nearly complete. Eventhough GBTC doesn't trade 24/7; it often does provide "leading" indicatory price and wave signals, ahead of BTC!
Th closeup shows that $13.68 might be a potential target for red wave c of the minor abc. The blue fives show that once wave 5 is completed, the correction could be done and a trend reversal could be expected.
The $13.68 is hitting at the 0.68 Fib level and looks ready to provide an acceptable bottoming zone. What would be interesting is to see GBTC turn up from the 0.68, even if BTC doesn't yet. This is the leading indicatory feature I've seen played out in GBTC.
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doesn't GBTC track BTC price? if btc price falls then it follows?
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I agree, we have buyers orders at $13, also that's where the 200 EMA on the daily chart will meet price, which should serve as support too.
Useful information
Very nice post. It's useful for all steemit user
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Yapping like a yorkshire terrier!
Write a post of your own instead of fouling on others work!!!
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@HAEJIN - You Should Watch This Video
I didn't make it. I found it searching "Haejin Video" on BING.
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Explains your retarded comment in first place!
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Thanks for this post!
You all must know that it is online currency how we will use it in offline mood?
very useful information
Whether a financial or entertainment post, it is still wonderful
Beautiful post! @haejin
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thanks for shareing...
Great post
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It's like a rollercoaster I swear.. Up and down.... and then up again
This is critical information. I feel like I got this right on time..
Same here too
your post very inspired sir
Can you do OBITS? Thanks!
I’ve placed it in the que..will do ASAP.
@HAEJIN - You Should Watch This Video
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Wow beautiful
i like this post.