SUMMARY
Bitcoin Investment Trust (GBTC) is a fine instrument to follow the Bitcoin (BTC) trajectory. I'd rather use this than any other pitch out there that sells a service of IRA Bitcoin with huge commissions! As much as 10%...NUTS!
The below chart shows a very strong support line that held solid. I've drawn out the Elliott Waves of which 1 and 2 (white) are complete. IF wave 3 has already started....oh my God, watch out; GBTC will fly like an eagle! If this is held at 1% to 10% of an IRA portfolio until the year 2025 or so...it could translate to MASSIVE wealth!
When taking a longer term perspective of Bitcoin Investment Trust (GBTC), the below chart tells quite a bit. First, the broadening pattern is pretty uncanny. Second, the Elliott Waves thus far jives quite well with the pattern. The first impulse (white); correction (red) and the projected blue rise towards the top trendline. Can you say the Jaws of Wealth?!!
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Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
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Tutorial on the use of Fibonacci & Elliott Waves
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The trend is up which is good but I'll wait for the dip. I'm pretty sure it will come :)
Hello.
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Great post @haejin, cryptocurrency is the future of wealth.
Dear sir @haejin. Bitcoin is a cryptocurrency and worldwide payment system .We can earn money there . Thanks for the news sir.. Great post. keep going sir.
Thanks for the update! @haejin
NICE POST
Very interesting that post
Wish these posts were more useful than as toilet paper. Id like this to be true, but as with all @haejin, this is a simple case of Crosbying the rewards pool.
Well said.