SUMMARY
Back two months ago, I had strongly recommended Bitcoin Investment Trust (GBTC) when it was $684 with a target of $2,150 and that has been WELL EXCEEDED at current price of $3,463...that makes it a 434% WHOPPING PROFIT!! WHICH MUTUAL FUND/HEDGE FUND MAKES 434% in 2 months???? The below chart was used in the original analysis:
I've now updated the analysis to include a longer term perspective. The blue wave 5 target is set at around $8,062. Once the blue wave 1 completes and it could be much higher than currently positioned at around $3,794 as when anything goes vertical, predictability falls; there will be a wave 2 correction. Thereafter, waves 3,4 and 5 should make orgasmic lunges upward to hit $8,062.
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
Follow me on Twitter for Real Time Alerts!!
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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.**