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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