SUMMARY
I had recommended GBTC at $647 and now it has BUSTED ABOVE the $1,000 mark!!! The higher target of $2,150 remains solid!
Observe how beautifully price adhered to the Ascending Right Triangle Pattern price projection!
Next mileston target will be >$1,672 or so!
Some Technical Analysts incorrectly call Bitcoin Investment Trust (GBTC) trash or a scam. I disagree. An analyst often doesn't realize that such vehement hatred towards a coin or stock often is rooted in psychological or emotional pain perhaps suffered from a significant and aganizing loss experienced with that coin or stock. I say one must have greater emotional maturity to look beyond such failures by learning from it rather than shunning it. They fail to see the gem in such negatively perceived experiences. This is why failures are always better teachers than successes. Alas, not many understand or practice this.
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
Follow me on Twitter for Real Time Alerts!!
--
--
If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
BTS Wallet - haejin1970
BTC Wallet - 1HMFpq4tC7a2acpjD45hCT4WqPNHXcqpof
ETH Wallet - 0x1Ab87962dD59BBfFe33819772C950F0B38554030
LTC Wallet - LecCNCzkt4vjVq2i3bgYiebmr9GbYo6FQf
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.**
Locking in some profits
@haejin you always deliver with your posts - recently bought the book 'Elliott Wave Principle' by Prechter, looking forward to reading it.
Check out the latest episode of Crypto Nights on my blog, would really appreciate getting your thoughts on it!!
Upvoted.
Alex
wow great news forever...thank you for information...@haejin
Hi Haegin, so no correction before $1672? Any other good funds you can recommend for retirement plan so we can hedge it to once GBTC starts to fall?
There wll always be corrections on an uptrend.
Follow my ETF portfolio:
https://steemit.com/bitcoin/@haejin/would-you-like-to-beat-every-hedge-fund-manager-s-performance-here-is-a-method-on-how-the-secret-sauce
This ETF portfolio will make you extremely wealthy! Just posted an update:
https://steemit.com/bitcoin/@haejin/aggressive-etf-portfolio-locks-in-8-6-profit-since-november-3rd-about-47-to-78-profit-projected-in-12-months
DGB Breakout?!
Booyah!
Are you selling or staying in?
Is it reasonable to anticipate GBTC's correction will coincide with the upcoming wave 4 correction of BTC and if so, to what degree? GBTC can be difficult to trade given we can only do it when the OTC market is open. Thanks.
I agree. I have taken my profits and moved to Haejin's EFT aggressive growth strategy.
https://steemit.com/bitcoin/@haejin/aggressive-etf-portfolio-locks-in-8-6-profit-since-november-3rd-about-47-to-78-profit-projected-in-12-months