GBTC-5-24-19

GBTC - my bullish call delivered 21% in seven days!

My update posted on 17 May 2019 was called: “GBTC – this pullback looks like a buying opportunity”.

This is what I wrote: “The structure of the rally in GBTC does not look complete. Moreover, even to complete the strongest part of the rally in wave C of 3 GBTC needs to rally in wave ( v ) of C of 3 to another higher high targeting 12.70 – 13.20.”

Back then GBTC traded at 8.80. This morning, seven days after that bullish call, it is traded at 10.60. Price wnt up by 21% in seven days.

GBTC - 45 min chart updated on 17 May 2019

On the updated chart below you can see the next target for this rally in the neighborhood of 12.05 – 13.05.

GBTC - 45 min chart updated on 24 May 2019

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