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