GBTC-5-31-19

GBTC - topped into my Red Target Box

In my last update posted on 29 May 2019 I wrote: ” you can see that GBTC is approaching the Red Target box. I have a strong confluence of extensions in the area from 12.05 to 12.70. This where wave 3 up may top. Off that top we may get a pullback to 9.74 – 9.08 in a corrective wave 4 down.” Back then GBTC traded at 11.64. 

GBTC - 45 min chart updated on 29 May 2019

On the updated chart below you can see that GBTC spiked into the Red Target box and dropped. It topped at 12.58. 

I would be waiting for a corrective a-b-c down in wave 4 down that could push down prices to 9.74 – 9.08 to go long for another rally in wave 5 up.

GBTC - 45 min chart updated on 31 May 2019

Start to Learn Now!

Subscribe to my video course
and learn to predict market moves

YouTube Channel

Subscribe to my
YouTube channel

Check My Latest Updates!

Check out
the recent updates

Login