GBTC is The Bitcoin Investment Fund. One share of GBTC represents 1/10 of the price of bitcoin.
At 10.50 AM on June 12th, 2019 I posted a pointed attention of my subscribers of the Premium Chat to a great looking LONG setup in GBTC. Back then I wrote: “Good long setup in GBTC with a tight stop.”. Back then GBTC traded at 10.08. The target for that expected rally was set at 11.20. The potential reward exceeded risk by 4 times.
This morning, just 48 hours later GBTC arrived at the target and topped at 11.20 delivering 10% quick gain on this trade:
I keep a long term bullish view on GBTC. But it may need to make a pullback in wave ( b ) down. We will keep watching for a new long setup!