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GBTC - rallied to the target box in a fully completed five wave up structure

GBTC is The Bitcoin Investment Fund.  One share of GBTC represents 1/10 of the price of bitcoin.

I would be very cautious with Bitcoin and GBTC here. It has completed full five waves up off the Feb’19 low. We may expect a large pullback down retracing 50%-61.8% of that whole rally. 

GBTC - 45 min chart updated on 26 June 2019

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