SUMMARY
Bitcoin Investment Trust (GBTC) seems to have placed a much cleaner ABC correction than Bitcoin itself! It was a ZigZag with 5,3,5 subwaves as shown in below chart. The crispness of the correction is quite attractive. The blue impulse motive completed a little earlier than projected and the minor correction seems nearly complete. Eventhough GBTC doesn't trade 24/7; it often does provide "leading" indicatory price and wave signals, ahead of BTC!
Th closeup shows that $13.68 might be a potential target for red wave c of the minor abc. The blue fives show that once wave 5 is completed, the correction could be done and a trend reversal could be expected.
The $13.68 is hitting at the 0.68 Fib level and looks ready to provide an acceptable bottoming zone. What would be interesting is to see GBTC turn up from the 0.68, even if BTC doesn't yet. This is the leading indicatory feature I've seen played out in GBTC.
Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
Follow me on Twitter for Real Time Alerts!!
Follow me on StockTwits for UpDates!!
--
--
doesn't GBTC track BTC price? if btc price falls then it follows?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
@HAEJIN - You Should Watch This Video
I didn't make it. I found it searching "Haejin Video" on BING.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I agree, we have buyers orders at $13, also that's where the 200 EMA on the daily chart will meet price, which should serve as support too.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Useful information
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Very nice post. It's useful for all steemit user
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Go fuck yourself dipshit
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Follow us on Steemit! Feel free to try our arbitrage system at http://arbiswap.com
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
@HAEJIN - You Should Watch This Video
I didn't make it. I found it searching "Haejin Video" on BING.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I can't even find your comment dickwad. They are all grey. Seems like your voice don't matter. Go play with your Barbie's...
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thanks for this post!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
You all must know that it is online currency how we will use it in offline mood?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
very well information all steemit user. it help to us,,,
thanks for shareing...
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Great post
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
It's like a rollercoaster I swear.. Up and down.... and then up again
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
This is critical information. I feel like I got this right on time..
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Same here too
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
very useful information
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
your post very inspired sir
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Whether a financial or entertainment post, it is still wonderful
Beautiful post! @haejin
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Can you do OBITS? Thanks!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I’ve placed it in the que..will do ASAP.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
@HAEJIN - You Should Watch This Video
I didn't make it. I found it searching "Haejin Video" on BING.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Congratulations @haejin, this post is the seventh most rewarded post (based on pending payouts) in the last 12 hours written by a Superhero or Legend account holder (accounts hold greater than 100 Mega Vests). The total number of posts by Superhero and Legend account holders during this period was 45 and the total pending payments to posts in these categories was $3005.73. To see the full list of highest paid posts across all accounts categories, click here.
If you do not wish to receive these messages in future, please reply stop to this comment.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Congratulations, your post received one of the top 10 most powerful upvotes in the last 12 hours. You received an upvote from @ranchorelaxo valued at 171.22 SBD, based on the pending payout at the time the data was extracted.
If you do not wish to receive these messages in future, reply with the word "stop".
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Dear @haejin
You have been flagged via the flag-a-bitch app. The reason is you have been found to be Raping the reward pool with a rate of around 2.133% of the reward fund. To add onto this, your TA's are so horrible that a simple check with a mock portfolio will provide a negative value.
The flag-a-bitch app is being used on you because of your consistent blattant abuse of steemit through means of: abusive self-upvoting, collusive coting groups, and disagreement on rewards. Since we deem that you have been damaging the steem economy, we flag you.
If you would like to help us out with our quest to fight abuse you can check out our post here.
Thank you!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
For all the XVG (Verge) hodlers and lovers! We are in the buy zone to a expected 400% profit, very soon. Read my T.A, feedbacks are appreciated! XVG TO THE MOON!
https://steemit.com/cryptocurrency/@lucasfonseca/xvg-btc-ta-verge-is-forming-an-aggressive-9-perfect-time-to-buy-expect-400-profit
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Please don’t advertise your blog here. Please use other promotion options available on Steemit.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
WARNING - WARNING - WARNING - WARNING - WARNING
This person known on Steemit as @Haejin is WANTED by the SOUTH KOREAN GOVERNMENT for TAX ENVASION!!! They are coming after him. He has been reported to them & they know where he is. If you upvote this person & contribute money to him you could be charged in the matter of the court case. It is best to UNFOLLOW this person now. Do not UPVOTE or TRANSFER any FUNDS to his account. Any money you send to this criminal can be traced back to you.
WARNING - WARNING - WARNING - WARNING - WARNING
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit