Bitcoin Investment Trust (GBTC): Wash Rinse Repeat for Profits!
SUMMARY
Bitcoin Investment Trust (GBTC) was forward split and so the price is currently at $18.60. Regardless, the chart does not change and it gets re-normalized. The below chart shows how price has now corrected in an abc ZigZag pattern. The subwaves of the final C wave shown a bottom has likely been put in. The current price action is expected to bring price to around $38 or so IF this count is correct.
At an Intermediate degree of trend (multi-months...NOT TOMORROW!!), GBTC has completed what looks to be wave 1 and 2. Once wave 2 is complete, wave 3 is next. The time projection variance for wave 3 coudl be +/- 2 to 3 months. However, I believe a sizable correction once again awaits at around the late June/July timeframe. IF so, then profits should be taken to raise cash during the good times.
Legal Disclaimer: 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.
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"IF so, then profits should be taken to raise cash during the good times."
Don't be shy to take some profits. Usually you are suppose to take back your initial investment once you make close to 100% profit and then let it ride. All depends how agressif you are when it comes to investing.
It's good to have some discipline and a plan to follow.
Well said. Greed is often difficult to overcome with discipline.
haejin holds steemit like a chalice, sitting in a palace, making steem money like it aint funny. They say hes a team running the machine that we see on steemit, meanest, but sometimes true, with the charts that come through. I would sit here and make more-of-this, but i think this rap might get re-port-ed. Steemit rapper made a rap for hae-jin. I once got on upvote by-him, not lying. Wonder if thats against team pro-to-col. Otherwise might just end up a vote-for-all.
@Haejin, these are exciting times we live in friend. I cannot thank you enough for what you have taught me!
I wish you MASSIVE profits!
Yes a like
Coins mentioned in post:
Vital information, can I resteem it?.
I have a good sized position at around 11.75. Up about 60% in a little over a week. It's not so easy to get more after tax money into cryptos, so GBTC is a great way to put tax advantaged money(inside of IRA/401K) to work while riding the blockchain revolution. This should be a lot easier to deal with than individual cryptos and a position for trading.
@Haejin Is Stealing In The Next 7 Days:
$ 20,488.06 ( ~ 69,260.10 USD )
( 2.909 % of total reward fund )
https://freephotoupload.com/image/1aVr