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RE: Another Bitcoin Drop Setting Up

in #bitcoin6 years ago

Hi
What price $ are we looking at for wave C ?
Do you also trade GBTC if yes can you give some insight ?
I noticed that BTC moves pretty much in the same direction as GBTC but GBTC moves sooner so I guess that looking at GBTC gives some time to react and to take position . Do you agree with my opinion ?

Thanks for the great work much appreciated.

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One of my subscribers swears by GBTC timing, but I don't follow close enough to concur or disagree. Last i looked at GBTC I was looking at the $6's for a bottom. For C of BTC, $5700-5600 is what I have using standard projections but BTC often extends in its fifth, and so can beat my estimates lower. Also, I have a large fib of high importance at $4700. I can't see a projection that far, but it warns that if we don't hit it now, we get a large B wave, maybe to $12K-15K and come back to $4700. Those bigs often matter a lot.