BTC, GBTC updates 11/19

After months of side ways price action with lower and lower pops, we finally have the breakdown and are now heading towards the price target zones I’ve had for, well almost a year now.

BTC: All 1.618x a relationships -of 3 different wave degrees (major, intermediate, and minor) point towards $1645-1545, with strong support at $1785. I see no reason to change these long-term targets.


GBTC: Nice retest from below of prior Support and then the classic relapse lower. Long term price target of $3-4 remains (see black, red and green Fib-extensions) and it’s getting close but obviously there’s still ~40% downside left… Thus still not a buy.