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**SUMMARY**

Many have called GBTC (Bitcoin Investment Trust) trash and a scam! So many hate this stock. That is one primary reason why I recommended it at $648! Elliott Waves and Chart Patterns provide a powerful profit generating system! The below chart is that of GBTC which is traded in the equity market. Each share tracks 1/10 of a Bitcoin's value and yes, there is a consistent premium. So what? It doesn't hold back its ability to give you MASSIVE profits!

The below chart shows the current profit from teh original $648 recommended [BUY blog post !](https://steemit.com/bitcoin/@haejin/gbtc-bitcoin-investment-trust-high-impact-trade-buy-usd684-usd648-stop-usd614-target-usd-1400-profit-potential-116).  IF Bitcoin (BTC) sustains the uptrend and tags the $7,712 target as noted in the  [BTC Morning Update!](https://steemit.com/bitcoin/@haejin/btc-morning-update-treking-towards-usd7-712-then-a-correction-check-out-this-blog-for-more-analysis); the Monday's opening price for GBTC should be a sizable gap and quite probably put in the wave 3 target of $1,139. This would represent a whopping 75% PROFIT!

![](https://steemitimages.com/DQmTHdfVxLCzoVLyX2RSRwMz2eagph7VsNNe4UN57qmUZEU/image.png)

Here is a blue micro Elliott Wave count depicts an extended 5th wave to carry price to the white wave (3). The purple waves are subwaves of wave 5. While this could certainly morph into a different color resulting in a different final count, the destination would still remain the same. That's the important thing..how to arrive at the destination via Technical Analysis...NOT the accuracy or more correctness of the count.
![](https://steemitimages.com/DQmSZaTFkRkMkeDL93eVLDUiGt8jy1qC4VuiUkMFtGQYeRL/image.png)




Please review these Tutorials on [Laddering!](https://steemit.com/bitcoin/@haejin/an-effective-buying-and-selling-strategy-laddering-a-tutorial-on-to-cast-a-ladder) and [Buy/Sell Setups!](https://steemit.com/bitcoin/@haejin/when-to-buy-and-sell-using-elliott-waves-a-tutorial)
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If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
BTS Wallet - d2e60e9856c36f34
BTC Wallet - 15ugC4U4k3qsxEXT5YF7ukz3pjtnw2im8B
ETH Wallet - 0x1Ab87962dD59BBfFe33819772C950F0B38554030
LTC Wallet - LefeWrQXumis3MzrsvxHWzpNBAAFDQbB66


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**Legal Mumbo Jumbo**: 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.** </center>