The GBTC (Bitcoin Trust) Active Long Swing Trade has just hit the first price target, T1 at 10.46, for a quick 18.9% profit since the entry just 7 trading sessions ago. In fact, those gain basically came today after GBTC exploded higher immediately following the breakout above the 60-minute bullish falling wedge pattern (which was pointed out earlier today, as a second objective long entry). Consider booking partial or full profits and/or raising your stops if holding out for T2. Previous & updated 60-minute charts below.

GBTC 60m 2 Oct 25th

GBTC 60m 2 Oct 25th

Today’s explosive move in GBTC is one of the reasons why I love trading rising & falling wedge patterns, as they often act like a coiled spring, with a stock building energy that is often released once the security breaks above or below the wedge.