Ibit bullish supply zoneI think here ibit its very bullish from here but also its too much risky anyway this with Hong Kong etf maybe can force the market price to go up
Key stats
About ISHARES BITCOIN TR
Expense ratio
0.12%
Home page
Inception date
Jan 5, 2024
IBIT aims to track the spot price of Bitcoin, less expenses and liabilities. It intends to provide accessibility to Bitcoin without the complexities of acquiring, holding, and trading directly through a digital asset platform. The trust is backed by Bitcoin held in cold storage, which is a safeguarding method by which the private keys corresponding to the trusts Bitcoins are generated and stored in an offline manner, making them more resistant to hacking. Holdings are valued daily based on the CF Benchmarks Index. This serves as a once-a-day benchmark rate of Bitcoins USD price, calculated as of 4:00 pm ET. The index aggregates the trade flow of several Bitcoin platforms during an observation window, focusing on relevant transactions, as defined by the index provider. At the time of launch, the Issuer waived a portion of the fee. The funds expense ratio and tracking should be reviewed and considered for comparison purposes.
Classification
What's in the fund
Exposure type
Cash
Bonds, Cash & Other100.00%
Cash100.00%
👀WATCHLIST: WED 03APR24Here is my watchlist of stocks I am adding today:
NASDAQ:APPF
NASDAQ:GIFI
NASDAQ:IBIT
MARKET GAUGE: 🟠CAUTION
I have been talking about softness in the market. However, if stocks are breaking out of good positions will entertain.
$IBIT April 3, 2024.NASDAQ:IBIT April 3, 2024.
For the rise from 28.91 to 41.99 NASDAQ:IBIT has taken support around 36.8 levels.
This is about 38.2% retracement for the rise and also 200 average support in 60 minute time frame.
Being a moving average follower I find 50,100 and 200 are all mixed up above 9 and 21
BTC next big move (trade IBIT)Hold zone 39.00 without more downside move - very good pattern for new ATH, but need Plan B - 0.5 Fib zone under like second try to put size. Let see
$IBIT March 26, 2024NASDAQ:IBIT March 26, 2024
60 Minutes
As expected 35 levels were held.
For the rise from 28.91 to 41.99 35 levels represented about 50% retracement value.
Now formed HL at 35.71 which becomes an important number to hold for the current uptrend.
Consider the fall from 41.99 to 35.41. NASDAQ:IB
$IBIT March 21, 2024NASDAQ:IBIT March 21, 2024
15 Minutes.
For the rise from 28 to 41.99 levels NASDAQ:IBIT retraced 50%.
The LL at 35.41 made on Wednesday had oscillator divergence.
We have 39.4 levels as 200 averages. That should provide resistance for the current move.
That level is also 61.8 % retracement f
$IBIT March 18, 2024NASDAQ:IBIT March 18, 2024
60 Minutes
Looks like HL, HH pattern is broken.
Also NASDAQ:IBIT too far from moving averages.
At the moment below 9,21 and 50 averages in 60 minute time frame.
I will consider 3 moves.
The rise from 28.91 to 41.99.
The rise from 34.03 to 41.99
The fall from 41.99
$IBT March 15, 2024LSE:IBT March 15, 2024.
15 Minutes.
NASDAQ:IBIT retraced back to 200 averages in 15 minutes time frame.
For the rise from 34.03 to 41.99 NASDAQ:IBIT has retraced to 38.2 levels.
And for the rise from 37.77 to 41.99 it had retraced more than 61.8%.
So holding 39 resistance can be expected
$IBIT March 13, 2024NASDAQ:IBIT March 13, 2024
15 Minutes
The gap was filled yesterday.
If we consider the rise from 37.77 to 41.8 then NASDAQ:IBIT retraced 61.8% of the move.
And for the fall 41.8 to 39.21, it has again retraced 61.8 of the fall.
For the day considering the last rise from 39.21 to 40.94 NASDAQ
$IBIT March 12, 2024NASDAQ:IBIT March 12, 2024
Closed longs at 41.5 levels.
it was approximately 1.618 extension for the move from 37.77 to 39.37 to 39.02.
So far NASDAQ:IBIT consolidates or retraces to 50 averages.
So for the rise from 39.02 to 41.62, I expect a retrace today to 40.6 levels.
I have a next targe
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