A good risk reward ratio for shorting the BITB ETFOnce the price action returns back to the bullish trend line, then this trade is stopped out else we have two targets to look at, a pretty good risk reward ratio.......
Key stats
About Bitwise Bitcoin ETF
Home page
Inception date
Jan 11, 2024
Structure
Grantor Trust
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
39.60%
Primary advisor
Bitwise Investment Advisers LLC
Established in 2016 and based in San Francisco, CA, Bitwise Asset Management is among the prominent crypto index fund managers in the United States. Through its Bitcoin fund, it allows traders and investors to engage in the Bitcoin market, addressing logistical barriers like exchange access, custody, and execution costs. The fund issues shares in blocks of 10,000 through which it buys and sells Bitcoin held by the Bitcoin Custodian in a segregated account.
Classification
Symbol
Geography
Global
BTC Bullish or Bearish? AMEX:BITB
Using an AI Super Trend Indicator, on 1hr intervals, the output showed a moderate strength (3) buy signal. Understanding the high volatility and increased levels of trade volume of BTC ETFs as of late, I am now grappling with the idea that we can expect a bull market for the coin. En
Speculative Long into BITB ETFI saw a window of opportunity yesterday night and took a small position to went LONG into BITB ETF. You can read more about this ETF here
So you pay zero expense fee for the first six months which is nice. Let's see how it performs in June/July 2024.
A good read comparing the different Bitcoi
$BITB Bitcoin Spot ETF Performance After Jan 11 Debut- Selloff to start the trading day
- Potential reversal forming around $25.57 with wicks below
- Low trading volume = $2.6 million and counting
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
Curated watchlists where BITB is featured.
Bitcoin ETFs: Spot trading hits Wall Street
11 No. of Symbols
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