Fidelity Bitcoin ETF continues to follow downward trendlinesJust observing that FBTC is continuing to follow downward trendlines as it did previously in 2024 after the ATH. A strong leg up will likely break downward pattern as it did in November 2024.
Also added here are 21 and 50 day SMAs. As well as lower targets should we 'hunt the gaps'.
FBTC trade ideas
FBTC: Break Out After 12 Months of Sideways - DCA TradeAll the white lines are buys. My weighted average price per share would be somewhere in the middle. I Dollar Cost Averaged into the position from basically the launch of the product on exchanges earlier this year, Say March 24. The trade looks to finally be playing out.
Long Term Hold position for me, and will add on higher timeframe (1 Day, 3 Day, Weekly) oversold conditions outside a normal standard deviation.
Fun time to be a trader at the moment.