You're not buying Bitcoin because it's too expensive. Boomers...are buying IBIT at 39
thinking it can hit 100
welcome to unit bias
something to think about
Just a thought that popped into my head..
Key stats
About iShares Bitcoin Trust
Expense ratio
0.12%
Home page
Inception date
Jan 5, 2024
Established on June 8, 2023, iShares Bitcoin Trust (IBIT) was launched by BlackRock, a leading global asset manager and ETF provider. The trust allows investors to incorporate Bitcoin into a standard brokerage account. In addition to its pricing aspect, IBIT's appeal lies in its ability to alleviate the operational challenges linked to the direct holding of Bitcoin, along with the potential mitigation of substantial trading expenses and complexities in tax reporting.
Classification
What's in the fund
Exposure type
Cash
Bonds, Cash & Other100.00%
Cash100.00%
IBIT:Why are elites buying Bitcoin?Why are elites buying Bitcoin?
Bitcoin has evolved from a cryptocurrency experiment to an asset of global interest, attracting the attention of large financial institutions and elites. This shift in perception, backed by reports such as BlackRock's, highlights how Bitcoin has evolved to become a sol
$IBIT November 7, 2024NASDAQ:IBIT November 7, 2024
Weekly.
First time we have a close above all highs and near top of bar too.
We have to wait and see Friday Close.
For the last rise 33.47 to 43.63 holding 38.5 to 39 is important.
I entered around 40 levels.
Holding for a target 48 initially. After consolidation in
Understanding Bitcoin ETFs: What They Are and Why They Matter?1. What is a Bitcoin ETF?
A Bitcoin Exchange-Traded Fund (ETF) is a financial instrument that tracks the value of Bitcoin and allows investors to gain exposure to the cryptocurrency without directly owning it. Bitcoin ETFs operate similarly to traditional ETFs, which track the value of assets like
To turn into a short-term uptrend, it needs to rise above 34.18
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Let's check out the chart with the highest trading volume among the released BTC ETF products.
(IBIT 1M chart)
However, since th
$IBIT 4-Hour Chart Gaps Continue to Fill and Leave Clues for BTCThis new leading 'indicator' for lack of a better term, continues to be accurate and 100% since the NASDAQ:IBIT inception. Every single gap has filled, except one recent one which I believe will resolve to the downside at some point below.
The 2nd IBIT Gap just filled on this mini-rally today, so
$IBIT Gap Filled As Forecast (New Leading Bitcoin Indicator?)Proof that this works?
So far it's 100% accurate.
Every single 'Gap' on the NASDAQ:IBIT 4-Hour chart has filled.
Refer back to my prior videos showing this, and while this does NOT mean it will continue to work forever... It's certainly a curious anomoly.
And likely works based on the same pri
BlackRock Bitcoin ETF Is Forming An Intraday Bullish SetupIf we take a look at the hourly chart of BlackRock Bitcoin ETF with ticker IBIT, we can see nice and clean five-wave intraday rally from the lows, followed by an a-b-c corrective setback with first support at 32 area, while second deeper one would be around 31 area. So, seems like it's forming a nic
New IBIT Downside Gap To Fill Signaling Bitcoin RetracementWe have been following the BlackRock NASDAQ:IBIT 1 Hour and 4 hour chart since it was released earlier this year, and noticing that...
Like the CME chart gaps, the IBIT chart gaps also similarly seem to fill.
EVERY ONE SO FAR.
So I'm now eyeing this lower gap to fill, and since the IBIT tends t
$IBIT Gap Likely Will Fill Monday And $BTC Goes Up I'm going to throw on my Cryptodamus helmet here and make a rather bold prediction.
Nobody is talking about this, I discovered this pattern tracking the NASDAQ:IBIT since it launched.
Just like the CME gaps tend to fill (95%) --
I noticed that the gaps on the 1 Hour NASDAQ:IBIT have ALL fil
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Displays a symbol's price movements over previous years to identify recurring trends.
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