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IBIT trade ideas

Blackrock's aim for the Crown of Digital Currency ETFsSince it's inception at the start of January 2024 the iBIT ETF has gone up 31.35%. As of writing this July 22, 2024 the iShares Bitcoin ETF has seen an astounding $523 Million Inflows and a $912 Million trading volume over the last 24 hours. BlackRock is buying up Bitcoin at a pace unlike any seen before from institutional investors. This means that they can soon start borrowing and leverage their Bitcoin positions thanks to the sheer size their Spot ETF has so far. With the news of the Ethereum ETF being launched we can expect to see the price of iBIT rise up to $60.45 in the near future. Technical Analysis shows that the previous downtrend had been broken and that a reclaim of the range is now giving us a bullish indication for future price movement. Read our full report on our website to get a more in-depth look.
NASDAQ:IBITLong
by ForexFrontier
$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:IBIT retraced 61.8% and managed to hold the gap up. Now if we consider the rise from 35.71 to 40.62 holding 38.5 to 39 levels is important as it is a converging of averages 9,21,50 and 100. Adding around t 38.5 -39 levels on a retracement today should be a good trade as risk is only 35 levels being 200 averages for a target 43 +
NASDAQ:IBIT
by RiderTrader
$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 to 37.45 for the first rise NASDAQ:IBIT has retraced 23.6 levels. So up trend is intact. For the second rise NASDAQ:IBIT has retraced 50% of the rise and needs to hold 36-37 levels to continue up trend. For the fall from 41.99 to 38.45, it retraced to 40.32 which is around 61.8% retracement for the fall. So buy is only above 42 levels. Today must cross 41.3 levels to continue up trend. Else I will short around 40.5 levels. I expect a consolidation this week between 36 to 41 levels so the moving averages can catch up.
NASDAQ:IBITShort
by RiderTrader
$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 around 41-42 levels. On the downtrend i expect 37 as a target initially which is 61.8% retracement for the larger rise and 100 average in the 60-minute time frame too. Bias is towards 37 levels initially.
NASDAQ:IBITShort
by RiderTrader
$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 has to hold 39.9 levels for 40-41 as a target. More uptrend only above 41.8 levels. I am long yesterday from 39.5 levels SL below 200 average around 38.6 levels. It is a contra trade as per my setup as my buys are not supported by the Elliott oscillator or black bar on stochastics being on top or CCI green.
NASDAQ:IBIT
by RiderTrader
$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 target as 43 levels if this retracement low is held. Also if 39.5 is broken then the gap is filled which will lead to a fall in the current momentum on the upside. Then I expect some more consolidation before the next leg.
NASDAQ:IBITShort
by RiderTrader
$IBIT March 11, 2024NASDAQ:IBIT March 11, 2024 As of now, the uptrend is intact. Broke the box. On retest took support at the bottom of the rectangle and now above box. The sideways movement has given enough time for moving averages to catch up. For the rise of 34.03 to 40.2 NASDAQ:IBIT retraced to 37.77 which is approximately 38.2% retracement. And for the fall 40.2 to 37.77 NASDAQ:IBIT is around 39.6 well above 61.8% levels. Holding 38.7 I expect the uptrend to continue for an initial target of 41.5 to 42.5 levels. I am holding longs at the moment for 42+- 0.5 as targets.
NASDAQ:IBITLong
by RiderTrader
$IBIT March 7, 2024NASDAQ:IBIT March 7, 2024 15 Minutes. Yesterday we had sideways after a gap up open. For the rise from 34.03 to 38.59, holding 36.5 levels uptrend continues. I expect a correction as oscillator divergence is seen. For the larger move from 29 to 39 we need to hold 35 levels being the 61.8 reteracement for the shorter rise 34.03 to 38.59, which is also 200 average sloping upwards. Any upward movement for today I expect to be resisted around 40 levels allowing moving averages to catch up.
NASDAQ:IBIT
by RiderTrader