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IBIT trade ideas

IBIT short-term ideal based on BTC I’ve been looking at the trend bitcoin is taking and i think it may be exhausted and taking a breather… I also have been looking at crypto mining stock such as riot and Mara both developing a double top, and with the ascending triangle Btc has, i think it may actually move downwards to fill a gap, and push back up. Also the long tail on the red candle tell me people have selling sentiment at that level and it will give people the opportunity to get in. I’m new to posting my ideals but i’ve been at it awhile. Not finical advice, do your own due diligence.
NASDAQ:IBITShort
by Hotspaceguy
$IBIT March 6, 2024.NASDAQ:IBIT March 6, 2024. Started to track this ETF last few days. For the move from 28.91 to 39.68, IBIT retraced yesterday 50% of the last rise. Considering the fall of 39.68 to 34.03 uptrend is only above 37.6 levels. Even crypto I found when too far away from moving averages either goes sideways or retraces. We have 33 levels as 9 moving averages in daily time frames. Holding that on a retracement target is 38-39 levels as the retrace will be more than 61.8 of the rise. I would like to watch this for a short around 37 levels SL 38 for a target of 33-34 levels.
NASDAQ:IBITShort
by RiderTrader
📉 iShares Bitcoin Trust Bearish Signals (26.42 Next)➖ 5 up-waves pattern detected. ➖ Wave five ends as an "inverted hammer" candlestick pattern. ➖ The inverted hammer is followed by a strong bearish candle (confirmation of the pattern); the biggest bearish candle since 11-Jan. ➖ Highest bearish volume right after the top signal. ➖ Bearish divergence on the RSI. ➖ Many GAPs left open on the way up. ➖ Confirmation through correlation to other related markets, i.e., Bitcoin and Coinbase. 👉 Correction target can happen between 25.18 to 27.66. Thank you for reading. Namaste.
NASDAQ:IBITShort
by MasterAnanda
1
Trading setup at IBIT gaps on US market opening👀🚨❓The BitcoinETF IBIT will open the US market with a pre-market gap up today dear Crypto Nation👀🚨 Why can this be important❓ In 6 out of 6 times when that happened we saw BTC go up at least 1,000 USD before getting down 500 USD🚀 No financial advice to open a trade at US market opening with RR 2,0... but keep an eye on the behavior today - might be an interesting trading setup in general👀 Comments💭, Likes♥️ & Follow🔗appreciated🤗 Disclaimer: Not financial advice Do your own research before investing The content shared is for educational purposes only and is my personal opinion
NASDAQ:IBITLong
by Crypto4Everybody
What if Bitcoin ETF's Never Make Money?Above is Blackrock's new Bitcoin ETF. This is mostly a joke and a "wait and see" post. I'm curious whether the liquidity generated by these Bitcoin ETF's creates a permanent resistance at their opening day high, which is around $30 for IBIT. I'm speculating that Bitcoin may never again breach $50k. Again, I'm partially kidding with this post but wouldn't be surprised if it came true. Essentially, when various cryptocurrencies are listed on prominent exchanges like Coinbase or Binance, they initially pump on their first day of trading, only to dump endlessly in the weeks following. Hardly any hyped cryptocurrencies survive their listing date and move on to achieve new highs. That's because the listing day is the day where the most of that coin is traded, the sellers being insiders and whales who held until that very date with the intent to never buy back. With access to so much more liquidity, it becomes easier to sell without immediately tanking the price. Price only tanks once demand totally evaporates. Essentially "exit liquidity." So, the demand for Bitcoin must remain elevated in order for these ETF's to be successful. We'll have to see what happens. I speculate that the demand will not be high enough given the liquidity and the scarcity of Bitcoin to keep price up. In theory, Bitcoin's scarcity is an advantage here, but my implication is that it's a double-edged sword. Scarcity can also have a psychological impact, which I think Bitcoin proponents often ignore. Especially if the thing itself isn't very useful, scarcity can just cause people to have less interest in it. "It just doesn't matter as much anymore. I'll just buy other things. People already own most of it, why bother?" Bitcoin does not have much value at all to society. This is easily provable because if it ceased to exist, not much would change. Until this is no longer the case, I will continue to believe Bitcoin doesn't have much growth ahead of it. It'll remain niche and important for some utilities, but it isn't the future of money. On the other hand, if the Internet ceased to exist we'd have way more problems. Society would likely collapse until we rework our systems backwards to how they were before. It would probably be worse than the great depression. Now about a popular theory as to why price dropped recently. Grayscale this, grayscale that. Grayscale's high fees and the resulting switch from grayscale to newer ETF's is only part of the equation, I think. Otherwise, we'd see those funds quickly going into the new ETF's. Many Grayscale buyers bought their shares at a huge negative premium, and so they are making extra profit, on top of Bitcoin's gains from the last year. They could be selling, never looking back. I'm also guessing some long term Bitcoin holders are folding here, with not much else to speculate about. Again, I think this is a "jig is up" moment, much like the super bowl ads in 2022. Because Bitcoin is now trading outside of the crypto world in such a meaningful way, there is now a vacuum between the two markets. The stablecoin cartel will then have a much harder time influencing price, which is how Bitcoin's scarcity works against it. Now, the big boys on wall street can also go short on these new ETF's. It will be simple to prove this speculation wrong. Bitcoin will just have to pump over $50k at some point in the future. It'll be funny if this turns out to be correct, but I don't think the chance of it is high. My opinion on Bitcoin is pretty low, so I wouldn't be surprised if it turned out to be true either. I still think Michael Saylor will become a forced seller at some point in the future. He is quite overleveraged and controls a very large portion of all the Bitcoin. Thanks for reading, even though there isn't much substance in this post. As always, this is meant for speculation and entertainment only. -Victor Cobra
NASDAQ:IBITShort
by VictorCobra
5
BTC and IBIT Blackrock ETF prices are pushing higher!Bitcoin and IBIT Blackrock ETF prices are pushing higher showing buyers are back in the game. But I also think we're hitting the upper range of this trend channel and likely due for a pullback. The Total Market Cap has a strong resistance area around $1.75T My thesis is that Bitcion pulls back after this bull trap rally and pushes back towards $38k before resuming the bull run (which would still be in the uptrending channel and bullish market structure). What are your thoughts?
NASDAQ:IBITLong
by BrettFogle
📊 iShares Bitcoin Trust Bearish Close, Bearish StartIBIT ended the week on a bearish note. Trading started down/red and pullbacks were weak and short-lived. The last 1h candle has an upper wick and closed at the sessions low. ➖ Monday is a Holiday in the USA —no trading. ➖ Tuesday, a bearish close can lead to a bearish start... Tomorrow is likely the day when everything starts to crash. Enjoy today. Prepare... Prepare base on reality and not based on expectations, expectations tend to disappoint. Patience is key by the way. Namaste.
NASDAQ:IBITShort
by MasterAnanda
2
ISHARES BITCOIN TRUSTHello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (IBIT chart) Trading will begin with the approval of BTC ETF (ISHARES BITCOIN TRUST). As you can see, the current trend is a downward trend. In order to turn this downward trend into an upward trend, the price must rise above 23.60 to maintain the price. However, since the volume profile section is currently formed in the 24.84-25.15 section, it is expected that the upward trend will continue only if it rises above this section. The HA-Low indicator on the 1D chart is formed at the 24.40 point, so if it shows support in the 23.60-25.15 range, it is time to buy. If you buy at the current price range, the 23.60-25.15 area is expected to be the first resistance area. With the approval of the BTC ETF, I believe that the coin market has been officially recognized as an investment market. ------------------------------------------------ The biggest issue this year is the BTC halving. Therefore, it is expected that we will prepare to continue the upward trend in the future. Have a good time. thank you -------------------------------------------------- - The big picture The full-fledged upward trend is expected to begin when the price rises above 29K. This is the section expected to be touched in the next bull market, 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (when overshooting) 4th: 13401.28 151166.97-157451.83 (when overshooting) 5th: 178910.15 These are points that are likely to encounter resistance in the future. We need to see if we can break through these points upward. Since it is thought that a new trend can be created in the overshooting area, you should check the movement when this area is touched. If the general upward trend continues until 2025, it is expected to rise to around 57014.33 and then create a pull back pattern. 1st: 43833.05 2nd: 32992.55 -------------------------------------------------- ------------------------------------------- ** All explanations are for reference only and do not guarantee profit or loss in investment. ** Trading volume is displayed as a candle body based on 10EMA. How to display (in order from darkest to darkest) More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA ** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own. ** This chart was created using my know-how. ---------------------------------
NASDAQ:IBIT
by readCrypto