BITW Breaks Downwards ChannelIt been a while, BITW has crossed a major downward channel. The current NAV is sitting around $34.71 at the time of this post.
Some would say it’s a good time to buy if the price of the shares are below the NAV price.
I would say that’s not a bad plan if you want to buy and hold long term.
I’m cur
Key stats
About Bitwise 10 Crypto Index Fund
Sector
Industry
Headquarters
San Francisco
Founded
2017
FIGI
BBG00XX0Y761
Bitwise Hold 10 Private Index Fund engages in the provision of investing services. The company was founded on November 22, 2017 and is headquartered in San Francisco, CA.
falling wedgeFalling wedge bullish continuation pattern. Wondering if previous pump possible short squeeze. 02/12/2021 8.29% short interest. www.otcmarkets.com
Premium at about 100% to NAV. Very expensive. Would be extremely foolish to short any Crypto stock IMO. Price could go either down to NAV at $50 or back
$BITW break above 78 with volume looking for 110$BITW has a nice W setup with a break above 78 and a depth of 32 so looking for 110 or better here are the holdings in the 3.5 mil share float at the moment
BITCOIN
76.83% $876,982,866,015 $47,119.03 5.62%
ETHEREUM
17.69% $202,004,777,451 $1,765.36 2.96%
LITECOIN
1.07% $12,221,754,838 $184.16
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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.