ProShares Bitcoin ETFGüncellendi Bito ETF (BITO) - Some Harmonic Projections
Those of you who may consider holding Bitcoin as part of your equity portfolio, the ProShares Bitcoin Strategy Bito ETF (BITO) may be your ticket.
Above is a 4 hour chart.Warning: cryptocurrencies are particularly volatile assets.
This ETF is backed by Bitcoin futures contracts rather than the actual coin and as such carry a slightly negative discount because of contango.
While many look for harmonic patterns to complete as a point of entry, sometimes it is useful to anticipate their completion.
The current BITO setup suggests that 3 harmonic patterns could be considered for a final point D completion point.
I have shown these completion targets.
That said my oscillator in the bottom panel, suggests price be a bit ahead of itself.
Additionally we look to have rejected the March 2 last high.
So, my strategy would be to look for a pull back and then re-access the situation.
Additionally I would look for a penetration of point B to further confirm this strategy,
Not investment advice ... do your own due diligence and respect market volatility and conditions.
S.
Above is a 4 hour chart.Warning: cryptocurrencies are particularly volatile assets.
This ETF is backed by Bitcoin futures contracts rather than the actual coin and as such carry a slightly negative discount because of contango.
While many look for harmonic patterns to complete as a point of entry, sometimes it is useful to anticipate their completion.
The current BITO setup suggests that 3 harmonic patterns could be considered for a final point D completion point.
I have shown these completion targets.
That said my oscillator in the bottom panel, suggests price be a bit ahead of itself.
Additionally we look to have rejected the March 2 last high.
So, my strategy would be to look for a pull back and then re-access the situation.
Additionally I would look for a penetration of point B to further confirm this strategy,
Not investment advice ... do your own due diligence and respect market volatility and conditions.
S.
İşlem aktif
Bottom of Target 1 hit...İşlem aktif
Target 1 hit and retraace has begun... not ready for prime time yet IMHONot
Still not ready to reload...
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.