BITW Breaks Downwards Channel

It 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 currently waiting for the crypto market to take a breath. I’m thinking there’s two ways this could play out.
1. Price keeps trending up towards the middle downwards channel line. Potentially breaking through to the topside of the channel.
2. Price rises the bottom side of the downwards channel line and keeps following that line. If it trades back into that bottom channel, could see much lower prices.

I will do my best to update this post.

This is not trading advice!