due to it being a 2x leverage ETF
we need to respect that chart patterns can be distorted.
So when a regular Hunt Volatility Funnel usually consolidates sideways before a explosive breakout move.
A levered ETF can be distorted , so that the sideways consolidation is actually pointing UP.
Giving you a clue of where it wants to go.
I believe #Bitcoin can hit $240K
sooner than people think
roughly a 2X
So a 3X for double long #ETF is definitely achievable.
we need to respect that chart patterns can be distorted.
So when a regular Hunt Volatility Funnel usually consolidates sideways before a explosive breakout move.
A levered ETF can be distorted , so that the sideways consolidation is actually pointing UP.
Giving you a clue of where it wants to go.
I believe #Bitcoin can hit $240K
sooner than people think
roughly a 2X
So a 3X for double long #ETF is definitely achievable.
Note
let's tighten up this draw a little.#BITX
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.