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...
Title says it all this is a fund and we are not short just looking for a great entry point and even at $12 we will revisit our charts NOT ADVICE
IT ALMOST REACHED NAV VALUE AND IT MATCHES THE 2 CYCLES.
IF BITCOIN IS GONNA PUMP (WHICH IT WILL), THEN THIS WILL UNDOUBTEDLY FOLLOW! CAN YOU SAY CUP & HANDLE??? LET'S GO
Falling 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 up to test all time highs. Wait for breakout. A pump by bitcoin...
$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...
I took part of my portfolio and stuck it into the BITW I only really like BSV, but I think these scam trash coins will also probably pump higher than BSV. I'm in at $60. More details later this year on my overall portfolio.
For the time being, it appears that BITW has bottom at around 35% above the NAV price. The last bottom was at around 23% above the NAV price. Perhaps the next bottom after this could be 45% above the NAV? Could we be seeing a trend here? Could the next top in BITW be when the NAV reaches $40?
I wonder if this will drop down to +23% above the NAV? With the NAV gaining value every day and BITW losing value, we could see it happen! Happy New Year : )
I think it might be...ya know...because the NAV is telling us it's over valued. I noticed something interesting between the NAV and the price of BITW, if you look at the very low of BITW the price is around $20.74. If you then look at the NAV line and where BITW topped out, you notice that the NAV price is $20.33 (ATH). That's a $0.41 difference or almost a 2%...
After the massive selloff yesterday I think more losses are yet to come. Chart pattern is looking like a bearish pennant. :(
Scenario A - Continues to rise to $93.5 where it was rejected previously. If it can break through, it could spike to the next Fibonacci level at about $135, where it would probably be rejected and retrace back to around $100, finding support at the $93.5 level now. Scenario B - There is a correction and it drops back down to the previous level, where it should...
These guys are going places. Be patient as the cobwebs may need to get sorted. Competition in this space is great and has been needed to step -up existing compeditors. Good luck to the team. All the hard work appears to be paying off. All the best to BITW. I'm long. -Cryptmando (this is not trading advise)