Here is my coinciding target for IBIT which I hold in my main investment account and 401k. I believe this will happen in March or April and my target for BTC is 143k with an IBIT price of 83.
We see a consolidation similar to the recent pump we have a few months ago. Deeply low stochastic RSI and a moderate BBWP. I think we see a 30-40% move soon.
My plan:
I am trading this setup by utilizing my recent COIN/CONL trade. I also plan to dump all my IBIT around these levels since I already own Bitcoin and have a mara trade on deck.
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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.