Long $IBIT, but be patient
This is a weekly chart of 
IBIT, which allows convenient exposure to BTC via traditional brokerages. Since the Trump election euphoria has waned a bit, we are now seeing a retracement, which, based on the Fibonacci framework I use will offer an excellent long entry around the $45 level, should it get there. That would be just above the 50% Fib retracement level and would fill a gap (indicated by the green rectangle). With many catalysts/macro factors at play it is my opinion that exposure to BTC would be prudent for every investor, and this price level would be a gift if it gets there. Merry Christmas.
IBIT, which allows convenient exposure to BTC via traditional brokerages. Since the Trump election euphoria has waned a bit, we are now seeing a retracement, which, based on the Fibonacci framework I use will offer an excellent long entry around the $45 level, should it get there. That would be just above the 50% Fib retracement level and would fill a gap (indicated by the green rectangle). With many catalysts/macro factors at play it is my opinion that exposure to BTC would be prudent for every investor, and this price level would be a gift if it gets there. Merry Christmas.
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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.