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Learn MoreIn the early afternoon on April 11, this was my note to our members:"IBIT (iShares Bitcoin Trust ETF)-- From a trading perspective, anyone who is in sync with the Bitcoin setup might consider owning IBIT (iShares Bitcoin ETF) against a stop below its 4/07/25 low at 42.98 (see my attached Daily Chart below)...The flight out of Treasury bonds and Dollars mostly has redirected capital into Gold, but Bitcoin's relative resilience indicates to me that it is also getting the benefit of inbound capital as well...
By Levi at Elliott Wave Trader; Produced with Avi GilburtMore and more this question will likely become quite relevant. Who is the custodian of your hard-earned capital and investments? Fundamentals plus crowd behavior as displayed on the stock charts can give us an early indicator of just how well a company is performing. For (IBKR) we have a bullish bias based on the current snapshot as provided by Lyn Alden and the study of sentiment with Zac Mannes and Garrett Patten.
I am posting another update due to this being an important intermediate region right now, which could lead to as much as a 400+ point move. For now, I am viewing the spike and reversal of the support region as the completion of a wave 4 in red. That means that as long as we hold over today's low, I am looking for a wave 5 rally to continue over the coming days.
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