Bitwise Spot Bitcoin EFT listed on DTCC with "BITB" as ticker.

[Ricboff]

so looking like approval was priced in ,...short term red flags on the weekly ; threatening to form an inverted hammer after piercing a resistance level (hasnt yet, 2 more days before the candle closes..needs some uppa uppa ...... and 2 indicators screaming overbought AND a divergence of said indicator with price action)

again , on the weekly

... probability wins. Had SCREAMING red flags, lol . The candles? the graphic depiction of investor sentiment .

where r things now? last weeks bearish inverted hammer on high volume played out with further downside, a lower low . The weekly chart remains vomit material.

However the daily chart:

-severely oversold, hasnt been as such since mid Oct 2023. Its at a CRITICAL support zone. Loss of this zone brings $37,000 into play (happens to be the .38 fibo on the monthly, so confluence ...would b sweet)

some quick math , a drop to $37,000 is approx $18ish on bito. Writing Mar $18 puts on Bito pays 4.7%, aroi- 30% with a 70% probability of not being assigned