IBIT
March 13, 2024 15 Minutes
The gap was filled yesterday.
If we consider the rise from 37.77 to 41.8 then
IBIT
retraced 61.8% of the move. And for the fall 41.8 to 39.21, it has again retraced 61.8 of the fall.
For the day considering the last rise from 39.21 to 40.94
IBIT
has to hold 39.9 levels for 40-41 as a target. More uptrend only above 41.8 levels.
I am long yesterday from 39.5 levels SL below 200 average around 38.6 levels.
It is a contra trade as per my setup as my buys are not supported by the Elliott oscillator or black bar on stochastics being on top or CCI green.