New IBIT Downside Gap To Fill Signaling Bitcoin Retracement

14 thg 8, 2024

We have been following the BlackRock IBIT 1 Hour and 4 hour chart since it was released earlier this year, and noticing that...

Like the CME chart gaps, the IBIT chart gaps also similarly seem to fill.

EVERY ONE SO FAR.

So I'm now eyeing this lower gap to fill, and since the IBIT tends to be a leading signal to Bitcoin price, I'm expecting Bitcoin to drift lower to re-test recent lows before heading higher again.

6 thg 9, 2024

Ghi chú

The final remaining open IBIT gap filled today and appears to be heading to sub $30 and into the Buy Block zone as per the order books between $29.20 and $29.80.

So looks like I'm onto something with these 4 Hour IBIT gaps.

What do you think?