BlackRock Bitcoin ETF Is Forming An Intraday Bullish Setup

16 Ogo

If we take a look at the hourly chart of BlackRock Bitcoin ETF with ticker IBIT, we can see nice and clean five-wave intraday rally from the lows, followed by an a-b-c corrective setback with first support at 32 area, while second deeper one would be around 31 area. So, seems like it's forming a nice intraday bullish setup formation, thus watch out on a bullish continuation, while it's above 28 invalidation level, just keep in mind that bulls may step in above 34.15 level.

22 Ogo

Nota

Good morning! BlackRock Bitcoin ETF – IBIT is now trying to continue higher following stock market after we spotted an intraday bullish setup formation. Is Bitcoin poised for more gains?

26 Ogo

Nota

As expected, BlackRock's Bitcoin ETF – IBIT is resuming its intraday recovery as expected and there can be room for more upside within a new five-wave bullish cycle, so as long as it's above 34 level, we can expect a bullish continuation.