IBIT (Bitcoin ETF) has hit the first price target (T1) for a quick 15% profit. Depending on your trading plan, consider booking partial or full profits and/or raising stops, if holding out for T3. Previous (Nov 21st) & updated daily charts below.
IBIT daily 2 Nov 21st
IBIT daily Nov 28
When Bitcoin was added as a new long trade idea last week, shortly after the previous IBIT trade hit the stop for a small loss, I also added several Bitcoin-proxy trades, also right at last week’s (the recent) lows: RIOT, COIN, MARA, & HIVE. All four of those Bitcoin-proxy trades have also just hit their first or second price targets, hence, a good time for active traders to lock in the quick 25-35% profits on those trades, according to their trading plan. For archiving purposes, updates on each of those trades will follow in a separate post shortly.
Also note that I am still in quasi-vacation mode & will likely be away from my desk for the remainder of the day, but just wanted to update these fast-moving crypto-trades for those that took them.