BITO

Discussion in 'ETFs' started by Buy1Sell2, Jan 23, 2025.

  1. Buy1Sell2

    Buy1Sell2

    Dividends on this one have been fantastic over the last year. The price of BITO can decay over time but the dividend more than makes up for it. I'm actually up over 60 percent since getting in.
     
  2. Buy1Sell2

    Buy1Sell2

    We've had a breakout of a cup and handle pattern and will likely see 30 soon.
     
  3. S2007S

    S2007S


    30 after the dividend payouts??

    You are going to need on huge sizeable move on bitcoin for that too happen!!
     
  4. Have we? Post chart.

    But yes Bito has a great dividend... You get the best of both worlds.
     
  5. deaddog

    deaddog

    Try as I might I fail to see a cup & handle
     
  6. Buy1Sell2

    Buy1Sell2

    Clear breakout of the handle on the attached cup and handle pattern
    upload_2025-1-24_10-5-39.png
     

  7. upload_2025-1-24_8-15-46.png

    I think you need to zoom out...:)
     
  8. Buy1Sell2

    Buy1Sell2

    So it's on long term as well. Good enough.
     
  9. Yes and the rule of thumb for c&h is the height of the cup added to the breakout.
     
    Buy1Sell2 likes this.
  10. deaddog

    deaddog

    Well I think a cup & handle is a stretch and a clear breakout would be above 27.00.
    As for 30, anything is possible especially as the uptrend is still intact.
    As wxy would say. It might go up or down or sideways, or maybe not.
    All you can do is control your risk.
    upload_2025-1-24_9-42-27.png
     
    #10     Jan 24, 2025