as of Jun 11, 2026
Watchlist
Summary

2026-05-22

Market Status: IBIT is showing bearish momentum, trading below the 200 EMA (48.58) but still above the 50 EMA (43.41). The price dropped from 44.80 to 42.96 over the week, a concerning -4.1% decline.


Technical Indicators: MACD histogram turning more negative (-0.273), signaling weakening momentum. RSI dropped from 53.7 to 48.7, approaching neutral territory but trending down. The 9 EMA (44.87) is acting as immediate resistance.


Pattern Alert: Two consecutive bearish candles with lower highs and lower lows suggest continuation pressure. Price is testing the 43 support zone.


Prediction: Tomorrow likely red candle as momentum remains weak. Week expected to close below open unless 43 support holds firm. Watch for potential bounce at 42.80 level.

Insights

Trend: 🐻 BEARISH

Candlestick Pattern: Bearish Continuation (2026-05-15: bearish engulfing close at 44.80, 2026-05-22: follow-through bearish candle at 42.96)

Support: 🟢 42.81 (recent low wick from 2026-05-22)

Resistance: 🔴 44.50 (previous support turned resistance, 2026-05-15 low)

PUTBUYExpired IBIT @ 43

Expiration: Jun 5, 2026 · 14 days out | This strategy has expired

IBIT