2026-02-05
🚨 Market Status: IBIT in severe oversold territory – collapsing -8.16% on Feb 5 to $36.46. Trading well below all EMAs (9/50/200), signaling intense bearish pressure.
📊 Technical Indicators: RSI plummeted to 7.47 (extremely oversold!), MACD histogram deepening to -1.40, and price action showing capitulation selling. This is panic-level selling.
🔮 Prediction: Oversold bounce likely tomorrow (green candle probable). However, week may still close lower given the damage. This looks like a "falling knife" – catching it is risky but could reward the brave!
💡 Strategy: Mean reversion play with 2-week calls targeting bounce to $40-42 range as RSI normalizes above 30.
Trend: 🐻 BEARISH
Candlestick Pattern: Three Black Crows / Capitulation Pattern (Feb 3: -2.53%, Feb 4: -2.34%, Feb 5: -8.16%) - consecutive strong bearish candles with accelerating downside momentum and final panic selling
Support: 🟢 $35.30 (Feb 5 intraday low - recent panic bottom)
Resistance: 🔴 $42.89 (Feb 4 high - near-term overhead resistance)
CALLBUY IBIT @ 40
Expiration: Feb 19, 2026 · 14 days out