Key metric linked to the Nasdaq classified point of BlackRock The Stock Exchange, Ibit, flashes warning panels for two consecutive months.
According to Data Market, a measure of the feeling or pessimism of a year, a measure of feeling or pessimism, overturned positive on July 25 and remained comfortably above zero. It is two consecutive months of broken put bias.
In other words, traders have constantly favored protective dishes on bullish calls for two months, signaling a prudent or predictable perspective.
A bias of similar put options was observed from March 8 to April 21 of this year, a period marked by a clear drop in cash and Ibit, mainly pulled by the weakness induced by the trade war on Wall Street.
The upward trend of Ibit blocked
Ibit’s price trend has been in a standstill since July, failing to exceed the level of $ 70. Recently, he formed a “lower” at $ 66, which means that the recent top price was lower than the previous summit nearly $ 70.
This scheme indicates weakening the purchase pressure and suggests that the sellers gain in force. The formation of lower tops often indicates a potential decrease tendency or a downward momentum.
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