Guess what? IBIT is up. Yes, it is. Not so bad. You know, it it came in. It held a big portion of the gap. I'm long the $46 calls for November. I went out to November because I wasn't sure how long this is going to take.
I am in some IBIT calls.
Bitcoin, if you pull up the monthly chart of IBIT, Ibit, uh, you know, so that was a really strong move up, but it's right at resistance. It's right at the declining 20.
So, if you look up ETH or or or Bitcoin, I was actually on the mic and I was telling the students that it's not that I love the position here, but if this is the bottom, it's such a tight stop.
I want to be in um and it exploded higher on August 18th, 18th or 19th. And so, I'm in it from that point. And I don't want to like lose my position, but at the same time, I I see the writing on the wall.
I see the market turning bearish and I see where Ethereum and Bitcoin are at on the daily and the on the weekly and and the monthly right at resistance. So, I think uh we come in a little bit.