BITW – a package of ten Crypto currencies – is up 23 percent in three days
On Tuesday Aug 31, 2021, I bought 150 shares of Bitwise 10 CRYPTO INDEX (BITW)* $61.00 at a blended price of $49.58.
It is up 23% in three trading days on a portfolio of ten crypto currencies.
I would sure like to say buy into weakness, but the market is so frothy it seems like it’s just going to go to where it is heading and then stop. You might buy a partial position and add to it on weakness.
What is BITW?
It is the ten largest market cap, crypto currencies used in Decentralized Finance (DeFi). The portfolio is rebalanced monthly to eliminate a currency that falls from the top ten and adds the new addition to the top ten DeFi cryptos.
Here are the current Top Ten DeFi Cryptos:
Technical Opinion from StockTA.com
Chart from StockCharts.com
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* An account related to LOTM holds a position in this security.
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