Amazing Trades On IBIT This Morning

Dave Barnhart reviews intraday trades on IBIT, QQQs, and QBTS, showing 14 wins out of 16 trades for an 87.5% win rate. He discusses pre-market levels, resistance points, and crypto flow including XRP and Bitcoin ETFs using Moby trading software.
Chapters
Good afternoon, traders. It is 12:03 PM Monday, December 16th, and wow, IBIT, that was a great call out today. And look at this, what we just got in was another $1 million here at $60.62. So there's been lots of trades. So if I set my trades here to say, let's go $900,000 for the last year. If we look at this here, December 16th, 6062, 1 million, 5687, a million, 58, a million, 5735. Look at this, 6 million here, 5478. So we're really on fire here, and this is great because we gapped up, moving up. We have a new print, so this could be a little bit of profit taking, but you know, for For today, we're still on fire for that. And so let's have a look at our trade. We were bullish above 5950. So let's look at our sheets here. We're bullish above 5950. Go over here to IBIT. 5950 right in here after the open. And then we had a target of 60, 6030, 61, and 6166. So we came up and hit all of these so far, and we're still going. There's no reason to get out of this trade here. So we could hit this R4 here, $61.66. So when we get this high with the resistances, like, the stocks really move. So on the daily here, which is on the right-hand side, we're already up 5%, plus $3. The ATR is $2.31. We're We're above the ATR for the day, but this is still kind of strong. We've consolidated here between 60, 60, and 61. If we close above 61 and then these ones here around 6106, 6107, we've got a good move— 61, 20, 40, and 60. So we'll see what the rest of the day is. This is definitely minion time, so there's going to be some market manipulation and profit taking really, because you know Some people have to eat lunch. So that hit all of our targets there. The other one we were interested in was the QQQs. We were bullish above 532.50. So let's zoom in and see what this looks like. I drew this green box here around the pre-market high and low. And so 532.50, we got in, well, really We hit this pre-market 532.50, and then we came back. So those of you that were trading pre-market, maybe get in. But still here, this was pretty good getting in on this candle, right? Because we pushed up, tested the pre-market high, and then closed above 534. So, but this all the way getting in there on this candle, we were great all the way up to 536.20. Which was our target. And yeah, so we went all the way up to 537, and now that it's lunchtime, we'll see. I don't— I would have taken some profit around here, especially the first test of this R2. We did come all the way back up, pull back a little bit, snaking up, snaking back. But anyway, that was a really good trade as well. So let's see how we made out today. So I bit $59.50 to $61. That was $1.50 profit. And then on the Q's, $532.50 to $536.20 is $3.70. So we're up $5.20 for today. And then our total so far, cumulative from when we started doing this, we're up to 16 wins for $42.12. Uh, oh, that was total trades. The wins was $42.52 for 14 out of 16, so we're at 87.5% win rate. So we've only lost 40 cents a share twice, a total of 40 cents a share over 2 trades, and on our wins we've made $42.52 a share for 14 trades. So that's actually really good. So I guess the RLUSD, for those of you that are following Ripple, the cryptos. XRP is starting to take off. But still, if you're not in crypto, if you look at Moby, there's lots of things that we've been calling out over the weeks. And with the Bitcoin ETFs, the ETHU, the IBIT, the other ones, there's been lots of volume coming into those like Mara and Riot for the crypto mining. And so we can see all of that as that's happening. So we've been focusing on pre-market and we've seen over the days, over the last few weeks anyway, that, um, we've had pre-market volume and these stocks have actually been moving here. And I'm excited to see that there's a new, new print over here on, um, on IBIT. The other thing that's been moving quite well is this QBTS. And if you've been looking at Mobi, you've been seeing that there's lots of pre-market volume every day. And this one, this one had lots of pre-market volume, and I like this turnaround here. We didn't map out this trade, but there's that here at 521. We had this volume here bullish engulfing, and then we took off 521 to 550. You know, that a 30-cent move or 30-cent move on a $6 stock is not bad. And then this just took off. So we're riding the 4 EMA here, something like this. So when we're looking at Mobi, we're seeing all of these things and you start seeing these patterns and then we have prints as well to go along with it. So this has to do, these ones have to do with things like quantum computing and things. So, you know, Google's been on a tear. They've got the new Willow and, you know, quantum computing is, is becoming more and more mainstream. So yeah, just, um, we see this stuff every day with Mobi. And so there's lots and lots of opportunities that you can find things really quickly and make some good money and get back to doing what you want to do. So we're saving you a lot of time looking, looking for these sorts of things. And I'm trying to teach you strategies and seeing how this works out and then sharing the trades. So don't forget to like and subscribe for more updates. And if you're interested in the Moby software, it's mobyticktrading.com. And have a great rest of your trading day. Take care.
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