I think it might be...ya know...because the NAV is telling us it's over valued.
I noticed something interesting between the NAV and the price of BITW, if you look at the very low of BITW the price is around $20.74.
If you then look at the NAV line and where BITW topped out, you notice that the NAV price is $20.33 (ATH).
That's a $0.41 difference or almost a 2% difference between the ATL of BITW and the ATH of the NAV.
The reason I'm pointing this out is, maybe this is a clue for when to get out of this thing the next rocket ship cycle.
So, if BITW bottoms out at let's just say $30 on the next dump, we could see the NAV topping out at around $28 to $29 on the next pump.
Let me know if this makes sense or if it's too early to be spotting patterns like this.
But where BITW tops out the next pump...I have no clue.
Whole Chart
Zoomed In On NAV High And Price Bottom
I noticed something interesting between the NAV and the price of BITW, if you look at the very low of BITW the price is around $20.74.
If you then look at the NAV line and where BITW topped out, you notice that the NAV price is $20.33 (ATH).
That's a $0.41 difference or almost a 2% difference between the ATL of BITW and the ATH of the NAV.
The reason I'm pointing this out is, maybe this is a clue for when to get out of this thing the next rocket ship cycle.
So, if BITW bottoms out at let's just say $30 on the next dump, we could see the NAV topping out at around $28 to $29 on the next pump.
Let me know if this makes sense or if it's too early to be spotting patterns like this.
But where BITW tops out the next pump...I have no clue.