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Bitcoin-etf

BTC Correction Off the Ba k of ETF News?BTC on a weekly has been on a tear and is obviously over heated from all technical regards. However there is strong fundamental news holding the price up in anticipation of the SPOT ETF deadline in January 2024. I am proposing a theory that goes against the general sentiment in the market right now - in the face of everyones over bullishness, including Bloomberg analyst forecasting a 99% ETF Approval odds in January, I can see a delay. Heres my timeline: 1. January ETF deadlines will be denied or delayed. 2. The price will bomb off the news, scaring everyone. 3. Ark Invest will obviously refile with the necessary adjustments. 4. BTC will find support somewhere above 25k. 5. March - all BTC SPOT ETFs will be approved on the BlackRock deadline. 6. April - BTC supply will halve - Supply shock accompanied by renewed hype of the SPOT approvals. 7. May - June major capitol begins to flow in from ETFs and we go Lamborghini candle mode. This is all showing in price action history. Historically major progressive announcements in the crypto space have resulted in a flash correction - reference the chart - notice the large correction that resulted after CoinBase IPO. The Price action looks very similar to previous local tops that coincided with giga bullish news - again resulting in a flash correction to major support. Further - We never confirmed 30K as support after almost an entire year of resistance. This needs to happen for healthy market structure moving into the BullRun post halving. Lastly we are currently trading between the .5 & .618 fibonacci retracement from the ATH and the bear market low. There will be major sell pressure coming in between 48-50K and I can see a spike to that price if the ETFs are approved and then a Rapid sell off to back test 30K. Smart DCA - Buy weekly now with half your strength - set the other half to the side for a potential and highly likely correction. I have been Bullish since 15K, I knew i was right because everyone was Bearish. Im Short term Bearish now because everyone in the world is calling for new ATH before the Halving and a 100K BTC by January - It wont happen! Dont get FOMOd.
Short
by AlexSpicer94
2
Trading AutomationI am just going to put it out there, as you know I have said time and time again in my streams. Personally, the whole automated trading concept is not for me. However, that’s not to say there are not some good strategies, tools and instruments that could work for some people. Risk tolerance, time frames, bull vs bear markets all play a role in trading. This is emphasised when the trading is automated. A few weeks back, myself and @Paul_Varcoe starting streaming about shorter timeframes and automation. We said we were working on something in the background – mostly to do with trading via prop firms. Here’s on of my streams on that topic. So, the next part was automation. Here's one of these streams: www.tradingview.com I have been lurking around a couple of services, tools and platforms – one of these is a company/product called 3Commas. A few things I found interesting. One of which is that it supports multiple cryptocurrency exchanges, allowing users to trade on various platforms using a single interface. For the Tradingview community this is a very useful option. You can even go as far as connecting your bot to one or more TradingView indicators of your choice, and the bot will automatically receive alerts and open trades accordingly. My reluctance of automation has always been, if a bot can do it – we won’t need Doctors or Police officers as they will all want to be professional traders. I have also spent some time in the money management sector and know the investment and effort some very large operators have put into the automation game. What I liked about this 3commas platform, is that it opens the door for retail to play in this world. Having access to trading bots that can execute trades automatically based on predefined strategies is one factor, it still requires users to set up custom trading strategies or choose from a marketplace of existing strategies developed by other users. So, what this means is if you have a specific trading strategy you can link directly from Tradingview and just allow it to open trades. I have taken this image as an example from their site, it’s easier than trying to write it myself. There also seems to be a lot of open-source code, literature and information readily available online. All beneficial factors if you’re planning on going down the automation route. Myself and Paul have been more conventional traders, operating in well established markets. But of course we have had our dabbles in alt coins, Bitcoin and so on. It seems to be the way the world is shifting. I have been using webhooks on Tradingview recently to trade Aussie dollar and Euro on smaller timeframes just sending an alert to one of my channels – but the ability to take out the execution stage is a new one on me. If you’re a crypto fanatic I can say this is worth a look for sure! When looking at this automation, I found another editors pick here on @TradingView So, although I know very little about the strategy or the individual trader @Bjorgum who wrote the article, it’s a great example of the type of power mixing things like 3Commas and Tradingview can yield. Throughout 2023 I have shown and shared several articles on Prop firm trading, shorter timeframes and even how to use Chat GPT to write Tradingview indicators. Link to one of them: www.tradingview.com My next step is to use chat GPT to program an indicator I can fully automate (market condition depending) to link to 3Commas using TV as the glue. Here’s an example of what I mean: I literally asked ChatGPT this question “can you write a pinescript version 4 code to enter trades based on pivot point breakouts taking profits at S2 and R2 with stop losses in the other direction at R1 and S1.” I got a reply; Before you ask - The code will probably get rejected to put out as an indicator as Pinescript will say “Pivot point indicators are readily available” but copy and paste my question above and you should get a similar result. Of course, this is only an example. Feel free to play around with your own strategies and concepts. The idea then is to take this through the papertesting and backtesting to refine a strategy that you feel comfortable with in terms of plugging into a bot and connecting to your broker. The whole concept for me is mind blowing, the fact that anyone can have a Tradingview account, use ChatGPT to build and indicator and execute a trade via your broker on a platform like 3Commas. Over the next couple of weeks I intend on digging a little deeper with these and either start with using ChatGPT to link a strategy via Tradingview into 3Commas or take a strategy or indicator off the shelf and test drive it in a stream or sequence of streams. Maybe give me some ideas, if you like? what timeframes? What instruments etc... This will be part of the educational, how to make trading automation a real thing series. Anyways! Enjoy the Holidays - Merry Christmas and a Happy New Year to you all! Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
COINBASE:BTCUSDEducation
by Mayfair_Ventures
2
Story repeats itself- i have to post this chart. - it seems some peoples didn't get what i posted in one of my older chart. - i will post this chart in comments. - Remember this is not a price prediction. - Everything is just about comparing the past and the present. - in 2018-2019 BTC was fluctuating in bearmarket with 4 Digits. - Now BTC is fluctuating in bearmarket with 5 Digits. - We are evolving in a different trend. - All in graphic and hope you get the idea. Happy Tr4Ding !
COINBASE:BTCUSD
by thecryer
4
Bitcoin BullishPeople seem to think I have had a negative view of Bitcoin, when actually it's quite the opposite. For one Bitcoin has been very, very kind to me. My first buy was in 2011. So first, let's get one thing straight - the desire for this to go long is there for me! But and it's a big Caveat I have been a professional trader for over 23 years. This side of me knows all too well what is needed for markets to move. Throwing words like BlackRock, Halving or ETF doesn't carry a lot of weight in the real world! Being sensible, for Bitcoin to be up sustainably it needs cause that creates the effect. Over the last couple of years I have mapped out "EVERY" major swing. Seeing the sentiment in the events I was attending as a money manager, you could see the interest - let's say the curiosity more than the intent. This was back as far as 2017, as we started to watch the transition to institutional involvement on the run up to the first major FWB:64K high. The fact it was this obvious, showed the intent going forward. As we had the next moves the rise to the current ATH and of course all the way back to 15k, the obvious move is a much, much larger accumulation. Yes I have covered this as well - at the time of publishing the book, The price was at it's ST - what do we need? well a move up of course. The assumption was we would rally as high as $32,000 region. During the rally up, Blackrock news came out and on pure HOPIUM the price rallied to $38,000; this caused retail to jump on the "Up only Bandwagon" but before you click off as it's not all rosy and bullish, take a look through the microscope. I explained the dangers of the fake run on liquidity What a surprise - well, maybe not... So, keep in mind. Cause and effect - the cause = giant accumulation, the effect equals up. But again, this does not mean up in a straight line. I am being honest and realistic here guys. These moves do not effect me, I sold out at the high and happy to buy confirmation not hype. Take a look at the COT data.. On the left is Asset Managers and they are buying long term positions. NICE! Up, only! On the right we have Leveraged Funds - these guys in essence make money trading against retail. (more to this than that). The issue I have is these guys are net short, which means as retail is soaking up the price on low volume, larger players are willing to sell to them. Here's a couple of snapshots. Daily Weekly Monthly the monthly pullback is only .382 (swing high to low) This has caused CVD divergence. Drop down back to the daily. More points for you to think about. So I will ask again, what exactly is the Bullish cause here? Blackrock throwing $15Trillion to make all retail traders rich isn't the correct answer. Blackrock will not be retail bag holders. Here's some 'real info' from Blackrock's own site. $3 Trillion covering all ETF's since 1993 - another point, there are currently over 1,400 ETF's. If you don't think we need a pullback, if you think it's just going to grind up on low volume, or if you think Blackrock will make you rich. There's a few home truths here. Know what's coming and you can profit from it as well as manage expectations and emotions. This book got published in May this year. The blueprint is there! it's clear and setup nicely. Would I short it, no I never short Bitcoin only sell my long positions. Would I buy more here, NOPE. Take it easy guys and just apply a little sense. Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
COINBASE:BTCUSD
by Mayfair_Ventures
11
Market Update - October 27th Bitcoin hits $35k amid more encouraging ETF news: BTC soared from ~$30k USD to ~$35k earlier in the week, before settling around $34k USD by Friday. Spurring the price action, news began circulating on Monday that BlackRock’s spot bitcoin ETF, with the ticker IBTC, was listed with the DTCC, leading to speculation that the ETF was nearing approval. Bitcoin open interest on CME hits all-time highs: Open interest for bitcoin derivatives on the Chicago Mercantile Exchange (CME) hit 100,000 BTC (~$3.4 billion USD). The trend may reflect growing interest in bitcoin from institutional investors as the conversation around a coming spot bitcoin ETF continues to heat up. SEC directed to review Grayscale’s spot bitcoin ETF application: A US federal court issued a mandate directing the SEC to review Grayscale's application for a spot bitcoin ETF. Grayscale submitted a registration statement to the SEC on October 19, stating its intention to list shares of its spot bitcoin ETF on the New York Stock Exchange Arca under the ticker GBTC. Q3 GDP beats estimates, and treasury yields continue to rise: Third-quarter US GDP showed robust growth of 4.9% on an annual basis, surpassing estimates of 4.7%. Treasury yields continued to rise, putting additional pressure on equities. Yields on the 10-year treasury surpassed 5% on Monday, hitting its highest level in over a decade, but has since dipped to the 4.8% range. 🤝Topic of the Week: Basic Trading Order Types ➡️ Read more here
GEMINI:BTCUSD
by Gemini
Coin Watch: Bitcoin (BTC)Hi guys, I've been thinking of how to make useful ideas, and here's what I came up with. I will be watching useful coins in the top 100, starting with a high timeframe analysis and then continuing on the intraday regularly. Let's start with Bitcoin, the most popular digital currency, which offers to be your own bank, with a limited supply of 21 millions. On the weekly chart from above, we clearly are bullish. From the bottom of 15 500$, price is making higher lows and also higher highs, although the pace in new highs is weakening. The daily chart on the right shows consolidation areas with breaks and currently in an uptrend shown by an ascending channel. It's good to note that the RSI is also rising its support which is a sign of an uptrend. Now onto the 4 hours: On monday, a fake news about the Bitcoin ETF went viral on social media, creating a pump in price in just a few hours before correcting once things got cleared out. To me this is the proof that people have been waiting for the news to buy and that it is not priced in yet. Also noting that the open interest is only half way up despise that huge move. We can expect further action in the near future. Stay tuned!
BITSTAMP:BTCUSDLong
by cyatophilum
8
🚨 URGENT: iShares Bitcoin Trust Listed on DTCC! BTC Breaks $31K🚨 URGENT: BTC Breaks Through $31K! 🚀 Next Stop: $44K? 🎯 Text: Hey Folks! 🙌 Urgent news—BTC just busted through some major resistances. We're talking $31,500 and $31,000 acting as support now! 💪 Time for a reality check: 3rd attempt to soar past FWB:31K : Success! 🥳 Next stop if we stay above FWB:31K : A rapid ride to $44K! 🚀 *Good News Alert: The iShares Bitcoin Trust just got listed on DTCC! 🎉 So, an ETF approval is almost a done deal. 📈 Last FUD: JP Morgan blocking crypto in the UK—seems like their loss. We said it was a chase for cheaper BTC, and boom! 🎯 (Link) Odds & Ends: 55% chance we'll rise without dropping back down. 📈 30% chance of a dip to $30K before bouncing back up. ⬆️ 15% chance we might go lower. ⬇️ That’s it for now. If you’ve got Qs, hit up the comments below. 🔽 Stay tuned for more updates! One Love, The FXPROFESSOR 💙 * The Depository Trust & Clearing Corporation (DTCC) is a U.S. financial services company that provides clearing and settlement services for financial markets. When the iShares Bitcoin Trust is listed on the DTCC, it indicates that the trust's trades can now be cleared and settled through this well-established financial institution. This is big because it provides an extra layer of security and legitimacy to trading the asset. The listing on DTCC is often considered a step toward getting an ETF (Exchange-Traded Fund) approved. ETFs are investment funds traded on stock exchanges, and they can make it easier for retail and institutional investors to invest in assets like Bitcoin without actually holding the cryptocurrency themselves. So, when you hear that the iShares Bitcoin Trust got listed on DTCC, it suggests that an ETF approval could be just around the corner. This would be a huge deal for Bitcoin and the crypto market as a whole, likely bringing in more liquidity and potentially pushing up prices. twitter link: x.com
Long
by FX_Professor
5
Bitcoin update 25.09.23Hi , the market has been very boring for the last few months, I think it's hard to disagree with that. During this time of course there has been manipulative pumping of small liquid altcoins. But still boring or am I getting old :) I see a further rapid decline in bitcoin price, in the next 2-3 weeks, liquidation of all those jaded crypto traders, and after that I expect a bull rally, that's what I said in previous posts. Let's put it this way, I have long ago made an analysis and came to the opinion that we will go below 16k is 20% probability based on analysis and reserch of all reversal patterns, on the history of other assets. 20% is the black swan (pandemic, nuclear strikes, etc.). Globally, we have been in a bull market since November 2022, every previous cycle had a sub-cycle with crowd disappointment, and we are approaching that state. Once there is that final down movement I will only look up and be bullish until September 2025. Regarding interest levels for me - I have shown all the interest levels on the chart with blue and yellow boxing I would also like to point out that the current distribution is very similar to the 2021 - 2022 distribution I don't want to mislead you, but as you can see bitcoin holders don't believe in the bitcoin crash and collapse scenario (it's stupid because it's a cow that gives milk and it would be very stupid to kill this cow) and are set for the long term, I'm one of them - in the cypto world bitcoin is gold. About ETFs - a lot of talk is it good or bad? it is 100% good in the long run for bitcoin price. ETFs are an opportunity for huge capital to enter cryptocurrency. While regulators are rejecting ETFs those very same financial companies are buying up real bitcoin. Everyone understands the prospects of this asset and the interest in it. Best regards EXCAVO
COINBASE:BTCUSD
by EXCAVO
24
Bitcoin made complexAs someone who has been around Bitcoin a long time, I find it interesting to see people try and find their own "edge" from how they utilise on-chain metrics, to liquidity maps and sometimes even deeper with things like the energy consumption or BTC mined. The last couple, most recent years - Bitcoin has been moving towards it's institutional position and that has been something incredible to watch first hand as it slowly unfurled. The logic can be simplified and following the larger players and their intentions can be very lucrative. The major issue with statistics and metrics is that these can also be spoofed, manipulated and written in ways favourable to the cause. **Caveat - not always, but can be ** What gets me is when a local 'influencer' comes up with why Bitcoin will ping some arbitrary figure just because it sounds rounded. I haven't once heard someone say, it's likely to hit $237,500 followed by some logical argument. Here's some simple logic. Bitcoin's market cap. At $69,000 we saw a cap of 1.3T roughly. To obtain this number you can do the math by knowing how many coins in circulation and times that by the price. This of course will be ever changing, new addresses and price fluctuations coupled with more coins until 21m is hit. So you can be rough on your calculations without stressing. Here is a snapshot of the coins in circulation Take this now with the current price lingering around $27,000 you have a market cap. Why does this matter? Well, it doesn't really, other than to guestimate what kind of additional money in-flows would be required to make Bitcoin as valuable as the influencers claim. Let's use the current number 19,491,306 Times that by the price claimed and you can guestimate a Market Cap. 19 million, 491 thousand, 3 hundred and 6 times $250,000 (often used figure) The question then becomes - where does the additional money come from? ----------------------------------------------------------------------------------------- In this image, you can see the steady growth of the tokens/coins in circulation Or here the transactions per day. How about the energy consumption? You see, none of this actually matters when analysing the charts. Instead, understanding the picture painted by the larger players in the game, can give you hints as to where and why next. You take the snapshot of the COT (Commitment of Traders) report. This has allowed me to assess every major move in the Bitcoin chart, the logic for each swing is smacking you square in the face. These moves are not as random as you think. The market is simply an algorithm seeking liquidity. Nothing more complex than that. Instead these clowns come up with figures like $250,000 and quotes like 98k next month and 135k the month after, without any logic or rational as to how or where the money is coming from. Instead of moving up to $135,000 the price drops to $15,500 that's an awful lot to be wrong. Why? ZERO logic or clue as to what actually moves the market. Imagine selling at the top?! If the smiley laughing emoji hadn't have been used, it could have been one awesome call! Instead of looking in the wrong places, learn to understand where and why. Here's another interesting topic on this point. Anyways, enjoy the rest of your week! Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
COINBASE:BTCUSD
by Mayfair_Ventures
6
Market Update - September 15 📨 Franklin Templeton enters spot bitcoin ETF race: The asset manager with over a trillion dollars in assets under custody filed an application with the SEC to launch a spot bitcoin ETF, joining Blackrock, ARK Invest, VanEck and others. Web3 enthusiasts descend on Singapore for Token2049: Some of the largest names in the crypto space spoke at Token2049 this week, in what is set to be the largest Web3 conference this year. At the event, messaging app Telegram and the TON Foundation announced a new self-custodial crypto wallet. Binance.US executives leave amid regulatory scrutiny: It was reported that the CEO of Binance.US and other executives were leaving and that the company’s workforce would be cut by a third. The moves come as Binance, Binance.US, and founder Changpeng Zhao face suits leveled against them by the SEC and CFTC. FTX receives court approval to start liquidating crypto assets: FTX was granted permission from a bankruptcy judge to begin liquidating its crypto to start repaying creditors. The bankrupt exchange can sell up to $200 million USD in assets every week, pending creditor approval. FTX’s major crypto holdings include SOL, BTC, and ETH. Markets muted despite inflation numbers a touch above expectations: CPI was up 3.7% from a year ago (3.6% expected), while core CPI increased 4.3% (4.3% expected). Market expectations changed little as a result, with traders seeing a 97% chance that rates will remain unchanged at next week's September 20 meeting. ➡️ Read More Here
GEMINI:BTCUSD
by Gemini
MSTR next FTX bubble MicroStrategy owns 152,800 BTC bought for $4.53 billion.The company has $2.2 billion of debt issued by MicroStrategy, the parent company, consisting of $500 million of 6.125% senior secured notes due 2028 (the “secured notes”) and two series of convertible notes, one maturing in 2025 and the other in 2027 (together, the “convertible notes”). The secured notes are guaranteed by MicroStrategy’s subsidiaries (other than MacroStrategy and its subsidiaries) and are secured by substantially all of MicroStrategy’s assets, which include its software business and, as of Sept. 30, 2022, a total of 14,890 bitcoin. Although MacroStrategy and its subsidiaries are technically restricted subsidiaries under MicroStrategy’s secured notes, in many ways they have the freedom of an unrestricted subsidiary, including their ability to incur debt secured by their bitcoin holdings.MacroStrategy is carved out from the limitations of the debt covenant, so it can incur unlimited debt. In addition, any crypto assets held by MacroStrategy at the time the secured notes were issued are carved out of the liens covenant; as a result, MacroStrategy may incur unlimited debt secured by the bitcoin that it held on the date the secured notes were issued. The fact is that FTX and Alameda were created by one person - Sam Bankman-Freed. And from the very beginning, Alameda served as a liquidity provider on FTX. Alameda wallets interacted with FTX even before the launch in May 2019 and apart from other addresses, it was the only clearly identifiable counterparty. In 2020, the chief engineer of the FTX crypto exchange made secret changes to the exchange software. They allowed Alameda Research, owned by Sam Bankman-Fried, to continue to borrow funds from FTX regardless of the value of the collateral. Weller said the prospect of such a fund coming to market after about a decade of trying by a number of issuers could pose a "big risk" for MicroStrategy. “Many investors are buying MicroStrategy shares as a widely available proxy to gain exposure to bitcoin,” he said. “But if a simple, low-fee alternative emerges, much of the current demand for the stock could dry up, leaving a costly, slow-growing operating company to manage a cumbersome, unstable balance sheet.” The Spot Bitcoin ETF, if approved, “won’t offer the same leverage returns as MicroStrategy,” Saylor said during the company’s Aug. 1 earnings announcement. However, he acknowledged that a subset of institutional investors would choose Bitcoin ETFs to participate in this space. I'll draw an analogy. Think of the rest yourself. The debtor company has doubled its capital. This is Carl's air, emptiness! Bitcoin-ETF no longer needs an intermediary in the form of this company, which can repeat the fate of FTX. Half of the Bitcoins will have to be sold on the market if the Bitcoin ETF spot is approved, because 2.2 billion debts and unlimited lending to yourself may end. Even now, investors will have a reason to doubt Michael Saylor and withdraw their funds, which will deprive the company of reliability. Will he repeat the fate of Sam? Time will show.
NASDAQ:MSTRShort
by almatradebusiness
1
BTC Bitcoin ETF Optimism Drives Towards $37,900 ResistanceIf you haven`t bought BTC here: Then you should know that the inclusion of Coinbase surveillance sharing agreement (SSA) in a spot Bitcoin ETF refiling by BlackRock is a game-changer. As the world's largest asset manager with over $9 trillion in assets under management, BlackRock's involvement brings a new level of credibility and institutional support to the cryptocurrency market. This move demonstrates their confidence in the potential of Bitcoin as an investment asset. Nasdaq's inclusion of the Coinbase SSA further solidifies the positive sentiment surrounding Bitcoin. Nasdaq is a renowned stock exchange and their involvement in facilitating the surveillance and regulation of a Bitcoin ETF enhances investor confidence. The endorsement from Bernstein, a reputable $650 billion asset manager, adds fuel to the bullish case for Bitcoin. Their belief that the Securities and Exchange Commission (SEC) is likely to approve a spot Bitcoin ETF indicates growing acceptance and recognition of the cryptocurrency by traditional financial institutions. Adding to the positive outlook, Fidelity, a massive $4.2 trillion asset manager, has officially filed for a spot Bitcoin ETF, designating Coinbase as their surveillance sharing agreement counterpart. Fidelity's involvement reinforces the notion that established financial giants see the potential of Bitcoin and are actively seeking opportunities to enter the market. With these major players entering the scene, it is reasonable to anticipate increased adoption and acceptance of Bitcoin as a legitimate investment asset. The combined weight of BlackRock, Nasdaq, Bernstein, and Fidelity lends credibility and creates a favorable environment for regulatory approval of a spot Bitcoin ETF. Considering these recent developments, along with the growing mainstream acceptance of cryptocurrencies, it is highly plausible that Bitcoin will reach the next resistance level of $37,900 and potentially continue its upward trajectory.
Long
by TopgOptions
BITX: The first SEC approved Bitcoin ETF is here.The first leveraged Bitcoin futures exchange-traded fund (ETF) has been approved by the U.S. Securities and Exchange Commission (SEC) as of last week. On Tuesday, June 27, Volatility Shares 2x Bitcoin Strategy ETF (BITX) is set to debut on the Chicago Board Options (CBOE) BZX Exchange. In its SEC filing, BITX stated that it “seeks investment results that correspond to two times (2x) the return of the Chicago Mercantile Exchange (CME) Bitcoin Futures Daily Roll Index.”
CBOE:BITXShort
by JaimeDeRothschild
1
Good or bad? Bitcoin ETF BlackRock While the crypto market is all green, amid the news about the BlackRock ETF, I decided to write a post about it. On December 15, two, the largest US company CME Group launched Bitcoin futures. CME is the only one who provides the opportunity to trade bitcoin futures in the United States and they are the first to enter the area of derivatives instrument for the cryptocurrency market. A week ago, BlackRock applied for approval of the Bitcoin ETF. BlackRock is an American international investment company headquartered in New York. One of the largest investment companies in the world and the largest in the world in terms of assets under management. As of the end of 2022, assets under management were $8.59 trillion. The probability of this application being approved by Blackrock is quite high Relying on historical data on SEC decisions regarding Blackrock's various ETF applications. BlackRock has an astounding success rate: 575 applications approved versus just one rejected. However, not everyone shares such a quick optimism. The fact is that in addition to the positive statistics on the SEC's approval of applications for various ETFs by Blackrock, there are also negative statistics on how many other applications just for bitcoin-ETFs the SEC rejected. The first attempts to register a Bitcoin ETF were made back in 2014 by the Winklevoss twin brothers. Since then, there have been more than 30 attempts to create a spot exchange-traded fund for bitcoin, but all applications have faced opposition from regulators, who cited market problems and a lack of investor protection. Among those rejected : Vaneck, one of the world's leading asset management companies. In March of this year, the company received its third consecutive rejection from the SEC to launch a spot ETF on bitcoin. SEC refusals to launch such investment products always report that there is no regulated cryptocurrency market, which means companies, including VanEck, simply "do not have joint oversight agreements with a regulated spot market of significant size for bitcoin trading." ARK is the investment firm of well-known investor Katie Wood. In April of this year, Ark Invest, along with Swiss company 21Shares, again attempted to coordinate a spot exchange-traded bitcoin fund with the U.S. Securities and Exchange Commission. They already have two failed attempts under their belt. Grayscale, a company that manages cryptocurrency trusts and other investment products. The company is suing the SEC over its refusal to convert its own fund, the Grayscale Bitcoin Trust (GBTC), into an exchange-traded fund (ETF). GBTC is now the best-known solution for buying bitcoin. However, shares of this fund are not allowed to trade on the first-tier stock exchanges, with Grayscale charging a management fee of about 2% per year, while traditional ETFs have a fee of 0.5%. Last year, the SEC approved a cryptocurrency ETF, but only for futures markets. It's a much more complex and expensive product for investors. "Another theory is that BlackRock may be aware that the SEC may lose the Grayscale case, and is going to play ahead to be prepared for the case to be lost and then suddenly open the way for a bitcoin ETF." Assuming the answer is yes, what happens afterwards? I interpret this news positively in the long run, because new big money will come to the cryptocurrency industry, and a lot of new things await us. BUT I think like last time, there will be another good entry point into the market formed for the big players. Thereby we may see the very corrective movement till September, November, and in these dates there will be already dispersed information about future halving, etc. and then there will be a real bull run first of all for Bitcoin. Read about where I expect the bottom of the correction in this post Best regards EXCAVO
BNC:BLX
by EXCAVO
24
BTC USD 1137 Final Target Hello Traders I have studies BTC for while and i remember my self saying from 2020 December Price will fail , BTC has Respected all Market structure and now we are in pre final fall 1rst target around 9960 then price will react and behing left FAIR VALUE GAP or FVG value of interest arount 35k price willBounce and Media will react news anywhere when touchet 35k they will sell again from new LL remmeber 35 expetced to be LH and price will break LL previews 9960 then price will colapse to 1337 for Final Destination , good luck new world , GSNARKS1
COINBASE:BTCUSDShort
by gsnarks1ghost
Bitcoin Where To Now? $70K Resistance Possible Drop Below $60kCheers to everybody in Bitcoin and in cryptocurrency! Very exciting times to be in this space. It's always great to know that pretty much everybody in Bitcoin is profitable whenever Bitcoin reaches new all time highs! Ideally we want to hold the $60,000 level for Bitcoin but dropping below $60,000 is always a strong possibility. I believe the first real major resistance for Bitcoin will be at $70,000 or in between $75,000 if we continue this uptrend. We're pretty overheated on the daily oscillators indicating a pullback may be upon us. Support levels if we drop below $60,000 I'm looking at support around above $55,000. We're looking bullish on the weekly time frames in my opinion. The fundamentals have gotten much stronger since the Bitcoin ETF which will enable a great amount of money to come into cryptocurrency in the coming months. Specifically into Bitcoin. I believe the next coming months will be very historic once again. Much peace, love, health, and wealth!
COINBASE:BTCUSDLong
by peacefuljustin
CRYPTO ETF - THE ESCAPE ROUTE FOR PROFIT??AMEX:BITO I'm not a fundamentally based trader, however, there are times where a theoretical story seems likely to supplement the technical analysis side of the (bit)coin. Technically: Most IPOs are pretty obvious as to what is support and resistance are after a few days of trading. Therefore, mapping out potential levels in the future become easier - especially if happens to align with large round numbers. The areas shaded are in my opinion the ONLY places I would pay attention to. Fundamentally: Bitcoin is at HI's again, and crypto is prevalent in the news with the launch of its first ETF (paving way for others). If anyone is looking to get out of bitcoin near its all-time HI, double top, then we need buyers. These ETFs are providing the liquidity for the sellers aka the escape artists to profit from the buyers and new players into the crypto world. We may see absorption of this buying (temporarily?) before we see bitcoin, crypto, and BITO ETF suffer some. Small moves in the grand scheme of things where you can still profit. Just an idea....
AMEX:BITOShort
by ProSTrades
"Wall Street Bitcoin" Lovely baby chart on the 15minWell, as someone who is extremely critical of toxic Wall Street Instruments. I am impressed with this "futures" BS "Bitcoin-link" instrument of mass destruction. Fortunately, Bitcoin, unlike manipulated gold and silver commodity markets, is a world-wide, distributed and battle hard spaceship. Gifted to us by the gods not though gold but though MATH AND TRUTH! And the charts over today's first trading day on crook street (banksters hours) shows a lovely 15 min period chart ending with a warm bullish engulfing candle. Warms my heart. Enjoy the ride people. Trust yourself first. And verify the rest! Notes: First date trading: $40.88 OPEN 24.284M VOLUME BITO is NOT an investment because it's decays with futures contract roll overs. Great swing trade position. As we break 65K, BLUE SKY BREAKOUTS to .... (TBC)
AMEX:BITOLong
by UnknownUnicorn2413721