TA On New BITCOIN ETF HBIT $8.50 Canadian dollars or or HBIT.U $6.36 USD
Don't be part of the mass that says "I should have bought Bitcoin when it was cheaper!" It's DIRT CHEAP! 1/40th of its stable state from my rough calculations where where 1 Satoshi is worth one penny (or so).
Watch HBIT's volume increase as institutional whales come into the the world's new BITCOIN ETF!
HBIT (Canadian dollars, TSX) or HBIT.U (US Dollars TSX). Tradable on Canadian's largest legacy stock exchange. Please comment on who you think is Canada's largest new world exchange (aka crypto exchange)? Volume is non-existant today because the ticker it too new, after 1-3 month, large, rule limited, institutions will be able to buy into Bitcoin on paper, via the Toronto Stock Exchanges.
This is a sleeping whale. And sub $7s were the all time lows... We're at bottom.
For now, if you're stuck in TFSA and RRSP self investments and can't figure out the hassles of crypto exchanges although netcoins.ca seems to be great for novices, and want the cheapest way to buy bitcoin, Horizons is not the safest custodian because ETFs are not real assets, they are paper backed by crooked paper.
This is an easy long and hold until Bitcoin is widely adopted and used on something as mainstream as Apple Pay or Visa Networks.
This ticker is getting struck by Lightning! ⚡
Caution, this is Bitcoin tracked, so expect stormy times. 🌩️ as we head to $2M Bitcoin "steady state" where 1 Satoshi is worth one penny (or so)
Bullish (green) and bearish (red) circles what to possibly look for on the MACD and Moving average cross overs on the daily charts which is the swing trading default it seems.
Bitcoin-etf
Bitcoin’s strong recovery to $49,000Both moving averages(EMA 20 And SMA 50 ) on the 4-hour chart are sloping up and the RSI is near the overbought zone, indicating the path of least resistance is to the upside. The price has been consolidating in a tight range between $47,000 and $48,495 for some time.
If bulls thrust the price above $48,843, the pair could rise to the psychological mark at $50,000 and then challenge the stiff resistance at $52,920.
Conversely, if the price turns down and breaks below the 20-EMA, it will suggest that short-term traders are booking profits. The pair could then drop to $45,000 and later to the 50-SMA.
In any case, we have to consider the issue of ETF, which we will probably hear about in mid-October.
Whether with shaving or shedding or without bears and with bulls. We can expect bitcoin to reach $ 88,000 by early November.
Please do not base this on your sales. This is a personal analysis.
QBTC - Bitcoin / Price on the roof of the rising channelHi everyone,
Canadian should be proud to get the first Bitcoin ETF. I would like to share my analysis with you.
There is 4 gap up to watch (possible retracements) :
Maybe you know but Gap up are not always covered.
bottom of gap 1 : 25.45
bottom of gap 2 : 22.99
bottom of gap 3 : 15.82
bottom of gap 4 : 11.61
Negative Points found / short term
-Price is now under the 1D VWAP (dangerous)
-Price touched the roof of the channel
-Price is over the bollinger band
-RSI in overbought territory
-Bearish RSI Divergence now visible on 3h chart
-Macd loosing momentum on the 3h and 4hr chart
Possible retracement from the last top if bulltrend is over :
0.5% fib : 15.88$
Golden fib 0.618 : 12.13$
0.85% : fib 4.76$
Probable retracement from the last high if bulltrend continue :
Golden fib : 18.32$
0.5% fib : 20.88$
Most healthly support if Bull trend continue.
EMA RIBBON currently in this rand : 22-23$
MA 21 (DAILY) currently at 23.23$
Bottom of Bollinger band : 17.41$
Bottom of Donchian Channel : 18.91$
Median of Donchian Channel : 25.31$
Thanks for leaving comment or anything else :-)
You can find me on Twitter.
Have a wonderful Christmas !!
GBTC hourly model projects low date Feb 25 2019 for Bitcoin EtfDropped GBTC data into my 60 minute model to determine optimal buy point ( eue.tu,ub). My model essentially trends momentum to hopefully determine optimal buy point (like my current optimal buy date of Jan 24 2019 for IMGN).
brschultz aka markettimer777
November 3rd 2018 Bitcoin UpdateIf Bitcoin closes below the previous week's low on the BLX, then we may see the 5.8k - 6k level again. Currently there is no clear direction at this time without any catalyst until we get the November ETF decision.
Daily chart is looking fine however, but is showing weakness below the 6439.30 point of control. I would like to see us break above this level on the bullish note.
Bullish Targets: 6439.30
Bearish Targets: 6191.65 (Low of previous USDT pump candle)
Happy sideways
Volumes building up on SANAs you guys will see from my preovious analysis when SAN was at 0.44c we are now awaiting the key market trend moving forwards as to wether to remain long or short on SAN.
Modest traders gave the ETF decision a miss and sold into fiat and few have filled their portfolios to gain the potential upside due to the amount of times these ETFs have been declined.
I will be glad to see the back of them quite frankly either way, lets all remember that BTC the main leader in the market cannot be tamed by any human or group of governement bodies, so I am still doubtfull they will allow it purely because its out of their complete control.
With that being said for the time being my outlook is to keep funds in fiat value and trade the options exposure based on the market news.
Bitcoin bears want more, but will they get it?Bitcoin has 3 directions: Sideways, up, down.
1. Most likely bitcoin will adhere to ETF hype and be pushed sideways by opposing bulls and bears who cannot agree. After the sideways target it can dump to the bottom of the trendline due to a lack of support and people egging FUD.
2. Bitcoin rallies up but meets resistance at 6.9 to 7k. Most likely if ETF doesn't pass (which historically it hasn't) it will just dump again.
3. Bitcoin dumps to 5.6k and bulls rebound hard. If this is the case watch the oversold RSI on the hour.
Bitcoin Forecast - Major "Expected" Crypto Catalysts. In this prediction / idea I have outlined what I believe to be some of the major catalysts for the coming months. There's obviously a ton of market manipulation with the expectation of upcoming high profile "events" and here's how I think it will play out. Thanks for looking frens :)
9 ETF proposals are denied by the SEC, probably push BTC downAnother hit for several Bitcoin ETF proposals, which might push BTC below 6.000 today. But who cares? I think that the down pressure on BTC looses on strength and I see a trend reversal on the horizon. BTC price is bottoming out in an elongated belly shape, and from this point onwards, we shall see prices climbing upwards steadily, pushing towards more and more resistance levels. It might take some time but chances are looking good. I will feel further confirmed, if this latest news will not have the downside impact, many expect them to have. So lets have a close look at BTC prices over the next 24-48 hours.
Bitcoin Today: 18000 transaction on BitMEX walletsPrice
From yesterday BTCUSD showed a sustainable growth, with a hike in volume after reaching the Bearish Trend Line and 6250 level. This growth showed a supportive power of the 6000 – 6250 zone, which gives a hope to bulls, but still consideration of any reversal will need more confirmations. The most important requirements to change outlook from bearish to correction/reversal is to stay above 6250 level. From the above, 6600 level will be the next resistance. A comeback below 6250 and Bearish Trend Line will send the price to test the next support at 5750 (2018 low). Also, it is worth remembering that the SEC is now scheduled to decide on the Bitcoin ETF ruling by September 30, so, presumably, we will not see any significant developments until this date (or premature SEC statements), rather it will be a lateral volatile trading ruled by rumors.
Today forecast
Trading in the 6250 – 6600 zone.
Latest news
Comments from Nick Szabo on ETF
A well-known cryptographer and pioneer in the field of smart contracts, Nick Szabo on Twitter expressed his fears about the approval of bitcoin-ETF. In his opinion, there will be more cons than pros from crypto-exchange-traded funds approval.
“I for one am not lobbying for an ETF or for Wall Street-managed money in general. It might cause more problems than it's worth. The recent sell-off by dumb money has or soon will deprecate many opinionated know-nothings in this space. We don't need new ones to take their place.” - @NickSzabo4
Big whale transaction on BitMEX wallet detected
Yesterday at 8:50 UTC time, a transaction involving 10 BTC went to a BitMEX-associated wallet. It didn’t seem like much, but less than half an hour later, another 16 wallets sent 17,990 BTC, bringing the suspected BitMEX wallet’s balance to a grand total of just a hair over 18,000 coins, this was a few hours before BTCUSD showed a recovery movement from the 6000 level.
Such noticeable transactions sparked conversations and fears across the community in multiple social networks: whether that will be a short or a long position... Here is the synopsis of the most meaningful opinions:
“They have to make sure the price stays below $6150 until futures close tomorrow.”
“Shorts are stacked a mile high. Expect volatility.”
“Aside from the possibility that the exchange is consolidating coins to a cold storage wallet, it could also be providing liquidity for its trading platform. Either of these conclusions could be likely, considering that it just recently posted another record-breaking trading volume of over 1 million BTC.”
Anyway, one thing stays clear, we should expect a high volatility soon, and a fall further down stays in a high probability for now.
BTC UPDATE! POSSIBLE REVERSAL. THE DIAMOND AGAIN ON 1HHi, everyone!
BTC is in the bearish channel for 14 days and we didn't have any significant bounces that often can be found during selloffs like this. This is understandable because the selling pressure is ridiculously high . During the last 24 hours price formed a Diamond pattern that we talk about and traded previously.
Diamond is the reversal pattern and it might mean that this is a bottom of the right shoulder of so anticipated Inverse H&S .
The Diamond pattern must be traded ONLY upon breakout , but again, we are in the downtrend channel, so, the breakout from the diamond can't be taken as a good confirmation. Confirmation for me, if after an upward breakout from the diamond we will break 6550 and escape from the channel. If so, 7500 and 7900 are expected to be tested.
HOWEVER! Keep in mind that we failed to get out from the longtime downtrend and came back under resistance. This means, that you have to cut your appetite and don't expect anything higher than 7900 at least for now.
//This information is not a recommendation to buy or sell. It is to be used for educational purposes only//
CNCBC DUMB MONEY SPREADS FUD! First of all who in the world would have ever thought that approving a Winklevoss ETF was ever a good idea. there is still other ETF's waiting to be approved such as CBOE and others.
TA: stand point, as you can see we are still in a trend respecting support levels also on the ichimoku coud we can see support. don't be surprised to see a bounce from this.
BTC NEW SUPPORT LEVEL ??? SEC Winklevoss ETF REJECTED Again
The SEC REJECTED the Winklevoss ETF Again. Here is the Official Letter:
www.sec.gov
As long as BTC stays away from the pretty colors then it looks like $7900-ish is the new support level.
It's not like the Crypto Community to completely freak out over FUD! he said SARCASTICALLY !!!
#Cryptocurrency #BTC #Cryptocurrencies
THIS IS NOT INVESTMENT ADVICE, THIS IS JUST MY OPINION.
-ADUMB-
Bitcoin ETFWe can expect Bitcoin to reach $80K if the ETF is approved. Gold had a bubble and crash at around 1980, which looks similar to Bitcoin's 2017/2018 crash. However, after gold's crash of 1980, the price had an increase of 300% from the ATH in 1980. Applying this logic to Bitcoin, we can expect an increase to about $80K if we take its current ATH of just under $20K into account. I would not hold any altcoins if this is to occur as their value in Bitcoin will probably crash.
Daily candle doesn´t look that bad.In perspective, that daily doesn´t look that bad. The Heikin Ashi is brutal but there was a pretty thick cushion to make BTC bounce. RSI is oversold and ADX paints a slight trend towards selling.
I think the next two upcoming ETF decisions won´t carry as much drama as this one. And that today, bitcoin came out stronger than before this decision.
In the short run, if there were any doubts, you can check bubble off of your worries list.
Bitcoin ETF Rejected: Bearish Short Term Still Bullish Long TermJust sharing an inverse fractal idea for Bitcoin. Feel free to comment.
Market Update:
SEC rejected the Winklevoss Twins Bitcoin ETF earlier today.
This makes BTC short term bearish, with downside targets from 780-880.
However, we are still bullish on the larger timeframe, with possibility of SegWit activation if Core vs BU can settle their issues, Rootstock release scheduled for May 2017, and the viability of this technology to revolutionise countless industries is beginning to be understood by the early majority.
In the meantime, let's enjoy the Altcoin party or sit tight in USD with bids in place.
Trade safe and don't forget to take profits!
GBTC: this Bitcoin ETF is in a strong uptrendI had published a long entry a while back, if you saw it, you should be in the money.
If not in it and interested in trading this ETF with your account, you could join the trend here with a stop under the 63 handle.
The reaction the the Satoshi Nakamoto reveal has been quite positive, surprisingly, despite him having 3m BTC he could sell at market (I think that is the amount he's rumoured to have).
I expect uptrend continuation to be seen here, so, do jump in.
See you 51.61% higher!
If interested in my trading signals, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year.
Cheers,
Ivan Labrie.
Link to Tim West's chatroom: www.tradingview.com
We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.
Engines refueld, Countdown begins! ... Hello Traders
The past few weeks have been very bullish. We have bounced off of the long term uptrend line 3 times now, thus confirming an uptrend.
RSI is looking very bullish too, resembling the market at the end of May prior to the massive push to $690
In terms of fundamental analysis well that couldn't be better! The silk road 2.0 auction of the DRP stash is just around the corner. Last time that happened it the price went up massively. There are further developments in with bitcoin on wall street and there is a super bowl proudly sponsored by Bitcoin on the 26th December which will show Bitcoin to millions watching and should capture new public interest in the currency!
I'm expecting a massive push up to $527 which should bring us up to the 0.618 Fib retracement level from the last $690 high before being sold off again to the 430s which will again test that uptrend. After that a massive push upwards seems highly likely with all the great news surrounding the currency as well as further inroads into Bitcoin ETFs and wider acceptance amongst investors.
Links:
stpetersburgbowl.com
www.investopedia.com
arstechnica.com
