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BTC First Leveraged Bitcoin Futures ETF Launched Today !The introduction of the first leveraged Bitcoin futures ETF, the Volatility Shares Trust - 2x Bitcoin Strategy ETF (BITX), marks an intriguing development in the cryptocurrency market! The idea of institutions employing this ETF as a strategic move to capitalize on their bearish view of Bitcoin is plausible. This ETF presents a new opportunity for institutions to potentially profit from shorting Bitcoin legally with 2X leverage. By utilizing leverage, institutions can enhance their potential returns if Bitcoin's price were to decline. However, it is important to acknowledge that investing with leverage also carries higher risks, as losses can be amplified. The notion of Bitcoin going higher before a potential downward move, highlights a possible trapping mechanism for bullish investors. If Bitcoin experiences a temporary price increase, it could entice optimistic investors to buy or hold their positions, only to face unexpected reversals in the future. Looking forward to read your opinion about it!
by TopgOptions
1
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
26/06/23 Weekly outlookLast weeks high: $31443.0 Last weeks low: $28847.4 Midpoint: $26251.8 BTC experienced a massive week of price action last week with nearly non stop climbing up to a high of nearly 31.5K. The all important 32K is still yet to be tagged this year however we have made new yearly highs with acceptance above 30K The news of a Bitcoin ETF cancelled out the SEC & Binance news, this week is very important for the crypto market in general. With consolidation under the local high it's gearing up for a push above to take out that liquidity above 32K. After that we have a large FVG near the 0.25 (27.5k) area that could require a revisit before continuing this bullish trend. There is a bullish orderblock at last weeks midpoint and that would be a healthy correction after a large rally. from there we can plan for what happens next.
by ProR35
Bitcoin etf trending sideways. GOOD SALE PRICE.With only a technical analysis and following the current state of economic conditions. Their is too much uncertainty in the market currently, a lot of companies have taken big hits. My goal is to redistribute funds in defensive stocks and other derivatives to protect and grow my money in this type of market. That mission started with bitcoin ETF, I had my eye on bitcoin ETF since it’s IPO. However the risk was what’s going to happen with cryptocurrency as a whole. They’re still in court so as an investor there is a high risk of uncertainty. After setting a few trend lines and possible trend directions, I came to the conclusion that the worst of The Bitcoin ETF sell off is behind us, & indecision will be more in control for the most part. after the sell off that erased a little more than half of its stock price value, the Bitcoin ETF began to slightly edge in a bullish direction, Notice the arrows & how the Bollinger bands are sloping above the trend lines, pushing towards former highs however after falling from previous support levels the Bitcoin ETF seems to be struggling to breakthrough the resistance, it just resting right under. As long as the bitcoin ETF can hold it’s current support levels in this current economic state, a recovery is more than likely. However if it cannot break past it’s former support levels another sell off is likely as well. due to the uncertainty and high volatility I don’t see it as a defensive stock rather more a growth stock. I see Bitcoin ETF trending sideways for a while, between the crypto court cases and current economic conditions; redistributing funds into the ETF to protect my money might not be the best idea. However for someone with more risk tolerance, $25 and under is clearance prices in a long position.
AMEX:BITO
by MartellReid183
Bitcoin Futures! The Fake Bitcoin! Who's "wallet"??? LOL! WOWWell, back to Bitcoin and Ethereum as trading pairs for this trader. Gulp, cough cough. These are big freaking whales and waves, I tell ya. WOWie!!! Lots of biting by big sharks (so big, sharkies are called "Whales" LOL! Oh boy this little dogFISH feels tiny after the last few days of surfing. WOW what a way to end a winning streak! Now I have to wash my swim suit and let dry! LOL That was a big SHIBsters LOL Hide to Bitcoin and Ethereum, the King and Queen of crypto, You need both! The queen is useless without the king in the current cryptophere, so you need the powerful Queen ETC and hide the King BTC in cold storage OFF NET ASAP to prepare for the tsunami coming... I don't when but these waves both on the market and in crypto are tell tales! The shitcoin mega waves is the canary in the coalmine. You do not want to be too close to the surf because the tide will go back to sub $60K levels on Bitcoin possibly. Take take ALL the shells you can now, and head to higher ground ASAP. I can't tell you the timing, I'm always wrong there because time is relative and the force controls that. I'll likely be surfing these things but you won't see me at the crest of these things and if I am, let me know! LOL I like to be a TOP DOG, but on $HITocean, I'll be top dOG if the Princesses of Whales allow me to be! LOL I won't ask, I'll try to be quiet and listen to the whale quietly LOL The charts says everything but MissChart does not always know. It not her, it's her reporting what they white and black whales are up to. If you are a seasoned whale watcher, you will adjust your tools to fine tune the detection and the timing of the whales, If you are a beach partiipant trying to jump on assive waves, good luck. Watch from a distance at first! So, avoid shitcoins and $HITcoins, buy the real ETH and real BTC and move away unless you are a Pro or have the stamina and devotion to learn. After decades of trading, I'm retooling 100% for crypto as equities over time with the dollar. Tesla and Apple will issue "crporate coins" to allow investors to directly trade their coins with backed coins. Tesla and Apple coins will be a hit, GM, FORD and Chrysler? Well only government will buy those, which means these are tax payer buying the coins via the back door to feel THE biggest Shark: Crookstreet. So this DOG and, his little jet fighter, and small team will only ride the wave with me KEEPING my mouth SHUT. A wipe out with mouth open is nasty. On nasty waves, you need to abort. If you don't your assets will die as the waves crashes leaving you in pieces with a broken dream to get rick quick. Money is interesting, the easier it comes in, the easier it flows out. I've learned to respect it and not let it lead my actions. I am not longer a slave to money because I can simply reduce what I need. Simplicity is good. Truth is good, Honesty is good. I just want good. Shitcoins will teach you the respect and danger of money and gambling. If you dare enter this shitcoin ocean, don't follow any pro surfers. You can''t react. You might now the important difference between a market order and limit. When to use them, on what type of waves etc. Waves, and spectators, might lead you to the rocks. Pick your ponies and ditch shit. A shitty horse will never be a winner. Good horses are good from the start and continue to dominate in the space. Look at Tesla and Apple. Kings/Queens of their space. Both are years ahead of competition and the rest of the pack will never catch up. New entrants might but who can catch up with Tesla internationally? The legacy and outdated car companies plan to start when Tesla will be cranking millions of cars per month across a network of distributed mega factories. For cryptophere, the two winners today, are Bitcoin BTC and Ethereum ETH. Rest coins are toxic. Not trustable. Big whales control them. I have seen it first have and it's impressive! WOW! WOW! WOW! Ouchies LOL The SHIBster bites but he was a good runner so I stilll love the little beast out of respect, not love. I'm not sure if he represent the devil or the heavens. So that little biter is 100% trade only because I have zero trust until it proves it's a friendly white whale and not a deadly dark MEGA shark. The charts will tell me, not the other way around! LOL Don't hope, don't expect, don't think you know the colour or intention of the Princes of Whales. Only THEY know. For me, it's not about money. It's about surfing these megawhale wages to the best of my ability learning every single day to be humble. Best way to learn to surf when you think you're a good surfer is to jump on board on the North facing side of Hawaii in the winter season. WOW WOW WOW Novices, watch from a distance! LOL If you're a newbie on the beach and say "hey, that looks easy and fun, let me try", well go out to the "surf" but make sure you carry just a small amount of coins in your pockets because , 99% chance, they aren't coming back. And if you carry too much both YOU and your coins will hit got under and sink to the bottom. It's possible but it's as easy as it looks but it will continue to attract the "fear of missing out" FOMO masses to feed the mega sharks, ughhh, black whales. I've been trading part time since it was legal and I'm becoming a professional surfer. It's work but it's a trill if you nail those waves! I'll surf the cleaner ocean with ETH and BTC and, once I shower and brush my teeth, retune, will head back to $HITocean to make more money because it's scary but very lucrative. Nasty when you wipe out in shit with your mouth wide open. Cough, cough Lesson learned, surf shit with your month closed. OMG that's going to be hard. Please gods and Prince of ocean, SAND and beaches, have pitty on this little itty bitty surfer! LOL WOOF WOOF WOW WOW WOW ouchies D0G$ LOL !!! I love your roBOTs LOL Cute little remote control for MEGA $hitsters!!!! LMDAO!!! WOOF WOOF LOL WOW! I have experience and scars. So I'm fine losing money on a bad call but it has to be calculated and that means taking emotions out and trading like a robot, if you can't afford to buy one with diamonds made by crushing SAND! LOL ;-) If you're trading without automatic stop loses or are 100% dedicated to the screen, you will lose to pros who are setup properly. They have massive robots and they will borrow coins from HODLers, give them high interest rates, and SHORT the $hit out of crap at the perfectly right time. Don't pretend to be a whale if you are a tiny fish. Quietly watches the whales, you might not be able to tell if they are white or black, but the waves are the same for both. Black whales will show themselves to watchers. Trust me on this.. I've ridden enough mega $HIT waves that some of these Princess of Whales are AMAZINGLY powerful in changing the direction of big waves! LOL WOW WOW WOW! Now what about Bitcoin Futures? That's another shit ocean but that's by banksters instead of gangsters LOL All a joke of course, I'm a dog with four paws telling DOG stories! LOL WOOF Seriously, do not enter shit oceans without undertstanding " The Big Short" the movie. Watch it 5 times. Movie should be called "Banksters vs banksters: Average people get killed and nobody understand why?" This upcoming event, if The Sequel: Revenge of the "temporary" debasement of the dollar." And I really hope humanity has learned from 2008/2009 and leverages GOOD over EVIL. This flying rock of ours that we're physically attached to in a "temporary" manner isn't the end. It's the test - can we coexist with each other and all living things? Not with Banksters and Gansters tools of massive financial destruction. We need the banksters to show the gangster that derivative products are not heahtly for the average investor, these are scalping tools. How to you avoid banksters and gangsters, easy, head the other way! Cold storage Bitcoin and Ethereum and practice moving the stuff around because people underestimate the difficulty and get trapped or lose coins on failed transfers. Yeah, it's beta but it's amazing, the residual finishing stuff will happen with the Apples and Tesla of the world being the "retail" (aka average person banksters' speak) would call it, these derivatives and shadows shit is "catshit wrapped in dogshit". So if you want to buy shit with a fake Bitcoin logo on it, go right ahead but it's counterfeit Bitcoin. To HAVE Bitcoin, you need either a paired public and private key (aka cold wallet) and a backup phrase to securely backup your cold wallet. If you trade BTC, you don't own the Bitcoin, your trading platform generally do. DEX (distributes exchanges) could change that but we'll see two cryptopheres that shadow the Internet itself. A normal internet and cryptophere where people do law abiding things and the "dark web" "dark cryptoshere" owned by different groups that one might or might not want to be associated with. Depends on where you think you'll be treated best from a lifestyle and tax perspective. If you are in a Western Country, you can expect to pay taxes so if you think you can move money to a safe crypto exchange with questionable coins and "neighbours" go ahead. I tell everyone, research who your are entrusting your crypto with. Most regular people who understand fiduciary duties will entrust their cryptos to well known banks or reputable organisations like Apple and Bitcoin. So do I expect to pay for a Cybertruck using ETH2 when the truck is ready to ship, yes. Absolutely, ETH2 and BTC Lightning will be supported by Tesla. Elon has already said it but mainstream and yourtube-click-bait-yours are too dumb to understand the guy's hints. I'm going 100% chart and I just have to retune everything for massive surfs. I will go out again in $HITcoin ocean looking for the $HIT and trying to avoid the SHIT. Wipe out in shit and gulf, best keep your mouth SHUT! LOL Gulp Shit = More to Ethereum and Bitcoin to watch the tsunami from a distance, Its coming! When you feel rich, take half off the table! There will be other waves you can ride, if you have a surfboard left! LOL Please comment and like if you enough zoo stories ! I to be an animal and DOG (of dOG) because whales & sharkies are the real DOGs but I prefer to be a fluffy bunny that quietly looks for carrot fields protected well away from sharkies and wolves. Contact me here before or via private chat here @JustCharts and let's focus on Just Charts! LOL Gulp LOL PS LONG Bitcoin. Not Futures or unbacked fake ETF. Backed by the real thing in trusted custody with the ability to veriify because we no longer trust. At least, I don't, I educated myself and looked at the latest data available to make my first conclusion that I trust neither banksters or gansters black whales. I will watch them from a far distance on on friendly, quiet beach. Peace Paw @JustCharts just a little surfing dOG with deep respect for all the MEGA White Whales and Dark Sharks A little dirty but washing up nicely! LOL WOOF WOW
BINANCE:BTCUSD.PLong
by UnknownUnicorn2413721
2
🚀 Mind The GapThe market always fills the gaps. Gaps are not common in the crypto market. But, as Bitcoin gain mainstream adoption and more investment vehicles get listed on traditional financial markets, these elements can play a relevant role in how its price moves. Gaps signal strong price reversals and point at suitable price levels that traders can use as support and resistance. The chart shows the Bitcoin future price as it traded on the CME. The gap around $60,000 in April marked the local price top. The price retested immediately the same level after, and when it failed to break out, the trend lost steam and reversed. The same is happening these days, the other way around. After breaking above, pushing Bitcoin to a new all-time high, the price pulled back to retest the buyers' confidence. Should the price hold, the road to $100,000 will be smoother. Be patient. The chart also includes the other three relevant gaps in the market. Keep them in mind as guidance to place your stop losses. Bonus fact, the BTC ETF is already driving up significantly the trading volume, making this chart always more significant from now on.
CME:BTC1!
by Coinrule
Easy 10% early next week on HBIT - "RRSP Bitcoin"This ETF is not really Bitcoin, it's a derivative. For a short term trade, make your gains here with and buy real Bitcoin on a real cold wallet. With now HBUT at sub $10 is a buy. You can't tell from the charts, there's no volume on HBIT/BITI because traders need volume. There's none on that junk so its just for snipers at this point (people with Level 2 and able to pick off the arbitrage with real Bitcoin patterns, like 1 hr oversold on real BTC and snooze on fake ETF. Anyway, I'm long HBIT, (& off BITI) before the weekend or sell everything if you think cash-is-trash is better. This is the sub $60K stop loss attack before the run to six figures on Bitcoin. Enjoy the ride people. Bitcoin is the true market. The rest is an illusion that is getting slowly corrected with math.
HLong
by UnknownUnicorn2413721
Nobody expecting this price. Bitcoin ETF & intraday.Hello, nice person! I believe it is time to add more entries. The market is becoming more confident in the ATH level breakout. I anticipate a pullback from the $60,000 zone and efforts to enter the $66,000 and higher levels during the week. I will try to take multiple entries in the $62,000 - $61,000 range, with a small position and risk. Many people expect a price of $100,000, but let's be honest: whales won't offer you precisely $100,000, so we'll aim for levels below, and mostly the 80,000 zone, and so on. Bitcoin's entry to ETF is an opportunity for the market to move higher and reach a cap of $10 trillion within a decade. Thank you for your time and effort; please like or comment on this post, and I wish you excellent results!
INDEX:BTCUSDLong
by ArShevelev
3
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 $2M Bitcoin "steady state" where 1 Satoshi is worth one penny (or so) Bullish (green) and bearish (red) circles what to possibly look for on the MACD and Moving average cross overs on the daily charts which is the swing trading default it seems.
HLong
by UnknownUnicorn2413721
BTC/USDT Relieve breakout in October. 68k next with BTC ETF?Intro: - Bitcoin is the first of its kind as cryptocurrency and is looked at a store of value like gold, just better. - The whole crypto market follows in some way the movements of the Bitcoin price while being much more volatile. - SEC confirmed that crypto will not be banned and especially Bitcoin and Ethereum will not be banned. Daily chart: - Price shows a breakout above the purple resistance line. We went pretty straight back to 48k$ and touched the local resistance line. - Volume is on a steady decline since Mai and rather low for a breakout. This means currently there is not much resistance from sellers. - RSI analysis shows a breakout as well and hovers above the 50 line. Even the support and resistance line of 55 was passed. - Support lines are at 41k$ and 30k$. The ascending yellow line can act as support as well. - Resistance lines are at 48k$, 52.5k$ and 59k$. Expectation: - We expect a further price appreciation during the next three months and a solid recovery into October. So far we did see a great start and are looking forward to smash the last three resistance lines before price discovery. - Looking forwards into October where we might see an ETF approval for Bitcoin . This would be in favor for the whole market. - We expect some consolidation around 48k$ before we get through and a struggle around the 60k$. - End of the year prediction: We will see a 100k$+ Bitcoin before the end of 2021. Basic rules: - Never buy the top/ ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA. - Yellow lines are for visual help only. Specials: - Boxes represent either entry zone or support zone . Check the description. - Cameras represent MA crossings. Yellow camera stands for a golden cross while the cyan camera stands for a death cross.
Long
by tumbler55
BTC/USDT Upwards breakout imminent. Bitcoin ETF approval in Oct?Intro: - Bitcoin is the first of its kind as cryptocurrency. - The whole crypto market follows in some way the movements of the Bitcoin price while being much more volatile. Daily chart: - Price keeps hovering above 40k and so far stays below the descending purple line. - Volume is on a steady decline since Mai. Larger volume spikes are in red which confirms that we currently are going down. - RSI analysis shows the same descending behavior while we can see that it's consolidating into a narrow range between the green and orange line. - Support lines are at 41k and 30k. - Resistance lines are at 48k and 59k. Expectation: - We expect a breakout above the purple line and a solid recovery into October. - Looking forwards into October where we might see an ETF approval for Bitcoin. This would be in favor for the whole market Basic rules: - Never buy the top/ ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA. - Yellow lines are for visual help only. Specials: - Boxes represent either entry zone or support zone . Check the description. - Cameras represent MA crossings. Yellow camera stands for a golden cross while the cyan camera stands for a death cross.
Long
by tumbler55
2
GBTC POSITION TRADEGBTC POSITION TRADE Narrative, Use Cases, and Addressable Market can be found on the following link (pages 74-80): www.slideshare.net Position Trade: Grayscale Bitcoin Trust (GBTC) enables investors to gain exposure to the price movement of Bitcoin through a traditional investment vehicle, without the challenges of buying, storing, and safekeeping Bitcoin. grayscale.co From a technical analysis perspective, a consolidation from the break of its major trend line indicates a beginning of an uptrend. Bitcoin is currently finding support above its 10-day moving average price. With all moving averages pointing up, it also indicates that a longer-term uptrend may well be in place. Fibonacci Price Extension indicates a potential price target close to its previous years high, suggesting a 24%-29% profit potential from its current price on the short to medium term. But considering that this may just be the beginning of a long term uptrend, multiple profits on future set-ups can be made if/when it continues to find support above its 50-day moving average. Triggers for entering a trade include acceleration of On-Balance Volume which signals an increase in buying pressure pushing the price higher, and ADX accelerating to 30 which indicates a build-up on the momentum of price action.
GLong
by TradingMavericks
Bitcoin - Back in BusinessCryptomaniacs crew! Like a wearying prizefighter, BTC is doggedly remaining in the ring despite appearances of fading energy. Bitcoin, along with the rest of the cryptocurrency market, is currently amidst an unmitigated period of indecision. Then again, you cant really complain about $10K BTC. Especially when global buyers have repeatedly stood their ground to say this is what one bitcoin is worth. As crypto traders, were used to two market modes - !Mooning and !Dumping. As a demographic of traders, cryptomaniacs (as famed technical analyst Peter Brandt calls us) probably have no idea how to handle periods of indecision. Shouldnt we be celebrating these moments of comparatively low volatility? Is this not bitcoins store-of-value argument in proof and deed? Of course, if is true for bitcoin, then its day-to-day moves will be more incremental. That doesnt mean BTC cant or wont achieve the stratospheric values we hope for, but it might not get there as quickly or decisively as everyone wants. The drop and retest of the $10K marker happened on low volume that failed to challenge support in that area substantively Bitcoin is currently trading at just a touch above $10,200. It fell abruptly to this level after a swift rejection during its pursuit of the $11K zone. BITCOIN found renewed vigor as it unexpectedly jumped from $9,400 up to $10,700. The run-up from $9,600 was particularly vigorous. The latest move confused anyone seeking logic behind it. That attempt, though promising, signaling disinterest around current prices, Even now, volume remains shallow, however, despite this interruption of BTCs march toward the moon, we want to believe it correspond very nicely with the news that VanEck SolidX is offering a limited bitcoin ETF to institutional investors, and ecosystem Crypto Loan Industry. Bitcoins narrative, which has been lacking in recent weeks, is beginning to regain strength as Bakkt comes into the frame along with an ETF decision looming on the horizon. Bakkts physically-settled bitcoin futures are due to go live on September 23, and shortly after, on October 19, is the SEC final deadline for ruling on the VanEck/SolidX Bitcoin ETF. Of the various proposals delivered to the SEC, the VanEck/SolidX ETF is roundly believed to have the best odds for approval. Market sentiment needs a narrative. Without an objective on the horizon, even if its a source of insecurity (such as the ETF, which hinges on a yes or no answer), sentiment falls away along with interest. To see how much interest has waned since BTC fell away from its parabolic advance, check the Google Trend chart at the bottom of this post. In the short term we have: • VanEcks unexpected ETF offering • Bakkts bitcoin futures live date on the 23rd • Final ETF decision arriving mid-October The takeaway is that were entering a precarious time rife with the potential for extreme volatility. Remember, volatility is not just to the downside, but to the upside as well. The possibility of reaching for the $11K-$11.5K region is crystallizing more with every daily close spent above $10.2K. Bitcoins obvious strength over the past couple of days tells us that with only an additional bit of fuel thrown in the fire, we may find ourselves firmly breaking out of the descending triangle in the chart below. A move up towards $11K may be nothing more thana fakee-outt attempt at breaking from the triangle, but banking on that by being short now is more risk than were willing to stomach. After all of these weeks spent sideways and slipping lower, it would be a real shame to watch from the sidelines as BTC retests yearly highs around $14K. Crypto Loan Industry Hitting All-Time Highs Crypto-collateralized loans are going from peak to peak as they lock-in value in the crypto-financial ecosystem. Graychain, the worlds first crypto credit bureau, recently released a report detailing the estimated $5 billion crypto loans that have gone out to borrowers up to now. The way crypto collateralized loans work is simple. Say you want to take out a loan – you choose a lender like Celsius, Nexo, Unchained, or the various other companies available, then deposit your crypto on the platform. Youll need to deposit crypto worth roughly 2x the loan amount (i.e., for a loan of $10,000 youll need to deposit $20,000 worth of collateral). Part of the appeal behind crypto loans is that you dont need to worry about credit or employment checks – the only thing that matters is that youve got the crypto to back the loan. Even if you dont, there are some companies, like Salt Lending, who let you get away with riskier loan terms. What all this means for the crypto ecosystem is that more and more people are locking in BTC, ETH, LTC, XRP, BCH, and other leading digital currencies for the duration of a loan term. Loan terms are commonly between 12 and 36 months. Its not only borrowers who are improving the HODL ratio of crypto. Lenders are enjoying the benefits of loaning their crypto on platforms like ETHLend, Dharma, and Compound at rates between 6–11% annual interest. To loan crypto and accrue interest, the process is roughly the same as borrowing – just lock it into a wallet on the platform of your choice. The emergence of cryptocurrency lending also means that there is less incentive for selling crypto to fiat. Doing so is not only a taxable event, but it also means youll miss out on potential future gains. Instead of selling, cryptocurrency investors now have the option of leveraging their holdings. Doing so not only keeps investors in the game but also holds value where it belongs – on the blockchain. Altcoins showing surprising resilience Its no secret that altcoins have been taking a crazy beating as of late. Just when you thought the bottom was in, they vaporize all previous support and head lower. Maybe that goes some way in explaining why, right now, altcoins are showing a decent amount of strength relative to BTC. Realistically, how much lower can they go? The truth is, theres simply no telling where this pit of despair ends. In a way, that is up to the developers behind altcoin projects. Broken promises, endless delays, and the faint sting of countless scams continue to haunt the industry. Nonetheless, development is happening – we just need to be patient. As the king of altcoins, Ethereum is the perfect marker for observing the relative health of the altcoin market as a whole. Ethereum, the worlds #2 digital asset, is similarly seeing price growth as investors regain confidence in its premise as a world computer and defacto public blockchain. Very recently, Microsoft released a developer toolkit for building apps on Ethereum. If that isnt a clear sign of the times, then we dont know what is. ETHEREUM (Spotlight on Scaling) As the blockchain space matures and finds widespread adoption across most industries imaginable, the question of how to scale to the demand has arrived front and center. As smart contract blockchain platforms roll out, theyre teasing their potential transaction per second speed well before discussing other similarly important qualities. The pressure to scale up to the demands of impending blockbuster commercial applications is getting so intense that some blockchains, like Zilliqa, are engaging in psychological battles. ZIL founder Max Kantelia recently stated that “…people are starting to mine Zilliqa, were beginning to see the network starting to grow and grow, so is absolutely within sight, and I would say that it could happen as quickly as the next 12 to 18 months.” Ethereums ETH 2.0 project is promising to bring sharding to the network within the next two years – however, other projects may have the upper hand well before it comes online. Coming to Ethereums rescue is the rise of new second-layer scaling projects like Matic and Celer. Using a second-layer scaling solution takes some of the heat off of Ethereum, as theyll be able to use projects like Matic to scale decentralized applications that want to use the Ethereum network to build and launch. Regardless of who wins the transaction speed war, the way the question of scaling is solved will determine much of whats to come in cryptocurrencys future. Binance driving indecision? At bitcoins indecision may be directly tied in with the fear surrounding Binance structural reorganization. Thats a nice way of saying that Binance is on the brink of axing American customers from its global service. With some estimates claiming Americans make up 30% of global crypto trading volume, shunning a financial powerhouse from the majority of assets available on Binance might be a bad thing. Theres really no telling, which also means that cryptos pseudonymity is an effective privacy safeguard. That hasnt stopped a few prominent digital assets from performing strongly in recent days. ATOM, KCS, and even ICX have shown themselves as winners in the short term, but whether theyll go the distance is another matter. Some altcoin moves are based on fundamental developments. ICON, for instance, went live with staking this month, while KuCoin announced a second anniversary BTC sale which requires KCS for participation. Binance move away from US customers is rife with unresolved questions surrounding execution. For instance, how will Binance know who is American and not? Using IP detection will unfairly exclude US-based non-American traders. These questions dont appear to be slowing the Binance.US rollout. Just a few hours ago, Binance.US tweeted that onboarding for American clients is now underway. They also used the hashtag #ThisIsJustTheBeginning when addressing the variety of digital assets available on the exchange. As always, anything Binance does is worth paying close attention to, even if your non-American Binance account is #SAFU. Either of these scenarios is likely but are by no means exhaustive of what the short term future may hold. im monitoring the situation closely and will keep you up to date. We go together Together we are stronger Share and like Thanks God bless you!
BITMEX:XBTLong
by ferGOD
11
Bitcoin ETF to skyrocket the market to $38000 as Gold did?This chart displays the similarities on the trading patterns of the historical price of Gold before and after its ETF approval to Bitcoin's historical price in anticipation for its ETF approval decision. On March 28, 2003, the first Gold-backed ETF was introduced. The result was a +460% rise on Gold's price that reached $1920.80 on September 2011. Gold's pattern prior to the ETF launch looks very much like Bitcoin's current chart after its all time high near $20000. We see the same volatility runs as gold had in the 1980s. Both had a sharp decline of 65-70% following their all time highs. A key parameter to consider of course, is that Gold’s transition took place within a 20-year cycle, while Bitcoin's occurred within a year, with this fast pace attributed to demand and supply. The similarities are indeed impressive. Assuming that Bitcoin's ETF is approved, market psychology may suggest that a similar pattern will be followed. This is translated into roughly $38000 in late 2019 (532% increase since February's lows). It should be mentioned of course that we are talking about different market sizes. The value of all the Gold that's ever been mined exceeds $8 trillion. The value of all the Bitcoins that have ever been mined is $76 billion. This may indicate however Bitcoin's upside potential. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
BITSTAMP:BTCUSD
by InvestingScope
21
Bitcoin, Price prediction with Plan A and Plan BHello, dear followers, as we can see price found support at 6890 level which located at the top of Accumulation Support Levels *6800-6340*. The Support level at 6890 is also come with MA50 Daily support: So for Plan A we should use this level as Stop Loss for Long Entry. Targets are above 7280 and maybe with optimistic 7460. Plan B will be activated as if 6800 level breakdown, so it will mean that we a going to lowest support level at 6300 and break the Red trend line. Be sure you follow capital management and be prepared that could happen anything. From Fundamentals we still pending ETF, so price will probably move nervous and in speculative character until decision are come. Altcoins near good supports, but yet no trend reversal, so be careful before trade them. Good luck, support the analysis with comments and press Like:)
COINBASE:BTCUSD
by ArShevelev
20
Beautiful Bull Flag for Cardano ADA breaking out July 22ndGorgeous full flag forming for most coins including Cardano and BTC. I'm focusing on Cardano and Stellar being my top 2 of the Coinbase 5 team. For Cardano I'm dollar cost averaging my way down to 16 cents. We should see a slight pull back before beginning wave 5 according to this bull flag in progress. I am feeling very confident on this move because how symmetrical the flag is. ETA would be 6am PST for starting of the move with confirmation at 2pm PST. Best of luck traders! *** This is not financial advice, merely showing my trades for educational purposes. Do you OWN research ***
Long
by dreamsound
1
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.
BITFINEX:BTCUSDLong
by JohnnyKnowItAll
4