Bitcoinmarkets
Bitcoin ETF and price after launchOn a chart I can't zoom out to show you 2 etf in 2013/14 but they are included in list. This is how price react in next few days, how price react in general after a few month you can see on a chart also!
BITSTAMP:BTCUSD
Sep 25, 2013 - The Grayscale Investment Trust ETF / -31%
Sep 30, 2014 - ARK Next Generation Internet ETF / -61%
Feb 18, 2021 - Purpose Bitcoin ETF (BTCC) / +14%
Feb 19, 2021 - Evolve Bitcoin ETF (EBIT) / -23%
Apr 20, 2021 - CI Galaxy Ethereum ETF (ETHXF) / -17%
May 11, 2021 - Bitwise Crypto Industry Innovators ETF / - 47%
May 24, 2021 - Simplify US Equity PLUS GBTC ETF / -13%
July 28, 2021 - Bitcoin Strategy ProFund Investor BTCFX / -6%
Sep 20, 2021 - First Trust SkyBridge Crypto Industry and Digital Economy ETF / + 60%
Oct 07, 2021 - Invesco Alerian Galaxy Crypto Economy ETF / +28%
Oct 07, 2021 - Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF / +28%
Oct 19, 2021 - ProShares Bitcoin Strategy ETF / -12%
Oct 22, 2021 - Valkyrie Bitcoin Strategy ETF / -11%
Nov 15, 2021 - VanEck Bitcoin Strategy ETF / -35%
Nov 15, 2021 - Global X Blockchain & Bitcoin Strategy ETF / -35%
Feb 07, 2022 - Valkyrie Bitcoin Miners ETF /
Apr 27, 2022 - AdvisorShares Managed Bitcoin Strategy ETF / -35%
June 21, 2022 - ProShares Short Bitcoin ETF / -10%
Sep 15, 2022 - Hashdex Bitcoin Futures ETF / -10%
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Bitcoin -> Make It Or Break ItHello Traders,
welcome to this free and educational multi-timeframe technical analysis.
On the weekly timeframe you can see that Bitcoin is once again retesting major previous weekly resistance from which we saw a quite harsh rejection towards the downside at the $31.000 level.
However you can also see that weekly market structure is still very bullish, Bitcoin is still creating higher highs and higher lows and there is always a higher chance that momentum continues so I am now just waiting for a clean break above the resistance and then I do expect another bullish rally.
On the daily timeframe you can see that Bitcoin is currently not able to break above the strong resistance level so we might see another retest of the $29.500 strong support zone and then I do expect a bullish rejection away from the support area.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Bitcoin Falling WedgeBitcoin, which ran from $16300 levels to $25000 at the beginning of 2023, made the same run from $20200 to $30900 in March 2023.
The landscape that emerges after two runs is seen as a descending wedge.
It has confirmed that there is a new descending wedge formation when it returns from the $25000 level.
If the wedge is broken up, if it repeats its old patterns, we can see at least $36000 levels.
BTC : Long($50,506) or short(17000) ?Technical Analysis:
Bearish Analysis:
Price is currently within a 3-day supply zone. If it breaks below $29,786.90, I expect a bearish trend with targets at $25,214 and around $17,000.
Bullish Analysis:
A bullish breakout occurs if the price surpasses the current supply zone, starting at $31,037. Targets for bullish momentum are $50,506 and $64,965.
Personal Perspective:
I personally anticipate a bearish move towards $17,000 based on trend analysis.
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Disclaimer : Please remember to consider the timeframe associated with each analysis to avoid any potential misinformation. It's important to note that all predictions I share are for my personal reference and educational purposes only. Any trades inspired by my ideas, whether posted earlier, today, or in the future, involve financial risk for which I will not be held accountable. Thank you for your understanding.
5 REASONS why BlackRock will make Bitcoin Rally!Last week, we had a huge development for crypto investors.
Bitcoin really rallied…
And the price rise, was largely based on BlackRock's application to establish a US Bitcoin Exchange-Traded Fund (ETF).
BlackRock, Inc. is an American multinational investment management corporation, that serves clients in over 100 countries. .
It is one of the world's largest asset managers with assets approximately worth over $9 trillion.
Now BlackRock has a great track record when it comes to filing Exchange Traded Products (ETPs).
They have had 575 successful applications out of 576 attempts.
Now that BlackRock has applied for a US Bitcoin ETF, there are a couple of reasons why this could help boost the price and the value of Bitcoin.
1. It Boosts Bitcoin’s credibility
An ETF application from a company as respected as BlackRock is definitely going to provide even more legitimacy and credibility to Bitcoin as an investment.
This will attract more investors, institutions and companies to invest in the Bitcoin ETF, which will push the price up.
2. Easier to access Bitcoin
If BlackRock’s Bitcoin ETF is approved, this is going to make it easier for both institutional and retail investors to gain exposure to Bitcoin.
And they’ll be able to gain exposure to the coin without even needing to buy, store, and secure the cryptocurrency themselves.
People prefer to trust trusts, right?
Moving on…
3. More volume and liquidity for Bitcoin
BlackRock will open the gates of even more volume for Bitcoin.
In fact, the Bitcoin ETF would increase Bitcoin's liquidity by getting more participants to trade the asset.
And when there’s more volume, demand and buying – we can expect higher prices for the underlying coin.
4. FOMO for other firms
You realise that this will set a huge precedent for other trusts and firms.
BlackRock's move could encourage other financial institutions to adopt and create their own similar Bitcoin products into their own financial systems.
5. More trust for Bitcoin
I know this is a double-edged sword argument.
But I believe Bitcoin should be regulated under legitimate and transparent authorities.
Last year we saw how many cryptocurrencies buckled under low management.
We saw how many firms were laundering people’s money and faking their own accounts to make them seem profitable.
So, we tested the unregulated and decentralised system – and it failed horribly.
With this Bitcoin ETF being adopted into BlackRock, we’ll see it being reviewed and looked over by the right authorities like the SEC.
This will help provide a better safeguard for investors and will boost confidence in the asset.
bitcoin prediction
1. Currently, the completion of a three-wave pattern is evident,
and it appears that the correction of the fourth wave is underway.
2. In the ABC correction, the C wave is in progress,
and it is anticipated that the final downward wave will begin around 30760.
3. Short position near the 61.8% correction zone around 30760.
4. Long position in the 1:1.13 length range near 29863-29709.
Bitcoins Next Price TargetBitcoins next price target, before some more meaningful resistance, is likely to be in the range of 35.7k - 36.8k.
Their is confluence of fib levels in this range. The 0.382 fib level measured from the all time high to the bear market low, and the golden pocket level (0.618 - 0.65 fib level) measured from the next macro high during the bear market to the bear market low.
We also see a bigger spike on the VPVR (Volume Profile) becoming active at this target. More volume was previously traded at this target level and these areas on the VPVR can act as support or resistance levels. This level is marked out with the white dotted line and it lines up with the 0.382 fib and the 0.618 fib.
We can also do an AB = CD pattern to calculate a measured move. This is useful when a move is made to the upside (in this case) and then corrects back to the 0.5 Fib (corrects 50% of that initial move). The measured move is then the same length as that initial move to the upside but starting at that 0.5 FIb level.
This is shown with the initial move being from 19.6k - 31k (first white dotted line). We then corrected back to 24.8k (50% of the initial move). The measured move from 24.8k (second white dotted line) is the same length as the initial move giving us a target of 36.3k. This is in line with those fib levels and the spike on the VPVR.
When their is confluence among different indicators it increases the likely hood of being a key level.
Bitcoin's Life Cycle Part 2 : Bull or a Myth ?In my previous post, I made it clear that Bitcoin had entered a downtrend, with an approximate target of $5K based on the data I analyzed within a 91-day timeframe.
In this second part, we can observe the continuation of the downtrend, as evidenced by significant price breaks below a strong support level indicated by the grey box on a 34-day timeframe chart.
For me, the rejection range lies between 41k and 62k. The confirmation point will be when the 2-day timeframe chart becomes overbought. Trade entry confirmation will only occur at a key breakout, and I will notify the precise entry point when it happens.
Your valuable feedback is appreciated, and I encourage you to follow and get updates for my daily ideas in the Forex market for the selected currency pairs that I prefer to trade.
Disclaimer : Please remember to consider the timeframe associated with each analysis to avoid any potential misinformation. It's important to note that all predictions I share are for my personal reference and educational purposes only. Any trades inspired by my ideas, whether posted earlier, today, or in the future, involve financial risk for which I will not be held accountable. Thank you for your understanding.
🚨 BTCUSD HIGH PROBABILITY BUY SETUP 🚨🚨 BTCUSD HIGH PROBABILITY BUY SETUP 🚨
* Here we can see clearly the next potential move for Bitcoin coming hours.
* Baring in mind this is going to be a QUICK SCALPING BUY MOVE.
* Before Reversal Happening SOON.
* EP(BUY): 30831.25
* TP: 31290.23
* SL: 30493.42
* Keep your eye close on your trading positIons.
* Happy pip hunting traders.
* FXKILLA *
Bitcoin is ready to sky rocket!Bitcoin has just broken up and out of the Falling Wedge.
The momentum to the upside is strong and it looks like we have other indicators showing confirmation.
With Moving Averages 7>21>200. (Bull market)
With the RSI it's above 50 (Green and bullish)
It has also broken out of an uptrend, which tells us the Falling Wedge is acting as a Continuation Pattern. My first target is $36,000. This is just an update from the previous analysis I did on Bitcoin.
BITCOIN: What Happens Next to the Crypto Market?WisdomTree has filed with the US Securities and Exchange Commission for a spot Bitcoin ETF.
The company describes the proposed investment vehicle “WisdomTree Bitcoin Trust” as an ETF that will be listed on the Cboe exchange BZX under the symbol BTCW, according to a June 20 filing.
WisdomTree's ETF — or any other spot Bitcoin ETF — will give institutional investors access to the value of Bitcoin without investing directly in the cryptocurrency.
WisdomTree filed a very similar ETF in 2021. CboeBXZ then filed a proposed rule change in January 2022 to support WisdomTree.
The SEC rejected that rule change in October 2022, citing problems with inadequate surveillance-sharing agreements and protections against market manipulation.
WisdomTree's latest filing comes just days after asset management giant BlackRock filed a Bitcoin ETF.
While BlackRock's filing has yet to be approved, some are optimistic about the company's ability to provide a satisfactory surveillance-sharing agreement.
Bitwise has also filed for a Bitcoin ETF for immediate delivery after BlackRock. Some rumors suggest that Fidelity is planning a spot Bitcoin ETF, although those rumors have not been verified.
The SEC has yet to approve any spot Bitcoin ETFs in the United States.
bitcoin predictionI mentioned that if the downward channel is broken and there is an upward movement at this timing, it will likely rise significantly.
You can check my previous post for more information.
As the third extension of the third wave is currently underway, it is expected to demonstrate the highest level of increase.
We anticipate a length of 161.8% (33780) or 261.8% (42550) of the larger-scale first wave.
Bitcoin cryptocurrency market has surpassed 50%Today I want to talk about an exciting news related to Bitcoin (BTC). Bitcoin's dominance in the cryptocurrency market has surpassed 50%! This means that the majority of investors are putting their money into BTC.
Bitcoin is the first and most popular cryptocurrency asset, and its growing dominance signifies that more and more people recognize its potential. There are several factors that attract investors to Bitcoin, including its limited supply (21 million BTC), high liquidity, and a history of stable value growth.
Considering these factors, investors are looking for opportunities to purchase Bitcoin during market pullbacks. It's common for investors to seek buying opportunities when the price drops to $24,000 and then anticipate a rise to $35,000.
BTC Shockwave Alert: Unveiling a Potential 21.93% Dump
Technical Analysis:
A pullback is evident in the 2-day chart, indicating a potential further decline. You can view the chart here.
The 16-day chart also shows a pullback, which could impact the possibility of reaching the all-time high of $200k (a dream worth chasing!). You can see the chart here.
It is advisable to refrain from initiating long positions unless there is a significant breakout beyond the 32k level.
Please feel free to share your analysis and insights to enhance the shared idea. Additionally, your comments to know stop loss updates would be appreciated.
BTC/USDT BITCOIN IS BUILDING UPBITCOIN is building up some bullish moves let us see if the sequence will play out. According to the Elliot wave rules if you find an impulse with the complete waves of 1 to 5 then the next move to be expected should be a corrective wave of any patterns, but the pattern showing now is zigzag. Smart traders should patiently wait for the breakout before joining the bullish movement. Good luck