ETF's in the cryptocurrency sector vs Bitcoin📉This graph shows the average price of the main ETF's in the cryptocurrency sector, and their correlation with Bitcoin.
🟢These are the ETF's aggregated here:
PROSHARES BITCOIN STRATEGY ETF
GRAYSCALE BITCOIN TRUST (BTC)
GRAYSCALE ETHEREUM TRUST (ETH)
AMPLIFY TRANSFORMATIONAL DATA SHARING ETF (BLOK)
BITWISE 10 CRYPTO INDEX FUND (BITW)
GLOBAL X BLOCKCHAIN ETF (BKCH)
GRAYSCALE LITECOIN TRUST (LTCN)
VANECK UCITS ETFS PLC CRYPTO AND BLOCKCHAIN INNOVATORS UCITS (DAPP)
BITWISE CRYPTO INDUSTRY INNOVATORS ETF (BITQ)
GRAYSCALE DIGITAL LARGE CAP FUND LLC (GDLC)
I would love to, but I don't think the price is going to go straight up to the moon🚀👎❌.
The banks will make it as difficult as possible (can you imagine if everyone got rich quick and easy without having to be a slave?), and they will manipulate the market to enter at the lowest possible price.
Funny, that they insisted and spread FUD one after another, that Binance should prove that it owns the customers' balance.
They tried to knock her down with this narrative, but they couldn't.
But what about banks, do they do that?
Could it be that if everyone shows up at bank doors asking to withdraw their paper money, won't the army show up with a bunch of war tanks to protect half a dozen tycoons?
I'm looking forward to the next narrative.
BITW
BTC Cycle Review: know when to hold 'em & when to fold 'emReviewing the time around the halving that produces profitable trending signals.
From the chart 1 yr and 2 months before the halving and 1 year 5 months after the halving produces profitable signals
consider pre halving to be spring
consider post halving to be summer
consider the red X between the two to be winter and unprofitable to take signals.
Posting this up as reference into the next cycle. interested to see how this plays out.
BLOK - OSTK -BITW -NVDA Crypto Related Stocks just cleared CloudThese are the next Crypto Related Stocks that just cleared the Green cloud with the cloud moving up. OSTK the cloud is diminishing but I think it has room to go up still. Other than that on all of these I would look for a pull back to atleast half of the last Green candle move over the last 24 hours. Then find a place to get in once it closes Green going back up with no pull back. I gave you 4 to watch because some might not do it as cleanly as the others. I would watch on something like an hour or more chart. I am using a 4hr chart here because it stands for a stronger move. I am not a financial advisor so dont blindly follow me into trades do your own DD.
In my last post you will find 5 other crypto related stocks and You will find all of them went up today. Mara up $4.20 big move there on an option call would have paid really nice. HUT 8 up 1.78 another big move. The other two are up .40 IBM i didnt list because its too much but it did go up .70.
Wait for the pull back to halfway and then wait for a green candle to close no wick on top, to pull the trigger.
by iCantw84it
10.15.2021
falling wedgeFalling wedge bullish continuation pattern. Wondering if previous pump possible short squeeze. 02/12/2021 8.29% short interest. www.otcmarkets.com
Premium at about 100% to NAV. Very expensive. Would be extremely foolish to short any Crypto stock IMO. Price could go either down to NAV at $50 or back up to test all time highs. Wait for breakout. A pump by bitcoin or other alt coin could send this back to the moon. High risk, high reward.
Bitwise BITW Percentage Above NAV Price #BTC #Crypto For the time being, it appears that BITW has bottom at around 35% above the NAV price. The last bottom was at around 23% above the NAV price.
Perhaps the next bottom after this could be 45% above the NAV?
Could we be seeing a trend here?
Could the next top in BITW be when the NAV reaches $40?
Is BITW Too Expensive? $BITWI think it might be...ya know...because the NAV is telling us it's over valued.
I noticed something interesting between the NAV and the price of BITW, if you look at the very low of BITW the price is around $20.74.
If you then look at the NAV line and where BITW topped out, you notice that the NAV price is $20.33 (ATH).
That's a $0.41 difference or almost a 2% difference between the ATL of BITW and the ATH of the NAV.
The reason I'm pointing this out is, maybe this is a clue for when to get out of this thing the next rocket ship cycle.
So, if BITW bottoms out at let's just say $30 on the next dump, we could see the NAV topping out at around $28 to $29 on the next pump.
Let me know if this makes sense or if it's too early to be spotting patterns like this.
But where BITW tops out the next pump...I have no clue.
Whole Chart
Zoomed In On NAV High And Price Bottom
First look at Bitwise 10 Crypto Index Fund #BITWThese guys are going places.
Be patient as the cobwebs may need to get sorted.
Competition in this space is great and has been needed to step -up existing compeditors.
Good luck to the team.
All the hard work appears to be paying off.
All the best to BITW.
I'm long.
-Cryptmando
(this is not trading advise)