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Btcetf

Bitcoin - ALL IN - Tight StopTraders, This is never recommended. For the first time, I have put 100% of my trading portfolio into Bitcoin with a tight stop preceding this supposed BTC ETF approval today. I do believe we are nearing a local top on this 3 month bull run, however, my chart shows that we still have a little room to run. I suspect 48k will be our line of resistance even though we could wick through that to go as high as 52k today. The rest will become a sell the news event IMO. And if the BTC ETFs are not approved, my fairly tight stops should liquidate and take care of salvaging too big of a loss. Entry - 43884 Target - 48237 SL - 42337 RRR - 2.8 LFG!
INDEX:BTCUSDLong
by stewdamus
1
BTC EFT Update and US30 Analysis. Today's focus: US30 Pattern – Consolidation / ascending triangle pattern. Support – 37,400 Resistance – 37,770 Hi, and thanks for checking out today's update. Crypto had a mainly higher but, in some cases, muted response to news that BTC ETFs will become a reality. We have run over some of the news and moves since yesterday. The US30 is today's chart, and we are seeing a similar situation to what we discussed in yesterday's ETH update. ETH was one of the better-performing majors after the news hit yesterday. The US30 sits in a continuation pattern that's inside a consolidation pattern. Buyer momentum remains firm today after yesterday's rally, and we are looking at tonight's CPI data. If CPI remains unchanged or surprises the downside, we will look for further upside on the US30. If it comes in hotter than expected, this could turn the price lower from resistance or above, depending on where price is later tonight. US CPI data is due at 12:30 am ADET Friday. Good trading.
U
by Eightcap
BTC short at 48500~5250012 time frame - BTC is approaching to the predicted top now, from our previous analysis, that indicated 48k is the top of this bear. However, considering the heated news about ETF, no matter truly or false approved, I think 52500 is the limitation for pump, so this is a proper position to set up a trading plan to short BTC with low leverage. Here are suggestions for position control: 1. ETF approval (a) BTC > 48500: leverage: 30% of total fund (b) BTC < 48500: wait for retest 48500 leverage: 30% of total fund 2. ETF rejection (a) BTC > 48500: leverage: 40%~50% of total fund (b) BTC < 48500: wait for retest 48500 leverage: 40% of total fund
Short
by EthanTW
2
ETHUSD: Thoughts and AnalysisToday's focus: ETHUSD Pattern – Consolidation / ascending triangle pattern. Support – 2166 Resistance – 2371 Hi, and thanks for checking out today's update. Today, we are looking at ETHUSD on the daily chart. What's next for Ethereum? Will we see a new leg higher break resistance? A lot will come down to the SEC and its pending approval of the BTC ETF, but it is far from a safe bet that crypto will continue to move higher after the approval. While the majority believe that prices will continue to move higher with increased demand, there's also the risk of buy the rumour and sell the fact. Considering that, we can't discount the last several months of gains across multiple crypto coins. Looking at ETHUSD's price, buyers still look to have the cards in their corner for now. We can see a consolidation in the current uptrend, and we have also noted the bullish continuation pattern that is also visible in price at the moment. If the Bulls reign supreme after the SEC approval (hopefully this week), we want to see a strong breakout from the current area that closes above resistance and back into the 2400 area. With further confirmation, that could be the start of a new leg higher. Good trading.
EIGHTCAP:ETHUSD
by Eightcap
Ten Reasons BTC Sould Hit $155k - $210k This Market Cycle But...Here's my revised "Potential Path To $150k+" chart, adding in 3 new factors that further point to the higher Fibonacci targets on this chart and potentially hitting $220k Bitcoin. As the 3.618 accurately predicted the exact market cycle top in 2021 (drawn from the 2018 Hi / Low cycle)... The same scenario could play out for the 2024 bull cycle, with each of these TEN factors potentially 'igniting' the other smoldering 'fires' into a giant bullish blaze. Kind of like a good ol California forest fire. When the smaller fires meet, the blaze begins. The following TEN factors show 3 potential levels for Bitcoin upside in 2024, which I've labeled as 3 scenarios described in more detail below (Likely, Probably and Possible). 1. BlackRock & Fidelity ETF's Approval - (Slated for this week by January 10th - 95% chance)). 2. QE Money Printing To Pay Down US Debt - (The US rising debt levels require easing soon). 3. Bank Failures, Bank Runs & Transfer Into BTC - (More bank failures are likely. BTFP ending). 4. Hyperinflation & De-Dollarization (BRICS) - (We haven't seen effects yet, but still brewing). 5. Corporate Accumulation - MSTR / Apple /Tesla - (MSTR raising 750M Common Stock for BTC). 6. Country Accumulation (New Reserve Currency) - (More will follow El Salvador this cycle). 7. Post-Halving Less Bitcoin Miner Selling ($12B) - (Miners will have less to sell > 2024 halving). 8. Less Available BTC On Exchanges - (More retail wallets will creasing demand / supply shock). 9. Increasing Political Support For Bitcoin - (Politicians joining the narrative will push in favor). 10. Bursting of the Sovereign Debt Bubble - ($35T of COVID money globally straining global economies). Any ONE of these and likely the ETF approvals could and will be the needed 'spark' that ignites this Bitcoin forest fire, which will never be put out and only grow. I've broken these down into 3 scenarios... Likely Target ($100k) - Bitcoin was widely 'expected' to hit $100k in the last cycle, and the math supports the reasons why. With $20T+ in investable assets in Gold + Silver + US Real Estate in 2023, just 10% of this moved over to Bitcoin gives BTC a $2T market cap alone. It's also the 1.618 Fib target for the next cycle as shown. Probable Target ($155k) - Looking at the bars pattern from the Oct 19th 2020 breakout, we can see a rapid rise in Bitcoin followed, driving price up to the April 2021 initial high for BTC. This also coincides with the 2.618 Fibonacci target on the charts. Possible Target ($210k) - Again looking at the last cycle drop starting in Dec 2017, to the low in Dec 2018, the 3.618 Fib target was exactly where the peak around 64K in April 2021. Many believe this to be true 'high' although later we had a Wyckoff 'Thrust' higher to $69k. In the near term, the bars patterns also shows confluence for a pause right at the Fib Golden Pocket between 48K and $50k. Since round numbers act as market magnets, I feel $50k is the next push higher before a meaningful profit taking pullback. Also notable is the 21 week MA which has been an excellent support / resistance barometer over the years, and price has just firmly broken above that in recent weeks. So this is looking very bullish to me here, and I'm expecting we go higher... Time will tell if one or more of these scenarios come to pass! But I've also added 3 potential negative scenarios (and may add a 4th) which may pour water on this fire from the start, and are unknowns worth noting. 1. It's the First Ever Macro Global Recession for Bitcoin (Could a US recession drag this down?) 2. Still Small Possibility of ETF Delay or Not Approved Yet (This would cause a massive sell-off) 3. Spot ETF's May Mark a Market Top Like in Previous Cycles (No way to know the ETF effect). And here's a notiable #4 not yet on the chart... 4. Issues With BTFP Expiration Causing Bank Failures (Forcing the Fed to start dropping rates). When the Fed actually starts Dropping Rates, markets usually go down initially... See the excellent article Arthur Hays recently put out detailing this scenario. What do you think will happen this week and into the Halving??
COINBASE:BTCUSDLong
by BrettFogle
4
08/01/24 Weekly outlookLast weeks high: $45912.61 Last weeks low: $43426.20 Midpoint: $40939.80 It's ETF decision week! ARK invests application for a BTC ETF has a deadline of January 10th (Wednesday) to either approve or deny registration. At the end of last week we started to see much of the market prepare for this news event as altcoin liquidity moved into BTC or cash ready to be deployed on the result of the decision. We know this as altcoins bled against bitcoin quite dramatically, some alts falling as much as 30% from their recent local highs. For this weeks outlook all eyes are on the SEC for their decision. The general sentiment is there will be a large single candle on approval towards 50K, with a sell off after. History has shown a 30% drop in a bull market is a healthy correction which would see us revisit the mid 30K area before the build up to the halving. It is worth noting that just because that seems to be the most common theory it doesn't always work out that way and especially if on the off chance the ETF is denied, panic will descend on the market aggressively so be careful. Volatility is definitely on the cards this week that is for certain.
INDEX:BTCUSD
by ProR35
"Battling Resistance: Bitcoin's Weekly Struggle and ETF-Induced On the weekly timeframe, Bitcoin has been facing significant hurdles in overcoming a well-established resistance area. The ongoing struggle to surpass this key zone, situated around $43,250, is of paramount importance. The impending closure of this timeframe holds critical significance, as it is imperative for Bitcoin to secure a decisive breakthrough above this resistance level. A successful breach could potentially open the doors for an upward trajectory, with the next targets set around the $47,000 to $48,000 range. Despite the optimistic outlook, caution is advised, considering the possibility of a deceptive market move. This cautious approach is especially prudent given the imminent release of ETF-related news, which has the potential to trigger heightened volatility in the market. Staying vigilant and acknowledging the unpredictable nature of the market is essential in navigating the current landscape.
INDEX:BTCUSD
by CRYPTOMOJO_TA
Major Levels Are Now Being Broken in the Altcoin Space!Traders, In this weekend's video, I am continuing my cautionary tale. You'll remember in my last video that I went all contrarian on you regarding the Bitcoin ETF approvals. I was not necessarily bearish. But I am not necessarily bullish either. I am only observing some indications on the charts that warrant caution. And thus, I stated that we need to be prepared to expect the unexpected. We could be at a mid-cycle top and the whole ETF approval thing could be a sell the news event. Altcoins, now seem to be backing that hypothesis as major support levels are being broken all around. We'll take a look at what I am observing on these charts.
INDEX:BTCUSDShort
by stewdamus
Bitcoin: ETF = sell the news event + pre-halving drop alignThe closer we get to a spot bitcoin ETF approval (~2nd to 10th of January 2024) the more I think it will play out as a crypto typical "sell the news" event. I kind of think it's priced in already and the latest rally was 90% driven by this narrative. Please don't get me wrong, I'm sure BTC-ETFs will have a positive impact on price for all the obvious reasons, but not immediately on approval but ~2 months later when the ETFs will actually be available. And now imagine you are one of the Blackrock guys who want to sell their brand new btc ETF to large customers, wouldn't it be beautiful, if you could offer them BTC at a great price? What I'm preparing for is this: Sell the news event in early January 2024 --> price down to the green buying area (30k - 25k) and very maybe (though unlikely) even wicks down below closer to 20k. Sideways into the halving ~18th of April 2024. Next bull run 24/25 from there. (Please note: the whole idea of a "sell the news" event around the ETF approval obviously only makes sense as long as BTC stays at least above 40k. If it sells off significantly (35-30k) before it might as well play out exactly the other way round and we'll see some ETF approval rally in January.)
COINBASE:BTCUSDShort
by play_with_the_whales
BTC ETF! What Is Going To Happen In Markets ?In the next 25 days, the approval decision for the #Bitcoin ETF is anticipated. The market reaction to such news is often influenced by three types of news psychology: > Sell The News: Traders may opt to sell their assets once the news is officially announced. > Sell Before The News: Some investors may choose to sell their holdings in anticipation of the news, trying to secure profits or avoid potential losses. > Buy The News: If the news is positive, there might be a surge in buying activity as investors seek to capitalize on the favorable outcome. With the BTC ETF approval looming just 24 days away, it's crucial to consider these scenarios. The second scenario, "Sell Before The News," suggests that some traders may take a cautious approach by selling off assets ahead of the announcement. Following the news, the third scenario, "Buy The News," could come into play if the outcome is positive. Conversely, in the event of unfavorable news, the first scenario, "Sell The News," may result in a market sell-off. Investors are advised to make their decisions based on their risk tolerance and market analysis, keeping these news psychology scenarios in mind. This chart is likely to help you make better trade decisions if you consider upvoting it. I would also love to know your charts and views in the comment section. Thank you
by CRYPTOMOJO_TA
4
Bitcoin Trades this MorningTraders, As you know, my original target is 31,600. Obviously, from the chart, you can see that 30k is significant resistance as well. Because of the quick pump this morning due to spot ETF approval news, I sold half my BTC at that 30k level. After dropping back down I decided to re-enter at 28k thinking that we'll now use that 200-day SMA for support. Overall target still remains 31,600, however, I may make another play at 30k pending price action, volatility, etc? SLs are 24,500 but honestly, I am considering taking them out completely and simply DCA'ing in another 10% of the total port for every level down we hit (if we get that lucky). We are getting close to moon time now for BTC and I don't want to be shaken out on the way down the way shorts were liquidated just this morning. I'll let you all know if/when I remove my stops. Best, Stew
INDEX:BTCUSDLong
by stewdamus
COIN Inverse Head and ShouldersCoinbase is breaking up and out of an inverse head and shoulders pattern as the crypto platform benefits from a rising Bitcoin price and news that Blackrock has chosen COIN as the custodian for the Bitcoin that they will have to acquire if their Bitcoin ETF is approved by the SEC. Blackrock BTC ETF filing ignites price rally: www.nasdaq.com Blackrock ETF approval rating is 575-1: www.ccn.com Coinbase will be Blackrock BTC custodian: www.cnbc.com Opened a trade in COIN this morning at $79.21; stop loss is at $67, take profit is at $136.
NASDAQ:COINLong
by PrepForProfit
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% Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch! ✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes. --- • Look at my ideas about interesting altcoins in the related section down below ↓ • For more ideas please hit "Like" and "Follow"!
BITSTAMP:BTCUSD
by Crypto4light
Commitments of Traders (COT) report for Bitcoin futures Commitments of Traders (COT) report for Bitcoin futures on the Chicago Mercantile Exchange (CME) as of June 13, 2023. Here's a breakdown of the data: Bitcoin Futures (Code-133741): Total Open Interest: 13,251 contracts Non-Commercial Traders (Speculators): Long Positions: 10,086 contracts Short Positions: 9,343 contracts Spreading Positions: 1,875 contracts Commercial Traders: Long Positions: 122 contracts Short Positions: 1,309 contracts Total Reportable Long Positions: 12,083 contracts Total Reportable Short Positions: 12,527 contracts Total Nonreportable Long Positions: 1,168 contracts Total Nonreportable Short Positions: 724 contracts Changes from the previous report (June 6, 2023): Long Positions: Decreased by 20 contracts Short Positions: Increased by 6 contracts Spreading Positions: Increased by 314 contracts Commercial Long Positions: Decreased by 65 contracts Commercial Short Positions: Decreased by 74 contracts Total Reportable Long Positions: Increased by 229 contracts Total Reportable Short Positions: Increased by 246 contracts Total Nonreportable Long Positions: Decreased by 4 contracts Total Nonreportable Short Positions: Decreased by 21 contracts Percentage of Open Interest Held by Each Category of Trader: Non-Commercial Long Positions: 76.1% of open interest Non-Commercial Short Positions: 70.5% of open interest Commercial Long Positions: 0.9% of open interest Commercial Short Positions: 9.9% of open interest Number of Traders in Each Category: Non-Commercial Traders: 38 traders Commercial Traders: 54 traders Percentage of Open Interest Held by the Largest Traders: Long Positions: 66.5% (4 or less traders) and 73.6% (8 or less traders) Short Positions: 33.9% (4 or less traders) and 48.9% (8 or less traders) Micro Bitcoin Futures (Code-133742): Total Open Interest: 7,915 contracts Non-Commercial Traders (Speculators): Long Positions: 4,685 contracts Short Positions: 6,160 contracts Spreading Positions: 593 contracts Commercial Traders: Long Positions: 188 contracts Short Positions: 0 contracts Total Reportable Long Positions: 5,466 contracts Total Reportable Short Positions: 6,753 contracts Total Nonreportable Long Positions: 2,449 contracts Total Nonreportable Short Positions: 1,162 contracts Changes from the previous report (June 6, 2023): Long Positions: Increased by 178 contracts Short Positions: Increased by 95 contracts Spreading Positions: Increased by 139 contracts Commercial Long Positions: Increased by 16 contracts Total Reportable Long Positions: Increased by 333 contracts Total Reportable Short Positions: Increased by 234 contracts Total Nonreportable Long Positions: Decreased by 18 contracts Total Nonreportable Short Positions: Increased by 81 contracts Percentage of Open Interest Held by Each Category of Trader: Non-Commercial Long Positions: 59.2% of open interest Non-Commercial Short Positions: 77.8% For Bitcoin Futures: Total open interest: 13,251 contracts Non-Commercial Traders (Speculators) hold the majority of the open interest, with 76.1% of the long positions and 70.5% of the short positions. Commercial Traders hold a smaller portion of the open interest, with 0.9% of the long positions and 9.9% of the short positions. The number of Non-Commercial Traders is 38, while there are 54 Commercial Traders. The largest traders (4 or less) hold 66.5% of the long positions and 33.9% of the short positions, while the largest 8 or less traders hold 73.6% of the long positions and 48.9% of the short positions. For Micro Bitcoin Futures: Total open interest: 7,915 contracts Non-Commercial Traders (Speculators) hold 59.2% of the long positions and 77.8% of the short positions, making them the dominant group. Commercial Traders hold a smaller portion of the open interest, with 2.4% of the long positions and no short positions. The number of Non-Commercial Traders is 50, while there are 34 Commercial Traders. The largest traders (4 or less) hold 26.5% of the long positions and 52.4% of the short positions, while the largest 8 or less traders hold 35.4% of the long positions and 68.2% of the short positions. Key Points to note: Speculators (Non-Commercial Traders) hold the majority of the open interest in both Bitcoin Futures and Micro Bitcoin Futures. Commercial Traders have a smaller presence in terms of open interest. The number of traders is higher for Bitcoin Futures compared to Micro Bitcoin Futures. The largest traders have a significant influence on the market, holding a considerable portion of the positions. Please note that the COT report provides insights into the positions held by different types of traders but does not indicate future price direction or market trends. It is one of the tools used to analyze market sentiment and positioning.
INDEX:BTCUSD
by Wakandian