#trumpcoin DWAC SPAC - PONZIED - Crypto Bubble - Frauds AbundantBuyer Beware. Another Billdo Pershing Square look a like. A money grab. Good luck poggers. HOLD FOR BROKE HOPIUM.
ETF
1 day BTC price upside prediction TO THE MOON GUYSToday I was over leveraged and some big whale son of a b* wanted to liquidate me, and many like me who thought the Valkyrie ETF would generate a big bull run to 70k , but some bulls wanted to make profits before that, so those damn whales dumped the price albeit being behind all this fake ETF frenzy to generate FOMO and then selling the hell out of it , now they bought the dip, and going forward. This is probably a big WYCKOFF going on.
Bitcoin Where To Now? $70K Resistance Possible Drop Below $60kCheers to everybody in Bitcoin and in cryptocurrency! Very exciting times to be in this space. It's always great to know that pretty much everybody in Bitcoin is profitable whenever Bitcoin reaches new all time highs!
Ideally we want to hold the $60,000 level for Bitcoin but dropping below $60,000 is always a strong possibility. I believe the first real major resistance for Bitcoin will be at $70,000 or in between $75,000 if we continue this uptrend.
We're pretty overheated on the daily oscillators indicating a pullback may be upon us. Support levels if we drop below $60,000 I'm looking at support around above $55,000. We're looking bullish on the weekly time frames in my opinion.
The fundamentals have gotten much stronger since the Bitcoin ETF which will enable a great amount of money to come into cryptocurrency in the coming months. Specifically into Bitcoin. I believe the next coming months will be very historic once again.
Much peace, love, health, and wealth!
BITO: $41 | BTC: $63,000 Fwd Price $550k by 20224when Gold at $200 first issued an etf sometime in 2003 it's price went to $1800
that was a an 800% price upside in 7 years
in currenty times 2021 with all the technology and access to markets.. that 7 years may just be recuded to 7months or maybe even weeks
next halving is 204 around March.. and $550k BTC should be around that area
CRYPTO ETF - THE ESCAPE ROUTE FOR PROFIT??AMEX:BITO
I'm not a fundamentally based trader, however, there are times where a theoretical story seems likely to supplement the technical analysis side of the (bit)coin.
Technically: Most IPOs are pretty obvious as to what is support and resistance are after a few days of trading. Therefore, mapping out potential levels in the future become easier - especially if happens to align with large round numbers. The areas shaded are in my opinion the ONLY places I would pay attention to.
Fundamentally: Bitcoin is at HI's again, and crypto is prevalent in the news with the launch of its first ETF (paving way for others). If anyone is looking to get out of bitcoin near its all-time HI, double top, then we need buyers. These ETFs are providing the liquidity for the sellers aka the escape artists to profit from the buyers and new players into the crypto world. We may see absorption of this buying (temporarily?) before we see bitcoin, crypto, and BITO ETF suffer some.
Small moves in the grand scheme of things where you can still profit.
Just an idea....
Canadians trade Bitcoin within RRSP? Bull and Bear?Looks like all the Canadians stuck with toxic dollar=based high priced equity can buy in fake Bitcoin via ETF. Complete junk but highly tradable. For Bitcoin when the Bull is running (like now), BUY HBIT
When the bear returns, switch to cash-is-trash or BITI to go bear on Bitcoin.
Use the leverage. On this trading style we will be fairly agreesive since we prefer to be in cash since the legacy markets run on obsolete banksters hours and systems.
Move to the new world of internet money. The truth. And until there is a true physically based backed Bitcoin ETF, trade this ETF scams. Heck a lot better than any mutual funds.
THIS IS NOT FINANCIAL ADVICE - TRUST YOURSELF - VERIFY EVERTHING ELSE.
BTC Toughest Test YetBTC is looking to take out the former trend support that has held as resistance for the last 5 months. It is also fighting against the neckline of the rounded top/ head and shoulders pattern that formed Feb-May. If Bitcoin is able to flip both of these lines (Which is exactly where BTC reached before slightly dropping). Then I think we can confirm that the bull market is back in full swing. Until we flip these lines do not enter long positions with high leverage. Because we could move sideways for a couple days and then move to the .5-.618 fib levels. 51k and 43k should hold as support. Until these 2 lines are flipped I think it is best to remain neutral. Do not give in to FOMO. You can still get a great entry when bull market is confirmed.
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Couple Potential ScenariosIve just included a couple of scenarios that could play out for BTC. At this point I am pretty neutral and just waiting for something to push me toward a side. There are still some pretty bearish divergences on the 1W and 1M charts. If we do break ATH id expect 72k to come rather quickly. If we fail to break ATH we could see a couple of weeks of sideways action before falling to the downside.
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"Wall Street Bitcoin" Lovely baby chart on the 15minWell, as someone who is extremely critical of toxic Wall Street Instruments. I am impressed with this "futures" BS "Bitcoin-link" instrument of mass destruction. Fortunately, Bitcoin, unlike manipulated gold and silver commodity markets, is a world-wide, distributed and battle hard spaceship.
Gifted to us by the gods not though gold but though MATH AND TRUTH! And the charts over today's first trading day on crook street (banksters hours) shows a lovely 15 min period chart ending with a warm bullish engulfing candle. Warms my heart.
Enjoy the ride people. Trust yourself first. And verify the rest!
Notes: First date trading:
$40.88 OPEN
24.284M VOLUME
BITO is NOT an investment because it's decays with futures contract roll overs. Great swing trade position. As we break 65K, BLUE SKY BREAKOUTS to .... (TBC)
#bitcoin blasting off to new all time highs!!! Amazing action.quick summary
and just a opportunity to congratulate the HODLers
bitcoin ETF... good startBITO is the new index to watch! Greyscale files to convert Bitcoin found into an ETF...
Bullish Bias on ETHThe general consensus is bearish right now.
So many people think that the ETF tomorrow will be a "sell the news event."
I am not wasting even a second considering the outcome of that. It is already priced in, nothing will come of it. What im wondering is why nobody is remembering the massive cup and handle pattern we are in, the supply shortage on exchanges, and how we just had the highest candle close ever on bitcoin.
You have to be an idiot to think that the cup and handle pattern is less telling than some ETF being approved. Who cares about this ETF? If we do crash (go below my red line) I blame it on the media pushing this stupid ETF news so much. This is crypto, we don't require catalyst events for mega pumps.
Crazy Divergence RSI With the ETF news coming out tomorrow I think we could see one final fake out pump to trap some bulls before we head to the downside....
The reasons being...
- Extremely bearish divergence on the 1 Week Chart as well as the 4H , 1D , 3D
- ETF news coming out tomorrow (Buy the rumor, Sell the news)
- Long overdue for correction
- Still havent broken above the yellow line as graphed.
- One of the top 3 largest BTC holders have been heavily unloading since 50k.
- Everyone is optimistic - Greed/Fear Index is at EXTREME GREED
- Volume is significantly lower than the last time we were at this price.
- Most bears have flipped bulls due to weekly candle close at ATH
Weed Sector Capitulation and Accumulation (MJ) What's going on with weed stocks?? There are justifiable claims that some of these companies could still be overvalued. However, despite declining price, On-Balance Volume remains relatively high compared to what we saw during the last major downward swing between March 2019 and March 2020. This could signal accumulation. Additionally, the UO (ultimate oscillator - red) shows a bullish divergence on the daily chart.
People who own weed stocks know they need to be patient. The more capital and wealth one has, the easier it is to be patient. This drives accumulation by wealthy entities. I've noticed signs of emotional capitulation by retail weed stock owners. Sentiment is truly awful. Meanwhile, price is just barely sitting on a major horizontal support level.
Interestingly, MJ didn't start to truly bounce from the 2020 lows until Bitcoin started to make its rally towards all-time high last fall. Does the weed sector follow once more?
Below here, and the next support isn't really until around $10, so I see this as a pretty fearful moment in this sector. If it gets down to those lower levels, perhaps I'll purchase more. I'm not really in any hurry. Even in a financial crisis, weed will not lose demand. In fact, as mental health issues increase, so do coping strategies such as smoking/using weed. The weed industry also involves the stable price of a good. Goods and services won't go anywhere in a financial crisis. Weed is a particular kind of resource, so I think it will trade differently. This is part of my reasoning behind my own accumulation.
I guess we'll see! If MJ can bounce hard from these levels, I think it can complete a longer term accumulation process and begin to exit the trading range.
This is not financial advice. This is purely for speculative and entertainment purposes.
-Victor Cobra
