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OIH: Keep Going! 👏OIH is on its way toward our green Target Zone (between $$321.09 and $339.97), nearing the last local high from the end of January. We expect the ETF to arrive in said Target Zone during the orange wave ii before the orange five-wave downward structure should continue, ultimately concluding below the support at $277.30 (but still above $250.69). Still, there is a 32% chance that the orange wave Alt.ii has already finished without reaching our Target Zone, which would be confirmed by the price dropping below $277.30 earlier.
AMEX:OIH
by MarketIntel
OIH: Come on! 👏Since the low of wave ii in orange, OIH has already managed some strong upwards moves, but so far, it could not successfully conquer the resistance at $276.85. However, we expect the ETF to climb above this mark soon to develop wave iii in orange. Afterward, the short counter movement of wave iv in orange should interrupt the ascent, before the following upwards step should lead to the top of wave 2 in turquoise. There is a 35% chance, though, that OIH could slip downwards and drop below the support at $250.69 instead.
AMEX:OIH
by MarketIntel
OIH: Rebound 🏐Impulsively, OIH has bounced off the resistance at $276.85, which now marks the top of wave iv in magenta. Next, the ETF should continue the downward trend below the support at $250.69 to complete the magenta-colored three-part movement and thus expand wave 3 in turquoise. However, a 35% chance remains that OIH could take a northbound detour, climbing above the resistance at $276.85 to develop a new top in the form of wave alt.2 in turquoise first before turning southwards again.
AMEX:OIH
by MarketIntel
VanEck Digital Transformation ETF SHORTYear-to-date, bitcoin prices are up 72.7%, and crypto ETFs like the Valkyrie Bitcoin Miners ETF (WGMI C+) are also impressively up 128.9%. WMGI is currently the highest performing equity ETF YTD, while the remaining top 10 ETFs are all also crypto-related ETFs. This outperformance has been catching investor interest, but flows haven’t been matching up. WGMI has only $5.7 million net inflows this year, which places it at 647 out of 1,969 equity ETFs — just barely in the top third. Some investors may still be reluctant to invest in crypto despite bitcoin prices rising back to near the $30,000 level, while some long-term crypto fans are still adding to their crypto allocations. Even for those that aren’t huge believers in the crypto industry, crypto ETFs can be a simple, familiar way to invest in a high-reward/high-risk portion of a market — which may fit into many investor portfolios in small allocations of 1%–5%. This note looks at a brief history of crypto ETFs, including what ETFs are currently available, while explaining some of the key differences between the different types of crypto ETFs. What Crypto ETFs Currently Exist? Before I describe the different types of crypto ETFs, it is useful to look at the crypto ETF industry timeline. The Ark Next Generation Internet ETF (ARKW C+), which holds the Grayscale Bitcoin Trust (GBTC) and Coinbase Global (COIN) as its largest holdings, can be traced back to its inception in September 2014. Back then, the ETF was called the ARK Web x.0 with top holdings like LinkedIn (eventually acquired by Microsoft (MSFT), Netflix (NFLX), and Amazon (AMZN). True blockchain ETFs didn’t appear until a few years later in 2018. The Amplify Transformational Data Sharing ETF (BLOK B-) and the Siren Nasdaq NexGen Economy ETF (BLCN C) were the first blockchain ETFs to launch on January 17, 2018 (although BLOK was actually the first to file for registration). After a couple of more launches, things were relatively calm for several years, until 2021 when more unique products began to appear partly due to higher Bitcoin prices and more investor interest (see chart below). The VanEck Digital Transformation ETF (DAPP C+) kicked off a new wave of launches in April 2021, but it wasn’t until May 2021 that the Bitwise Crypto Industry Innovators ETF (BITQ ) was launched as the first ETF with crypto in its name. Several other crypto equity ETFs appeared as bitcoin headed toward another peak. In October 2021, another significant milestone occurred — the ProShares Bitcoin Strategy ETF (BITO ) was launched, which was the first futures-based ETF. This was followed by other futures-based bitcoin ETFs like the Valkyrie Bitcoin Strategy ETF (BTF ) and the VanEck Strategy ETF (XBTF ). The ProShares Short Bitcoin Strategy ETF (BITI ), which is the first and only inverse futures bitcoin ETF was launched in June 2022. Since then, only a few ETFs have launched — the latest was launched on September 30, 2022. In 4Q22, the crypto industry hit a rut with the collapse of FTX and bitcoin prices falling below $20,000. With lower prices and some investor reluctance, several ETFs have closed in 2023. The Viridi Bitcoin Miners ETF (RIGZ) closed on January 4, 2023, followed by the Volt Crypto Industry Revolution and Tech ETF (BTCR), which closed on January 17, and the VanEck Digital Assets Mining ETF (DAM), which closed on April 24. With the closures of RIGZ and DAM, WGMI is now the only bitcoin mining ETF in the U.S. Despite the number of closures, there are still around 25 crypto ETFs in the U.S. which serve various purposes and can provide investors with different options. A few of these types are listed below.
DShort
by DaveBrascoFX
GDX: Gardening 🌱🌷🌹It’s springtime and GDX is working on wave B in green in its green garden between $30.01 and $32.58. Soon the ETF should harvest the respective high, which could be settled anytime. Afterward, the course should turn and leave the garden on the southern side to expand wave ii in orange. This downwards movement should end well before the support at $21.52, though, so that GDX can resume the ascent. However, there is a 38% chance that the ETF could slip below this mark and thus continue the descent instead.
AMEX:GDX
by MarketIntel
2
GDX: Rise and Shine! ☀️GDX seems to have woken up and is showing its high spirits by climbing upwards. We now consider wave ii in magenta to be finished, and thus expect the ETF to continue its way above the resistance at $28.83. Once there, GDX should gain even more upwards momentum to rise above the next mark at $40.13 as well. We should still keep in mind our alternative scenario, though, as there remains a 40% chance that GDX could lose its steam and drop below the support at $16.18. in that case, we anticipate further descent.
AMEX:GDX
by MarketIntel
1
GDXJ: Shilly-shally…GDXJ is still hesitant to finally complete wave ii in magenta and is turning downwards again. As it can, of course, use the whole magenta colored zone between $37.26 and $24.77 to finish the overarching downwards movement, we give the ETF some more time to get its work done. However, as soon as wave ii in magenta is through, GDXJ should veer to the north, crossing the resistance at $36.58 and heading for the next at $51.92 from there. A 40% chance remains, though, that GDXJ could break through the magenta colored zone and drop below the support at $19.52, thus triggering further descent.
AMEX:GDXJ
by MarketIntel
GDX: GDXcellent!GDX has proceeded to follow our primary scenario and has reached the support line at $28.83 by now. Next, it should drop below this mark and into the magenta zone between $27.49 and $19.52 to finish wave ii in magenta. Afterwards, the ETF should focus upwards, rise back above $28.83 and even further above the resistance at $40.13. However, there is a 30% chance that GDX could fail to turn within the magenta zone and could fall below the support line at $16.18 instead, thus continuing the descent.
AMEX:GDX
by MarketIntel
GDXJ: Testing the watersAfter jumping down from its last high at the lower edge of the blue zone between $51.27 and $62.63, GDXJ has fallen below the mark at $36.58 to test the waters of the magenta zone between $37.26 and $24.77. We expect it to gather more downward pressure to advance deeper into the magenta zone, where it should finish wave ii in magenta. Then, the ETF should turn around and climb back above $36.58. From there, it should continue the ascent towards the resistance at $51.92. However, there is a 30% chance that GDXJ could break through the magenta zone and subsequently drop below the support at $19.52 instead.
AMEX:GDXJ
by MarketIntel
VanEck Oil ETF (USA: $OIH) Ripe For The Picking 🍊About VanEck Oil Services ETF The investment seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the MVIS® US Listed Oil Services 25 Index. The fund normally invests at least 80% of its total assets in securities that comprise the fund's benchmark index. The index includes common stocks and depositary receipts of U.S. exchange-listed companies in the oil services segment. Such companies may include small- and medium-capitalization companies and foreign companies that are listed on a U.S. exchange. The fund is non-diversified.
AMEX:OIHLong
by Bullishcharts
GDX Daily TimeframeSNIPER STRATEGY (new version) It works ALMOST ON ANY CHART. It produces Weak, Medium and Strong signals based on consisting elements. NOT ALL TARGETS CAN BE ACHIEVED, let's make that clear. TARGETS OR ENTRY PRICES ARE STRONG SUPPORT AND RESISTANCE LEVELS. ENTRY PRICE BLACK COLOR TARGETS GREEN COLOR STOP LOSS RED COLOR DO NOT USE THIS STROTEGY FOR LEVERAGED TRADING. It will not give you the whole wave like any other strategy out there but it will give you a huge part of the wave. The BEST TIMEFRAMES for this strategy are Daily, Weekly and Monthly however it can work on any timeframe. Consider those points and you will have a huge advantage in the market. There is a lot more about this strategy. It can predict possible target and also give you almost exact buy or sell time on the spot. I am developing it even more so stay tuned and start to follow me for more signals and forecasts. START BELIEVING AND GOOD LUCK HADIMOZAYAN
AMEX:GDXLong
by hadimozayan
Upcoming bull market in rare earth mineral ETFThanks for viewing, I get a lot of satisfaction from identifying assets and asset classes that are under-valued. That means looking at some rather hopeless looking charts and looking for potential. Identifying under-valued assets e.g. commodities in chronic supply deficit is also a great way to both diversify a portfolio with uncorrelated (or negatively correlated) assets. "Rare earths, which are used in the high-strength magnets found in much of the latest tech, from smartphones to wind turbines to electric vehicles, will remain a primary issue for the resource sector well into the next decade as more countries in the west work to create supply chains that depend less on China (investingnews.com)." I will lay out my case for rare earths and you let me know what you think. For: - Bullish RSI divergence between Jan 2016 and March 2020 swing lows. Bullish RSI is when a lower low on the price chart is displayed as a higher low on the RSI. Not a bullet-proof indication, but a sign of weakening in the trend. I have identified some snorter-term bullish and bearish divergences in 2016, 2017, and 2019-20 that marked changes in the direction in price, - A significant draw-down (think retracement). Of course the over-all trend is down presently, and there is the possibility that it could go lower, but I see signs of a recovery. - Increasing volume. - A very bullish aspect is the recent move (+86% in <100 days) since March 2020 which was achieved with much lower than average volume. When the chart goes up on low volume it strongly suggests that sellers are exhausted. - Rare earth metals will be essential to a tech-driven / sustainable energy economy. I do mean essential, they allow jet engines to burn hotter, have greater reliability, and run more efficiently. The move to more efficient aircraft is a meta-trend that is only more important in present times - despite low travel demand (think aircraft retirements due to efficiency - the goal now is for airlines to lose the least money and more efficient aircraft. - China reduced production targets significantly in 2018 due to reducing rare earth reserves (global reserves once stood at 70% but have reduced to ~37% in 2018 www.prnewswire.com) - Trade war. - Whatever happens in the vote in November, the world is turning away from China. Factories are relocating, the possibility of both cold and hot wars are being discussed. But whatever happens, rare earth metals are "strategic metals." That means defence and industry in the US and elsewhere needs them to function almost regardless of commodity price. In 2019 the Chinese Communist Party (CCP) threatened retaliation against the US via halting or restricting the export of rare earth minerals to the US. - Both the US and China have threatened tariffs or restrictions on rare earth minerals, - There are signs that they are making good on this threat (although recent actions are not associated with a clear public CCP announcement about why exports are being limited from the CCP - they never are), - China rare earth exports account for 78% of US rare earth imports in 2017. The US is currently dependent on this stream of imports. Any substitution of supply is going to take a long time to eventuate. - Global trade is generally becoming "stickier" in terms of politics, transport, and travel. Against: - It is an ETF and I generally mistrust ETFs (e.g. SPDR GLD). While they can be useful, I will limit my ETFs to smaller positions. - It is an equity ETF, so it carries higher risk than other more stable investments. - The majority of Companies are from China. I am not a China expert, but I know enough to be concerned with the veracity and verifiability of their financial reporting, and maybe more importantly, there is a possibility that the CCP may annex some Companies or require them to do things that run counter to the organisations own best interests (i.e. restricting or blocking selling to some willing buyers). - Investing in China may not suit you depending on your position on moral investing e.g. Chinese human rights record, mining pollution, or that in China or mine worker death rate is 10x that of the US. - I expect a widespread draw-down in global equities due to a generalised deleveraging. So mining / refining equities will also be hit - possibly harder than average. - MACD weekly histogram is trending downwards and a MACD moving average cross-over to the downside is also possible. - I would put a short-term price at $28-34. - The underlying securities in the ETF have an aggregate PE ratio of 37, which is on the high side. - REMX has a 0.69 correlation with the SPX in the past 3 years, which is surprising given that the charts have been going quite different directions (0.7 and above is considered a strong correlation). If the time-frame was longer, say 5-10 years), the correlation would be lower. On the fence: - I will continue to buy on weakness and am looking for price to hold above $23.91 (i.e. make a higher low) for my bullish outlook to hold. If that low is not exceeded, I would call the bear market over. My outlook is rather bullish, but even if we get a 61% retracement (of 2011 highs), that would mean 500%+ gains from the $23.91 low. If I had to put odds on it, I would lean 70:30 towards bullish - maybe more - given the political situation. If someone should make an ETF with high quality rare earth equities that excluded Chinese companies I would increase that to 80:20 or more. I could write more, but I'm not sure anyone is here at the end :P Protect those funds
AMEX:REMXLong
by flyinkiwi10
11
Bitcoin - As Horizon Fades - Short-Term - Part 5Cryptocurrency Market Stalls As Horizon Fades The cryptocurrency market appears to have stalled out in the wake of several fundamentals that failed to deliver. Bakkt’s weak BTC futures debut and the withdrawal of VanEck SolidX’s ETF proposal both adversely affected the market, and today’s slump is a direct result. Investors and traders look to impending fundamental factors as price drivers. In their absence, traders only have charts upon which to rely, and it goes without saying that BTC’s chart hasn’t painted the prettiest picture in recent weeks. The turbulence of the market has sidelined all but the most adventurous traders. As far as rollercoasters go, this one has been pretty thrilling, a little scary, and entirely unpredictable. Additionally, the BTC hash rate flash crash didn’t do anything to assuage investor concerns that the Bitcoin network is both secure and stable. An easy way to gauge just how few traders have a sense of direction in these tumultuous times is to read a Crypto Twitter feed. Currently, it appears that all of Crypto Twitter is expected a drop to the $6K range, if not lower. The more posts you see about meta-crypto topics, things Binance is doing, or dogs, the deeper in a bear cycle the market is. While there is, without a doubt, every possibility a sizable decline will occur, we’re not entirely sold. That’s alright, though. We’ve said this before, and so have many others, but it’s always worth repeating: Markets move in cycles. The BTC halving is approaching, and quickly. Getting in position to take advantage of the presumed price run leading to BTC’s quadrennial event will be the modus operandi of every intelligent trader in the market. At the time of writing, BTC appears to have stabilized above $8k. Without any fundamental price drivers in the immediate horizon, the next milestone to look to is the May 2020 halving. In our humble opinion, the rocket is refueling. But, if you’re the one strapped in the rocket and waiting for launch, it’s easy to become impatient with the process you’re unable to see. Rockets aside, BTC is currently cooling at $8,200 – a far cry from $10K. Crypto’s #1 is throwing mixed signals into the air. Both weekly and 2W timeframes displayed clear weakness by closing below HTF demand OB EQ at $8,259.80. Additionally, there is an olympic-size pool of demand resting below us from $7,200 to $6,000 - $5,650 . That roughly translates as traders notGiven that, we won’t be surprised to see BTC find a price floor above the catastrophic lows being predicted. Will quantum computing break crypto? A requisite ability in any cryptocurrency investor’s skillset is that of reading seemingly disconnected events for the ways they may be relevant now, or in the future. Case in point – Google reached its “quantum supremacy” milestone, meaning the company’s rudimentary quantum computer outperformed a traditional one. In a nutshell, quantum computers can easily run through impossibly sophisticated computations in the blink of an eye. Whereas a cluster of some of today’s best computers may take months, to complete a complex calculation, quantum computers will do them in seconds. What has that got to do with crypto? Bitcoin, Ethereum, and the rest are cryptographically encrypted digital assets. Their security is guaranteed by the difficult calculations required to append transactions to the blockchain (via mining). However, a quantum computer, in theory, can easily power through the calculations which cryptographically secure digital assets today. In essence, quantum computers can potentially break blockchains. In response, blockchain architects are generally doing one of two things: 1. Researching and deploying quantum-resistant cryptography as quickly as possible. 2. Deploying quantum-based blockchains which play nice with their computer counterparts. This prospect has been thoroughly researched arxiv.org but can’t be undertaken until quantum computing is established, stable, and well understood. Concerns over how the rise of quantum computing may affect Bitcoin are well-founded but early. Google and IBM have both progressed much faster than anticipated, though their prototypes have a very long way to go before posing a threat to Bitcoin or blockchain generally. Technologies also grow in tandem. As progress is made in the quantum computing arena, there will be trickle-down and cross pollination to other sectors – like blockchain. Back in 2013, Ethereum founder Vitalik Buterin tried to get funding to build a quantum computer himself. More recently, he suggested quantum-resistant Lamport Signatures as a way to future proof blockchains. For additional reading on the subject, we suggest the following research paper titled “Bitcoin and Quantum Computing” > for more read this Article //arxiv.org/pdf/1711.04235.pdf Well keep you updated as this timely issue evolves. We go together Together we are stronger Share and like I am not Bearish long term. I am a Bull of Bulls. Thanks God bless you! =============================================================================== Twitter > twitter.com Telegram > t.me =============================================================================== CAUTION! DISCLAIMER Trading is risky. Here s a small explanation about why Im giving insight into my trades. Crypto is all about trust and transparency and that is what ID like to bring. Dont expect me to tell you how much crypto I actually own because thats none of your business. But I Will tell you how big my position will be in regard to my trading portfolio. Secondly and actually the main reason im doiing this, is to proof to all the HALTERS out there that you can earn money with trading crypto. Most people are skeptical about trading because they heard horror stories about people who lost all their money. Follow my journey and let me proof therm wrong. At the end of the day, the most important thing is how good are you at risk control. Booking some losses during trading is perfectly normal, so im not afraid to show those losses. Most traders dont give any insight in what they because they perfectly know they suck and dont have a clue what they are doing in regard to risk management. Risk comes from not knowing what you're doing. Just like every trader, Ive seen ups and downs in my journey. I started trading stocks. And you can guess what that meant for my portfolio. Yes thats right, it was almost completely wiped out. But I pressed on, learned a lot about technical analysis and here we are. I have experience in trading stocks, options, and commodities . So you can assume that I know how to deal with risks. =============================================================================== $BTC $BCH $BNB $XLM $EOS $ETH $ADA $LTC $TRX $XRP $IOTA $LINK $XTZ $BTT $XMR $NEO $BTT $MATIC $XMR $MRK $XEM $ONT $DASH $BAT $ZRX $LSK $NANO $REP #altcoins #bitcointrading #BuyTheFear #BuyTheDip @btc @RedditBTC #CRYPTO #BITCOIN #BTC ===============================================================================
BITSTAMP:BTCUSDShort
by ferGOD
2
BITCOIN - Bakkt’s & VanEck’s ETF - Part 1A Bitcoin sell off does not always mean it is trending, it is all a matter of perspective. If you focus on one hour charts, you will see a trend! For those who do not realize yet, losing is part of this game. When I was a beginner, I hated losing and used to make the mistake of letting my performance determine the value of my self worth. Back then, a colleague of mine used to always remind me that in order to win, you have to be able and willing to lose. It took years for me to fully appreciate those wise words. If you can't lose, you can NEVER win. Losing provides opportunities to develop, improve and grow if your level of emotional intelligence brings them to light. Over time these opportunities will lead to experience that will contribute to developing a personal process. We follow a process that allows us to make the best use of our time and attention while participating in broader movements when the market cooperates. In other words, once the criteria lines up, and we are triggered into a trade, it is up to the MARKET from there. We DO NOT react to noise, over think or second guess. As long as our risk is defined, it is up to the market to do the rest. Many may be over reacting to the bearish movement and assuming a trend. They will use trend following strategies, while over looking the fact that Bitcoin is still gyrating within a broad range (14K high to 9K low). Since price has not made any progress outside of this range, we continue to view it as a consolidation UNTIL it proves otherwise. Proof will have to come in the form of a break out, either below 9K or above 14K. We don't predict, we adjust and prepare. What if price breaks lower? The 9K area is the extreme support where a fake out can most likely occur. We trade the long side only, so this is an error that we automatically avoid, but many will get sucked in. IF price can clear 9K decisively, ONLY then will we consider the 8500 support level in play. For our investment strategy (SEPARATE from swing trades), the 9K to 8500 - 7500 area is attractive when it comes to accumulating more inventory. In summary, Bitcoin is fluctuating around the lower region of a broad range, it is NOT trending on the degree to which we place the most weight on. For our swing trade strategy, this means the probability of the location favors long setups. We make every effort to remove ourselves from the equation and let the MARKET determine when to enter and exit a trade. Reacting is what often leads to errors and losses compared to letting the market present and trigger a trade idea. What are your rules? How do you define a market that is in a trend? Or in a range? How do you measure your risk and reward relative to the current price structure? If you can't answer these questions clearly and decisively, then you should not be risking real money. Most new traders and investors come to this arena focused on profit, and overlook the value of consistency. Risk is the only variable we can truly control which is why our process begins with a defensive mindset. This is why we can be right less than 50% of the time, yet still produce a positive return overall. BTC Back in Business Hope you all had a restful labor day! Nothing quite like a respite from the usual to hit the reset button and start the week fresh. Speaking of fresh starts, BTC found renewed vigor as it unexpectedly jumped from $9,400 up to $10,700. The run-up from $9,600 was particularly vigorous. Ascending volume matched bitcoin’s rising price tag tit for tat before topping out in a stride. The latest move confused anyone seeking logic behind it. However, it correspond very nicely with the news that VanEck SolidX is offering a limited bitcoin ETF to institutional investors. In the short term we have: • VanEck’s unexpected ETF offering • Bakkt’s bitcoin futures live date on the 23rd • Final ETF decision arriving mid-October The takeaway is that we’re entering a precarious time rife with potential for extreme volatility. Remember, volatility is not just to the downside, but to the upside as well. Bitcoin’s 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 than a fake out attempt at breaking from the triangle, but banking on that by being short now is more risk than we’re willing to stomach. After all of these weeks spent sideways and slipping lower We’re monitoring the situation closely and will keep you up to date.
Short
by ferGOD
4