silver etf vs btc etfcorrelation of first TVC:SILVER etf vs first CRYPTOCAP:BTC etf aka Bull trap aka why I am short
IBIT trade ideas
📊 iShares Bitcoin Trust Bearish Close, Bearish StartIBIT ended the week on a bearish note. Trading started down/red and pullbacks were weak and short-lived.
The last 1h candle has an upper wick and closed at the sessions low.
➖ Monday is a Holiday in the USA —no trading.
➖ Tuesday, a bearish close can lead to a bearish start... Tomorrow is likely the day when everything starts to crash.
Enjoy today.
Prepare... Prepare base on reality and not based on expectations, expectations tend to disappoint.
Patience is key by the way.
Namaste.
IBIT VS GBTC - The Market Has Spoken. IBIT Raging
I did not personally expect this much Spot BTC being converted from GBTC to IBIT but the numbers are right there.
IBIT's low fee's and Blackrock's brand name have just drained the GBTC supply.
As of today
IBIT's holdings is $1,060,712,715.95
GBTC holdings is $23,707,965,989.80
This will become a close battle within months and the low fee battle will always exist.
ISHARES BITCOIN TRUSTHello traders!
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Have a good day.
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(IBIT chart)
Trading will begin with the approval of BTC ETF (ISHARES BITCOIN TRUST).
As you can see, the current trend is a downward trend.
In order to turn this downward trend into an upward trend, the price must rise above 23.60 to maintain the price.
However, since the volume profile section is currently formed in the 24.84-25.15 section, it is expected that the upward trend will continue only if it rises above this section.
The HA-Low indicator on the 1D chart is formed at the 24.40 point, so if it shows support in the 23.60-25.15 range, it is time to buy.
If you buy at the current price range, the 23.60-25.15 area is expected to be the first resistance area.
With the approval of the BTC ETF, I believe that the coin market has been officially recognized as an investment market.
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The biggest issue this year is the BTC halving.
Therefore, it is expected that we will prepare to continue the upward trend in the future.
Have a good time.
thank you
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- The big picture
The full-fledged upward trend is expected to begin when the price rises above 29K.
This is the section expected to be touched in the next bull market, 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 13401.28
151166.97-157451.83 (when overshooting)
5th: 178910.15
These are points that are likely to encounter resistance in the future.
We need to see if we can break through these points upward.
Since it is thought that a new trend can be created in the overshooting area, you should check the movement when this area is touched.
If the general upward trend continues until 2025, it is expected to rise to around 57014.33 and then create a pull back pattern.
1st: 43833.05
2nd: 32992.55
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** All explanations are for reference only and do not guarantee profit or loss in investment.
** Trading volume is displayed as a candle body based on 10EMA.
How to display (in order from darkest to darkest)
More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA
** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own.
** This chart was created using my know-how.
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