I like how this looks, a lot. I think 30k comes soon. I believe we just broke out of diagonal resistance and retested it. The performance of btc vs equities has been impressive, i also anticipate the grayscale lawsuit to be a big catalyst over the next week. SEC has until Oct 13th to respond to the lawsuit and its looking good for grayscale imo. If grayscale...
Hello my dear readers! Many of us find themselves drawing parallels between past and present, searching for clues about what the future holds for Bitcoin. In this analysis, I will explore the comparison between Bitcoin's market bottom and rebound in 2019 and its current resurgence in 2023. Can we project a price target of up to $47,000 based on this...
If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better! I am seeing an impulse down. Is it a completed corrective structure, or a signal for some more retracement?
Hi Traders, Investors and Speculators of Charts📈📉 There has been interesting volatility on BTC in the past 24 hours, with fake news being released on X, alleging that the SEC approved Blackrock's iShare spot ETF (they haven't). Directly from the Cointelegraph website, 16 hours ago: "Earlier today, during routine coverage, Cointelegraph’s social media team...
Last week, I published my idea about the next massive move of BTC as it enters the crucial stage of the triangle in this chart of BITSTAMP:BTCUSD At 8 AM ET, we saw a price breakout of BTC from the near 2-year-long diagonal resistance. This leap happened upon the "breaking" news of SEC approval of the iShares Bitcoin Spot ETF application. The coin reached...
BTC spot ETF has been approved. This is why i have been saying to load up at these bear market levels. Not a time to fomo now, be patient. Its a NEWS pump. The risk of not loading at these Bear Market levels is too high. Once we dip start scooping, prepare for all scenarios, keep in mind a black swan can always still appear with the state of the world. Crypto...
Weekly Chart Bitcoin BINANCE:BTCUSDT is on the support zone around $25,000 and still Bullish Trend When zoom out to Daily Chart Bitcoin's in Accumulating Phase from $25,000 - $27,400 Previous Accumulating Phase happened in 63 days that makes me think the same for this one. Bitcoin is moving to Apex Zone and can breakout or breakdown but I think...
This month, BTC teeters on the edge, poised for a breakout or breakdown. Watch key levels: resistance at 31K and support at 25K. Crucially, the price nears the triangle apex. The closer we get, the more explosive the breakout. Stay tuned!
The recent significant whale move in the Bitcoin market, particularly involving the address 31pCdkyF6Ep8UkzpkWpv3SMbY3C5s7VhXL, raises concerns about potential downside risks for the cryptocurrency. Here are the key factors that might signal a bearish outlook for Bitcoin: Market Manipulation Speculation: The sudden deposit of 4,451 BTC (worth $133,689,815 USD) to...
Both historical (30 days) and implied volatility for Bitcoins is at all-time low levels. It seems like trades waiting for news about crypto ETFs approvals. It might make sense to buy straddle/strangle to put a market neutral positions expecting big move and increase in volatility in Q4/2023. Disclaimer Please remember that past performance may not be...
CRYPTOCAP:BTC bounced off the lower boundary of an ascending channel. Bullish movement to $32k is expected to happen.
After 67 days of price action we have a 4H descending wedge pattern, and currently the upper boundary is being tested. The SPX had a similar long term pattern formation as shown on the chart. The breakthrough of the upper boundary resulted in a 13.88% rally up past the previous local high and looks extremely bullish right now. Perhaps there will be a cool off...
Bitcoin enthusiasts have reason to be slightly bullish given recent developments in the market. While BlackRock's decision to file for a bitcoin trust instead of an ETF might initially disappoint some, it's important to recognize that the trust and the ETF have similarities, as many people rightly point out. Although there are technical differences, particularly...
On 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 has been on center stage with last week's rise after BlackRock, the world's largest money manager filed an application to run the first publicly traded spot bitcoin ETF in the US. The Securities and Exchange Commission has been on a repeated decade long rejection of an ETF based on trading in the underlying bitcoin asset. If however this time the industry...
The introduction of the first leveraged Bitcoin futures ETF, the Volatility Shares Trust - 2x Bitcoin Strategy ETF (BITX), marks an intriguing development in the cryptocurrency market! The idea of institutions employing this ETF as a strategic move to capitalize on their bearish view of Bitcoin is plausible. This ETF presents a new opportunity for institutions...
The first leveraged Bitcoin futures exchange-traded fund (ETF) has been approved by the U.S. Securities and Exchange Commission (SEC) as of last week. On Tuesday, June 27, Volatility Shares 2x Bitcoin Strategy ETF (BITX) is set to debut on the Chicago Board Options (CBOE) BZX Exchange. In its SEC filing, BITX stated that it “seeks investment results that...
Last weeks high: $31443.0 Last weeks low: $28847.4 Midpoint: $26251.8 BTC experienced a massive week of price action last week with nearly non stop climbing up to a high of nearly 31.5K. The all important 32K is still yet to be tagged this year however we have made new yearly highs with acceptance above 30K The news of a Bitcoin ETF cancelled out the SEC &...