Monday launches the very first Bitcoin Exchange Traded Note (ETN) which will allow hedge funds to directly increase the Bitcoin price. I would not be surprised if the last price dump was pure manipulation to accumulate more BTC for a lower price. Volume analysis shows that bulls are buying more than bears sell, both on the 'on-balance volume' indicator (the OBV) and on the 'chaikin money flow' (the CMF).
"Prospectus approved by the Swedish FSA (Finansinspektionen).
The exchange traded note will be listed May 18th on Nasdaq Nordic in Stockholm."
xbtprovider.com/lang_en
"XTB Provider AB will hedge all sales of the bitcoin traded note by buying an equal value in the bitcoin market" ! ! !
www.coindesk.com/swe...s-bitcoin-based-etn/
/// And here are two comments from Tradingview traders I highly respect:
quote Jameve: daily looks good, as long as bfx holds 226-227 there is a higher low, I am not remotely concerned yet
quote LegIon: rsi arch says we could invert-muhn moar before invert-duhm
"Prospectus approved by the Swedish FSA (Finansinspektionen).
The exchange traded note will be listed May 18th on Nasdaq Nordic in Stockholm."
xbtprovider.com/lang_en
"XTB Provider AB will hedge all sales of the bitcoin traded note by buying an equal value in the bitcoin market" ! ! !
www.coindesk.com/swe...s-bitcoin-based-etn/
/// And here are two comments from Tradingview traders I highly respect:
quote Jameve: daily looks good, as long as bfx holds 226-227 there is a higher low, I am not remotely concerned yet
quote LegIon: rsi arch says we could invert-muhn moar before invert-duhm