Bitcoin Ignition - 7x Spot ETF + Repeating Fractals 12/16/23

SEC has left us with a spot ETF delay for Cathie Wood's fund, but as most are unexperienced this is actually a good thing and ill explain why.

1.ETF
Blackrock & Fidelity complained to the SEC that approving one fund at a time could and will lead to market manipulation and to an extent they're correct even though its not fair and the other funds just want to get into the action to reap rewards.

This means the SEC will be looking to approve majority of the spot ETFs together on one date and seeing how the next deadline is between 9/1 - 9/2 next month I expect the decisions to be made end of the week on a Friday.

• ETF Details
  
• iShares Bitcoin Trust (Blackrock) 1st Deadline 9/2/23
  
• Bitwise Bitcoin ETP Trust (Bitwise) 1st Deadline 9/1/23
  
• VanEck Bitcoin Trust (VanEck) 1st Deadline 9/2/23
  
• Wisdomtree Bitcoin Trust (Wisdomtree) 1st Deadline 9/2/23
  
• Invesco Galaxy Bitcoin ETF (Invesco & Galaxy) 1st Deadline 9/2/23
  
• Wise Origin Bitcoin Trust (Fidelity) 1st Deadline 9/2/23
  
• Valkyrie Bitcoin Fund (Valkyrie) 1st Deadline 9/4/23
  

I still strongly believe this will be the biggest spot ETF launch & biggest inflow in history of financial markets that will make news globally and hyper speed the potential cycle. And people are wondering why the SEC is taking their time making sure they do not screw up the regulation.

2. Enough time
--
In 2015
"910d" days peak to major trend breakout, "616d" if you count the first breakdown
--
In 2022
"910d" we are here again with the major trend being tested, this time "434d" if you count the breakout to come within the next months
--

• LMACD crossing the neutral moving average confirms momentum turning extremely bullish
  
• 7x Spot ETF's will eventually be launched at the same time latest by early next year
  
• 4W TSI about to make a cross point to low time frame momentum picking up
  
• (Red Line) Major trend line is being pressed up against like in 12/16 now 23
  
• The Finale always appears once people did not pay attention and take positions during this time.
  

Comment:

ARKK spot ETF Delayed, only filing missing the "surveillance sharing agreement" meaning Blackrock & Fidelity went out of their way to create an agreement with Nasdaq allowing the SEC to oversight spot purchases through Coinbase / OTC.

People need to go look at the ownership of "Coin" stock the same time refilling's have appeared for the spot ETF's by 7 institutions.

This is a coordinated chess move to take GBTC / ARKK's marketshare of Bitcoin meaning they have done their homework and all decided to work on this behind the scenes to get approved at the same time this is not "random". Blackrock has saved Coinbase and will turn it into the SEC for Bitcoin in the western markets.


And as much as Arkk was first this is the real world and Arkk innovation only manages Billions like a VC while these institutions manage Trillions.

The SEC in hindsight was never going to hand over the wheel to a fund who invests in many "altcoin" frauds and almost blew up in 2022. Arkk will most likely have to refill adding the SSA "essentially paying Blackrock and their friends going through Coinbase" or face being declined.

Blackrock thanks you for playing.



"The Commission has historically approved or disapproved exchange filings to list
and trade series of Trust Issued Receipts, including spot based Commodity-Based Trust
Shares, on the basis of whether the listing exchange has in place a comprehensive
surveillance sharing agreement with a regulated market of significant size related to the
underlying commodity to be held."

listingcenter.nasdaq...-NASDAQ-2023-016.pdf

Comment:

And for future reference what chance would I be putting that these 7x spot ETF's that have colluded behind the scenes to take this market? simple, go take a look at the mining companies they have been buying up everyday.

So the chances are beyond 90%+ for me that they get approved, I have been monitoring this for some time already predicting Institutions would have to make a complex silent move to make up for neglecting Bitcoin. Now its clear as day they have orchestrated a plan and the market really is not noticing at all.