The market always fills the gaps. Gaps are not common in the crypto market. But, as Bitcoin gain mainstream adoption and more investment vehicles get listed on traditional financial markets, these elements can play a relevant role in how its price moves. Gaps signal strong price reversals and point at suitable price levels that traders can use as support and...
This ETF is not really Bitcoin, it's a derivative. For a short term trade, make your gains here with and buy real Bitcoin on a real cold wallet. With now HBUT at sub $10 is a buy. You can't tell from the charts, there's no volume on HBIT/BITI because traders need volume. There's none on that junk so its just for snipers at this point (people with Level 2 and...
Great observation. I have been wondering the same thing since BTC & Spx flipped bear back to bull.
Hello, nice person! I believe it is time to add more entries. The market is becoming more confident in the ATH level breakout. I anticipate a pullback from the $60,000 zone and efforts to enter the $66,000 and higher levels during the week. I will try to take multiple entries in the $62,000 - $61,000 range, with a small position and risk. Many people expect a...
Canadian dollars or or HBIT.U $6.36 USD Don't be part of the mass that says "I should have bought Bitcoin when it was cheaper!" It's DIRT CHEAP! 1/40th of its stable state from my rough calculations where where 1 Satoshi is worth one penny (or so). Watch HBIT's volume increase as institutional whales come into the the world's new BITCOIN ETF! HBIT...
Intro: - Bitcoin is the first of its kind as cryptocurrency and is looked at a store of value like gold, just better. - The whole crypto market follows in some way the movements of the Bitcoin price while being much more volatile. - SEC confirmed that crypto will not be banned and especially Bitcoin and Ethereum will not be banned. Daily chart: - Price shows a...
Intro: - Bitcoin is the first of its kind as cryptocurrency. - The whole crypto market follows in some way the movements of the Bitcoin price while being much more volatile. Daily chart: - Price keeps hovering above 40k and so far stays below the descending purple line. - Volume is on a steady decline since Mai. Larger volume spikes are in red which confirms that...
GBTC POSITION TRADE Narrative, Use Cases, and Addressable Market can be found on the following link (pages 74-80): www.slideshare.net Position Trade: Grayscale Bitcoin Trust (GBTC) enables investors to gain exposure to the price movement of Bitcoin through a traditional investment vehicle, without the challenges of buying, storing, and safekeeping...
Cryptomaniacs crew! Like a wearying prizefighter, BTC is doggedly remaining in the ring despite appearances of fading energy. Bitcoin, along with the rest of the cryptocurrency market, is currently amidst an unmitigated period of indecision. Then again, you cant really complain about $10K BTC. Especially when global buyers have repeatedly stood their ground to...
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This chart displays the similarities on the trading patterns of the historical price of Gold before and after its ETF approval to Bitcoin's historical price in anticipation for its ETF approval decision. On March 28, 2003, the first Gold-backed ETF was introduced. The result was a +460% rise on Gold's price that reached $1920.80 on September 2011. Gold's pattern...
Hello, dear followers, as we can see price found support at 6890 level which located at the top of Accumulation Support Levels *6800-6340*. The Support level at 6890 is also come with MA50 Daily support: So for Plan A we should use this level as Stop Loss for Long Entry. Targets are above 7280 and maybe with optimistic 7460. Plan B will be activated as if...
Hello, On 3h TF we can see symmetrical triangle, there is 50% chance to go up or down, so Key levels on breakout displayed with arrows: DIP: 7130 TOP: 7790 Actually dip of 7130 meets with 0.5 Fibonacci retracement, so I am 70% sure that we are going to this level. But this is trading, so everything can happened. Be careful and good luck
The cartel has done done its work again by rejecting the Bitcoin ETF at a crucial break-out level. Luckely I've place my sell stop and am short now.
Gorgeous full flag forming for most coins including Cardano and BTC. I'm focusing on Cardano and Stellar being my top 2 of the Coinbase 5 team. For Cardano I'm dollar cost averaging my way down to 16 cents. We should see a slight pull back before beginning wave 5 according to this bull flag in progress. I am feeling very confident on this move because how...
We can expect Bitcoin to reach $80K if the ETF is approved. Gold had a bubble and crash at around 1980, which looks similar to Bitcoin's 2017/2018 crash. However, after gold's crash of 1980, the price had an increase of 300% from the ATH in 1980. Applying this logic to Bitcoin, we can expect an increase to about $80K if we take its current ATH of just under $20K...
With good news considering the ETF opening, it can be good to try a long.
The panic following the SEC's rejection of the proposed Bitcoin ETF looks like a good buying opportunity for long-term investors