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BTC ETF is near, SEC deciding soon!!Hello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ A bitcoin exchange-traded fund (ETF) based on futures looks increasingly likely to be approved by the U.S Securities and Exchange Commission this month, pushing the market more than 30% higher this month and almost reaching $60k level and with the possibility of the first Bitcoin futures ETFs being launched as early as next week, bullish sentiment is soaring. This marks a major milestone after nearly a decade of fielding crypto ETF applications. Replaying to the Dollar, BTC has reached $59.8k Which is the highest value for BTC since the mid of May The regulator isn’t likely to delay the products’ introduction to trading next week, But a decline is possible until the decision is final. These ideas, which are based on futures contracts, offer "substantial investor safeguards" that differ from Bitcoin ETF filings previously rejected by the SEC. The futures product is likely to be the first one approved since they are viewed more favorably by regulators. Futures are governed by the Chicago Mercantile Exchange (CME) and require investors to put down cash on margin to trade them. Possible Scenario for the market : This push will probably lead the price to the $60k level, If that is to happen the Bulls will see this as a confirmation of how much power they hold over the market right now and they will be aiming to hit the resistance level at 61692.00 this week. But never forget that when a market is going under a big decision we might see a wide range of movements that might seems Bullish or Bearish until a decision has been made. If a Bearish movement happens it will probably reach the support level at 56665.00 and might extend to the 55072.00 level. Technical indicators show : 1) The market is above the 5 10 20 50 100 and 200 MA and EMA (Strong Bullish signs) 2) The ADX is at 26.31 showing that the market is trending with a positive crossover between DI+ (26.04) and DI- (13.00) 3) The MACD is above the 0 zero line indicating that the market is Bullish with a positive crossover between the MACD line and the Signal line Daily Support & Resistance points : support Resistance 1) 56665.0 1) 58258.0 2) 55976.0 2) 59162.0 3) 55072.0 3) 59851.0 Weekly Support & Resistance points : support Resistance 1) 49286.0 1) 58335.0 2) 43594.0 2) 61692.0 3) 40237.0 3) 67384.0 This is my personal opinion done with technical analysis of the market price and research online from Fundamental Analysts and News for The Fundamental point of view, not financial advice. If you have any questions please ask and have a great day !! Thank you for reading.
BITSTAMP:BTCUSDLong
by GabiDahduh
#HEX consolidation continues #HVF pattern still valid Notice how the selling of this 3rd down draft is at a reduced angle in time. In amidst the regulatory pressure from Gensler and his wide net approach of calling everything a security It is more important to ever to note the unique properties of HEX No ICO No Premine I year launch phase during which Bitcoin holders were able to claim and mint their own HEX using a cryptographic signature completed product from day 1 No roadmap or team of developers to fund. Users mint their own coins/rewards/interest No centralised authority is required. Coins trade on DEX's In essence true defi
Long
by BallaJi
2
Make $1M+ if you follow this strategy or lose everything.Respected Traders, Hope you're all doing well and made fat money in this bull run in the stock market. Finally I have got a great news for you. Make 1M+ dollars. News: S&P 500, DOW Jones, Russel 3000 crashes on 30th October 2022. This in turn will bring the whole crypto market and the global stock market to crash as well. Although we could see weakness starting from 30th September 2022. That would be your warning signs. T.A. They tell me we are in a parabolic run and we would fall from it like the BTC did in march 2021. I see a slight decrease in volume everytime there is a dip. What to do? Short everything. Growth stocks, dividend stock, ETF, SPACs, crypto. Short treasuries too if you want but hey no shorting value stocks. For max return copy MichaelJBurry portfolio. And hey if you lose sue me. and if i win SEC you can sue me as well. I don't flipping care. Till then enjoy your ride my bears and bulls. Thank you. Your respectively Dante. An artist in investing.
SP:SPXShort
by desmondmilesdante
Bearish on alt coinsInteresting how Coinbase gets a Wells notice from the SEC near midnight lol. Interesting Twitter thread for more on the subject by @_log_scale_ on this. Seems like, with more adoption, more regulation will be at play to determine which coins are commodities vs securities via the Howey test; where a security is an "investment of money in a common enterprise with a reasonable expectation of profits to be derived from the efforts of others". Meaning there is a chance that bitcoin comes the U.S.'s native currency as it is considered a commodity. But for 99% of altcoins... its over for them as many of them have employed teams building the code, startup capital from ICOs, DeFi lending yields, etc. making them a security... which is at risk of being delisted from CeX's. Overall, go short on altcoins. Long on BTC and any true commodities on the crypto space deemed from the SEC.
CRYPTOCAP:TOTAL3Short
by linebands
BTC MARKET ANALYSIS 8.9.2021Bitcoin price declined over 15% and tested $42,000 against the US Dollar. BTC is recovering, but it could face sellers near the $48,500 and $49,000 resistance levels. Bitcoin started a major decline below the $50,000 and $48,500 support levels. The price is now trading well below $50,000 and the 100 hourly simple moving average. There was a break below a key bullish trend line with support near $52,150 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is correcting losses, but the bears are likely to remain active near $48,500 and $50,000. Bitcoin Price Recovers Above $45K Bitcoin price failed to clear the $53,000 zone and started a major decline. BTC broke the key $52,000 support zone and the 100 hourly simple moving average to into a bearish zone. There was also a break below a key bullish trend line with support near $52,150 on the hourly chart of the BTC/USD pair. The pair even declined heavily below the $48,500 support zone. Finally, there was a spike below the $45,000 support zone and the price tested the $42,000 level. A low was formed near $42,000 before there was a recovery wave. The price climbed above the $45,000 resistance. It broke the 23.6% Fib retracement level of the recent decline from the $52,800 swing high to $42,000 swing low. An immediate resistance on the upside is near the $47,500 level. It is near the 50% Fib retracement level of the recent decline from the $52,800 swing high to $42,000 swing low. The first major resistance is near the $48,500 level. A close above the $48,500 level could pump the price in the near term. The next major hurdle for the bulls could be near the $50,000 zone. More Losses In BTC? If bitcoin fails to clear the $48,500 resistance zone, it could start a fresh decline. An immediate support on the downside is near the $46,500 level. The first major support is near the $46,000 level. If there is a downside break below the $46,000 support zone, the price could extend its decline. In the stated case, the price could test the $43,500 support.
BINANCE:BTCUSD.PLong
by globalsymmetrygroup
1
XRP BREAKING THE BULLISH FLAG ! Almost 175 million XRP were moved to the "taconstand" wallet that belongs to Jed McCaleb and was set up when Ripple Labs started – back in 2012. The amount of 174,862,720 XRP totals approximately $210,051,020. Earlier today, it was reported that McCaleb's "tacostand" wallet's balance is now 709,911,469 XRP. Researcher Leonidas Hadjiloizou tweeted that the wallet from which the Ripple giant had been sending XRP to Jed is empty now. On Aug. 16, McCaleb's wallet contained 821 million coins remaining. Since then, before receiving 175 million XRP on Sept. 1 from Ripple, Jed has sold 112 million coins, according to data from XRPscan. According to forecasts from the jed.tequ.dev website built by the XRP community, Jed is likely to sell all of his XRP by Dec. 5, Dec. 22, Dec. 24 or January 2022 – depending on the weekly and monthly scale of his XRP sales.
Long
by globalsymmetrygroup