CFDs on Gold (US$ / OZ)Updated bitcoin following in golds footsteps, "wen etf?"
Pretty cool how gold goes through the tech bubble crash followed by a spot ETF shortly after.
bitcoin went through the crypto bubble crash following the same macro falling wedge pattern, if history repeats this move is going to catch majority of bears and bulls off guard here like what happen with gold.
could be something to consider what if this time the bull market happens into the halving date peaking when the halving happens in 2024?, this would mean the bull market that people expect to happen after the halving could happen prior this time.
Two things the market is not considering -
1. bitcoin bull market begins now and ends sooner than expected mid 2024
2. Ethereum and altcoins to be completely regulated out of existence in the first world. (most of the capital will rush back into Bitcoin)
Bitcoin is what happens when you take Gold and plug it into the digital world and increase the scarcity while incentivizing decentralized energy. .
the reason Bitcoin looks like its moving 7 years for every 1 year on Gold is because it should be its superior.
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La Caution - Thé à la Menthe - The Laser Dance Songyoutube.com/watch?v=k4Xx0k_TVY0
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Blackrock Spot Bitcoin ETF has been created, Bitcoin in prices you can't imagine are closer than people realize. sec.gov/Archives/edgar/data/1980994/000143774923017574/bit20230608_s1.htm
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Bitcoins moving even before the spot ETF's have been approved what a time to watch this unfold!Note
Haha wow if the spot ETF's get approved leaving the pattern just like the Gold time frame, that would just be perfect.Note
8/13/23 Second Deadline SEC21Shares Bitcoin ETF (ARKB) Spot ETF next week decision.
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BREAKING: ISHARES SPOT BITCOIN ETF RECEIVES CUSIP NUMBER IBTC 46438F101.Spot ETF's have begun seeding reserves for the launch.
Price target still in play.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.