✨GRAYSCALE WINS AND BITCOIN ETF! ✨ ✨ Absolutely amazing news here with the ruling by the D.C Circuit having ruled in favor of Grayscale in it's lawsuit against the SEC for the SEC's decision to deny Grayscale's conversion to an ETF successfully paving the way for Grayscale's filing/ETF petition to be reviewed.
✨ This amongst a series of losses and hard hits for the SEC the past few weeks has been shocking, no doubt casting doubt upon the SEC's decisions and reasonings with the Judge pointing out the fact that the SEC did in fact not offer any explanation or reason for why Grayscale could not file an ETF/go through with the conversion.
✨ This of course doesn't mean or give a 100% confirmation of Grayscale being successful with the Bitcoin ETF, but the ruling alone in itself is a huge achievement and will allow Grayscale to get another chance basically, and this time the SEC can't slap them away or deny the review.
✨ Such is the reason behind the big move up we've had today across the market with Bitcoin and XRP leading the way as whales jump back in amongst the positive news/outcome which had been weighing on the market considering Grayscale alone manages over $14 billion in assets and holds $643,572 BTC as of currently which definitely holds a lot of weight in the market.
cointelegraph.com ] cointelegraph.com
✨ I'll leave the idea there for now but I've attached a link to an article below by Coin telegraph which should help explain more things about the ruling in detail for those of you that would like to read in more but regardless it's very positive and I'm happy with things of course.
✨ Thanks for joining me as we go about our crypto journey, not just as one, but together. It's not always easy but days like this really help ease the mind sometimes. Feel free to leave a like or follow, never hurts and always helps. Thanks and all the best!
~ Rock '
Bitcointa
CountOnCrypto - Bitcoin Forecast 11/05/2021There is currently an apparent Rising Wedge formation on the 1h BTC:USD pair.
This is highlighted by a few factors; there is a downward trend of volume in addition to a bearish divergence on the Relative Strength Index (RSI).
We would be looking for a large bearish spike on the Volume indicator whilst testing the 0.382 Fibonacci $53845. The RSI also needs to read above 50 for us to be in an uptrend in addition to us trading above 56k which is the 0.5 Fibonacci ration ( mid way in the local trend ).
We have also broken below the 50EMA on the hourly which is something Bitcoin needs to remain above to stay in an uptrend.
That, alongside the Rising Wedge; I am expecting more downside and for us to find support between $53.8k - $51.2k .
As always, trade with risk management and don't risk any money on the market you can't afford to lose!
What's The Move? Beyond Technical Analysis $BTC/USDT Beyond Technical Analysis of $BTC BINANCE:BTCUSDT on Daily candles
BITCOIN NEWS:
- This week, both Lightning Labs, which maintains the Lightning Network Daemon (LND) implementation of the Lightning Network, and Blockstream, which maintains the c-lightning implementation, updated their tech stacks. -
- According to a Sept. 17 blog post from the Bitcoin Man of Bakersfield’ (BMB) — a self-described “anonymous growth hacker and media manipulator” — he selectively placed 100 Bitcoin Cash (BCH) QR code stickers worth $1,100 total around the streets of the city this week. -
These levels will hit hard, support my effort to provide you educational charts with a simple like! Really appreciate it!
YOUR TRENDLINES ARE WRONG... WE BROKE THE DOWNTREND, JUST STOPARE YOU GUYS SERIOUS RIGHT NOW? WE BROKE THE DOWNTREND WE ACTUALLY BROKE BACK ABOVE 9K ARE YOU SERIOUS? WE HAVE BEEN TESTING AND HOLDING 9K SUPPORT BOUNCING IN A TRIANGLE FOR 2 WEEKS DONT CAUSE A BACKTRACK FOOLS I SEE A LOT OF CHARTS THAT ARE WRONG! JUST WRONG! STOP CALLING FOR 6K! YOU BEAR IN BULLS CLOTHING! STOP IT... IF WE DUMP ITS BECAUSE OF YOU.... SOME OF YOUR PEERS MIGHT START A PANIC DOMINO SELL OFF BECAUSE OF YOUR STUPIDITY... GIVE TA UP IF YOU REALLY THINK THAT THIS RECENT ORIGINALLY STARTED FROM SOME WHALES 3K IN ONE DAY PUMP DIDNT BREAK US OUT OF THIS DOWNTREND.... WE WERE IN IT SINCE JUNE ARE YOU KIDDING ME RIGHT NOW? ARE YOU STUPID? YOUR LINES ARE ALL WRONG ITS UPSETTING TO SEE YOUR IDEAS...
WE SHOULD BE PUMPING MORE RIGHT NOW TBH... WEVE BROKE OUT AND HELD 9K SUPPORT .... GET REAL THAT STUPID MANIPULATED CASH SETTLED CME GAP WAS FILLED YALL TRIPPING BRUH HOW MANY MORE 9K TEST DO YOU NEED IF YALL DUMP THIS YALL CRAZY BRO FR
Nobody SHOULD BE IN CRYPTO FIAT STABLECOINS JUST STOP THIS INSANITY FUD WILL BE THE DEATH OF US... YOU ARE THE VOLUME
STOP RESISTING...
STOP IT
THIS THING IS PEER TO PEER DONT BE IDIOTIC
YOUR A WEAK HANDED SELLER
IF WE SELL OFF ITS BECAUSE OF YOU
I DONT LIKE MANIPULATORS
WEN WILL YALL BUY THIS? IF WE DUMP! WOW
JUST WOW!
THIS ISNT COMING OUT RIGHT I HAVE SOME MUCH TO SAY AND FEEL ABOUT THIS.... IF WE DUMP
NO WAY
Bitcoin LONGWell our last fractal worked out perfectly, now we counter fractal and long it. Meant to post this at 6815 but we already seem to be heading back up. We are also sitting in the golden pocket .618 fib retrace which is bullish. I think we could top out at 7500 by the end of the week, we will have to see. Ill publish more ideas up to then. Thank you, :)
Bitcoin SHORTSimple. We are in a curve fractal and we are curving down. Bullish volume is decreasing,this is also an equilibrium, meaning that the candle will basically mirror themselves. They came up bullish, now we fall bearish. Now if we go sideways, which i doubt, then the fractal is basically over and we look for new fractals or continuing ones which are in play on bigger time frames. Now if we break above 7150 then we should shoot up to around 7300. Trade at your own risk. :)))