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ETH ETF Approval and Consensus 2024Congratulations to all holding ETH and all in crypto as a whole! This past week has been MASSIVE for legislation in the field. This ETF approval shocked me- I figured it'd happen just not so soon. Turns out crypto is going to get more and more intersected with politics as time moves on from here on out... As for ETH's price and the market, I am basing my analysis on how the BTC affected its price. It's also worth mentioning that we don't know yet when the ETH ETF will begin trading. Hong Kong's ETH ETF has not been remotely as successful as BTC, but I am optimistic on how ETH will perform here in the US. Regardless, I like many others agree the ETH ETF won't be remotely as popular as the BTC one has been. To be honest, I never really ever thought the ETH ETF was that important for its success anyways- but this approval legitimizes the asset and the entire digital asset space as a whole. I'd argue this legitimization is even more important than the inflows will be. My prediction is a copy+paste of the price action of BTC after the ETF approval. Maybe we dump for a little bit more and then run up? I could see Consensus 2024 maybe speeding up this process- that convention starts on May 29. Crypto generally does well at the end of May every year, so I'm optimistic that maybe this goes up way quicker than I am expecting. Good luck everyone! This has been a fantastic 2024 so far, and the trend is on our side.
COINBASE:ETHUSDLong
by seqwhence
3 Different Bull Scenarios for BTC Apr-May 2024 🍃🌻🥵I should preface and say that these 3 different predictions are based off a similar price action that occurred between June and July 2017, where the sentiment for BTC was very similar to the current sentiment we face here in April and May 2024. I believe that a lot of the run up of this bull market for the next year or so will be similar to 2017 where positive news for BTC keeps coming. I know some argue the ETFs don't play a big role in price action, but I strongly disagree long term. If BTC has taught me anything throughout the years it's that information and knowledge of the asset has only strengthened its fundamentals and allowed it to prosper to what it is today. When individuals truly understand the benefit of having BTC in their portfolio (or even retirement), it's a notion/idea that can't be easily shaken off. Given that interest rates are likely to be cut later this year and inflation showing no signs of slowing down, I think it's impossible for me to be bearish on BTC. The largest asset managers in the world will not stop hyping up BTC and their ETFs. This all being said, I was very wrong about the short term price action and am re-evaluating possible scenarios that may play out in the next 2 months. June-July 2017 was a moment in time where BTC just pressed up against $3,000, got rejected, and it took an entire month for it to eventually blow straight through. While the overall sentiment seems very positive for BTC right now, the one thing we cannot mentally get past is that $70k barrier. And while we have passed it, it was not held convincingly. Maybe we got too ahead of ourselves thinking this could keep running up with no pullback- I know I definitely did. I'm more bullish than I ever have been, but I think recognizing that the market does not move as fast as we always want it to is important. For ETFs, these products take time to prosper in markets. Luckily for us, the crypto markets move quick (relative to other markets). So here are 3 bullish scenarios. If anyone watched, that dump last night was aggressive. This is trader's territory now. If there is no bounce within the coming days (I don't expect there to be a big one), then we will continue bleeding out to $61-59K. I think it's going to take some real FOMO to be witnessed if we want this bounce to be grand. These bull market cycles have taught me that just one strong bounce alongside ongoing positive news can completely switch the narrative and price action. Because the truth is, there has been almost no bad news for BTC since January. If there has been, please enlighten me. Because most of the negative Crypto news I read is related to other coins (worth noting I hold ETH as well). So breathe in, hold it.... and breathe out. We will be okay. This bull market is just getting started. The positive sentiment, good news, and true value of BTC are all very real. Honestly I hope I'm wrong and we shoot up ASAP. Unfortunately, price action I don't think is always necessarily timed out accordingly with factors such as sentiment and news. Let the short term traders do their thing, and HODLers will still end up rewarded in the longer term. But as always, BTC has humbled and continues to humble me. Good luck traders and HODLers!
COINBASE:BTCUSDLong
by seqwhence
4
Has the Bitcoin Market Become More Manipulated After ETFs? The long-awaited approval of a Bitcoin exchange-traded fund (ETF) in late 2023 undoubtedly marked a turning point for the cryptocurrency. However, with this institutional influx, concerns regarding increased market manipulation have also surfaced. Let's delve into whether these concerns hold water and what the future might hold for Bitcoin's volatility. Pre-ETF Era: A Wild West of Wash Trading Market manipulation in Bitcoin wasn't exactly a new phenomenon before ETFs. Wash trading, a tactic where investors buy and sell the same asset repeatedly to inflate its trading volume, was a prevalent concern. This created an illusion of high demand, enticing others to invest and driving prices up artificially. Mark Cuban, a prominent crypto investor, even predicted wash trading as the "next possible implosion" for the industry in early 2023 . The Double-Edged Sword of Institutional Investors The arrival of big players with the ETF has undeniably brought more regulation and scrutiny to the market. This, in theory, should deter blatant manipulation tactics. However, the sheer volume these institutions trade with can also influence prices significantly. The question isn't whether they manipulate, but rather how their trading strategies might unintentionally impact market behavior. A Glimpse into the Recent Controversy A recent Wall Street Journal report alleging that Binance, a major cryptocurrency exchange, fired an investigator uncovering market manipulation by a VIP client reignited concerns . This incident highlights the potential conflicts that can arise when profit margins clash with regulatory compliance. So, Has Manipulation Increased? The answer is complex. While blatant wash trading might be less prevalent, the impact of institutional trading volume and potential conflicts within exchanges are new considerations. It's likely that the nature of manipulation has evolved, becoming more subtle and potentially harder to detect. A Future of Stability or Stagnation? The influx of institutional investors could indeed lead to a more stable Bitcoin market, mirroring traditional stock indices. This would be a far cry from the explosive, volatile growth Bitcoin has seen in the past. However, this stability might also come at the cost of reduced returns for investors hoping for another Bitcoin boom. The Long Hodler's Perspective As a large language model, I can't claim to be a "hodler" (long-term Bitcoin holder). However, historical data suggests that Bitcoin has weathered similar periods of regulation and scrutiny before. The key takeaway is that despite potential manipulation, Bitcoin's underlying technology and its core value proposition as a decentralized currency still hold significant appeal. The Road Ahead The future of Bitcoin manipulation hinges on two key factors: 1. Regulatory Strength: Stronger regulations with clear guidelines and robust enforcement mechanisms are crucial to deter future manipulation attempts. 2. Transparency on Exchanges: Exchanges need to be more transparent about their trading practices and address potential conflicts of interest. Conclusion Whether Bitcoin morphs into a stable, institutionalized asset or maintains its volatile character remains to be seen. However, the fight against manipulation, regardless of its form, will be critical in ensuring a fair and healthy Bitcoin market for all participants.
BITSTAMP:BTCUSDEducation
by bryandowningqln
1
BlackRock and other funds in cryptoBlackRock has significantly increased its investment in Bitcoin over the past year. This is partly due to strategic partnerships with MicroStrategy and Coinbase. As of April 2024, BlackRock holds 274,462k BTC worth $17 billion in its spot Bitcoin ETF. This amount is more than MicroStrategy, which holds 193k BTC. It is important to note that MicroStrategy was previously the top institutional Bitcoin investor, but now the BlackRock ETF has surpassed it in terms of BTC. In light of the rapid development of financial markets and constant changes in the global economy, funds are attracting particular attention. These financial organizations are not only key players on the global investment scene but also become significant drivers of future narratives and trends. From venture capital to investment banks, funds are actively involved in shaping the direction of markets and industries. They are the ones who vote with their money, determining which ideas and projects will receive funding and in which sectors of the economy we will see the next round of innovation and growth. Therefore, studying the actions and decisions of funds becomes an exciting task for investors and analysts and an essential tool for anticipating future economic and social trends. Funds are legal organizations that raise money for specific developing projects. Their main goal is to profit from investment, which is achieved by receiving a certain percentage of coins with the help of financing rounds from the total number of coins to be issued. In addition, the financing determines the price at which the fund invests in the project and the time of partial or full unlocking of the received coins for the funding in the project. Let's consider the activity indicator of funds and the categories of projects they invested in last year. The activity rate of investment funds in projects is currently high compared to the average monthly activity over the last 12 months. The following categories were the most invested in over the six months: NFT, 25.86%; Data Service, 21.29%; Artificial Intelligence (AI), 20.53%; DEX, 18.25%; and Play to Earn (GameFi), 14.07%. The most active funds over the past year: Monthly investment of funds over the last year: Where the most active investors have invested over the past year: Portfolios of large investors as of 29.04.2024 Please note that these investor portfolios may not fully reflect their assets; they only reflect those that have been identified to date by researching the blockchain and aggregating their cold wallets. Some of the more prominent investors such as Amber Group, DWF Labs, Wintermute, Jump Trading, Cumberland, GSR have a large amount of stablecoins on their cold wallets, indicating their willingness to continue accumulating their own assets during market downturns to build their influence, as well as to continue investing in projects. Pay attention also to companies that have a large amount of Ethereum, they can start exchanging ETH for other currencies using platforms like Uniswap, PancakeSwap, SushiSwap, and so on. An altcoin index indicates that the market is still dominated by Bitcoin. It is worth accumulating altcoins along with large capitals before Bitcoin's dominance starts to fall and the altcoin market blooms in new colors. BlackRock and tokenization BlackRock, one of the world's largest asset managers, is showing significant interest in cryptocurrency, specifically Real World Assets (RWA) tokenization. They have launched the BlackRock USD Institutional Digital Liquidity Fund (BUIDL) to invest in cash, US Treasuries. This fund is represented by the BUIDL token, which is fully backed by these assets and provides returns paid daily via blockchain rails to token holders. As reported by Forbes, the move is part of BlackRock's broader strategy to tokenize $10 trillion of its assets. Ondo Finance, a tokenized real assets (RWA) platform, improved its offerings by using BlackRock's BUIDL fund. Ondo Finance transferred the reserve assets of its US Treasury-backed token OUSG to BlackRock's BUILD. This decision aimed to provide instant settlement of the OUSG token, which was previously backed by the BlackRock iShares Short Treasury Bond ETF, which only traded during traditional market hours. The move to BUIDL allowed for instant settlement on any day. This collaboration between Ondo Finance and BlackRock demonstrates the convergence of traditional finance and cryptocurrencies: institutional players such as BlackRock actively participate in the cryptocurrency and RWA markets. It also highlights the potential for tokenization to improve settlement times and increase accessibility for a wider range of investors. BlackRock is setting an example to some other large investors on how to tokenize their assets through cryptocurrencies and blockchain technology. BlackRock has also significantly increased its investment in Bitcoin over the past year. This is partly due to strategic partnerships with MicroStrategy and Coinbase. As of April 2024, BlackRock holds 274462 BTC worth $17 billion in its spot Bitcoin ETF. This amount is more than MicroStrategy, which holds 193k BTC. It is important to note that MicroStrategy was previously the top institutional Bitcoin investor, but now the BlackRock ETF has surpassed it in terms of BTC. BlackRock Strategy BlackRock's bitcoin investment strategy includes partnerships with major players in the cryptocurrency space. For example, in 2023, BlackRock and Coinbase announced a partnership that will give BlackRock's institutional clients direct access to cryptocurrency trading, custody, prime brokerage, and reporting capabilities. The move was a significant step towards institutional adoption of cryptocurrencies such as bitcoin. BlackRock also has many stablecoins, which shows that it is ready to continue investing in altcoins. We expect a further market decline soon. Using Wintermute as an example, we can see how they are already here and now, preparing for the market decline, transferring their stablecoins to acquire altcoins further whenever possible, and exchanging Ethereum for stablecoins via Uniswap. Conclusion: Big Capital is preparing for a big altcoin fall and is emphasizing investing in RWA, NFT, Data Service, and AI. Large investment funds are preparing to tokenize their assets, and BlackRock, led by Larry Fink, is setting an example for other large investment funds. Following them, other funds are tokenizing their portfolios, but they are already on the paved rails. If you want to see more info on the funds, here's the link, platform.arkhamintelligence.com You can see my portfolio at the link below. Best regards EXCAVO
by EXCAVO
10
Hedera Foundation Token $HBAR Token Surged 96% Hedera's CRYPTOCAP:HBAR token has experienced a whirlwind of activity, soaring by 96% within 24 hours on the heels of a misinterpreted announcement regarding BlackRock's involvement. While excitement surged over the tokenization of a BlackRock money market fund on the Hedera blockchain, clarifications soon tempered the frenzy, leading to an 18% drop in CRYPTOCAP:HBAR 's price. Misconceptions and Reality: The catalyst for CRYPTOCAP:HBAR 's meteoric rise stemmed from a misinterpreted announcement by the HBAR Foundation X, suggesting a partnership between BlackRock, Archax, and Ownera in tokenizing a BlackRock fund. However, subsequent clarifications revealed that BlackRock was merely aware of the move on-chain, with Archax taking the initiative to tokenize BlackRock's ICS US Treasury Fund. The discrepancy between perception and reality underscores the importance of clear communication in the crypto space to mitigate misinformation and prevent market overreactions. Community Reaction and Clarifications: Crypto influencers and industry observers initially seized upon the announcement, believing BlackRock's direct involvement in the tokenization project. However, voices of skepticism, including Cardano Ghost Fund DAO founder Chris O'Connor, highlighted the need for accurate interpretation and cautioned against premature conclusions. Clarifications from Archax co-founder Graham Rodford shed light on the nature of the collaboration, emphasizing that all parties involved were aware of the tokenization initiative, but BlackRock's role was limited to awareness rather than active participation. Market Volatility and Long-term Prospects: HBAR's rollercoaster ride, marked by a surge followed by a correction, underscores the inherent volatility of the crypto market and the susceptibility to speculative fervor. Despite the setback, HBAR's price remains elevated, reflecting sustained interest in the token and optimism surrounding its potential. The recent approval of significant funds for Hedera network development further underscores the platform's commitment to growth and innovation, laying the groundwork for future advancements and ecosystem expansion. Technical Outlook CRYPTOCAP:HBAR token is still poised for a reversal trend despite dipping by 18%. The crypto asset is trading with a Relative Strength Index (RSI) of 60.70 giving room for further surge or price consolidation.
BINANCE:HBARUSD
by DEXWireNews
2
BlackRock & Jio Financial To Launch Wealth Management in IndiaMumbai-based Jio Financial Services (JFS) and US asset management firm BlackRock ( NYSE:BLK ) have announced their intention to establish wealth management and brokerage services in India. As per the filing made with the National Stock Exchange of India, the joint venture will be equally divided between the two firms, thereby resulting in the inception of two separate companies. The proposed structure is similar to the previous agreement announced in July 2020, which resulted in a suite of asset management services for the Indian investment community. The investment of $300 million in this current joint venture will leverage JFS's digital infrastructure capabilities, local market knowledge, and robust execution capabilities. JFS, formerly a subsidiary of Reliance Industries, presently offers retail and business banking services, including a digital banking app, loans, insurance options, and merchant-focused payment solutions. The new venture, subject to regulatory approval, will expand the partnership's offerings to include regional wealth management and brokerage services. While the exact nature of the proposed services remains unclear, this initiative is expected to provide a significant boost to India's fast-emerging retail investor market, particularly given BlackRock's current standing as the world's largest asset manager.
NYSE:BLKLong
by DEXWireNews
ONDO Finance and BlackRock: Pioneering Stability in DeFiUnpacking the Surge in ONDO's Value: Insights into the BlackRock and USDY Dynamics 🚀 Strategic Alliance with BlackRock ONDO Finance's collaboration with BlackRock through the USD Institutional Digital Liquidity Fund to back its OUSG token is a landmark in the convergence of traditional finance and decentralized finance (DeFi). This partnership not only enhances ONDO's credibility but also its stability, by integrating real-world financial mechanisms into the blockchain. Why is This Partnership Significant? Real-World Assets (RWA) : The core of this collaboration involves tokenizing real-world assets (RWAs), which brings a tangible and stable asset base into the DeFi ecosystem. This integration is critical as it provides a stable collateral base for ONDO’s tokens, particularly the USDY - a yield-bearing stablecoin alternative. Institutional Trust and Security : BlackRock's reputation and regulatory experience lend substantial trust and an added layer of security to ONDO’s offerings, making them attractive to more conservative institutional investors. 🌐 Impact on Market Value The BlackRock partnership has been instrumental in driving up the price of ONDO tokens, with the market reacting positively to the increased security and potential for higher liquidity offered by backed stablecoin alternatives like USDY. Here’s how it adds value: Enhanced Liquidity and Stability : By backing tokens with US treasuries and other traditional assets, the partnership mitigates typical cryptocurrency risks such as volatility and liquidity crunches. Market Expansion : The use of RWAs opens up cryptocurrency investments to a segment of investors who prefer assets that have a real-world linkage, thus broadening the market base. 📊 Rationale Behind the Rising Prices Incorporating BlackRock’s liquidity fund not only stabilizes ONDO's financial products but also enhances their appeal: Trust in RWAs : Investors are more inclined to trust and invest in products that are backed by real-world assets, which promise steadier returns and lower volatility compared to traditional cryptocurrencies. Regulatory Advantage : Collaboration with an established financial entity like BlackRock may ease regulatory pressures commonly faced in the DeFi space, making ONDO’s offerings more palatable to global investors. Forward Outlook This strategic move is set to redefine the boundaries between traditional finance and DeFi. The inclusion of USDY and its backing through RWAs provides a replicable model for future financial products in the cryptocurrency world that could attract further institutional involvement. Stay tuned for more updates as ONDO leverages this innovative approach to enhance the stability, trustworthiness, and functionality of its ecosystem. This partnership with BlackRock not only bolsters ONDO's market position but also sets a precedent for the integration of real-world assets in blockchain technologies. This pivotal development is not merely a boost for ONDO but signals a potential shift for broader financial markets towards integrating more seamlessly with the burgeoning DeFi sector.
by IamForexTrader_com
ONDO 4H After a big flash crash during Friday seeing BTC once again test the 4H 200EMA support, the altcoin market took a much bigger hit that we've seen for some time. In these times it's always good to see how projects react to these market conditions. A strong reaction at key areas after a big pullback can show that there are big players willing to add to or make new positions further increasing the validity of that support level and giving the project a platform to continue moving up. The best case we've seen of this is ONDO, as the chart shows a perfect pullback into the FIB levels which align with a bullish OB provide a great support area, a strong reaction has put price back to where it originally was before dropping with a textbook V-shaped recovery which is rarely found across the crypto market right now. ONDO is a big player in the RWA sector, a lending protocol supporting tokenized securities as collateral. With open collaboration with massive entities such as BlackRock and Morgan Stanley and Larry Fink personally saying he believes in a Tokenised future. I think it's easy to see why the recovery has been so strong, perhaps even BlackRock themselves buying up the dip? I think the future of ONDO is bright, now a TOP 100 coin and big time backers targeting range high will be dependent on BTC but with the halving coming soon I believe it will behave. Next Target is $1, the FIB EXTENSION levels often give good price targets but one step at a time.
by ProR35
ZILLOW, WILLOW WHEREOW THE PRICE GO? imma be honest, I'm running out of creative titles, so you get what you get. Trends labeled Price targets labeled. really neat setup on zillow here. These buy zones are marked at some major support, we have a short term trend leading to a top, and may have already hit. We have a long term support trend going in the bearish price direction. All of the above can help determine potential price movements. With RSI being overextended, the market as a whole, there is potential for quick downside right past support trend, into the zones of major price support, which will then create even stronger support, which will allow the price to keep climbing back up. I'm hesitant to predict anything before seeing where it heads into earnings (13th labeled) BUT.. IDK, something like this maybe? Essentially, I don't know how it will look, or how steep it goes, but it's good to be prepared for some potential scenarios. This chart can cover quite a few of them if you're patient and wait for the right trade. Overall, I would suggest being careful, and should the price go up before going down, it might be a better option to look for a short entry and ride the price down than jumping into a long position, especially with how this chart looks.
NASDAQ:Z
by nicktussing77
Bitcoin's Resilience Amidst Bear Market: A Technical Outlook 📊"DISCLAIMER!! This is a 'worst-case' scenario/theory which is still bullish. Bitcoin also has a "monthly bearish-divergence on monthly, which would be the first time this has printed on the Bitcoin: INDEX chart. Also there are other variables such as black-swans/wars, CME-GAP, Declining volume on this whole 'rally' up. Also the first time Bitcoin has made a new all-time-high before a halving.(Blackrock-manipulation(prolonging bear-market-rally) "" "My current theoretical analysis suggests Bitcoin is testing a breakout from the cyclical triangle pattern observed in the last market cycle. If confirmed, this could signal the end of the bear market. There are speculations that BlackRock may have engaged in strategic market activities, potentially inflating Bitcoin's value to create a bullish sentiment during a bear market rally. This orchestrated optimism is believed to have sustained the price levels." Revisiting Triangular Patterns: A Classic Continuation? 🔺✨ Bitcoin's recent price actions suggest a retest of the structural integrity within a macro triangular pattern. Despite the bearish sentiments, the chart displays a potential 'higher low,' indicating an underlying strength. This scenario, if supported by volume and market participation, could signal the tapering off of the bear market. Black Swan Events and Market Dynamics 🦢🔄 The term 'Black swans' references unforeseen events with substantial market impact. The chart alludes to such events as pivotal in Bitcoin's trajectory, though it's critical to recognize that market manipulation allegations like those suggested against Black Rock require substantial evidence and are beyond technical analysis purview. Bullish Sentiments and Market Manipulation Claims 📈⚖️ While the narrative of market manipulation can influence short-term price movements, long-term trends in Bitcoin have shown resilience to such factors. The claim that bullish sentiments have artificially sustained prices is challenging to substantiate without concrete data. Higher-Low: The Bullish Bastion ⬆️🛡️ The chart points to a 'higher-low' formation, a classic bullish signal. This pattern reflects buyers stepping in at higher price levels than previous lows, suggesting an upward momentum. Bear Market Exit: A Technically Supported Theory? 🐻🔚 The conclusion that Bitcoin is testing the last cycle's triangle apex could be indicative of a bear market conclusion. However, this would need validation through other indicators like moving averages, RSI, and MACD, beyond the scope of the current visual data. Takeaway: Analyzing the Apex 🎯📝 Bitcoin's endurance of a macro 'higher-low' amidst a bearish cycle suggests optimism. However, reliance on a single pattern or market rumors for prediction is precarious. A holistic technical analysis, incorporating diverse indicators and market sentiment, provides a more robust framework for future price movement speculation. Conclusion: Informed Caution Is Key 🔍🔑 While the theory presents an optimistic case for Bitcoin, prudent investors should seek confirmation through a broad technical lens, mindful of market volatility and the speculative nature of cryptocurrencies. 📈 Please note: This analysis does not constitute financial advice and is for informational purposes only. Always conduct thorough research or consult a financial advisor before making investment decisions.
INDEX:BTCUSD
by Shibunacci
BlackRock Hits Record $10.5 Trillion in Assets Under ManagementIn a financial feat that has stunned market analysts, BlackRock ( NYSE:BLK ) has shattered records, boasting a staggering $10.5 trillion in assets under management (AUM) in the first quarter. This milestone, coupled with a remarkable 36% surge in profit, underscores BlackRock's dominance in the global investment landscape. The surge in AUM, propelled by a robust rebound in global equity markets, reflects investor confidence in BlackRock's prowess in navigating volatile market conditions. As expectations of rate cuts by major central banks gained traction, investors flocked to BlackRock ( NYSE:BLK ), driving a remarkable 15% increase in AUM compared to the previous year. While the investment advisory and administration fees soared nearly 8.8% to $3.63 billion, total net inflows experienced a dip to $57 billion from $110 billion a year earlier. This softness in inflows is attributed to cautious investor behavior, with many waiting on the sidelines for interest rate cuts before reentering riskier assets. Analysts foresee a resurgence in asset management industry flows post-interest rate cuts, anticipating a migration of cash reserves from the sidelines into riskier assets. BlackRock's total revenue surged 11% to $4.73 billion in the quarter, fueled by higher performance fees, technology revenue, and the impact of surging markets on average AUM. BlackRock's robust performance extends beyond traditional investment management. Its technology revenue witnessed a remarkable 10.9% jump to $377 million, indicative of sustained demand for its Aladdin investment management platform. This platform has become indispensable for retail and institutional clients globally, including sovereign wealth funds, insurance companies, and large corporations. The company's stellar financial performance is further underscored by its impressive net income of $1.57 billion, or $10.48 per share, in the first quarter, compared to $1.16 billion, or $7.64 per share, a year earlier. While BlackRock's shares have experienced a slight dip of about 3.2% this year, underperforming the benchmark S&P 500 index, its commanding position in the asset management industry remains unchallenged. As markets continue to evolve, BlackRock's unwavering commitment to innovation and excellence positions it for continued success in navigating the complexities of the global financial landscape.
NYSE:BLKLong
by DEXWireNews
SHOR WELLS FARGO IDEA BACK TO 48 TP KEY FACTORSThe stock price of Wells Fargo & Company (WFC) can be influenced by several key factors: Interest Rates: Wells Fargo is a big beneficiary of rising interest rates. When the Federal Reserve raises its benchmark overnight lending rate, it positively impacts banks. Wells Fargo’s margins widen as yields on interest-earning assets (such as loans) reprice higher with the federal funds rate, while the yields on interest-bearing liabilities (like deposits) remain relatively stable. The recent hawkish stance by the Fed, with expectations of multiple rate hikes, further supports Wells Fargo’s profitability. Earnings Estimates: Analysts’ revisions to earnings estimates play a crucial role. When earnings estimates for a company go up, its stock’s fair value tends to increase as well. Wells Fargo’s expected earnings per share for the current quarter and fiscal year are important indicators. Although the consensus estimates have changed slightly, they still impact investor sentiment. Efficiency Initiatives: Wells Fargo is conducting a multi-year efficiency initiative to cut annual expenses and streamline operations. If successful, this could positively affect the bank’s profitability and stock price. Asset Cap Removal: The asset cap imposed on Wells Fargo since 2018 (due to the phony-accounts scandal) restricts the bank from growing its balance sheet. Investors hope that the removal of this cap will enhance the stock’s valuation and overall performance.
NYSE:WFCShort
by NYRUNSGLOBAL
25/03/24 Weekly outlookLast weeks high: $68975.9 Last weeks low: $64863.9 Midpoint: $60752.0 Our first major pullback took place last week as BTC saw a weekly low of $60,752 , and notably the weekly high didn't manage to top the previous cycles ATH at 69K which does indicate a HTF Bearish Swing Fail Pattern. The 4H 200EMA providing support on multiple occasions and keeping the HTF trend bullish. Both of these price action movements creating a bit of a stalemate/ chop. Looking closely to see which pattern gets broken first. So far any pullback we have seen has been more of a leverage flush than a sustained pullback, V-shaped recoveries as entities such as BlackRock completely absorb any sell pressure. However, we did see a drop in IBIT inflows that were unable to absorb Greyscales GBTC outflows , leading to negative volume and a drop in price. I think if we could see an S/R flip of the previous ATH it would give the greenlight to the rest of the market to continue moving up. Historically a pre-halving dump is normal, a ~20% correction is normal. If we don't flip that S/R level a sweep of the $58K area is not off the table but the closer we get to the halving the less likely that is to happen in my opinion. The altcoin market pulled back with BTC with a few exceptions as usual. Narrative plays like RWA enjoying gains as BlackRock prepare for their $10TRILLION Tokenisation vision starting by depositing $100m USDC on the ETHEREUM blockchain. . This week focusing on ETH based RWA projects for longer term holds could be a good plan to try and front run BlackRock buying. BITCOIN is obviously the main focus as it needs to continue its bullish trend so that the rest of the market can continue to rally. 25 Days to The Halving This weeks focus: - BTC S/R Flip - ETH RWA's
by ProR35
2
Market Update - March 28, 2024 LSE announces launch of new crypto ETNs as BTC ETFs reverse outflow trend: The London Stock Exchange announced this week that they plan to launch BTC and ETH ETNs by the end of May, signaling further ongoing interest in crypto-related products. Coupled with a reversal in BTC ETF outflows, these developments have helped to renew market optimism and push the price of BTC back above the $70K level, a +15% rise from the low of $61K only one week ago. BlackRock steps further into digital assets with launch of BUIDL: The BlackRock USD Institutional Digital Liquidity Fund, called BUIDL, will allow qualified investors to earn U.S. dollar yields paid out through blockchain technology, with the fund holding its assets in cash, U.S. Treasury bills, and repurchase agreements. Following BlackRock’s announcement, the tokenization of real-world assets (RWA) sector received increased attention, leading to outperformance this week. DOJ charges, CFTC enforcement action, lead to 15% outflows at Kucoin: KuCoin, one of the largest cryptocurrency exchanges, saw a 15% drop in the exchange's assets following news that the U.S. Department of Justice (DOJ) had charged KuCoin and two of its founders with violating U.S. Anti-Money Laundering (AML) laws. Also this week, the Commodity Futures Trading Commission (CFTC) also announced it filed a civil enforcement action against Kucoin. Merger news emerges among three of the biggest AI-related tokens in the space: On Wednesday, Bloomberg M&A announced that three of the biggest AI-related tokens in the space, SingularityNet, Fetch.ai, and Ocean Protocol, are in talks to merge their tokens into one single AltSignals (ASI) token in a bid to improve their efforts at developing a decentralized AI platform. Following the merger, the fully diluted value (FDV) would be ~$7.5B. 🇪🇺Topic of the Week: What is MiCA? 👉 Read more here
GEMINI:BTCUSD
by Gemini
LTC, the Sleeping Giant now break out!! its ready to takeoff!!Technical Analysis: #LTC (Monthly Update) #Litecoin now breakout the 238 days accumulation zone, This is just the beginning of new uptrend. #Litecoin is ready to take off and looks too bullish, it will ready to test its previous high and make new ATH at year-end or earlier. 🥰If you find this helpful and want more FREE forecasts in Tradingview😍. Please show your support back🙏, Hit the 👍 LIKE button, Drop some feedback below in the comment✍️! ❤️🤝 Your Support is very much 🙏 appreciated!❤️🤝 💎 Want me to help you become a better Crypto trader? Now, It's your turn! Be sure to leave a comment; let me know how you see this opportunity and forecast. Trade well, 💪 #LTCCOIN #CRYPTO #BULLISHRUN #ALTCOIN #UPTREND
Long
by Bitking786
🔥 Bitcoin Near All-Time High: What Does History Tell?In this analysis I want to take a look at Bitcoin's historical behaviour at the moment that it made new all-time highs (ATH's), and make a prediction based on those findings. As seen on the bottom two charts, Bitcoin has ALWAYS reversed substantially from the previous ATH's area of resistance (note: the area around the ATH functions as resistance, not the exact value). 2017: ~33% correction. 2020: ~17% correction. This time it remains to be seen how much we will reverse. Seeing that corrections (and pumps) become less extreme with time, it's likely that it will be less than 17%. In my view, the most likely scenario would be a reversal towards the first yellow area of support (1), which would be around 11% decline from 69k. The worst-case temporary reversal would be a fall towards the second area of support (2), around 25% decline. In the long-term I'm still bullish. However, we have to acknowledge that historical price action is against the bulls. On the other hand, this might be the last time we can buy BTC for these price for the next 1-2 years.
INDEX:BTCUSDLong
by FieryTrading
8
Coinbase Denies Retail Buy-In at 59-60k!Traders, I've been seeing a ton of traders who wanted to buy BTC at 59-60k but their transaction "failed". There is a reason why I am now calling BTC, Blackrock Trading Coin and why I have been extra cynical and skeptical about Blackrock's crypto trading exchange, Coinbase, as well as their entry into the crypto space via ETF. But I won't get into conjecture or conspiracy here. Just watch. You'll witness more shenanigans just like this the higher price goes. Anyways, we can use Coinbase's buying rejection at 59-60k as further proof that this was the bottom of our liquidation flush. Notice how on my chart the wick down touched exactly that top ascending purple trend line. Once hit, we quickly bounced back above my multi-year ascending support/resistance (now support) trend line from 2019. As long as we stay above this line, I am completely comfortable and confident that our upward journey will continue. Remember, there is no escaping the math here. ETFs are simply demanding far more than miners can produce. Only 24% of BTC remains liquid. And there is burgeoning institutional demand for BTC ETFs in a growing number of countries. All this before halving. There is no way to get around these fundamental facts. Fundamentals supersede technical analysis in this case. And this is coming from someone who touts technical analysis most of the time. Fundamentals are priority but we can see that technicals are supporting fundamentals. Look also at that RSI. Finally, it gets a break and is able to drop back below overbought territory. Altcoin RSI readings look even better. I suspect when all the dust settles and price closes out this candle we may even be back above that 64.8k support. But if we're not and we settle anywhere above my multi-year line of support, I remain bullishly biased and expect us to hit our inverse H&S target of 79k soon. Best, Stewdamus
INDEX:BTCUSDLong
by stewdamus
Bitcoin Bulls Are Not Quitting HereTraders, As you might know, I went short on BTC at 60,500. That was when price lived just under our Multi-Year Support/Resistance TL from 2019. Obviously, I was betting that we would NOT break straight through. I was wrong and as I told my followers in our private chat, I never mind trading a bit of humility for some profit. Bulls have clearly demonstrated that they are in complete and total control. When the charts show me proof that I was wrong and new developments are in the making, I will quickly bow to the data. I know from experience that if I don't, I may lose valuable lost opportunities to profit more in the future if I don't. More evidence of bull control comes in the way of the following technical developments: Confirmation of a break above our TL Bull Flag formed above our TL New BLUE ascending TL spotted from 2022 Target of my Inverse H&S meets BLUE TL Exactly! As you may be aware, I have now exited my BTC short and pending further price action on Monday I may begin to re-enter BTC LONG. Until that time, I will be scouting for laggard altcoins that may still have time to pop further in attempts to play catch up. Apologies to TradingView people but I don't always have time to post all of my trades here. Stew
INDEX:BTCUSDLong
by stewdamus
DEVVE Awaiting breakout to double digitsDevve, a layer 1 blockchain with 8m tps focused on ESG just launched and currently sits at a 15M market cap. It has has a French license and perfectly fits the institutional cycle we're in. Check their official website for more info. Breakout is near with testnet launch in March. Already above downwards sloping resistance. A break of $1.50 would lead us towards ATH, which after retest would lead us towards $10. Current supply is only 20M coins. If you read this during Feb/March 2024, you're early.
MEXC:DEVVEUSDTLong
by cryptobullethbtcxlm