Conspiracy or something moreI wanted to post this post to get comments and thoughts of others here.
Have you ever seen the film "In Time" ??
Imagine you switch out the countdown timer for Bitcoin, after all it won't be long and everyone can have them embedded under the skin.
If you haven't seen the film, here's a CHATGPT explanation summary.
OK so what does this have to do with trading or Bitcoin?
Blackrock and the ETF's is a big play for Bitcoin, but maybe not in the way majority of retail seem to think it is. When you really stop to think - let me know your thoughts.
Also latest Tradingview stream earlier.
www.tradingview.com
Have a good one guys!
Well, as a long time cyber security investor (patents in the space also) I find it hard to believe the powers that be, can't seem to figure out one who created it and two how to regulate it and other crypto. It's a bit odd given it's an immutable ledger tech.
So What I wanted to see, is what other people think - both good and bad, pros or cons, ups and downs?
Blackrock
STX 🔋👽 -Charged for 0.77 Or Higher?STX IS OINE OF MY FAVORITES..YOU HEARD BEFORE:
One of my favorites and a reliable choice for a very good 3 successful trades.
If you are not aware of what STACKS is you should def look into it as it has immense potential going forward.
STX is a Bitcoin layer for smart contracts
What Is Stacks (STX)?
Stacks is a Bitcoin Layer for smart contracts; it enables smart contracts and decentralized applications to use Bitcoin as an asset and settle transactions on the Bitcoin blockchain.
Bitcoin is the largest, most valuable, and most durable decentralized asset. The Stacks layer unlocks $500B in BTC capital using the Bitcoin L1 as settlement for decentralized applications.
Stacks has knowledge of the full Bitcoin state, thanks to its Proof of Transfer consensus and Clarity language, enabling it to read from Bitcoin at any time.
All transactions on the Stacks layer are automatically hashed and settled on the Bitcoin L1. Stacks blocks are secured by 100% Bitcoin hashpower. In order to re-order Stacks blocks/transactions, an attacker would have to reorg Bitcoin.
My spot holding have grown from 20 cents to almost x5 and the leveraged trades went even better...
Only Bullish on this one as i see 10-18 range for the next 2 years.
One Love,
The FXPROFESSOR
Links: Ordinals and STX Among Projected Beneficiaries of BlackRock ETF coinedition.com
When Alt season? When moon? When rocket emojis?We are yet to see first, a pullback by BTC coupled with stock market correction and destruction of Alts. Capitulation by both price and time.
Notice in prior cycle with 714 days of red and current 574 days of red at most recent bottom of TOTAL3.
NOTE: 2020 Feb-March has been omitted as a black swan (anomaly)
Recession is looming and true scale to be surfaced. Bankruptcies and commercial real estate pain needs to pass. FED cannot pre-maturely ease monetary policy otherwise a wage-price spiral is at risk and unraveling of inflation expectation demands.
I've mentioned Blackrock ETD and it's CEO going on CNBC, the point I'll re-iterate is that if markets are now bullish as they make it seem, why haven't we broke past $32k Bitcoin decisively yet?
Insert meme: "IT'S A TRAP!"
Smart money bear trap thesis?Tags: Blackrock Bitcoin ETF, Inflation, PCE, FED, Wage-price spiral, BTC.D, ETH/BTC
Could we be mimicking 1970's market? So last PCI reading came 3% but core CPI is still high and Core PCE (FED's preferred inflation measure) has been sticky in 4.5% area for past several months. Whilst inflation expectations have been tamed by FEDs continued "We remain focused on getting inflation back to 2%." This message must be maintained and a recession is inevitable.
Look at 10Y3M yields and 10Y2Y bond yields. We have real pain yet to come.
So headline inflation is being curved down and celebrated however the next step is the risk of a wage-price spiral which is being priced in and expected to also not become a threat once unemployment rises but the job markets are remaining resilient. Therefore, the FED will hold interest rates at 5.25-5.50 bps until inflation is confidently curbed. We have not yet seen fear in markets from recessionary risks. Everyone is thinking it will be a mild one however the future is hard to foresee and there are underlying financial risks not in the limelight yet.
Now, you have the market context we shall dive into the charts!
BITCOIN TO $300,000 BY SEPT 2025Bitcoin LOG Cheat Sheet!
Vertical Colors.
Orange = Halving
Green = Bullish Highs
Red = Bearish Lows
This is an estimate on the trajectory of a price forecast. Nobody can predict the future, and charting isn’t guaranteed that the past helps predict the future. This is all about what ifs.
Could the next alltime high be $300,000 by September 2025? This is just perspective. Stretch the dates to see the dates, again its based on past history. No guarantee.
BLK BlackRock Options Ahead of EarningsIf you haven`t sold BLK here:
and bought it here:
Then analyzing the options chain of BLK BlackRock prior to the earnings report this week,
I would consider purchasing the 730usd strike price Calls with
an expiration date of 2023-7-21,
for a premium of approximately $6.20.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
COIN H&S Breakout ContinuesCoinbase continues to gain after breaking up and out of the neckline of an inverse head and shoulders pattern, price is up +10% today - trade was initiated last week upon seeing the inverse head and shoulders breakout.
Due to the pop in price today I've raised my stop-loss level to $85.75 in case price reverses on profit taking. This stop level ensures that I exit the trade with a gain if price reverses, while at the same time leaves some room for volatility if price begins to fluctuate.
Lower PPO and TDI indicators are still reading bullish, but the green RSI line of the TDI indicator is now above the 80 level which is considered overbought meaning a correction to the downside can be expected.
Buy Price: $79.21
Stop-Loss: $85.75
Take Profit: $136-ish
Gain if I get stopped out at $85.75: +8.2%
Gain if price reaches take-profit level: +71%
This stop level will remain adaptive to price movement, price has gained another 3% in the few minutes it took me to write this and COIN is now up +13% on the day.
COIN Inverse Head and ShouldersCoinbase is breaking up and out of an inverse head and shoulders pattern as the crypto platform benefits from a rising Bitcoin price and news that Blackrock has chosen COIN as the custodian for the Bitcoin that they will have to acquire if their Bitcoin ETF is approved by the SEC.
Blackrock BTC ETF filing ignites price rally:
www.nasdaq.com
Blackrock ETF approval rating is 575-1:
www.ccn.com
Coinbase will be Blackrock BTC custodian:
www.cnbc.com
Opened a trade in COIN this morning at $79.21; stop loss is at $67, take profit is at $136.
Blackrock Filed for a BITCOIN Trust not ETF! SPX at 52 Week HighBitcoin enthusiasts have reason to be slightly bullish given recent developments in the market. While BlackRock's decision to file for a bitcoin trust instead of an ETF might initially disappoint some, it's important to recognize that the trust and the ETF have similarities, as many people rightly point out.
Although there are technical differences, particularly regarding regulatory approvals, the ultimate outcome for investors remains similar. Consider GBTC, a trust that currently exists—while you can't redeem directly from the fund, it appears that BlackRock's trust may offer redemption options. This potential advancement could be a significant win for investors, providing them with greater flexibility and opportunities to capitalize on their investments.
However, the real game-changer would be the introduction and approval of a true Bitcoin Spot ETF by the SEC. Such an ETF would bring about unprecedented possibilities for investors, opening up avenues for seamless and widespread participation in the bitcoin market. The approval of a Bitcoin Spot ETF would not only enhance accessibility but also contribute to the overall mainstream adoption of cryptocurrencies, solidifying Bitcoin's position as a legitimate asset class.
Therefore, while the current filing by BlackRock may not be the long-awaited ETF, it still represents a step forward in the right direction. The possibility of a Bitcoin Spot ETF being put forward and approved by the SEC remains an exciting prospect that could fuel further growth and market interest in Bitcoin.
Given the information provided, including the filing by BlackRock and the recent 52-week high reached by the SPX (S&P 500 index), there are potential factors that could contribute to a technical rebound in Bitcoin's falling wedge pattern. The positive market sentiment surrounding the SPX reaching a new high suggests a general bullish trend, which may spill over into other asset classes, including cryptocurrencies.
A falling wedge pattern typically indicates a period of consolidation and potential reversal, making it a favorable setup for a rebound.
The $23,000 price target remains unchanged.
Looking forward to read your opinion about it!
BTC Bitcoin ETF Optimism Drives Towards $37,900 ResistanceIf you haven`t bought BTC here:
Then you should know that the inclusion of Coinbase surveillance sharing agreement (SSA) in a spot Bitcoin ETF refiling by BlackRock is a game-changer. As the world's largest asset manager with over $9 trillion in assets under management, BlackRock's involvement brings a new level of credibility and institutional support to the cryptocurrency market. This move demonstrates their confidence in the potential of Bitcoin as an investment asset.
Nasdaq's inclusion of the Coinbase SSA further solidifies the positive sentiment surrounding Bitcoin. Nasdaq is a renowned stock exchange and their involvement in facilitating the surveillance and regulation of a Bitcoin ETF enhances investor confidence.
The endorsement from Bernstein, a reputable $650 billion asset manager, adds fuel to the bullish case for Bitcoin. Their belief that the Securities and Exchange Commission (SEC) is likely to approve a spot Bitcoin ETF indicates growing acceptance and recognition of the cryptocurrency by traditional financial institutions.
Adding to the positive outlook, Fidelity, a massive $4.2 trillion asset manager, has officially filed for a spot Bitcoin ETF, designating Coinbase as their surveillance sharing agreement counterpart. Fidelity's involvement reinforces the notion that established financial giants see the potential of Bitcoin and are actively seeking opportunities to enter the market.
With these major players entering the scene, it is reasonable to anticipate increased adoption and acceptance of Bitcoin as a legitimate investment asset. The combined weight of BlackRock, Nasdaq, Bernstein, and Fidelity lends credibility and creates a favorable environment for regulatory approval of a spot Bitcoin ETF.
Considering these recent developments, along with the growing mainstream acceptance of cryptocurrencies, it is highly plausible that Bitcoin will reach the next resistance level of $37,900 and potentially continue its upward trajectory.
5 REASONS why BlackRock will make Bitcoin Rally!Last week, we had a huge development for crypto investors.
Bitcoin really rallied…
And the price rise, was largely based on BlackRock's application to establish a US Bitcoin Exchange-Traded Fund (ETF).
BlackRock, Inc. is an American multinational investment management corporation, that serves clients in over 100 countries. .
It is one of the world's largest asset managers with assets approximately worth over $9 trillion.
Now BlackRock has a great track record when it comes to filing Exchange Traded Products (ETPs).
They have had 575 successful applications out of 576 attempts.
Now that BlackRock has applied for a US Bitcoin ETF, there are a couple of reasons why this could help boost the price and the value of Bitcoin.
1. It Boosts Bitcoin’s credibility
An ETF application from a company as respected as BlackRock is definitely going to provide even more legitimacy and credibility to Bitcoin as an investment.
This will attract more investors, institutions and companies to invest in the Bitcoin ETF, which will push the price up.
2. Easier to access Bitcoin
If BlackRock’s Bitcoin ETF is approved, this is going to make it easier for both institutional and retail investors to gain exposure to Bitcoin.
And they’ll be able to gain exposure to the coin without even needing to buy, store, and secure the cryptocurrency themselves.
People prefer to trust trusts, right?
Moving on…
3. More volume and liquidity for Bitcoin
BlackRock will open the gates of even more volume for Bitcoin.
In fact, the Bitcoin ETF would increase Bitcoin's liquidity by getting more participants to trade the asset.
And when there’s more volume, demand and buying – we can expect higher prices for the underlying coin.
4. FOMO for other firms
You realise that this will set a huge precedent for other trusts and firms.
BlackRock's move could encourage other financial institutions to adopt and create their own similar Bitcoin products into their own financial systems.
5. More trust for Bitcoin
I know this is a double-edged sword argument.
But I believe Bitcoin should be regulated under legitimate and transparent authorities.
Last year we saw how many cryptocurrencies buckled under low management.
We saw how many firms were laundering people’s money and faking their own accounts to make them seem profitable.
So, we tested the unregulated and decentralised system – and it failed horribly.
With this Bitcoin ETF being adopted into BlackRock, we’ll see it being reviewed and looked over by the right authorities like the SEC.
This will help provide a better safeguard for investors and will boost confidence in the asset.
Trade Alert - Take Profit BitcoinTook half off near 30k. Moved stops up to buy in avg of 26.4k to ensure profit.
Now, a bit of TA. BTC broke above the descending Dec ‘21 TL. This was hugely bullish and I mentioned in my paid subs group that if this happened we’d retest that $30,500 resistance quickly. This we did and are doing now.
The big question is will $30,500 be broken to the upside. If you are in that camp, then you can still expect a pullback before we do so. The green arrow is my projection of future price movement with bias to the upside of 30.5k.
If you are not in the camp that this critical resistance will be broken soon, then this could be a double top pattern on the weekly which would take us back down to our gap fill at 20k on the CME futures chart.
In either case, I don’t expect us to break straight through that $30,500 barrier above. But, in crypto, the unexpected often occurs. If we break through, I’ll need to see confirmation on the daily and that level being utilized for support before I look to re-enter and buy more BTC.
Congrats on your trade here followers!
Stew
Good or bad? Bitcoin ETF BlackRock While the crypto market is all green, amid the news about the BlackRock ETF, I decided to write a post about it.
On December 15, two, the largest US company CME Group launched Bitcoin futures.
CME is the only one who provides the opportunity to trade bitcoin futures in the United States and they are the first to enter the area of derivatives instrument for the cryptocurrency market.
A week ago, BlackRock applied for approval of the Bitcoin ETF.
BlackRock is an American international investment company headquartered in New York. One of the largest investment companies in the world and the largest in the world in terms of assets under management. As of the end of 2022, assets under management were $8.59 trillion.
The probability of this application being approved by Blackrock is quite high
Relying on historical data on SEC decisions regarding Blackrock's various ETF applications.
BlackRock has an astounding success rate: 575 applications approved versus just one rejected.
However, not everyone shares such a quick optimism. The fact is that in addition to the positive statistics on the SEC's approval of applications for various ETFs by Blackrock, there are also negative statistics on how many other applications just for bitcoin-ETFs the SEC rejected.
The first attempts to register a Bitcoin ETF were made back in 2014 by the Winklevoss twin brothers. Since then, there have been more than 30 attempts to create a spot exchange-traded fund for bitcoin, but all applications have faced opposition from regulators, who cited market problems and a lack of investor protection.
Among those rejected :
Vaneck, one of the world's leading asset management companies. In March of this year, the company received its third consecutive rejection from the SEC to launch a spot ETF on bitcoin. SEC refusals to launch such investment products always report that there is no regulated cryptocurrency market, which means companies, including VanEck, simply "do not have joint oversight agreements with a regulated spot market of significant size for bitcoin trading."
ARK is the investment firm of well-known investor Katie Wood. In April of this year, Ark Invest, along with Swiss company 21Shares, again attempted to coordinate a spot exchange-traded bitcoin fund with the U.S. Securities and Exchange Commission. They already have two failed attempts under their belt.
Grayscale, a company that manages cryptocurrency trusts and other investment products. The company is suing the SEC over its refusal to convert its own fund, the Grayscale Bitcoin Trust (GBTC), into an exchange-traded fund (ETF). GBTC is now the best-known solution for buying bitcoin. However, shares of this fund are not allowed to trade on the first-tier stock exchanges, with Grayscale charging a management fee of about 2% per year, while traditional ETFs have a fee of 0.5%. Last year, the SEC approved a cryptocurrency ETF, but only for futures markets. It's a much more complex and expensive product for investors.
"Another theory is that BlackRock may be aware that the SEC may lose the Grayscale case, and is going to play ahead to be prepared for the case to be lost and then suddenly open the way for a bitcoin ETF."
Assuming the answer is yes, what happens afterwards?
I interpret this news positively in the long run, because new big money will come to the cryptocurrency industry, and a lot of new things await us.
BUT
I think like last time, there will be another good entry point into the market formed for the big players. Thereby we may see the very corrective movement till September, November, and in these dates there will be already dispersed information about future halving, etc. and then there will be a real bull run first of all for Bitcoin.
Read about where I expect the bottom of the correction in this post
Best regards EXCAVO
Bitcoin Make or Break At Channel ResistanceBitcoin tagged the upper line of the downtrend channel yesterday after drifting higher over the weekend. It's make it or break it time as a failure to move up and out of the downtrend channel will likely result in a re-test of the lower channel line.
Regardless of what you might hear, the SEC suing Coinbase and Binance is not bullish for cryptocurrencies. BlackRock filing for a Bitcoin ETF is also not bullish and likely will signal a top in the market if approved, much like when we saw the Bitcoin futures market come online during the 2017/2018 crypto bubble and the IPO for COIN during the 2020/2021 bubble. The only difference being that Blackrock is filing for a Bitcoin ETF during a bear market while the other two occurred during bull markets.
My second largest position right now is short Bitcoin via the BITI ETF.
BTC Long, Market Shift? Volatility expectedMinor update to the previous idea.
BlackRock BTC Trust could change things, makes me wonder if they change their mind on whether it's ESG compliant.
This trade is more of a double-edged sword that is more profitable in longing for volatility rather than direction considering market forces at the moment. Expect at least a +- 20% price swing. Either we break through the first resistance band of 27k-32k and continue forward with a close above 26k today, or we drop to close the previous gap from 21.8k -20.8k with a close never reaching over 27.4k.
For now, we are at risk of seeing 20k considering current prices are under 27.4k and the sp500 being this overbought in the short term that could drag btc with it if a bull trap is in place in tradFi (not confirmed yet, mean rev. signals won't work). Overall, I'm bullish on BTC short term (possible that it could make a run up before sp500 contracts), and still remain bearish on SP500 long term (might switch to neutral if the west releases dependence on its manufacturing base toward China/the east, and innovation continues in the tech sector). Altcoins might not be able to catch up with BTC on the upswing, but most likely on the downswing if it so happens.
Trades:
Long #1
Entry: 26k
SL: 24k
TP: 34.5k, 40k
Long #2
Entry:20k
SL:18k
TP: 34k, 40k
Short
Entry: 26k
SL: 29k
TP:22k, 21k, 19k
BTC.DOMINANCE #BTC #blackrock #BTC.ETFBITCOIN Dominance chart currently been ranging within this zone for 773 Days.
looking like it will finally break out of this zone!
Blackrock rumours of a BITCOIN ETF causing strength in BTC!
Im sure if this gets passed we would see a Bullish rally in BTC.
Fed's paused + combined with Blackrock ETF Rumours!!
could be the catalyst for another move higher!.
BlackRock to breakdown?BLACKROCK - 30d expiry - We look to Sell a break of 618.88 (stop at 645.88)
Intraday signals are bearish.
Price action is forming a bearish flag which has a bias to break to the downside.
620 has been pivotal.
A break of the recent low at 620 should result in a further move lower.
This stock has recently been in the news headlines.
Short term momentum is bearish.
Our profit targets will be 552.31 and 542.31
Resistance: 647 / 670 / 700
Support: 620 / 600 / 580
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
The KING Black Rock Hello Team,
This week we look at Black Rock, currently down 30% from the ATH and currently the largest asset manager in the entire world. As always we like to buy strong companies while prices are cheaper.
We are adding a position to our portfolio and will continue if prices falls more towards $550. If price breaks trend line we will look for more at 400 levels.
Enjoy!
BLK BlackRock Options Ahead of EarningsAfter the last Price Target was reached:
Now looking at the BLK BlackRock options chain ahead of earnings , I would buy the HKEX:660 strike price Calls with
2023-4-14 expiration date for about
$12.05 premium.
If the options turn out to be profitable Before the earnings release, I would sell at least 50%.
Looking forward to read your opinion about it.
BlackRock in bear flag.BLACKROCK - 30d expiry - We look to Sell a break of 618.88 (stop at 645.88)
Intraday signals are bearish.
Price action is forming a bearish flag which has a bias to break to the downside.
620 has been pivotal.
A break of the recent low at 620 should result in a further move lower.
This stock has recently been in the news headlines.
Our profit targets will be 552.31 and 542.31
Resistance: 670 / 700 / 720
Support: 651 / 638 / 620
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.