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BTC Price Drops Below SMAs with Negative with Negative BTC MinerOver the past few days, we have witnessed a significant drop in the price of BTC, which is now trading below its Simple Moving Averages (SMA) of 50, 100, and 200. This downward trend indicates a potential bearish market sentiment and raises serious concerns for BTC miners. Furthermore, the BTC miner netflow remains persistently negative, indicating a continued outflow of BTC from mining pools. This negative flow suggests that miners are increasingly selling their BTC holdings, possibly due to growing concerns over the profitability of mining operations in the current market conditions. Considering these factors, all traders must exercise caution and evaluate their trading strategies accordingly. The potential risks associated with continuing BTC trading at this time cannot be overlooked. It is advisable to pause and reassess your positions, considering the prevailing market sentiment and the potential impact on BTC miners. In light of this situation, we strongly encourage you to consider the following actions: 1. Evaluate your trading positions: Take a moment to review your current BTC positions and assess their potential risks. Consider whether reducing exposure or adjusting your trading strategies to mitigate potential losses may be prudent. 2. Stay informed: Stay updated with the latest market news and analysis to make informed decisions. Keep a close eye on BTC price movements, SMA trends, and BTC miner netflow data. This will help you gauge the market sentiment and adjust your strategies accordingly. 3. Seek expert advice: If you are uncertain about the best course of action to take during these uncertain times, do not hesitate to consult with trusted investment advisors or seek guidance from experienced traders. Their insights and expertise can provide valuable perspectives to navigate challenging market conditions. Remember, while the crypto market can be advantageous, it is also inherently volatile. It is crucial to exercise caution and make informed decisions to protect your investments.
BITSTAMP:BTCUSDShort
by bryandowningqln
Bitcoin dancing with the devil -- White/RED I feel for anyone trying to day trade this asset as it really test your patience. Bitcoin has only acted like this once and its back in 2013-2016 where the Red Line shows the average Bid/Ask price hovers just above the previous high. The White Line is telling us the major support is around here too. TSI is indicating a trend shift indicating price stabilization 24-26k range. There's major issues in the world right now with the Chinese Currency and Japanese Yen. But the fact still stands that Bitcoin and Gold are both in the same camp of "Risk off" and acting like a fortified hedge. So while the SPX could climb or fall and Bitcoin and gold remains very stagnant indicates extreme uncertainty. . I suspect a very volatile move before end of 2023 that for sure at least. For now Sideways.
BITSTAMP:BTCUSD
by FederalXBT
BTC PRICED - SHY | GLD | SLV | DJI | Fund Manager Nightmare 21 Funny to see funds and institutions hating Bitcoin prior to 2017 fast forward to today and you point Bitcoin at bonds, precious metals, DJI Bitcoin is creating a macro bottom on all of them. Blackrock must have done the same homework and went, oh oh. What could fuel this is the MASS hate Bitcoin will receive from all investors, global equities, gold holders, silver holders, bond holders sitting there watching this asset consume the global purchasing power of their assets they have been so keen on for decades. The SPOT Bitcoin ETF's may see the biggest demand inflow of any spot ETF in human history. Maybe people aren't aware but (ProShares BITO) had the largest ETF launch of any other in history $1b in total volume on day 1. And this is not a spot ETF it utilizes futures contracts that do not allow large funds to allocate capital. I am starting to think Spot BTC ETF's are going to break the records again. How many people understand global retirement funds $70 trillion EST 2020 DERIVITVES $1,600T PRIV Banking $125T Comm RE 30T Res RE 80T Securities Debt / stocks $100T EST 2023 Global bonds $133 Trillion Might be pretty obvious now why Institutions attacked the clown shows like Binance / FTX and used Coinbase to get clearance for the surveillance sharing agreement. Blackrock, Invesco, Valkyrie, Fidelity, ARK, are all trying to get on top of this hence the Spot ETF race. The SEC could decline them throwing everything into a limbo for years, but if they approve these ETF's we're talking about trillions flooding into it within months. Who would have thought something created only 14 years ago is staring down the largest asset classes in the world that will deflate the entire housing model, and take over the commodities sector. Best part? Governments have no choice to regulate and adopt Bitcoin as it cannot be stopped. So if you're a genius government like China and Ban Bitcoin you find out real quick how much that costed your economy. Lets see what happens, Bitcoin is stating it is the captain now, can it be stopped?
INDEX:BTCUSDLong
by FederalXBT
1
RSI Slowdown Hits Low for BTC in Last 2 WeeksIntroduction: In the fast-paced world of cryptocurrency trading, it's crucial to stay updated on market trends and indicators that can influence your investment decisions. Bitcoin (BTC) has recently experienced a significant slowdown, as the Relative Strength Index (RSI) indicates. This article aims to shed light on this development and provide a cautious call to action for traders considering shorting BTC. Understanding the RSI Slowdown: The RSI is a popular technical indicator used to assess the strength and momentum of an asset's price movements. It helps traders identify potential overbought or oversold conditions, thus aiding in decision-making. Over the last two weeks, the RSI for BTC has hit a low point, suggesting a possible slowdown in its upward trajectory. Cautionary Analysis: While the RSI slowdown may raise concerns among traders, it is essential to approach this situation cautiously. The cryptocurrency market is highly volatile and subject to sudden fluctuations, making it necessary to consider various factors before making investment decisions. Here are a few points to keep in mind: 1. Historical Patterns: Past performance does not guarantee future results. While the RSI slowdown may indicate a potential downturn, analyzing historical patterns, market sentiment, and other indicators is crucial to comprehensively understanding BTC's current state. 2. Fundamental Analysis: Bitcoin's value is influenced by numerous factors, including regulatory developments, global economic conditions, and technological advancements. Traders should conduct a thorough fundamental analysis to assess the long-term potential of BTC before considering shorting it solely based on the RSI slowdown. 3. Risk Management: Shorting BTC carries its own set of risks. Traders must carefully evaluate their risk tolerance, set stop-loss orders, and diversify their portfolios to mitigate potential losses. It is essential to have a well-defined risk management strategy in place to protect your investment. Call-to-Action: Consider Shorting BTC with Caution Given the RSI slowdown in the last two weeks, traders may be tempted to short BTC. However, it is crucial to proceed with caution and consider the following steps: 1. Thorough Analysis: Conduct a comprehensive analysis of BTC's price history, market sentiment, and other technical indicators to gain a holistic perspective on its current state. 2. Consult Expert Opinions: Seek advice from experienced traders or financial advisors with in-depth cryptocurrency market knowledge. Their insights can help you make informed decisions based on a broader perspective. 3. Risk Management: Before shorting BTC, ensure you have a well-thought-out risk management plan. Set realistic profit targets and implement stop-loss orders to minimize potential losses. Conclusion: While the RSI slowdown in the last two weeks may raise concerns among traders, it is essential to approach the situation cautiously. The cryptocurrency market is highly unpredictable, and shorting BTC solely based on one indicator may not provide a complete picture. By conducting thorough analysis, seeking expert opinions, and implementing robust risk management strategies, traders can make informed decisions aligning with their investment goals.
BITSTAMP:BTCUSDShort
by bryandowningqln
Bitcoin | I Give the 28000 level for ShortI think the price has to get fuel from below to keep going up. With the positive decision to be announced on September 2 soon, the market maker will again demand the 30.200 level, creating a long bias. In short, I was involved in the run down to the level I expected 23,200 at 28000 (you can see the proof of this in the analysis below i said 28000 to short in the comment of the analysis before the spike) and I'm out right now. Next days will be very volatile in my opinion. I will probably create a short position on 29.200-29.800-30.600 and stop at 31.800. 23.400 will be my tp and I'll take one 1R risk on every price point. Total risk will be 3R.
Short
by XU3Trades
BTC Falls Below SMA 200 After Grayscale ETF VictoryIntroduction: The recent news of Grayscale's ETF victory has sent shockwaves through the cryptocurrency market. Bitcoin (BTC), the flagship cryptocurrency, experienced a significant drop below its Simple Moving Average 200 (SMA 200) following this development. As traders, it is crucial to approach this situation cautiously and carefully assess the potential risks and rewards. In this article, we delve into the implications of BTC's decline and present a cautious call to action for those considering shorting BTC. Understanding the Grayscale ETF Victory: Grayscale's ETF victory has undoubtedly generated excitement among cryptocurrency enthusiasts, as it promises increased institutional adoption and market liquidity. However, the immediate aftermath has seen BTC's price plummet below its SMA 200, a key technical indicator widely used by traders to gauge market trends. This development raises concerns about a potential bearish trend reversal, urging traders to exercise caution and consider alternative strategies. Analyzing the BTC Price Drop: The fall below the SMA 200 is a significant technical event that cannot be overlooked. It indicates a potential shift in market sentiment, with selling pressure overpowering buying interest. Traders must recognize that this decline may increase volatility and further downside potential for BTC. Therefore, evaluating the market dynamics and adopting a cautious approach to trading becomes crucial. A Cautious Call-to-Action: Shorting BTC: Considering the current market conditions, traders may cautiously explore shorting BTC as a potential strategy. Shorting involves borrowing BTC and selling it at the current market price, expecting to repurchase it at a lower price in the future, thus profiting from the price difference. However, it is essential to note that shorting carries inherent risks and requires careful risk management. 1. Conduct Thorough Research: Before initiating any short positions, traders must conduct thorough research and gather insights from reliable sources. Analyze the market sentiment, technical indicators, and fundamental factors that could influence BTC's price movement. Remember, informed decisions are crucial in managing risks effectively. 2. Define Risk Tolerance: Clearly define your risk tolerance level and set appropriate stop-loss orders to limit potential losses. Volatility can be unpredictable, and it is essential to protect your capital by implementing risk management strategies. 3. Diversify Your Portfolio: Avoid putting all your eggs in one basket. Diversify your trading portfolio by exploring other cryptocurrencies or traditional assets to mitigate the risks of shorting BTC. This approach can help balance potential losses and enhance overall trading performance. 4. Stay Updated and Adapt: The cryptocurrency market is dynamic and subject to rapid changes. To make informed decisions, stay updated with the latest news, market trends, and regulatory developments. Be ready to adapt your trading strategy accordingly. Conclusion: BTC's fall below the SMA 200 after the Grayscale ETF victory presents traders with an opportunity to consider shorting BTC cautiously. However, it is crucial to approach this strategy with utmost care, conducting thorough research, defining risk tolerance, diversifying your portfolio, and staying updated with market dynamics. Remember, trading involves risks, and exercising caution and adopting responsible practices is essential. Note: This article does not constitute financial advice. Traders should seek professional guidance or conduct further research before making investment decisions.
BITSTAMP:BTCUSDShort
by bryandowningqln
Grayscale Victory Funded by Perpetual Future BTC TradingIn the ever-evolving world of cryptocurrency, Bitcoin (BTC) continues to dominate the market, attracting both seasoned traders and new investors. Recent developments surrounding Grayscale's victory have shed light on the influence of perpetual future trading in shaping the BTC landscape. Today, we delve into this topic cautiously, urging traders to be wary of who trades BTC and to exercise prudence in their investment decisions. Unveiling the Grayscale Victory: Grayscale, a digital asset management firm, recently made headlines with its monumental victory in the SEC's lawsuit. This victory has solidified Grayscale's position in the market and highlighted the role of perpetual future trading in funding such endeavors. Endless future trading refers to a trading strategy where traders enter into contracts that do not have an expiration date, enabling them to hold positions indefinitely. The Influence of Perpetual Future Trading: While perpetual future trading has merits, it also introduces volatility and uncertainty into the BTC market. The ability to hold positions indefinitely allows traders to exert significant influence on the price movements of BTC. This influence, coupled with the vast resources at their disposal, can potentially distort the market and impact the decisions of other traders. A Call for Caution: Given the increasing prevalence of perpetual trading, BTC traders must exercise caution and remain vigilant. Here are a few points to consider: 1. Research and Verify: Before making any investment decisions, thoroughly research and verify the credibility and intentions of the parties involved. Look beyond the surface and explore the trading strategies employed by BTC entities. 2. Diversify Your Portfolio: Instead of relying solely on BTC, consider diversifying your portfolio with other cryptocurrencies or traditional assets. This approach can help mitigate risks associated with the influence of perpetual future trading on BTC. 3. Stay Informed: Regularly stay updated with the latest news and developments in the cryptocurrency market. You can better assess the impact of perpetual future trading and make informed investment decisions by keeping yourself informed. Conclusion: As BTC continues to gain popularity, traders must be cautious and discerning in their investment choices. The recent Grayscale victory, funded by perpetual future trading, is a timely reminder of the potential risks associated with this trading strategy. By researching, diversifying, and staying informed, traders can confidently navigate the BTC market and protect their investments. Call-to-Action: In this volatile landscape, it is crucial to remain cautious when trading BTC. Take the time to understand the motivations and trading strategies employed by entities involved in the market. By doing so, you can safeguard your investments and make informed decisions. Stay informed, diversify your portfolio, and trade responsibly.
BITSTAMP:BTCUSD
by bryandowningqln
Bitcoin Surges as US Court Overturns SEC's Rejection of ...Bitcoin Surges as US Court Overturns SEC's Rejection of Grayscale's ETF Application Bitcoin experienced a surge, reaching a two-week high on Tuesday, following a significant ruling by a US court. The court found that the US Securities and Exchange Commission (SEC) had erred in denying Grayscale Investments' application to establish a spot bitcoin exchange-traded fund (ETF). This verdict marks a momentous victory for the asset management company. The cryptocurrency was last seen trading almost 7% higher at $27,910. A panel of judges in the District of Columbia Court of Appeals in Washington declared that the SEC's refusal of Grayscale's proposal lacked justification and was arbitrary. This ruling stemmed from the SEC's inconsistency in treating bitcoin futures ETFs and spot bitcoin ETFs differently. Details on Grayscale's Case In the previous year, the SEC rejected Grayscale's bid to transform its Grayscale Bitcoin Trust into an ETF. While the SEC has turned down proposals for spot bitcoin ETFs, it has approved ETFs tied to bitcoin futures, which mirror agreements to buy or sell bitcoin at predetermined prices. Grayscale suggested implementing the same safeguards against manipulation that were endorsed for futures ETFs. However, the SEC contended that this did not meet its criteria. Grayscale was one of several asset managers, including prominent names like Cathie Wood's ARK, Fidelity, and Invesco, whose spot bitcoin ETF applications were denied by the SEC on grounds of investor protection. In contrast to the other companies, Grayscale chose to take legal action against the SEC. Since the defendant was a regulatory body, the case was directly escalated to the appeals court. Grayscale's Legal Argument Grayscale's argument rested on the premise that the surveillance measures for bitcoin futures ETFs would also be suitable for their spot ETF, as both products depend on the underlying price of bitcoin. Bitcoin futures ETFs track futures traded on the Chicago Mercantile Exchange (CME), a primary platform for such products. The SEC pointed out that the CME actively monitors "futures market conditions and price movements in real time" to detect and prevent distortions, including those caused by manipulation. Donald Verrilli Jr., lead counsel for Grayscale, highlighted in March that a spot bitcoin ETF would enhance investor protection, as it would enable them to benefit from CME oversight of the market. Presently, most Americans invest in bitcoin through less regulated or even unregulated exchanges. However, the SEC maintained that Grayscale lacked sufficient data to ascertain whether the surveillance agreement for CME futures could also identify potential manipulation in the spot markets. Daily Chart Bitcoin
COINBASE:BTCUSDLong
by FOREXN1
11
Bitcoin ETF Victory Sets the Stage for a Bullish SurgeIntroduction: Attention all traders and crypto enthusiasts! Brace yourselves for some exhilarating news that could potentially ignite a massive rally in the Bitcoin market. Grayscale, the renowned digital asset management firm, has recently emerged victorious in a groundbreaking court case, paving the way for the first-ever Bitcoin ETF. This monumental development has created an unprecedented opportunity for traders to capitalize on the imminent bullish surge in Bitcoin's value. So, buckle up and get ready to dive headfirst into the world of long BTC with an incredibly tight stop loss! Rejoicing in Grayscale's Victory: The recent court ruling favoring Grayscale's Bitcoin ETF has sent shockwaves throughout the crypto community. This landmark decision signifies a significant shift in the regulatory landscape, allowing institutional investors to pour funds into Bitcoin like never before. With this legal barrier removed, we can expect an influx of capital into the market, driving Bitcoin's value to new heights. Seize the Moment - Long BTC: Now is the time to seize this golden opportunity and make a move that could potentially change your financial future. By long BTC, you position yourself to ride the wave of this anticipated bullish surge. As institutional investors flock to join the Bitcoin bandwagon, the demand for this digital gold will skyrocket, propelling its value to unprecedented levels. Tight Stop Loss - Minimize Risk, Maximize Gains: To ensure you are well-protected against any potential downside risks, it is crucial to implement a tight stop-loss strategy. By setting a predetermined exit point, you can limit your losses while maximizing your potential gains. This approach allows you to confidently navigate the volatile market, knowing that your investment is safeguarded against unexpected downturns. Join the Bitcoin Revolution - Take Action Now: Are you ready to embark on this thrilling journey towards financial prosperity? Don't let this opportunity slip away! Take action now and long BTC to position yourself at the forefront of the Bitcoin revolution. Remember, fortune favors the bold, and with Grayscale's ETF victory, the time to act is now! Conclusion: The recent court ruling favoring Grayscale's Bitcoin ETF victory has set the stage for an exhilarating bullish surge in the Bitcoin market. By long BTC with a tight stop loss, you position yourself to capitalize on this momentous opportunity. Embrace the excitement, seize the moment, and join today's Bitcoin revolution! Don't wait for the train to leave the station without you - take action now and secure your place in the world of crypto success.
BITSTAMP:BTCUSDLong
by bryandowningqln
3
Long idea on $BTCI really like the way the market is moving. I like that the crowd is now very actively going into shorts (as if Ilon mask sold BTC - actually no), we have a good block of 25300-24200 where I will take long positions, fixing 27500-28500 . I watched various chats where they wrote that they were liquidated for large sums ... Funding on various exchanges is even negative. And if we go below the block, I don't have very good news, but for now I'm watching and working on this idea
Long
by MyTechNAz
Bitcoin Volatility Expected in September!Recent market analysis and expert opinions, particularly those of Arthur Hayes (ex-CEO of BitMEX), suggest that BTC may experience significant choppiness around the $25,000 mark. While the cryptocurrency market has always been known for its volatility, the potential fluctuations in Bitcoin's value during this period could be particularly pronounced. As a concerned member of our trading community, I strongly urge you to exercise caution and consider pausing your Bitcoin trading activities during this time. Arthur Hayes, a prominent figure in the crypto industry and the co-founder of BitMEX, has made noteworthy predictions in the past. Given his experience and expertise, paying attention to his latest insights is essential. Hayes believes the market conditions in September may lead to choppy price movements, making it challenging to predict Bitcoin's trajectory accurately. Given this information, I encourage you to reconsider your trading strategies. It may be prudent to halt your Bitcoin trading activities until the market stabilizes temporarily. This pause will allow you to avoid unnecessary risks and potential losses associated with heightened volatility. Remember, the goal of any successful trader is not just to maximize profits but also to manage risks effectively. By temporarily stepping away from Bitcoin trading during this uncertain period, you can protect your investments and ensure a more stable trading experience in the long run. Please take this warning seriously and consider the potential consequences of trading Bitcoin in the upcoming month. Keep a close eye on the market, stay informed, and make informed decisions based on your risk tolerance and investment goals. If you have any questions or concerns, please do not hesitate to comment.
BITSTAMP:BTCUSD
by bryandowningqln
Will BTC Remain Range-Bound Around $22,000 in September?Introduction: As the cryptocurrency market continues to captivate traders and investors alike, Bitcoin (BTC) has consistently attracted significant attention. With its recent price fluctuations, many traders question whether BTC will remain range-bound at around $22,000 throughout September. This article will delve into the factors influencing BTC's price stability and provide a cautious perspective for traders. Additionally, we will encourage readers to consider diversifying their investment portfolio beyond Bitcoin. Understanding BTC's Range-Bound Behavior: Bitcoin has experienced notable volatility in recent months, with its price reaching all-time highs and subsequently undergoing corrections. The $22,000 price level has emerged as a potential range-bound zone for BTC. However, it is crucial to approach this scenario cautiously and consider various factors that may influence Bitcoin's price stability. 1. Market Sentiment 2. Technical Indicators 3. Institutional Interest Call-to-Action: Diversify Your Investment Portfolio While Bitcoin may present lucrative opportunities, traders must diversify their investment portfolios beyond one asset. The cryptocurrency market is highly volatile, and alternative investment options can help mitigate potential risks. Consider exploring other investment avenues such as stocks, bonds, real estate, or commodities. By diversifying your portfolio, you can reduce the impact of any adverse price movements in Bitcoin and potentially benefit from other asset classes' stability. Before making any investment decisions, conducting thorough research, seeking professional advice, and assessing your risk tolerance is advisable. Conclusion: While the $22,000 price level may serve as a range-bound zone for Bitcoin in September, traders must exercise caution and consider various factors influencing BTC's price stability. Market sentiment, technical indicators, and institutional interest play significant roles in determining Bitcoin's price movements. Additionally, diversifying your investment portfolio beyond Bitcoin can help safeguard against potential risks.
BITSTAMP:BTCUSDShort
by bryandowningqln
Blackrock Premium Indicator - BTCUSD (COINBASE) (Blackhole) I have created a simple free indicator anybody can use that compares the Spot Price of Coinbase (BTCUSD) to the spot price of other major exchanges. (Disable the labels if you add this to your chart to save space) The Coinbase (SSA) by the SEC means all institutional activity has to go through the spot Coinbase market meaning there's going to be billions of dollars worth of reassure on the Coinbase liquidity translating to there will be major premiums never seen before for Bitcoin on Coinbase. This will in return will make Coinbase act like a blackhole where the gravity will pull in Bitcoin from all other market participants chasing the premium. Any non US exchange such as Binance that holds as of today, 565,387 BTC Bitfinex 373,985 BTC Will see their balances reduced dramatically, this will completely take over the entire Bitcoin commodity market and these other exchanges will be left with the dying alt coin market. So the question is how high will the BTCUSD premium on Coinbase get if the Spot ETF's are approved next week? this is anybody's guess. But either way I'm becoming bullish on Coinbase even though I don't agree with their alt coin listings, the amount of fee volume they will experience will dwarf any competitors for the next year. Coinbase will become the biggest Bitcoin custodian by magnitudes of hundreds of billions. Bonus > for people trying to track this via stable coins it simply will not work, almost all of the SPOT ETF volume will be deposited funded by spot banking US Dollars. So the only possible way to track how this unfolds is comparing the Coinbase price to others.
COINBASE:BTCUSD
by FederalXBT