CBOE
CBOE Approves Multiple Spot Bitcoin ETFs for TradingMultiple spot Bitcoin ETF applications has gotten the greenlight to trade on the CBOE BZX Exchange per a recent announcement.
The Chicago Board Options Exchange (CBOE) has approved four potential spot Bitcoin ETFs for trading on its platform, pending the greenlight from the United States Securities and Exchange Commission (SEC).
Spot Bitcoin ETF Almost a Done Deal
The push to launch spot Bitcoin ETFs is almost at its tail end as CBOE has unexpectedly filed a notification to inform the public that its affiliated platform, BZX Exchange has greenlighted the proposed fund offerings from Ark 21Shares with the ticker symbol ‘ARKB’, the Invesco Galaxy Bitcoin ETF ‘BTCO’, the VanEck Bitcoin Trust ‘HODL’ and Fidelity Wise Origin Bitcoin Fund ‘FBTC’.
According to the CBOE filing for these products, the trading platform is pushing for expedited registration of these products in a bid to facilitate their readiness for trading. This move from the CBOE, according to market experts is not expected until much later in the day as it signifies the final stages of the potential spot Bitcoin ETF approval phase.
The move is unique to the CBOE and it comes following the meeting the trading platform, alongside other named trading platforms for the spot Bitcoin ETF products like the Nasdaq Composite and New York Stock Exchange (NYSE), had with the officials of the SEC.
This move to approve the spot ETF products from the four applicants underscores the positivity of the discussion between the market regulator and the trading platforms. In like manner, the Nasdaq and the NYSE may also publish related approval updates for the ETFs they plan to list as well.
Is Official Approval In?
The move from CBOE is not expected until after the SEC has given its official approval to the respective spot Bitcoin ETF products.
While this move might not be made if the end-game is a rejection of the numerous applications, investors are not to confuse this CBOE move as an official approval.
With the US SEC’s official X account hacked on January 9 to post fake news stories about spot Bitcoin ETF approvals, extra caution is advocated in order to manage expectations and risks appropriately.
The crypto market is currently on the edge as Bitcoin ( CRYPTOCAP:BTC ) is changing hands at a price of $46,563.79, up by 0.90 % in the past 24 hours. Should official approval be granted, the cryptocurrency may reverse its losses in the race for new highs.
Steep Dive Ahead?Here is the path if Intermediate wave 3 began after the first hour of trading on August 10. Not only are we possible in the early stages of Minor wave 3 which should see drastic movements, we are nearly in Minute wave 3 of Minor wave 3 which should see a large drop. A midday drop is less likely so this could really be felt with a gap down on Wednesday. Intermediate wave 3 is slated to last 30 to 65 hours which would place the end into later next week. Potential bottoms for Minor wave 3 are on the left and levels for Intermediate wave 3 are on the right. All levels are based on historical data and specific wave nomenclature. A strong amount of models are looking for Minor wave 3 to end below 4400 within the next 2 days, while Intermediate wave 3 is slated to go below 4350 before next Friday. We shall see if this theory plays out as the other ones are almost completely ruled out at this point.
VIX is dangerously lowThe Volatility S&P 500 Index rose slightly today, following a short period with a relatively low value. As is displayed on the chart, within the past year, these moments often coincided with tops in SPX and preceded times of increased volatility with significant selling pressure. Therefore, we will monitor this metric closely in the following days.
*The orange line represents SPX.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
Opening gap, and VIX rising more than 9%We want to hint at the opening gap in the Volatility S&P 500 Index (VIX), potentially foreshadowing big moves in the market.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
a couple long term scenariosthis strat has a high reliability giving signals. every time spx goes far outside the envelope the index corrects to estimate sometimes crashing down to sss ma or demand zone (the last time it touched that was 1929). if we stay above upper envelope and estimate we could enter a broader matket recovery, but if we see continued downside we are headed much lower.
VIX potential for bounce! | 6th April 2022Prices have bounced off a pivot . We see the potential for further bullish continuation from our buy entry at 21.45 in line with 127.2% Fibonacci projection towards our Take Profit at 26.92 in line with 38.2% FIbonacci retracement . RSI is portraying divergence, further supporting our bullish bias.
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one big reason why i think were due for a bounce (put/call)its not that i think we cant see more puts, but every time weve seen a put/call ratio over 1.2 in the recent past it has been short lived.
my theory is essentially that a lot of assets have seen class specific or weight targeted pullbacks from mostly unexpected spikes that have brought down broader markets with increased levels of puts to calls. as outflows are detected, stocks bleed into a cash hungry marketplace that synergizes losses. this has driven puts into an overbought condition that simply cant last forever. this isnt an indication that were at a bottom in indices, but its likely that shorts will cover soon, and this will squeeze that cash back into portfolios as inflows start to pick up.
A Correlation Check With SPY. VIX. & CBOE.I usually perform what I like to call, "Correlation Checks". I do this on a Daily with SPY & VIX to understand when is a good time to either look for trades or sit on my hands. Whether to Play Calls or Puts, or whether or not I will decide to swing a trade overnight.
Usually VIX likes to bounce in between 15-21, so if you understand this, you can have a higher probability of "timing" the market at support of 15 and the resistance of 20-21. However this is more of a birds eye view of the correlations.
The Chicago Board Of Options Exchange(CBOE) & SPY Correlate the same while VIX moves the opposite way. Since the initial announcement of what we've titled: "When the world shut down". The market has continued to put in ATH's.
There has been a ton of volatility in the markets since then and especially since the election(Nov 3rd).
At the same time, VIX which we know is the S&P 500 Volatility Index has been printing lower highs since the election. Now closing below pre-pandemic levels as of last week. Keep in mind that VIX may find support sooner or later.
CBOE has struggled in the 130s before & SPY is creeping on a new ATH, however it was after a well extended move over the last week, which started during the 2nd week of October after the end of the month dump in September. I timed the turn nicely and went 11 for 12 on my swing trades so far in Oct. I played SPY on the way back up as well, grabbing 440 calls, 445 calls, 452 & 454 calls. It has been indeed a good month so far.
We are heading into the end of the month so things could get a little turbulent.
CLEARLY A LONG - MKT CAP/EV=0,03 I drew lines randomly. I dont know what I am doing. But this is clearly a LONG.
Reached bottom from 2008. May go lower but will pump soon.
Market cap / EV = 0,03.
Earnings low but high revenue (1 BN - compared to 45 million mkt cap)
PTON setup for a potential 40% dropHead and shoulders playing out with the right shoulder half formed .
Wait for a break of the neckline and a candle close outside of the neckline /*Resistance before shorting
alternatively you can also wait for the back test of the Neckline and upon rejection open Short .
SL placement above the last swing high .
Point of control is a match for the move to the downside as a further confluence.
200EMA will also create a slow down in the move to the downside
Set a price alert around the $100 region and await the reaction at the Neckline .
Always use a SL and know your Invalidation
Like and Follow for regular setups Much appreciation
Not even close to the top.. Well.. it shouldn't be... "There exist no episodes where the bitcoin spot markets dominates the price discovery processes with regard to Bitcoin Futures. This points to a conclusion that the price formation originates solely in the Bitcoin Futures market. We can, therefore, conclude that the Bitcoin Futures markets dominate the dynamic price discovery process based upon time -varying information share measures."
...
"Therefore, it seems that the futures markets uncover new information that is embedded into prices and lead the way for adjustments to innovations in the fundamental values in the spot markets. Hence, the futures markets are capable of delivering a stabilizing effect on spot markets, which is one of the major purposes for launching futures contracts for bitcoin. Such a result is of considerable importance to regulators and monetary authorities who have shown misgivings about the growth of the cryptocurrency markets."
Y. Hu, et al. (2020) International Review of Financial Analysis 72 101569
........
Price action has been atrocious of late -and stinks of manipulation.
CME gap filled this morning, with a bonus extended move.
The Bitcoin CME Futures were created buy the overlords for one reason, and juan reason only - to "e& "TAME" bitcoin.
This price is clearly being suppressed as the 10yr Treasury Yields fall (slightly) and the DXY gains a little momentum -in a feeble attempt to delay the inevitable.
- I'm not sure what Uncle Jerome and the rest of the global financial Power Ranges are planning.. but none of this is going to end well.
Short -term plan, waiting for some definitive structure to develop before making any decisions -strongly considering removing 100% of my capital from all exchanges.
What are you all seeing? Anything good?
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BitCapJNY
3CandleCollective
TATTOOED CHEF *TTCF "CUP AND HANDLE PATTERN " HI THANKS FOR STOPPING BY....HERE IS MY TAKE ON THIS STOCK TTCF , AFTER PUTTING IN A ATH OF $27.79 WE BEGIN OUR RETRACE DOWN TO THE BOTTOM OF THE CHANNEL WITH A TAP ON THE .618 BEFORE A TURNAROUND TO THE UPSIDE . PULLING DOWN TO THE .618 WILL COMPLETE THE HANDLE BEFORE BREAKING OUT UP TO 31XX.
ET GO LONGET MAKING A STEADY COMEBACK UP THIS ACENDING CHANNEL MAKING HIGHER LOWS AND HIGHER HIGHS ...LOOKS PROMISING WITH THE LONG TARGETS SET AT THE TOP OF THE CHANNEL ...
EARNINGS REPORT IS DUE ON 17 FEB WHICH COULD HAVE A FURTHER IMPACT ON PRICE DEPENDING ON WHATS REVEALED OF COURSE .
ALTHOUGH I ONLY FOCUS ON THE TECHNICALS AND RIGHT NOW MY SENTIMENT IS BULLISH .
FEEL FREE TO TAKE THE TRADE WITH ME OR OF COURSE COMMENT ON WHAT YOU THINK IF YOU DONT DO ANY OF THOSE THEN SHARE ,LIKE OR COMMENT AND MAKE MY DAY ... MY GRATITUDE FOR STOPPING BY
Consolidation ready on CRM / waiting for the breakoutToday we will share a long setup we are waiting for.
On CRM we are observing a 150 days Flag pattern completed from a technical perspective
- The Flag pattern is supported on a broken ascending trendline
- The confirmation level to activate a setup is the green line. IF the price reaches that level we will open long positions towards the First and Second Target (Fibo Extension)
- The invalidation level for this idea is below the Corrective structure, also that's a key level to set stop-loss orders
- If everything goes as expected, we think the movement can take about 4 to 5 months.
If you have any doubt don't hesitate to write us a comment below!
Twitter INC (TWTR): Classic Trend Following
Twitter is trading in a strong bullish trend on daily.
The price is following a major rising trend line.
Recently, that trend line was tested.
Today the price has violated a falling parallel channel on 1H, confirming the strength of trend line.
Now I expect growth and trend continuation.
Goals - 48.7 / 50.4
░░░░▒▒▒▓▓ CBOE Crude Oil Volatility Index ▓▓▒▒▒░░░░Hello.
My name is François Normandeau.
This is an ADX-BRIEFING snapshot focused on CBOE:OVX
The CBOE Crude Oil Volatility Index (CBOE:OVX) can be used
in order to identify important trading opportunities.
Here, OVX is on the right side of this post.
The indicators we see under the price window of OVX mention when the US Oil market
TVC:USOIL
enters a period of statistically significant volatility.
We can then time it with the indicators on West Texas Intermediate
in order to determine entries and exits for actual trades.
More info can be found in the video related to this post.
Wishing you a great weekend.
François Normandeau
Institutional Research Director at ADX-BRIEFING