BTC December Monthly Open For the last 6 months straight, BTC has pulled back on the monthly open and each time price has recovered and pushed higher. We are currently seeing the first half of that with a rejection off $98,000 so the question is, where does it stop?
The first place of interest is ~$93,500, a bullish orderblock with a strong candle following it. In a Bullrun these areas are expected to give a reaction and so that's my first place of interest.
A deeper pullback would take us the the 4H local low, a bounce here would establish a mini-range/ accumulation zone. Now that would make sense as a base is built to target the big even $100K, after such a strong rally a cool-off and reset of indicators would be beneficial, liquidating late longs would be a bonus (if you're not on the wrong side). This level also co-insides with the 4H 200 EMA, typically in a bullmarket this level holds well and caps off correctional phases. The RSI will then also be near/in the oversold zone as further confluence.
The HTF level that most are interested in is ~$84,000, A clear FVG level. This would be a loss of the 4H 200 EMA and definitely in the RSI oversold zone. We know that there is still a massive demand for BTC on an institutional level, ETFs and retail so pullbacks should be bought up in time, the question is when and where. A fill of this area would be more bullish in the long run as the FVG won't need to be filled later, meaning the potential severity of a crash or pullback in the future won't be as much.
ETF
Bitcoin - Will Bitcoin continue to rise?!Bitcoin is above the EMA50 and EMA200 in the 4H time frame and is trading in its descending channel. Risk ON sentiment in the US stock market or investing in Bitcoin ETF funds will lead to its continued upward movement. which will cause the downtrend channel to fail.
Capital withdrawals from Bitcoin ETFs or risk OFF sentiment in the US stock market will pave the way for Bitcoin to decline. This path will continue until the bottom of the channel and the specified support range.
It should be noted that there is a possibility of heavy fluctuations and shadows due to the movement of whales in the market and compliance with capital management in the cryptocurrency market will be more important.
According to a report by Fox Business, informed sources have indicated that the new U.S administration might grant the Commodity Futures Trading Commission (CFTC) authority to oversee certain digital assets. The CFTC’s expanded role could include regulating cryptocurrency exchanges and cash markets tied to digital assets such as Bitcoin (BTC) and Ethereum (ETH), which are categorized as commodities. These changes could diminish the Securities and Exchange Commission’s (SEC) influence in this sector.
Gary Gensler, the current SEC chairman and a staunch crypto critic, has supported granting CFTC more authority over Bitcoin, deeming it a commercial commodity. In March, the CFTC filed a lawsuit against the crypto exchange KuCoin, also classifying Ethereum as a commodity.
As of November 2024, MicroStrategy owns over 380,000 Bitcoin, valued at approximately $31.6 billion, accounting for nearly 2% of the total global supply. This Virginia-based software intelligence company first began purchasing Bitcoin in 2020 and has since expanded its holdings to 15 times those of its closest corporate competitor, Marathon Digital.
Tesla, which invested $1.5 billion in Bitcoin in February 2024, ranks fourth among public companies in Bitcoin ownership. Around the same time, Tesla also started accepting Bitcoin as payment for its vehicles.
El Salvador’s President Nayib Bukele has proposed leasing the country’s 170 volcanoes to Bitcoin miners, granting them access to the geothermal energy.
Dan Morehead, CEO of Pantera Capital, has forecasted that Bitcoin’s price could reach $740,000 by April 2028 based on historical trends. Morehead tied this projection to the election of Donald Trump as a pro-crypto U.S. president and a Congress supportive of digital assets.
He also highlighted that only 5% of the global financial wealth is invested in blockchain-related assets, suggesting significant growth potential for Bitcoin. In his letter, he wrote, “Even after 11 years, Bitcoin is still like a seed sprouting in the soil.” He added that the regulatory challenges faced by blockchain over the past 15 years have now transformed into golden opportunities.
This optimistic outlook aligns with Pantera Capital’s Bitcoin fund, which has delivered strong performance. Launched in 2013, the fund has achieved a 131,000% return over 11 years, excluding fees, primarily due to Bitcoin’s 1,000-fold price increase since the fund purchased it at $74 per BTC.
Morehead emphasized that “it’s not too late to buy Bitcoin.” He added, “Some investors may think that Bitcoin’s doubling this year means they missed the opportunity, but this is a flawed mindset.”
Former Binance CEO Changpeng Zhao (CZ) sparked a debate about meme coins in the crypto space. In a tweet, he criticized meme coins, stating, “I’m not against memes, but meme coins have gotten a bit bizarre. Let’s build real applications using blockchain.”
Meanwhile, Hong Kong has proposed tax exemptions for cryptocurrency activities, aiming to compete with Singapore as a leading financial hub and attract major investors and asset managers. According to the Financial Times, the exemptions cover profits from digital assets, private credits, overseas properties, and carbon credits.
Patrick Yip from Deloitte China noted that this initiative could bolster Hong Kong’s financial industry as family offices in the city allocate up to 20% of their portfolios to digital assets.
During the trading week of November 25–29, U.S. Bitcoin spot ETFs saw $138 million in capital outflows after seven consecutive weeks of inflows.
Performance of the top-traded ETFs on Friday:
• Total: $320 million
• BlackRock: $137 million
• Fidelity:
SPY Bullish Continuation Ahead! Buy!
Hello,Traders!
SPY made a bullish
Breakout of the local
Horizontal level of 600$
Which indicated a bullish
Sentiment prevalence
On the market so we
Are now bullish biased
Locally and we will be
Expecting further growth
Buy!
Comment and subscribe to help us grow!
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The History of Forex Trading: How It All Began Ever wondered how forex trading became the massive, 24/5 global market we know today? Here’s a quick look at its fascinating journey:
1️⃣ The Gold Standard Era (1870s–1930s)
Forex trading originated when countries began linking their currencies to gold. This system created fixed exchange rates but collapsed during the Great Depression due to economic instability.
2️⃣ Bretton Woods Agreement (1944–1971)
After World War II, nations agreed to peg their currencies to the US Dollar, which was backed by gold. This made the USD the world’s reserve currency and gave rise to modern foreign exchange systems.
3️⃣ Floating Exchange Rates (1971–Present)
When the Bretton Woods system ended, currencies began to "float," meaning their values were determined by supply and demand in the market. This shift created today’s forex market, where traders speculate on fluctuating currency prices.
4️⃣ The Rise of Retail Forex (1990s–2000s)
The advent of the internet and trading platforms like MetaTrader brought forex to individual traders. What was once reserved for banks and institutions became accessible to anyone with an internet connection.
5️⃣ Today’s $7.5 Trillion Market (2020s)
Now, forex is the largest financial market in the world, with $7.5 trillion traded daily. Traders from every corner of the globe participate, using advanced tools and strategies to navigate this dynamic market.
Forex has come a long way, and we’re part of its exciting evolution. What do you think the future holds for forex trading? AI tools? Crypto integration? Let me know in the comments!
Is Ethereum lagging behind the market and competitors?Btc is thr king and Eth is ghe queen of the cryptocurrency .
Now. Question is here, Does Ethereum want to remain queen?
I have been checking the status of 4 rival coins since September 1st.
Bitcoin
Ethereum
Cardano
Solana
====≈===================
The following section shows a comparison of prices from September 1st to now and their growth percentage.
Btc 52500 >> 99600 ≈90%🥉
Eth 2140>> 3425 ≈ 60% 🧸
Ada 0.3 >>> 1.15 ≈ 283% 🥇
Sol 120>>> 255 ≈ 112% 🥈
As we can see, Ethereum growth has been very, very low.
I think if Ethereum fails to make significant growth in this uptrend, competitors will take Ethereum's place and the crown will be taken from Ethereum's head.
What is your judgment and analyzing?
Please share your comments with me 🙏
Bitcoin - Will Bitcoin stabilize above $100,000?!Bitcoin is above the EMA50 and EMA200 in the 4H time frame and is trading in its ascending channel. Risk On sentiment in the US stock market or investing in Bitcoin ETF funds will lead to its continued upward movement. We will look for bitcoin selling positions in the range of the channel ceiling (weekly).
Capital withdrawals from Bitcoin ETFs or risk OFF sentiment in the US stock market will pave the way for Bitcoin to decline. The break of the charted channel will pave the way down for Bitcoin. Bitcoin buying positions can be looked for in the two specified demand zones.
It should be noted that there is a possibility of heavy fluctuations and shadows due to the movement of whales in the market and compliance with capital management in the cryptocurrency market will be more important.
Michael Saylor, founder of MicroStrategy and a prominent Bitcoin advocate, is set to present a Bitcoin investment strategy to Microsoft’s board of directors next month. On November 19, Saylor announced that he would have three minutes to outline the investment plan to the board.
This development follows Saylor’s headline-making proposal last month, where he offered to help Microsoft generate $1 trillion in revenue through a Bitcoin-based treasury strategy. In an October post on X, Saylor urged Satya Nadella to reach out if he wanted to secure the next trillion dollars for Microsoft’s shareholders.
The proposal came after reports that Microsoft shareholders would vote on a proposal to consider Bitcoin as a reserve asset. However, the board of directors blocked the proposal. Nevertheless, market observers noted that major shareholders like Vanguard, BlackRock, State Street, and Fidelity will play a critical role in the company’s final decision.
With $78 billion in cash reserves, Microsoft has made significant investments in companies such as Skype and OpenAI but has yet to allocate any funds to Bitcoin or related assets. Saylor argues that this approach is short-sighted and urges tech giants like Microsoft, Apple, and Google to consider Bitcoin as a superior alternative to cash reserves. According to Saylor, if Apple had invested $100 billion in Bitcoin, it could have grown to $500 billion, and the company would now have a $500 billion business growing at 20% annually.
Last week, altcoin trading volumes surpassed $300 billion for the first time since 2021.
Meanwhile, lawmakers in Pennsylvania have introduced a bill in the state’s House of Representatives that would allow the state treasury to allocate up to 10% of its funds to Bitcoin. If passed, the law would enable the Pennsylvania Treasurer to invest part of the state’s $9.7 billion general fund and its nearly $7 billion “rainy day” fund in Bitcoin.
Bitcoin itself has surged past $99,000, marking its largest monthly candle in several years. So far, the cryptocurrency has recorded a 40.67% monthly gain.
Donald Trump, the president-elect, has nominated Scott Bessent, a prominent hedge fund manager and cryptocurrency advocate, as the next Treasury Secretary. Bessent, founder of Key Square Group, is expected to play a pivotal role in shaping Trump’s economic policies and has supported the president-elect’s plan to establish a strategic Bitcoin reserve.
Bessent’s nomination will require Senate confirmation. If approved, he will oversee the administration’s economic agenda, including tax reforms and cryptocurrency-related policies. His extensive experience in finance and investment is expected to influence the Treasury Department’s approach to emerging financial technologies.
Google searches for Bitcoin have reached their highest level in a year.
Meanwhile, Republican Senator Cynthia Lummis of Wyoming told CNBC, “The proposal I’ve put forward, and one that President Trump has discussed, involves creating a strategic Bitcoin reserve.” She added, “This digital asset acts like a gold standard, and a strategic Bitcoin reserve is a way to integrate it into our system.”
She explained that the Federal Reserve’s 12 banks currently hold reserves that include gold certificates, which can be revalued at fair market value. Senator Lummis proposed converting these gold reserves to Bitcoin, thereby eliminating the need to print new dollars to establish this reserve.
Bitcoin Hits All-Time High After BTC ETF Options DebutMarket Update - November 22, 2024
Takeaways
BlackRock’s iShares Bitcoin Trust became the first US spot bitcoin ETF approved for options trading: The price of bitcoin subsequently surged to nearly $98,000 on Thursday, reaching a new all-time high.
Institutional interest in MicroStrategy surged this week, with the value of those holdings jumping to $15.3 billion: Microstrategy founder Michael Saylor has continued to purchase bitcoin and MSTR shares have seen year-to-date gains of roughly 450%.
Trump considers Teresa Goody Guillén for SEC chair: Her appointment would likely usher in crypto-friendly policies and regulatory reform.
Meme coins including Bonk, Mog, and Brett have set all-time highs amid a rally partly driven by the resurgence of DOGE to $0.43: Bonk surged 120% following a burn campaign earlier this week, while Moo Deng also hit record prices.
Russia has drafted amendments to tax crypto income, classifying digital assets as property: The new laws would subject trading and mining income to a 15% personal income tax, while VAT exemptions would apply to crypto transactions.
➕ Topic of the Week: Recurring Buys
🫱 Read more here
SPY Long From Support! Buy!
Hello,Traders!
SPY is trading in a strong
Uptrend an the index is
Already making a bullish
Rebound from the local
Horizontal support below
At 584$ which reinforces
Our bullish bias and makes
Us expect a further move up
Buy!
Like, comment and subscribe to help us grow!
Check out other forecasts below too!
Bitcoin - When will Bitcoin go to price correction?!Bitcoin is above the EMA50 and EMA200 on the daily timeframe and is trading in its ascending channel. Risk ON sentiment in the US stock market or investing in Bitcoin ETF funds will lead to its continued upward movement. We will look for bitcoin selling positions in the range of the channel ceiling (weekly).
Capital withdrawals from Bitcoin ETFs or risk OF sentiment in the US stock market will pave the way for Bitcoin to decline. Bitcoin buying positions can be looked for in the two specified demand zones.
It should be noted that there is a possibility of heavy fluctuations and shadows due to the movement of whales in the market and compliance with capital management in the cryptocurrency market will be more important.
US Spot Bitcoin ETFs
• Performance Last Week:
• During the first three trading days, US spot Bitcoin ETFs experienced substantial capital inflows, starting with a $1.11 billion inflow on the first day.
• However, in the last two trading days, the ETFs faced capital outflows of $400 million and $370 million, respectively.
• Weekly Summary:
Overall, the ETFs recorded a net capital inflow of $1.67 billion for the week, marking a positive performance.
Crypto Market Liquidations
• Coinglass Data:
• Over the past 24 hours, due to market volatility, more than 101,000 traders were liquidated, resulting in a total liquidation value of $231 million.
• This significant figure highlights the impact of recent market fluctuations on crypto traders.
Credit Agricole’s Analysis of the US Dollar
• Future of the Dollar:
• Unlike the 2018 rally driven by Trump-era policies, Credit Agricole argues that 2025 will not see a repeat of the same trend.
• Reasons:
• Current economic conditions differ significantly from 2018.
• Monetary policies and the dollar’s current strength indicate that the dynamics driving the dollar’s movements have shifted.
Robert F. Kennedy Jr. on Bitcoin
• Bitcoin as the “Currency of Freedom”:
• Robert F. Kennedy Jr., former Secretary of Health under Trump, described Bitcoin as a tool for protecting the middle class from inflation and a solution to counter the devaluation of the dollar.
• He also highlighted Bitcoin’s potential role in addressing America’s crippling national debt, emphasizing its importance in the country’s economic future.
Declining Correlation Between Bitcoin and Gold
• The correlation between Bitcoin and gold has dropped to its lowest point in 11 months.
• James Stanley, Chief Market Strategist at Forex.com:
• Gold has recently reached an overbought status, and its price correction is reasonable.
• Investor Focus on Bitcoin:
As Bitcoin approaches the $100,000 threshold, gold may regain investor appeal, especially near critical support levels.
FBTC: Break Out After 12 Months of Sideways - DCA TradeAll the white lines are buys. My weighted average price per share would be somewhere in the middle. I Dollar Cost Averaged into the position from basically the launch of the product on exchanges earlier this year, Say March 24. The trade looks to finally be playing out.
Long Term Hold position for me, and will add on higher timeframe (1 Day, 3 Day, Weekly) oversold conditions outside a normal standard deviation.
Fun time to be a trader at the moment.
Two Different Paths For ^VIXweve set lower daily highs aince the last major volatility event, and trended lower weekly to averages. the uptrend is not lost for vix and uvxy threatens to break out of tightening range or wedge/triangle. ive marked out what a test and failure of the trendline would look like, and ive also bar patterned the breakout scenario. im leaning short because i think the election result will be volatile, but have a buy the news impact on broader markets. this is bearish for vix in both scenarios.
normal election volatilityim buying the election outcome for either candidate. heres my reasoning. both are proposing fiscal spending. both are campaigning on tax cuts. both candidates are contributing to a loosening monetary policy and impact on competition to us ai or agi and semiconductors. big tech runs on venture capital and both candidates are leveraging some form of trade war.
here im looking at svxy for clues about how recession proof the s&p500 is to large cap volatility. based on the recency of the top in svxy i dont think were going to begin a broader market stock recession near all time highs without setting a lower quarterly high that fails to bring us a new weekly uptrend. this looks like selling in the leadup to the election which should be bought whenever the index sets a clear rebound level weekly.
ETF SPY weekly (log)Hello everyone,
Weekly chart in logarithmic scale.
The channel is bullish, we are in the upper part of the channel, but I do not see any bullish exaggeration.
The 200-period simple average is bullish in orange on the screen.
In any case, investing in the SPY is a very good investment.
Make your own opinion, before placing an order.
► Thank you for boosting, commenting, subscribing!
SPY Pullback: Time to Consider New Swing Long Positions!While AMEX:SPY remains in a strong uptrend, today’s 0.5% decline offers a healthy retracement for swing traders looking to enter long positions at more favorable levels. I don’t expect this pullback to last long or be of significant magnitude, but the short-term weakness is evident, creating an attractive window to buy into the trend. Watch for upcoming signals, as this dip could present a fresh opportunity for the next upward move.
The technicals support this outlook:
Relative Strength Index (RSI): 63.85 (Neutral), indicating the market isn’t oversold yet, leaving room for more downside before a potential rebound.
MACD Level: 5.77 (Buy), signaling positive momentum and supporting the overall bullish trend.
Momentum (10): 12.81 (Buy), confirming underlying strength in the uptrend.
Exponential Moving Averages (10, 20, 50, 100, 200): All in “Buy” territory, reinforcing that the uptrend remains intact despite today’s pullback.
However, Stochastic %K (90.36) and Commodity Channel Index (192.15) point to potential short-term exhaustion, suggesting this is a brief pause before the next leg higher. Swing traders should stay alert for a better entry point at any moment.
Action: Stay tuned for a buying opportunity and follow me to see when I make my next move into the trend!
Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Trading involves risks, and you should only invest what you can afford to lose. Always do your own research and consult with a financial advisor before making investment decisions.
Bitcoin - American elections, future fluctuations of Bitcoin!Bitcoin is above the EMA50 and EMA200 in the 4H time frame and is trading in its ascending channel
Risk ON sentiment in the US stock market or investing in Bitcoin ETF funds will lead to its continued upward movement
Capital withdrawals from Bitcoin ETFs or risk OFF sentiment in the US stock market will pave the way down for Bitcoin, which can be used to look for Bitcoin buying positions in the two specified demand zones
As long as Bitcoin is within the specified range, you can look for buy and sell positions at the top and bottom of the range
It should be noted that there is a possibility of heavy fluctuations and shadows due to the movement of whales in the market and compliance with capital management in the cryptocurrency market will be more important
Bitcoin - The return of Trump, the rise of Bitcoin?!Bitcoin is above the EMA50 and EMA200 in the 4H timeframe and is trading in its ascending channel
Risk ON sentiment in the US stock market or investing in Bitcoin ETF funds will lead to its continued upward movement
Capital withdrawal from Bitcoin ETFs or Risk Off Sentiment in the US stock market will pave the way down for Bitcoin, which can be found in the two defined demand zones, looking for Bitcoin buying positions
It should be noted that there is a possibility of heavy fluctuations and shadows due to the movement of whales in the market, and compliance with capital management in the cryptocurrency market will be more important
Mt. Gox Delays Repayment Deadline, Bitcoin RalliesMarket Update - October 18, 2024
Mt. Gox has delayed its bitcoin repayment deadline by a year: This delay is viewed as a greenshoot for bitcoin prices, with traders arguing it reduces selling pressure on the broader market. The price of bitcoin was just short of $67,000 by Thursday afternoon.
US spot bitcoin ETFs saw notable net inflows of more than $555 million on Monday, the highest since June: Spot ether ETFs also saw $17 million in inflows, continuing positive momentum for both investment vehicles.
Coinbase is pursuing partial summary judgment to obtain SEC documents about crypto regulation: The regulator has previously delayed in responding to a Freedom of Information request made by the exchange over the same issue.
US spot bitcoin ETFs saw $18.66 million in net outflows on Tuesday, led by Fidelity’s FBTC, which recorded $48.82 million in withdrawals: BlackRock’s IBIT was the only ETF to see inflows, with $39.57 million entering the fund.
Monochrome will introduce Australia's first spot ETH ETF on Tuesday, following on from the launch of its spot Bitcoin ETF in August: Notably, the Monochrome ether ETF will allow both cash and in-kind redemptions, which could garner interest from institutional investors.
🌶️ Topic of the Week: Chiliz (CHZ): Bringing Blockchain and Crypto to Sports Fandom
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Simplify Market Neutral Equity Long/Short ETF Analysis 10/16/24DISCLOSURE: As of 10/16/24 I have no open positions in NYSE: EQLS
Simplify Market Neutral Equity Long/Short ETF
EQLS is a market neutral ETF with equal weighting long and short positions. The fund selects long and short positions based on valuations as well as qualitative factors.
The fund has a 9.5% yield, which is quite impressive for returns in a market neutral way. Capital appreciation in this fund is unlikely and it will perform best during large stock market drops. For me, I see EQLS (and alternatives in general) as an asset allocation decision to lower draw-downs and earn a return that is uncorrelated with market moves.
As long as you understand the risks and downsides of alternatives and are willing to accept a slightly lower return in order to stabilize your portfolio EQLS is one of the better options.
I will be coming out with more research for free here so give me a follow if you enjoyed.
Avantis U.S. Small Cap Value ETF Analysis 10/16/24DISCLOSURE: As of 10/16/24 I am long Avantis U.S. Small Cap Value ETF NYSE: AVUV
AVUV is a small cap value fund listed on the New York Stock Exchange. They invest in a broad basket of small cap stocks listed in the United States. The fund chooses investments based on qualitative as well as quantitative factors to achieve the best risk adjusted return possible.
Why AVUV?
The primary reason to consider AVUV is as a long term hold alternative to the S&P 500 or other broad U.S. Indexes. Avantis as a brand focuses on factor investing, or the identification of certain characteristics and their ability to outperform or under perform the market.
Of the research available small cap, and value are the 2 most profitable factors over a long enough time period. This is due to the longer runway of small companies, as well as the prices they are bought play into the excess returns. Its worth noting that the value factor implies profitability, setting AVUV apart from indexes like the Russel 2000.