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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
BNC:BLX
by EXCAVO
24
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.
INDEX:BTCUSDShort
by PrepForProfit
SPY - Rising Trend Channel [MID TERM]🔹Breakout the rising trend up in the medium long term. 🔹Support at 430 and resistance at 460. 🔹Positive signal from rectangle formation at 436 breakup, continue looking at next resistance 477. 🔹Short-term momentum is positive with RSI above 70. 🔹Technically positive for medium-term long-term. Chart Pattern; 🔹DT - Double Top | BEARISH | 🔴 🔹DB - Double Bottom | BULLISH | 🟢 🔹HNS - Head & Shoulder | BEARISH | 🔴 🔹REC - Rectangle | 🔵 🔹iHNS - inverse head & Shoulder | BULLISH | 🟢 Verify it first and believe later. WavePoint ❤️
AMEX:SPYLong
by wavepoint99
ARKW - Horizontal Trend Channel🔹Breaking up horizontal trend channel in medium long term. 🔹Positive signal from rectangle formation at 51.51 resistance breakup. 🔹Between support 55 and resistance 64. 🔹RSI above 70 indicates strong short-term positive momentum. 🔹Technically POSITIVE for medium-term long-term. Chart Pattern; 🔹DT - Double Top | BEARISH | 🔴 🔹DB - Double Bottom | BULLISH | 🟢 🔹HNS - Head & Shoulder | BEARISH | 🔴 🔹REC - Rectangle | 🔵 🔹iHNS - inverse head & Shoulder | BULLISH | 🟢 Verify it first and believe later. WavePoint ❤️
AMEX:ARKWLong
by wavepoint99
TQQQ - Rising Trend Channel [MID TERM]🔹TQQQ has broken the rising trend up in the medium long term 🔹Broken up through resistance 39. 🔹Support at 39. 🔹Short-term momentum is positive with RSI above 70. 🔹Technically positive for medium-term long-term Chart Pattern; 🔹DT - Double Top | BEARISH | 🔴 🔹DB - Double Bottom | BULLISH | 🟢 🔹HNS - Head & Shoulder | BEARISH | 🔴 🔹REC - Rectangle | 🔵 🔹iHNS - inverse head & Shoulder | BULLISH | 🟢 Verify it first and believe later. WavePoint ❤️
NASDAQ:TQQQLong
by wavepoint99
BTC: THE ETF EXPLODE TO 47KBTC is currently experiencing a period of interest due to recent trends, particularly the involvement of BlackRock. We have observed the impact that previous trends, such as the rise in gold price when ETF did start. Two important factors that could influence BTC's price action are BlackRock's involvement and the increasing interest from Chinese investors, particularly related to the Hong Kong exchanges. Considering recent trends, it is crucial to closely monitor BTC's price action from a technical perspective. BTC currently shows potential for a breakout that could push its price to around $31,000. We consider $47,000 as a significant target that BTC could aim for in the near future. However, it's important to note that BTC follows trends, and there will always be variations in price actions along the way. Looking ahead, it is important to watch how BTC progresses in the coming period. Once BTC confirms the $31,000 mark, we can analyze the cycle view pattern and further discuss the important target of $47,000. there is also a possibility of BTC remaining stable or not experiencing significant increases. This is because cryptocurrencies are not easily unpredictable, and it's essential to consider all trends. However, based on the available data and current observations, it seems that BTC has a high chance of breaking out in the coming time.
by Goldenbreakout
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
CME:BTC1!Long
by linebands
US30: Breakout Bearish Channel, The Start of the Trend Reversal?Hello Fellow Stock Investor/Trader, Here's an Outlook for Dow Jones Industrial Average or US30! Price Action Analysis There has been a breakout of the recent double bottom and falling wedge pattern, which is followed by a bullish hammer. This pattern typically confirms a potential reversal or bullish scenario. Furthermore, the candlesticks have moved above the dynamic support/EMA90, indicating the possible start of a bullish trend. The momentum indicator The MACD has formed a golden cross prior to the breakout, indicating a potential upward movement for the US30. If the scenario unfolds as planned, after reaching the historical resistance area, there may be a pullback to 33463 before continuing its movement towards the second target. The roadmap will be invalid after reaching the target/support area. Support the channel by smashing the rocket button and sharing your opinions in the comment below! "Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position on the FX:US30 "
ULong
by financialfreedomgoals101
2
MJ Up in smoke?ETFMG Alternative Harvest ETF We have been tracking the MJ ETF for many years now. Club members want to know when the price action turn around will happen as cannabis industries continue to boom in the US while congress seems to be stuck in the mud regarding the legislation needed to move forward with a legal federal charter. 100s of billions of dollars worth of products are waiting to be federally recognized as legal. Thousands of legal businesses are awaiting a SAFE banking charter reform act to be adopted. Until then, we sit and watch patiently as price hold the 4.44 level (4.20 bottom in?) The good news is the bottom white line is zero and we can guarantee it wont go past that. Outlook: Hold strong if long in our humble opinion Range: $4 - $8 Short term neutral - accumulation Long term this industry will explode with a catalyst like US federal legalization.
AMEX:MJLong
by btcbiff
5
ARKK To Rise On TSLATesla will be lifting ARKK up on Friday but what other companies is ARKK made up of? Is this growth innovation ETF right for you? I am a huge fan and looking forward to what the future holds for ARKK and Cathie Woods can change the positions at any time to catch the best growth from the right companies at the right time. Holdings are: TSLA 11.81%| ROKU 7.95%| ZM 7.14%| PATH 6.55%| SQ 6.12%| COIN 5.58%| EXAS 4.83%| SHOP 4.62%| CRSP 4.09%| DNKG UW 4.06%| TWLO 3.85%| U 3.82%| TDOC 3.81%| NTLA 3.76%| RBLX 3.40%| BEAM 2.68%| PACB 2.57%| DNA 2.56%| HOOD 2.28%| PD 2.17%| STOCKS UNDER 2% NOT LISTED *Source ARK_INNOVATION_ETF_ARKK_HOLDINGS.pdf ark-funds.com As a real estate investor utilizing the stock market to raise funds for real estate, ARKK is my number 2 pick in my TOP 10 Portfolio, a 10 stock portfolio that contains the top 10 best performing stocks I have witnessed in my lifetime. View my Tesla analysis to see why Tesla will pull ARKK up this Friday. Beware Of Tesla Tidal Wave
AMEX:ARKKLong
by Myantman101
GDX: Will you make it? 💪This is what we ask GDX regarding our primary scenario. The ETF has shown momentum in both directions: upward and downward. However, we expect the bulls to win this fight, pushing GDX above the resistance at $32.58 and into the turquoise zone between $33.93 and $35.57. There it should finish wave ii in turquoise and turn southward again, heading back below $32.58. However, our secondary scenario shouldn’t be disregarded! There is a 40% chance for the bears to triumph. In that case, we would have to wait for wave alt.(5) in yellow to expand first, which would then include a new low.
AMEX:GDX
by MarketIntel
OIH: Rebound 🏐Impulsively, OIH has bounced off the resistance at $276.85, which now marks the top of wave iv in magenta. Next, the ETF should continue the downward trend below the support at $250.69 to complete the magenta-colored three-part movement and thus expand wave 3 in turquoise. However, a 35% chance remains that OIH could take a northbound detour, climbing above the resistance at $276.85 to develop a new top in the form of wave alt.2 in turquoise first before turning southwards again.
AMEX:OIH
by MarketIntel
Back on an ARKKHello! If you are a follower and have been following my content I am happy to say that I am back! If you are new, welcome! I have been established as an options swing trader and became so successful that I bought a house. Now I am interested in real estate investing and have built a "Top 10 Picks" Portfolio with my top 10 picks that I will be spreading my money over in an attempt to save for a second property to soon rent out. This is a medium term goal of 2 years and I will be discussing my investment strategies, fundamental research on the "Top 10", and other general information about my top 10 picks. ARKK has been an ETF that I am highly interested in and was brought to my attention by YouTuber Andrei Jikh. He is a great investor/market analyst to follow and adds some humor to his videos. Back to ARKK! ARKK is an ETF that is actively managed by Cathie Wood. She does her own research and invest in companies that are high growth or have potential for high growth. Investments not meeting her growth standards are dumped and she is constantly searching the market for the best investments, With this there is a high expense ratio of 0.75 due to amount of work put in by the investment firm. Based on technical analysis it can be easily predicted that ARKK will rise tomorrow and retest a previous level of resistance at 41.30 a share. Based on the MACD, I believe ARKK has the potential to break through resistance. ARKK TOP 10 FACTS: Currently 40.37 a share, I am up 1.41% ( One day into the investment ) and this is in first place for performance in my portfolio. Follow to get random information pertaining to ARKK along with technical analysis, future price movement predictions, and more!
AMEX:ARKKLong
by Myantman101
SPY S&P 500 Index ETF and the Debt Ceiling DealThe political climate is favorable for a small rally of SPY, the S&P 500 Index ETF, towards the next resistance level of $430. After several weeks of tense negotiations, President Joe Biden and House Republicans have reached an agreement in principle to address the debt limit and cap spending. The debt-ceiling deal is now finalized, and here are significant parts of the agreement: First, the agreement suspends our $31 Trillion debt ceiling until January 2025, providing some relief and avoiding immediate concerns. Additionally, the agreement ends the pause on student loan repayments, allowing borrowers to resume their payments. This decision aims to ensure the stability of the student loan system and address the long-term financial implications. Furthermore, the agreement includes stricter work requirements for low-income and older Americans who receive food stamps. These requirements are intended to encourage self-sufficiency and help ensure that federal aid benefits are effectively utilized. Regarding IRS funding, the agreement entails a $20 billion reduction from the initially proposed $80 billion budget. This reduction specifically targets the allocation meant to crack down on tax evasion by wealthy individuals and corporations. Moreover, the deal puts an end to the ongoing freeze on monthly student loan payments and interest. It also introduces restrictions on the President's ability to reintroduce such a freeze in the future. To avoid contentious debates until after the next presidential election, the agreement suspends the debt limit until January 2025. This decision provides a temporary relief from potential conflicts surrounding the debt limit. The agreement also implements new work conditions for Supplemental Nutrition Assistance Program (SNAP) recipients, raising the age limit for work requirements to 54. This measure aims to promote workforce participation and enhance the effectiveness of federal aid programs. Overall, this comprehensive agreement addresses various aspects of the debt limit and spending caps, aiming to strike a balance between fiscal responsibility and supporting those in need. My overall outlook is still bearish and i think the small rally could easily turn into a bull trap. Looking forward to read your opinion about it.
AMEX:SPYLong
by TopgOptions
1
ARK ETF repeating Dow's Great Depression?The ARK Innovation ETF (ARKK) ever since (even before) its Peak on February 16 2021, has been printing a pattern similar to the one that Dow Jones (DJI) formed during the 1920s/30s Great Depression. Right now it appears to have rebounded on Leg (f), which is the market bottom, and is pulling back to form Leg (h). According to Dow's blueprint, ARK should rebound aggressively above the 0.382 Fibonacci retracement level to Leg (i). Do you think the worst is over for the tech driven ETF? ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
AMEX:ARKKLong
by TradingShot
2
SPY S&P 500 ETF Prediction Ahead of FED Rate Hike Decision ! This week's Federal Reserve meeting is highly anticipated, and I`m predicting that the market will go down following the announcement. The primary reason for this prediction is the expectation that the Fed will keep interest rates high for longer, with no rate cuts predicted for this year. Based on fixed income futures, there is a 70% chance that the Fed will hike rates by 0.25-percentage-points, while only a 30% chance that they will hold rates steady. My prediction is that the Fed will indeed raise interest rates, which could lead to a market downturn as higher interest rates tend to slow down economic growth. If the Fed's decision leads to higher interest rates that remain in place for an extended period, it could result in lower spending and investment by consumers and businesses, which could further exacerbate the market downturn. Therefore, many investors are closely monitoring any signals regarding future rate hikes or cuts and preparing for a potential dip in the market following the announcement. According to the technical analysis chart, the SPY appears to be forming a bearish head and shoulders pattern, indicating a potential trend reversal from bullish to bearish. This pattern typically consists of three peaks, with the first and third peaks being of similar size and the middle peak being the highest. Based on this pattern, my estimated price target for the SPY is 390. Based on my analysis, I would buy the following PUTS ahead of Fed's decision: 2023-7-21 expiration date 390usd strike price $5.05 premium I am interested to hear your thoughts on this strategy.
AMEX:SPYShort
by TopgOptions
12
BOIL: Boiling up and down 🥘Still a bit tentatively but visibly, ProShares Bloomberg Natural Gas (aka BOIL) is starting to boil up, quite in accordance with our expectations. As the first part of a three-part counter movement, the ETF should climb further upwards to finish wave a in magenta, before wave b in magenta should return it to its current level. From there, BOIL should rise into the yellow zone between $7.11 and $19.05 to complete wave c in magenta as well as wave (4) in yellow, whose high should then initiate the overarching downwards trend’s final step: wave (II) in white.
B
by MarketIntel
8