Couple Potential ScenariosIve just included a couple of scenarios that could play out for BTC. At this point I am pretty neutral and just waiting for something to push me toward a side. There are still some pretty bearish divergences on the 1W and 1M charts. If we do break ATH id expect 72k to come rather quickly. If we fail to break ATH we could see a couple of weeks of sideways action before falling to the downside.
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ETF
"Wall Street Bitcoin" Lovely baby chart on the 15minWell, as someone who is extremely critical of toxic Wall Street Instruments. I am impressed with this "futures" BS "Bitcoin-link" instrument of mass destruction. Fortunately, Bitcoin, unlike manipulated gold and silver commodity markets, is a world-wide, distributed and battle hard spaceship.
Gifted to us by the gods not though gold but though MATH AND TRUTH! And the charts over today's first trading day on crook street (banksters hours) shows a lovely 15 min period chart ending with a warm bullish engulfing candle. Warms my heart.
Enjoy the ride people. Trust yourself first. And verify the rest!
Notes: First date trading:
$40.88 OPEN
24.284M VOLUME
BITO is NOT an investment because it's decays with futures contract roll overs. Great swing trade position. As we break 65K, BLUE SKY BREAKOUTS to .... (TBC)
Bullish Bias on ETHThe general consensus is bearish right now.
So many people think that the ETF tomorrow will be a "sell the news event."
I am not wasting even a second considering the outcome of that. It is already priced in, nothing will come of it. What im wondering is why nobody is remembering the massive cup and handle pattern we are in, the supply shortage on exchanges, and how we just had the highest candle close ever on bitcoin.
You have to be an idiot to think that the cup and handle pattern is less telling than some ETF being approved. Who cares about this ETF? If we do crash (go below my red line) I blame it on the media pushing this stupid ETF news so much. This is crypto, we don't require catalyst events for mega pumps.
Crazy Divergence RSI With the ETF news coming out tomorrow I think we could see one final fake out pump to trap some bulls before we head to the downside....
The reasons being...
- Extremely bearish divergence on the 1 Week Chart as well as the 4H , 1D , 3D
- ETF news coming out tomorrow (Buy the rumor, Sell the news)
- Long overdue for correction
- Still havent broken above the yellow line as graphed.
- One of the top 3 largest BTC holders have been heavily unloading since 50k.
- Everyone is optimistic - Greed/Fear Index is at EXTREME GREED
- Volume is significantly lower than the last time we were at this price.
- Most bears have flipped bulls due to weekly candle close at ATH
Weed Sector Capitulation and Accumulation (MJ) What's going on with weed stocks?? There are justifiable claims that some of these companies could still be overvalued. However, despite declining price, On-Balance Volume remains relatively high compared to what we saw during the last major downward swing between March 2019 and March 2020. This could signal accumulation. Additionally, the UO (ultimate oscillator - red) shows a bullish divergence on the daily chart.
People who own weed stocks know they need to be patient. The more capital and wealth one has, the easier it is to be patient. This drives accumulation by wealthy entities. I've noticed signs of emotional capitulation by retail weed stock owners. Sentiment is truly awful. Meanwhile, price is just barely sitting on a major horizontal support level.
Interestingly, MJ didn't start to truly bounce from the 2020 lows until Bitcoin started to make its rally towards all-time high last fall. Does the weed sector follow once more?
Below here, and the next support isn't really until around $10, so I see this as a pretty fearful moment in this sector. If it gets down to those lower levels, perhaps I'll purchase more. I'm not really in any hurry. Even in a financial crisis, weed will not lose demand. In fact, as mental health issues increase, so do coping strategies such as smoking/using weed. The weed industry also involves the stable price of a good. Goods and services won't go anywhere in a financial crisis. Weed is a particular kind of resource, so I think it will trade differently. This is part of my reasoning behind my own accumulation.
I guess we'll see! If MJ can bounce hard from these levels, I think it can complete a longer term accumulation process and begin to exit the trading range.
This is not financial advice. This is purely for speculative and entertainment purposes.
-Victor Cobra
Bitcoin a besoin de closer en haut de 62k sur un daily timeframe$BTC
WEEKLY CLOSE NEW HIGH Fusée
TLDR :
#Bitcoin EN HAUT DE 60K = ÊTREMEMENT BULLISH
on a créer un nouveau range a 60k ce qui est excellent
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ce qu'on veux:
Daily close en haut de 62k !
ensuite les 2 dernière résistance sont :
63.5k & 65k (psychological + très prêt du ATH)
- si BTC réussi a closer un daily caddle en haut de 65k on pourrait target 75k next !
- si btc est incapable de closer en haut de 62k, on devrait voir un pull back vers 60k
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2 grandes zones:
63.5k - 65k = résistance
54k - 57.5k = support ( seulement si on pers la zone de 60k sur un daily basis) loin de la pour le moment, pourrais arriver si le close du lundi ne se fait pas en haut de 62k, mais avant nous avons une bonne zone de support a 60k
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ETF approbation
Beaucoup positif récemment, mais c'est toujours bien de voir les 2 coté de la médaille.
Le ETF future de bitcoin est une bonne chose sauf que il faut savoir que ce ETF n'est pas l'achat réel de bitcoin. c'est seulement un produit dérivé qui est offert plus facilement au investisseurs qui reflete le prix du bitcoin. Le ETF n'achèterons pas de bitcoin et en plus ca permet au investisseur de miser contre le bitcoin (SHORT) ; il peuvent donc parier sur une baisse du prix du BTC.
La prochaine grosse annonce que nous voudrons par rapport au ETF c'est un ETF ''backed by bitcoin''
comme ce que Bitwise veut faire.
🚀 Fichiers Bitwise du gestionnaire d'actifs numériques pour l'ETF Bitcoin réel avec NYSE Arca
Crazy Weekly DivergenceBTC has some pretty intense bearish divergence on the weekly timeframe. With price being pumped based on the ETF news this will probably end up being a classic case of "Buy The Rumor - Sell The News". There has to be at least some sort of pullback for BTC to continue healthy growth. The longer we go without a correction, the worse it will be when it does finally correct. I think we could see a drop to the 47k area before retesting the 63k area. ETF isnt particularly a good thing for BTC but that is just my opinion. Lets see what happens.
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CAN BTC HOLD ABOVE $59500 AND CLAIM AS RESISTANCE?BTC on the daily is looking to hold support at $59,500, if we can break above $60,000 and hold we can see ATH very soon.
The BTC ETF is causing me to be bearish short term because the COINBASE IPO caused the last major retracement and what is different this time?
Trade with caution, DCA, NFA.
VAPX Weekly - Building up for larger move?It was disappointing that the 21.90 lateral support didnt hold, but I held onto my positions as the significant weekly 20.80 support was still in tact. As long as we remain above 20.80 the set-up remains bullish and could potentially be building up to form an inverse head and shoulder which will be confirmed with a break above 23.50. I continue to hold
Cyber Security and BeyondLSE ISPY ETF
London Stock Exchange - L&G Cyber Security - Exchange-traded fund - Weekly view
In the post-COVID-19 scenario, the global cybersecurity market size is projected to grow from USD 217.9 Billion (£159.3 billion) in 2021 to USD 345.4 Billion / £252.5 billion by 2026, recording a Compound Annual Growth Rate (CAGR) of 9.7% from 2021 to 2026. The market's growth can be attributed to the increasing awareness and rising investments in cybersecurity infrastructure across global organisations operating across verticals.
Source: www.globenewswire.com
- ISPY ETF on the LSE since the start of 2020 (644 days) has grown by 85%.
- Time for profit has decreased across this year from 133 days to 63 days (blue) with time of consolidation remaining fairly level (red).
- 50 simple moving average & 200 simple moving average remain very healthy.
- Oscillator is in a flat top ascending triangle (bullish indicator).
- Buy and Sell cloud remains equal with no changes to ATH and lows.
Conclusion
Cyber security is a growing profession and market, as technology progresses so will online trading (stocks, index, futures crypto etc).
With development comes stability, with stability comes confidence, with confidence comes economical enhancement.
Value of ISPY is still very low (less than £20 / $27.36 (as of 15.10.21 at 0723). Whether you are a new to trading or a grounded professional. ISPY would be worth adding to your portfolio.
LSE requires full purchase of stocks.
US/Forex allows for fractional stocks.
Jump to BTC rapid train at ~49500! Nfa!New Fibonacci levels after the last dip (~40K) and last high (~58K) in daily graphic signals retracement to ~49500. Fractal patterns in the last months also suggest that BTC loves to come below to previous swing ATH before travelling to new ATH's. Upcoming months with probable good news such as ETF's may take BTC to unknown ATH's and hence this may be the last stop to jump to the train at a reasonable price. This is not a financial advice, please decide on your own!
Beginning to add to position in ERTH at reduced price levels ERTH is an ETF that seeks to track the performance of the MSCI Global Environment Select Index, green energy and technology is not a new play but due to the scale of our reliance on fossil fuels it is a theme that has legs to run. Green technology and energy is also an industry that receives substantial subsidization and investment from governments around the globe which will invariably give companies operating within the industry a massive leg up. In addition to this depending on your views about climate change it may tick some of your feel good boxes as well, knowing that your money is being invested into a "good" industry. Once again for the regular investor with limited time and relying on the evidence that even professional money managers tend to underperform the market on average it makes sense to target the green technology theme using an ETF. ERTH has 142 holdings spread across the globe and well diversified across the different sectors. Prices have fallen over 20% from the high of mid January which technically puts it into a "bear" market, as with any long term investment depressed prices are an opportunity to increase your position and so I will be doing so until prices can break back above $65 on a weekly closing basis.
*Not a recommendation to buy or sell, for educational purposes only*
SPY (s&p500 etf) - Support, Resistance, Trend - October 2021SPY index ETF has been in a daily downtrend since September 2021.
SPY price is currently under trendline resistance.
Bearish scenario: Price falls down below $437, $435, or $428.
Bullish scenario: Price breaks up above $441 to $444.
Resistance(s): $441, $444, $447, $449, $450, $452.
Support(s): $435, $430, $429, $426, $422, $419.
Q3 2021 earnings season is starting, and will likely be the catalyst for price volatility for the next 30 days.
QQQ (nasdaq etf) - Support, Resistance, Trend - October 2021Nasdaq index ETF has been in a daily downtrend since September 2021.
QQQ price is currently below trendline resistance.
Bearish scenario: price falls below $360 down to $350.
Bullish scenario: price breaks above $365 up to $372.
Resistance(s): $365, $368, $372, $374, $378, $382.
Support(s): $360, $353, $350, $348, $345, $341.
Q3 2021 earnings season is starting, and will likely be the catalyst for price volatility for the next 30 days.
DIA (dow jones etf) - Support, Resistance, Trend - October 2021Dow Jones Index ETF has been in a daily downtrend since September 2021.
DIA price is currently above trendline resistance.
-Bullish scenario: price breaks and holds above $350 to $354.
-Bearish scenario: price falls below $344 to $338.
Resistance(s): $350, $352, $354, $355, $357, $359.
Support(s): $346, $344, $339, $335, $333, $331.
Q3 2021 earnings season is starting, and will likely be the catalyst for price volatility this month.
$QQQ testing the resilience of the uptrendQQQ has been on a rising wedge for over a year.
Looking only at technicals, a breakdown from the wedge could take us to the mid 200s (starting point of the wedge). That would represent a 30% drop, which would require some macroeconomic triggers (Evergrande? Any of the bubbles bursting?).
But, until the lower end of the wedge is broken, I´ll still be looking for LONG trade setups.
TA On New BITCOIN ETF HBIT $8.50 Canadian dollars or or HBIT.U $6.36 USD
Don't be part of the mass that says "I should have bought Bitcoin when it was cheaper!" It's DIRT CHEAP! 1/40th of its stable state from my rough calculations where where 1 Satoshi is worth one penny (or so).
Watch HBIT's volume increase as institutional whales come into the the world's new BITCOIN ETF!
HBIT (Canadian dollars, TSX) or HBIT.U (US Dollars TSX). Tradable on Canadian's largest legacy stock exchange. Please comment on who you think is Canada's largest new world exchange (aka crypto exchange)? Volume is non-existant today because the ticker it too new, after 1-3 month, large, rule limited, institutions will be able to buy into Bitcoin on paper, via the Toronto Stock Exchanges.
This is a sleeping whale. And sub $7s were the all time lows... We're at bottom.
For now, if you're stuck in TFSA and RRSP self investments and can't figure out the hassles of crypto exchanges although netcoins.ca seems to be great for novices, and want the cheapest way to buy bitcoin, Horizons is not the safest custodian because ETFs are not real assets, they are paper backed by crooked paper.
This is an easy long and hold until Bitcoin is widely adopted and used on something as mainstream as Apple Pay or Visa Networks.
This ticker is getting struck by Lightning! ⚡
Caution, this is Bitcoin tracked, so expect stormy times. 🌩️ as we head to $2M Bitcoin "steady state" where 1 Satoshi is worth one penny (or so)
Bullish (green) and bearish (red) circles what to possibly look for on the MACD and Moving average cross overs on the daily charts which is the swing trading default it seems.