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Investing Green: Global X CleanTech ETFIn this post, I'll be introducing a way you can gain expose yourself to green investments through Global X CleanTech ETF ($CTEC). Disclaimer: This is not financial advice. This is for educational and entertainment purposes only. I am not responsible for the profits or loss generated from your investments. Trade and invest at your own risk. The Potential of Green Investing - President Joe Biden is expected to unveil a new $1.75 trillion spending framework on Thursday, which will include $555 billion for clean energy investments. - The spending targets emissions-reducing technologies across buildings, transportation, industry, electricity and agriculture. - The dollars earmarked for climate spending focus on incentives rather than punishments. - The initiatives will start cutting pollution now, with more than one gigaton of greenhouse gas emissions reduced in 2030. - This will set the U.S. on a path to reduce emissions by 50% to 52% below 2005′s levels by 2030. - The plan includes a 10-year expansion of tax credits for utility-scale and residential clean energy, transmission, storage, electric vehicles and clean energy manufacturing. - More than $100 billion is set aside for resilience investments as extreme weather events, including wildfires fueled by climate change, batter the U.S. Framework Breakdown - $320 billion: Clean energy tax credits - $105 billion: Resilience investments - $110 billion: Investments and incentives for clean energy technology, manufacturing and supply chains - $20 billion: Clean energy procurement Information about the ETF - The Global X CleanTech ETF (CTEC) seeks to invest in companies that stand to benefit from the increased adoption of technologies that inhibit or reduce negative environmental impacts. - This includes companies involved in renewable energy production, energy storage, smart grid implementation, residential/commercial energy efficiency, and/or the production and provision of pollution-reducing products and solutions. - Inception Date: Oct 27, 2020 - Total Expense Ratio: 0.5% - Net Assets: $187.38B - Net Asset Value (NAV): $22.23 Top 10 Holdings 1. PLUG POWER INC (PLUG) - 8.02% 2. ENPHASE ENERGY INC (ENPH) - 7.60% 3. VESTAS WIND SYSTEMS A/S (VWS DC) - 5.71% 4. SIEMENS GAMESA R (SGRE SM) - 5.24% 5. SAMSUNG SDI CO LTD (006400 KS) - 5.19% 6. SOLAREDGE TECHNO (SEDG) - 5.10% 7. XINYI SOLAR HOLDINGS LTD (968 HK) - 4.89% 8. FIRST SOLAR INC (FLSR) - 4.80% 9. QUANTUMSCAPE CORP (QS) - 4.33% 10. JOHNSON MATTHEY PLC (JMAT LN) - 3.66% Technical Analysis - This ETF has undergone a long phase of accumulation between $16-21 - While it has broken out of the accumulation range, there are two main levels of resistance it needs to break; $23.3 and $29.6 - We could expect the ETF to test the now resistance-turned-support in the form of a pullback before moving up to create higher lows and higher highs - Based on the fibonacci retracement level, we could consider the 1.618 a plausible long term target. Conclusion The US government is investing heavily in cleantech, and paving way for green companies to grow, and it's highly likely that other governments will begin to do the same across the world. Finding a specific winner for their cause might be difficult, but this ETF allows you to gain exposure to a variety of cleantech companies. While this ETF doesn't have a long track record, it's managed by a reputable company. Technically, we have broken out of the accumulation range, and yet the price is still close to the ETF's net asset value, providing high upside potential for the mid to long term. If you like this educational post, please make sure to like, and follow for more quality content! If you have any questions or comments, feel free to comment below! :)
NASDAQ:CTECLong
by Michael_Wang_Official
40
ETHH, ETHH.B and ETHH.U World First ETH Ether Physical ETF!If you're stuck with RRSP and want to avoid the derivative junk out there that mimics crypto but is backed by banksters instead of the real crypto, consider ETHH from Canada. It's a little sticky because of the maple syrup and beaver tails but otherwise, it's the best "regulated" want to touch crypto without getting ripped off too much from the Street. Available as ETHH - Hedge Canadian ETHH.B - unhedge Canadian ETHH.U unhedged USD! !!!!!!!!!!!!!!!!!!! I challenge ANY readers to find me a better "legacy market" instrument than ETHH trading anywhere in a highly regulated environment. If you own and derivatives ETF garbage, SELL, and buy PHYSICAL! Or as close to it as you can if you need custody services for your crypto. Accumulate on dips HODL ETHH in RRSPs, TFSA or even 401K? NOT FInancial Advise and I only get paid in good will. Cash is trash.
TSX:ETHHLong
by UnknownUnicorn2413721
1 day BTC price upside prediction TO THE MOON GUYSToday I was over leveraged and some big whale son of a b* wanted to liquidate me, and many like me who thought the Valkyrie ETF would generate a big bull run to 70k , but some bulls wanted to make profits before that, so those damn whales dumped the price albeit being behind all this fake ETF frenzy to generate FOMO and then selling the hell out of it , now they bought the dip, and going forward. This is probably a big WYCKOFF going on.
Long
by bestraderbro
1
Bitcoin Where To Now? $70K Resistance Possible Drop Below $60kCheers to everybody in Bitcoin and in cryptocurrency! Very exciting times to be in this space. It's always great to know that pretty much everybody in Bitcoin is profitable whenever Bitcoin reaches new all time highs! Ideally we want to hold the $60,000 level for Bitcoin but dropping below $60,000 is always a strong possibility. I believe the first real major resistance for Bitcoin will be at $70,000 or in between $75,000 if we continue this uptrend. We're pretty overheated on the daily oscillators indicating a pullback may be upon us. Support levels if we drop below $60,000 I'm looking at support around above $55,000. We're looking bullish on the weekly time frames in my opinion. The fundamentals have gotten much stronger since the Bitcoin ETF which will enable a great amount of money to come into cryptocurrency in the coming months. Specifically into Bitcoin. I believe the next coming months will be very historic once again. Much peace, love, health, and wealth!
COINBASE:BTCUSDLong
by peacefuljustin
CRYPTO ETF - THE ESCAPE ROUTE FOR PROFIT??AMEX:BITO I'm not a fundamentally based trader, however, there are times where a theoretical story seems likely to supplement the technical analysis side of the (bit)coin. Technically: Most IPOs are pretty obvious as to what is support and resistance are after a few days of trading. Therefore, mapping out potential levels in the future become easier - especially if happens to align with large round numbers. The areas shaded are in my opinion the ONLY places I would pay attention to. Fundamentally: Bitcoin is at HI's again, and crypto is prevalent in the news with the launch of its first ETF (paving way for others). If anyone is looking to get out of bitcoin near its all-time HI, double top, then we need buyers. These ETFs are providing the liquidity for the sellers aka the escape artists to profit from the buyers and new players into the crypto world. We may see absorption of this buying (temporarily?) before we see bitcoin, crypto, and BITO ETF suffer some. Small moves in the grand scheme of things where you can still profit. Just an idea....
AMEX:BITOShort
by ProSTrades
Canadians trade Bitcoin within RRSP? Bull and Bear?Looks like all the Canadians stuck with toxic dollar=based high priced equity can buy in fake Bitcoin via ETF. Complete junk but highly tradable. For Bitcoin when the Bull is running (like now), BUY HBIT When the bear returns, switch to cash-is-trash or BITI to go bear on Bitcoin. Use the leverage. On this trading style we will be fairly agreesive since we prefer to be in cash since the legacy markets run on obsolete banksters hours and systems. Move to the new world of internet money. The truth. And until there is a true physically based backed Bitcoin ETF, trade this ETF scams. Heck a lot better than any mutual funds. THIS IS NOT FINANCIAL ADVICE - TRUST YOURSELF - VERIFY EVERTHING ELSE.
HLong
by UnknownUnicorn2413721
BTC Toughest Test YetBTC is looking to take out the former trend support that has held as resistance for the last 5 months. It is also fighting against the neckline of the rounded top/ head and shoulders pattern that formed Feb-May. If Bitcoin is able to flip both of these lines (Which is exactly where BTC reached before slightly dropping). Then I think we can confirm that the bull market is back in full swing. Until we flip these lines do not enter long positions with high leverage. Because we could move sideways for a couple days and then move to the .5-.618 fib levels. 51k and 43k should hold as support. Until these 2 lines are flipped I think it is best to remain neutral. Do not give in to FOMO. You can still get a great entry when bull market is confirmed. Thank you for viewing my post!
by Nutty_Trader
1
"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)
AMEX:BITOLong
by UnknownUnicorn2413721
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.
COINBASE:ETHUSDLong
by UltimateKnowledge
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
Short
by Nutty_Trader
7
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 $10, so I see this as a pretty fearful moment in this sector. If it gets down to those lower levels, perhaps I'll purchase more. I'm not really in any hurry. Even in a financial crisis, weed will not lose demand. In fact, as mental health issues increase, so do coping strategies such as smoking/using weed. The weed industry also involves the stable price of a good. Goods and services won't go anywhere in a financial crisis. Weed is a particular kind of resource, so I think it will trade differently. This is part of my reasoning behind my own accumulation. I guess we'll see! If MJ can bounce hard from these levels, I think it can complete a longer term accumulation process and begin to exit the trading range. This is not financial advice. This is purely for speculative and entertainment purposes. -Victor Cobra
AMEX:MJLong
by VictorCobra
3
Bitcoin a besoin de closer en haut de 62k sur un daily timeframe$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 ---- 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 ---- 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 ---- 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
Long
by alchimisteTRADER
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. Thank you for viewing my post!
COINBASE:BTCUSD
by Nutty_Trader