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BTC: Bearish - GARTLEY detected in WeeklyBTC: Bearish - GARTLEY detected in Weekly The Wolf of Zurich has detected a "GARTLEY" and more precisely a "Harold McKinley GARLEY"! Bitcoin could rise to $49,625 then fall back to $36,600 at the “nearest” level and at the “lowest” around $18,900 PRZ zone lies between $19,000 and $36,300 The 50 exponential moving average "in Weekly" is around $33,900 The 200 exponential moving average is around $36,815 daily There is therefore a high probability of going down to $36,800 Then Bitcoin could rebound after the “Halving” to $100,000 in the long term! Happy trading to all be careful
Short
by Le-Loup-de-Zurich
5
Bitcoin ETF Launch: New Bull Run? 🚀📈 The Potential Impact of Bitcoin ETF Launch: A Long-Term Bull Run? 🚀📈 Hello, crypto enthusiasts! Today, let's explore the exciting prospect of a Bitcoin ETF (Exchange-Traded Fund) launch and how it could potentially set the stage for a long-term bull run, drawing parallels with the impact of gold ETFs in 2004. 📊 ETFs: ETFs are investment funds that track the performance of a specific asset or group of assets. A Bitcoin ETF would enable investors to gain exposure to Bitcoin's price movements without holding the cryptocurrency directly. 📈 Historical Precedent: To understand the potential impact of a Bitcoin ETF, we can look back at the launch of gold ETFs in 2004. They provided an accessible way for investors to buy into gold, significantly boosting gold's price and leading to a prolonged bull market. 🚀 Potential Scenarios: If a Bitcoin ETF were to launch, several scenarios could unfold. It could attract a wave of institutional and retail investors looking to diversify their portfolios, potentially driving up demand and prices. 🌟 Long-Term Bull Run: Similar to gold, the introduction of a Bitcoin ETF might pave the way for a long-term bull run. Increased mainstream adoption and acceptance of Bitcoin as a legitimate asset could be on the horizon. 🔮 The Future Awaits: It's essential to remember that markets are influenced by a multitude of factors, and nothing is guaranteed. While a Bitcoin ETF launch could be a catalyst, thorough research and risk management remain crucial. In conclusion, the potential launch of a Bitcoin ETF has garnered significant attention, and its impact could be akin to the transformative effect of gold ETFs. If history is any indication, we might be on the cusp of an exciting era for Bitcoin and cryptocurrency. Stay informed, stay prepared, and remember – the crypto landscape is ever-evolving, presenting both challenges and opportunities! 🌐🚀
INDEX:BTCUSD
by AlexWhale