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Google's Game-Changing Move: Bitcoin ETF Ads to Flood ScreensIn a groundbreaking development, Google is set to revolutionize the cryptocurrency advertising landscape by allowing Bitcoin ETF-related ads to hit screens from January 29, 2024. This move comes after Google's recent amendment to its advertisement policy in December 2023, aimed at providing clearer guidelines for promoting cryptocurrency Coin Trusts. The initial wave of Bitcoin ETF ads will be exclusive to the United States, but the tech giant's global reach is expected to propel these advertisements to every corner of the world in the coming months. Google's advertising policies underscore the importance of adhering to local regulations when targeting specific regions. This ensures that advertisers meet the necessary criteria and standards, promoting responsible promotion within the cryptocurrency space. The sheer reach of Google Ads is a game-changer for Bitcoin ETFs. With a global audience of 90%, extending to several billion people through Google websites and Play Store apps, these advertisements are poised to create widespread awareness. The top spot ads boast an impressive average click-through rate of 7.94%, highlighting the potential impact of Bitcoin ETF ads on the general public. Ad groups on Google Ads allow for precise targeting based on demographics, habits, interests, ongoing research, and past interactions. This strategic approach enhances campaign effectiveness by reaching specific audience segments through apps, videos, and websites. This move is expected to elevate the general awareness of Spot ETFs, reaching beyond the traditional audience of day traders and long-term investors. As a result, Bitcoin ETFs are likely to become a household name, capturing the attention of a diverse and widespread audience. The article also touches upon the current state of the Bitcoin ETF market, providing insights into trading volumes and recent market dynamics. While the debut of Bitcoin ETFs saw a massive $4 billion in trading volumes, recent fluctuations and outflows have kept the market in a state of anticipation. Notably, BlackRock's Bitcoin ETF stands out with $260.60 million in net inflow, contributing to a total AUM of $1.6 billion. In tandem with these developments, renowned media personality Jim Cramer is advising Bitcoin holders to consider strategic moves as the cryptocurrency's price undergoes a recovery phase. Cramer's insights add an additional layer of analysis to the broader narrative, creating a comprehensive overview of the evolving landscape for both $Bitcoin and Bitcoin ETFs.
BINANCE:BTCUSD
by DEXWireNews
SHORTING $SPY (MARKETS ARE OVERBOUGHT?)Why I am bearish on the S&P 500? - WBR Forecast indicator is BEARISH - We are entering a key zone which we've struggled to breakout from for the past 5 months. - Jim Cramer is bearish (Usually not a good thing lol) #inversecramer My personal trade: Stop Loss / Take Profits: - Entry: $455.45 - Take Profit 1: $432.24 - Take Profit 2: $412.06 - Take Profit 3: $386.44 - Stop Loss: $464.89 The Plan: Scale 50% of position at Take Profit 1 (TP1) and move stop loss to TP1. Scale 50% of remaining position at Take Profit 2 (TP2) and move stop loss to TP2. Scale rest of position at Take Profit 3.
AMEX:SPYShort
by fluxchart
5
Jim Cramer’s Confusing Calls on Nvidia CorporationThe business of stock prognostication is a tough one: a lot of uncertainty abounds, markets swing through surprisingly long bouts of herd-following and counter-trend sentiments, bots and market makers can rampage through the best technical setups, and companies sometimes only disclose the minimally required information. I dare to prognosticate only with risk management as a key partner. So I hold a lot of sympathy for those who also dare to prognosticate on stocks. CNBC’s Jim Cramer is one of those prognosticators I respect. So I was taken aback to discover his apparent inconsistency on his call on Nvidia Corporation (NVDA), a stock closely followed by a LOT of fans and detractors. For example, 117,000 accounts watch NVDA on StockTwits; 266,000 follow Apple (AAPL). After Nvidia Corporation (NVDA) blew up to the tune of an 18.8% post-earnings loss, I eagerly listened to the Mad Money podcast Friday night to hear what Cramer had to say about the company’s earnings and stock. Cramer is/was a big fan of the stock. I was quite surprised to hear him do a victory lap in the wake of this disaster. NVDA’s blow-up validated a prescient warning he issued last month: he predicted that NVDA would miss on its next earnings report. His Trust even dumped its entire NVDA position. I could not remember this warning on Cramer’s Mad Money show, so I did a search. The results appeared right at the top of the list because Thestreet.com made sure to reference Cramer’s October warning. He made this bearish call at an “Investment Bootcamp.” Cramer and his partner Jeff Marks were quite explicit: they sold NVDA ahead of an expected earnings miss but planned to add it right back into the portfolio after a big drop because of all the bullish secular trends surrounding NVDA. Cramer concluded the included video clip by saying: “I am not going to get “Facebooked” with this Nvidia…But we have to take action when we can, not when we have to.” This segment was a display of smart risk management and timely profit-taking. After all, Cramer was up $100 in the stock. Brilliant. Given this sensible strategy, I was quite baffled to also find in my search that Cramer advised an investor during the Lightning Round of his special Veteran’s Day episode of Mad Money (Monday, November 12th) to buy some NVDA before and after the company’s earnings report. He did not reference his October prediction of post-earnings calamity. “Yes . OK, Nvidia reports on Thursday. I think the quarter is going to be just OK, not great. I think your next quarter is going to have a product gap because they’ve got this Turing chip that is so smart that nobody’s running for it yet. But the answer is I agree. I’d buy a little before and then a little after. Do not make a big commitment because the stock is in free fall, but I like your thinking. Long term, it is the best in show.” Fast forward to the 3:45 mark in the video (notice how NVDA is even called “best-in-show”!) {Cramer’s lightning round: How investors should approach the ‘best-in-show’ stock of Nvidia from CNBC.} I credit Cramer for pointing out that NVDA was in free-fall at the time; that observation was his warning about the short-term risks in the stock. Still, failing to mention his core thesis of an earnings miss is confusing if not outright bizarre. The post-earnings reminder from TheStreet.com underlines what Cramer really thought about NVDA. It is possible I missed some other information that would tie up the loose ends, connect the dots, and bring understanding to this inconsistency. However, I cannot imagine what that information might be. Regardless, I do think it makes sense to keep NVDA on the buy radar. The stock closed Friday at a 14-month low. The stock attempted a bounce from the gap down open but faded. If the stock closes above that intraday high of $171, I think it is worth the risk of a purchase with a tight stop below the intraday low of $161.61. On the downside, I see little support for the stock until $139.54 where NVDA began a sharp bounce from a June, 2017 sell-off. Below that point, support comes from filling a gap-up created in May, 2017 that ranged from $102.94 to $114.29. The stock could of course manage a dead cat bounce from current levels just because it is so far below its lower Bollinger Band (BB). {Ahead of earnings, Nvidia Corporation (NVDA) was struggling to hold onto some year-to-date gains. The post-earnings 18.8% loss wiped out gains all the way back to September, 2017.} Source: FreeStockCharts.com Be careful out there! Full disclosure: no positions
NASDAQ:NVDA
by drduru