You're not buying Bitcoin because it's too expensive. Boomers...are buying IBIT at 39 thinking it can hit 100 welcome to unit bias something to think about Just a thought that popped into my head..Longby BallaJiUpdated 3
IBIT:Why are elites buying Bitcoin?Why are elites buying Bitcoin? Bitcoin has evolved from a cryptocurrency experiment to an asset of global interest, attracting the attention of large financial institutions and elites. This shift in perception, backed by reports such as BlackRock's, highlights how Bitcoin has evolved to become a solid option for protecting capital and diversifying portfolios. But what really motivates elites to invest in Bitcoin? Bitcoin as a hedge against inflation Inflation, driven by expansionary monetary policies and increasing money issuance, has become a major concern for high-end investors. Bitcoin, having a limited supply of 21 million units, acts as a store of value that cannot be devalued by an increase in supply, as is the case with fiat currencies. This feature makes Bitcoin an attractive option for those seeking to protect their wealth over the long term in an environment of rising inflation (BlackRock, 2023). Decentralization and Resilience: A Refuge in Times of Uncertainty Unlike traditional currencies and other assets that depend on government policies and economic stability, Bitcoin operates independently of central bank and government decisions. This gives it a unique resilience in times of instability. As BlackRock highlights, Bitcoin's decentralized nature makes it an ideal tool for those seeking financial autonomy and protection from state intervention. In a context of global uncertainty, this feature is especially attractive to investors seeking safe assets that are uncorrelated to the traditional financial system (BlackRock, 2023). The Role of Institutional Adoption The growing adoption of Bitcoin by financial institutions and investment funds has been instrumental in legitimizing the digital asset. In its report, BlackRock mentions how the entry of institutional investors into the Bitcoin market not only increases its credibility, but also reduces long-term volatility. This trend is relevant because it encourages other high-profile players to explore Bitcoin, seeing it as a less risky and increasingly stable asset. The involvement of institutions such as BlackRock and other investment funds also provides an endorsement that incentivizes elites to consider Bitcoin in their portfolios. Portfolio Diversification and Long-Term Growth Potential Bitcoin is an asset that is uncorrelated to traditional stock or bond markets, making it a strategic diversification option. According to BlackRock, in a volatile economic environment, this diversification capability is key to mitigating risks. Moreover, as an asset still in a growth phase, Bitcoin has significant appreciation potential. Its global adoption is still limited, which for many investors represents an opportunity to position themselves before its value stabilizes with wider adoption. Conclusion: Bitcoin as Risk and Growth Management For financial elites, Bitcoin offers a combination of protection, growth and diversification. Interest in this asset lies not only in its ability to offer attractive returns, but also in its role as a risk management tool in an increasingly uncertain economic environment. As BlackRock highlights, investing in Bitcoin represents a strategic step both to protect capital against inflation and to participate in an emerging financial trend that promises to transform markets globally. Ion Jauregui - ActivTrades Analyst References: • BlackRock (2023). Bitcoin institutional adoption report. ******************************************************************************************* The information provided does not constitute investment research. The material has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and such should be considered a marketing communication. All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information. Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acing on the information provided does so at their own risk. Longby ActivTrades2
$IBIT November 7, 2024NASDAQ:IBIT November 7, 2024 Weekly. First time we have a close above all highs and near top of bar too. We have to wait and see Friday Close. For the last rise 33.47 to 43.63 holding 38.5 to 39 is important. I entered around 40 levels. Holding for a target 48 initially. After consolidation in that level i expect a good move. Longby RiderTrader0
Understanding Bitcoin ETFs: What They Are and Why They Matter?1. What is a Bitcoin ETF? A Bitcoin Exchange-Traded Fund (ETF) is a financial instrument that tracks the value of Bitcoin and allows investors to gain exposure to the cryptocurrency without directly owning it. Bitcoin ETFs operate similarly to traditional ETFs, which track the value of assets like stocks, commodities, or indices. Managed by financial institutions, Bitcoin ETFs are available on traditional stock exchanges, making it easier for investors to participate in Bitcoin’s price movements through regular brokerage accounts. There are two main types of Bitcoin ETFs: Spot Bitcoin ETFs: Track the current market price of Bitcoin, directly reflecting its value. Futures-based Bitcoin ETFs: Track the value of Bitcoin futures contracts, which are agreements to buy or sell Bitcoin at a predetermined price at a specified time in the future. In the U.S., Bitcoin futures ETFs have been approved and launched on major exchanges like the New York Stock Exchange (NYSE), while spot Bitcoin ETFs are still under regulatory review by the Securities and Exchange Commission (SEC). 2. How Does a Bitcoin ETF Differ from Buying Bitcoin Directly? While both Bitcoin ETFs and direct Bitcoin purchases provide exposure to Bitcoin’s value, they differ in several key ways: Ownership and Custody Bitcoin ETFs: Investors own shares in the ETF, but not the actual Bitcoin itself. The ETF provider holds the underlying Bitcoin or Bitcoin futures contracts, taking on the responsibility of secure custody. Direct Bitcoin Purchase: Investors who buy Bitcoin directly through cryptocurrency exchanges or wallets own the Bitcoin and have full control over it, including the responsibility for secure storage. Access and Regulatory Oversight Bitcoin ETFs: Are traded on traditional stock exchanges and are regulated by financial authorities. This oversight ensures investor protections that are not typically present in cryptocurrency markets. Direct Bitcoin Purchase: Involves buying from cryptocurrency exchanges, many of which are less regulated and may lack certain protections offered by traditional financial products. Trading Hours Bitcoin ETFs: Trade during standard market hours, typically from 9:30 AM to 4:00 PM EST. Investors can buy or sell shares only within these hours. Direct Bitcoin Purchase: Bitcoin can be traded 24/7, giving investors the flexibility to enter or exit positions at any time. Taxation and Fees Bitcoin ETFs: Investors are subject to capital gains taxes and may also incur management fees for ETF administration. Direct Bitcoin Purchase: Direct Bitcoin investors are also subject to capital gains taxes. However, they may face lower or no management fees, depending on how they store their Bitcoin. Use of Leverage and Derivatives Bitcoin Futures ETFs: These funds allow investors to speculate on Bitcoin’s future price movements without holding actual Bitcoin. However, futures-based ETFs can be more complex, as they rely on futures contracts rather than spot prices, which can introduce tracking errors. Direct Bitcoin Purchase: Investors buy Bitcoin directly, holding actual units of the asset without derivatives or leverage, providing a more straightforward exposure to its current market price. 3. Why is a Bitcoin ETF Important for the Cryptocurrency Market? The approval of a Bitcoin ETF is a significant milestone for the cryptocurrency market for several reasons: 1. Broader Accessibility Traditional Investors: A Bitcoin ETF opens the door to traditional investors, especially those who may not be comfortable using cryptocurrency exchanges. Investors can access Bitcoin exposure through familiar brokerage accounts without needing to learn about wallets or private keys. Institutional Interest: A Bitcoin ETF creates an easier path for institutional investors to participate in the Bitcoin market, bringing in large amounts of capital. As institutions enter the market, Bitcoin's market liquidity and price stability may improve. 2. Increased Legitimacy The introduction of a Bitcoin ETF legitimizes Bitcoin as an asset class in the eyes of regulators, investors, and financial institutions. It signals recognition from regulatory bodies and increases trust in Bitcoin among mainstream investors. 3. Boost to Market Liquidity Bitcoin ETFs can increase liquidity in the market, as they provide a regulated and accessible means for both retail and institutional investors to gain Bitcoin exposure. Greater liquidity can reduce volatility, making the market more stable over time. 4. Potential for Price Appreciation With increased demand and accessibility, a Bitcoin ETF could lead to upward price pressure on Bitcoin. This is especially relevant for spot ETFs, which would require the fund to hold actual Bitcoin, thus increasing demand for the underlying asset. 5. Step Toward Broader Cryptocurrency ETF Adoption Approval of a Bitcoin ETF could pave the way for ETFs focused on other cryptocurrencies like Ethereum or Solana, expanding the options for crypto exposure within traditional markets. This could accelerate the overall growth of the cryptocurrency sector. 4. Pros and Cons of Bitcoin ETFs While Bitcoin ETFs offer numerous benefits, they also come with certain drawbacks. Advantages of Bitcoin ETFs Ease of Access: ETFs are easily accessible through traditional brokerage accounts, removing the need for new accounts on cryptocurrency exchanges. Regulatory Protections: ETFs are regulated by financial authorities, providing investors with protections that may be absent on cryptocurrency exchanges. Enhanced Liquidity: Increased market liquidity through ETF participation can reduce volatility and provide a more stable trading environment for Bitcoin. Professional Custody: ETF providers manage Bitcoin custody and security, making it easier for investors who do not want to worry about wallet security or private key management. Diversification Opportunities: Bitcoin ETFs can be included in retirement accounts or blended into traditional investment portfolios, broadening their appeal as a tool for diversification. Disadvantages of Bitcoin ETFs Limited Trading Hours: ETFs can only be traded during standard market hours, unlike Bitcoin, which is available 24/7 on cryptocurrency exchanges. Management Fees: Most Bitcoin ETFs come with annual management fees, which can reduce overall returns for investors. Potential for Tracking Errors: In futures-based ETFs, tracking errors may occur, meaning the ETF's performance may not accurately match Bitcoin’s actual price movements. No Direct Ownership of Bitcoin: ETF investors do not own Bitcoin itself, which means they miss out on the ability to use or transfer the asset directly. Market Dependency on Regulators: The introduction and ongoing success of Bitcoin ETFs depend on regulators’ willingness to approve and support crypto-based financial products, which may limit the ETF market’s expansion. 5. Outlook and Future of Bitcoin ETFs The potential approval of a spot Bitcoin ETF in the U.S. could be a game-changer. With increased institutional and retail access, the Bitcoin ETF market could drive greater adoption and legitimacy for cryptocurrencies overall. However, regulatory challenges remain, as the SEC has thus far resisted approving spot Bitcoin ETFs due to concerns about market manipulation and lack of robust investor protections. As regulatory clarity improves, we may see a broader array of crypto-based ETFs emerge, possibly including multi-asset ETFs that combine Bitcoin with other cryptocurrencies or assets, such as stocks or commodities. Furthermore, as institutional adoption grows, the role of ETFs in the financial ecosystem could increase, potentially influencing Bitcoin’s price dynamics and volatility as well. Conclusion Bitcoin ETFs represent a bridge between the traditional financial world and the emerging cryptocurrency market. While they offer unique advantages, such as regulatory protections and ease of access, they also come with limitations like management fees, limited trading hours, and the lack of direct ownership. For those who want exposure to Bitcoin within the security of a regulated investment product, Bitcoin ETFs provide a promising option. The success and potential of Bitcoin ETFs lie in their ability to draw both individual and institutional investors into the cryptocurrency market, making it a potentially transformative development for the financial world. As more countries consider ETF approval, and as the cryptocurrency industry matures, Bitcoin ETFs could play a pivotal role in the mainstream adoption and integration of digital assets. Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch! ✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes. --- • Look at my ideas about interesting altcoins in the related section down below ↓ • For more ideas please hit "Like" and "Follow"! Educationby Crypto4light117
To turn into a short-term uptrend, it needs to rise above 34.18 Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- Let's check out the chart with the highest trading volume among the released BTC ETF products. (IBIT 1M chart) However, since the chart has just been created, the role of the indicated support and resistance points may be weak, so caution is required. - (1W chart) The point where the volume profile section is formed on the current chart is 38.14. Therefore, it is expected that the uptrend will begin only when it rises above the volume profile section. - (1D chart) The key is whether it can maintain the price by receiving support and resistance formed at the 32.70 point and rising above 34.18 (if possible, Fibonacci ratio 0.618 (34.68)). Therefore, it is necessary to check whether it can break through the psychological volume profile section of the first gate, 32.85-33.41 section. - From a trend perspective, it is necessary to break away from the downtrend line (1) in order to turn into an uptrend. Accordingly, it is necessary to check whether it can lead to a movement to change the state from M-Signal on the 1D chart > M-Signal on the 1W chart. If it fails to turn, you should check for support around 23.99-26.03. - Based on the current price position, it is expected that a full-scale uptrend will begin when it rises above the HA-High indicator (39.87) on the 1D chart. Since the HA-Low indicator on the 1D chart has not been created yet on the current chart, if it starts to fall below 32.67, it seems likely that the HA-Low indicator will be created. If the HA-Low indicator is created, the key point is whether there is support around that area. - Have a good time. Thank you. -------------------------------------------------- - Big picture It is expected that a full-scale uptrend will begin when it rises above 29K. The area expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 13401.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to occur in the future. We need to check if these points can be broken upward. We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 ----------------- by readCrypto1
$IBIT 4-Hour Chart Gaps Continue to Fill and Leave Clues for BTCThis new leading 'indicator' for lack of a better term, continues to be accurate and 100% since the NASDAQ:IBIT inception. Every single gap has filled, except one recent one which I believe will resolve to the downside at some point below. The 2nd IBIT Gap just filled on this mini-rally today, so I think we head lower to fill the other lower unfilled gap as noted. Although it's showing a nice hammer reversal candle and Bullish Engulfing candle here. So If it breaks and holds above $33, then we likely push higher for a time. There's no time limit for filling these gaps unfortunately. But I think we'll re-test recent price action on Bitcoin around GETTEX:54K , which would be a nice buying opportunity. Unless the markets continue to get spooked with election / econonomy fears. Also, since the CPI came in as expected there's less reason for the FED to drop rates .50 basis points which is what I thought could be a short term catalyst to rally prices. As of today's CPI news, there's an 85% chance of just a .25 basis point cut. I can't foresee any positive bullish news in the short term, so I'm expecting September to continue to be rangebound, choppy, and re-test recent lows. BTC.D does look bullish here, so I'm focusing attention on Bitcoin and SOL buying zones mostly. Really curious to see if and how long this 4-hour NASDAQ:IBIT chart and 'gap trading' continues to work... Shhhhh, for now I've found something new that's working :) Feel free to like and share. More info in my bio. - BrettShortby BrettFogle4
$IBIT Gap Filled As Forecast (New Leading Bitcoin Indicator?)Proof that this works? So far it's 100% accurate. Every single 'Gap' on the NASDAQ:IBIT 4-Hour chart has filled. Refer back to my prior videos showing this, and while this does NOT mean it will continue to work forever... It's certainly a curious anomoly. And likely works based on the same principals as the CME gaps which typically fill 99% of the time (There's still an unfilled gap on the Bitcoin CME at $9750 as I recall). But who's counting. Going forward, I'll be using this as an additional guide to where price may be heading and potentially reversing to, before resuming trent. Like and share this with your other trader friends, as this has been very interesting to monitor!Shortby BrettFogle115
BlackRock Bitcoin ETF Is Forming An Intraday Bullish SetupIf we take a look at the hourly chart of BlackRock Bitcoin ETF with ticker IBIT, we can see nice and clean five-wave intraday rally from the lows, followed by an a-b-c corrective setback with first support at 32 area, while second deeper one would be around 31 area. So, seems like it's forming a nice intraday bullish setup formation, thus watch out on a bullish continuation, while it's above 28 invalidation level, just keep in mind that bulls may step in above 34.15 level.Longby ew-forecast3
New IBIT Downside Gap To Fill Signaling Bitcoin RetracementWe have been following the BlackRock NASDAQ:IBIT 1 Hour and 4 hour chart since it was released earlier this year, and noticing that... Like the CME chart gaps, the IBIT chart gaps also similarly seem to fill. EVERY ONE SO FAR. So I'm now eyeing this lower gap to fill, and since the IBIT tends to be a leading signal to Bitcoin price, I'm expecting Bitcoin to drift lower to re-test recent lows before heading higher again. Shortby BrettFogle3
$IBIT Gap Likely Will Fill Monday And $BTC Goes Up I'm going to throw on my Cryptodamus helmet here and make a rather bold prediction. Nobody is talking about this, I discovered this pattern tracking the NASDAQ:IBIT since it launched. Just like the CME gaps tend to fill (95%) -- I noticed that the gaps on the 1 Hour NASDAQ:IBIT have ALL filled, except for the recent gap a few weeks ago around July 12th. And it was a big one. I believe the market drop in Bitcion over the weekend WILL fill the last gap tomorrow, creating a new gap overhead -- which will drive the markets higher for a nice bounce to fill the new gap. So this is a great potential buying opportunity if we do. I just shared my Solana DCA buying strategy for entering limit orders on the next drop in our M3 Active Trader chat (Link in Bil) So we'll see if I'm right. Don't panic (just yet)!Short02:55by BrettFogle5
$IBIT Gaps To Fill Before Heading Higher AgainI've been watching the 4-Hour chart on the Blackrock BTC ETF or NASDAQ:IBIT since the start. And recently noticed that until now, all of the gaps have filled much like we see on the !CME. Except for ONE large gap that has yet to fill, which I outline in the video. Let me know what you think, and we'll see how this plays out!Short01:30by BrettFogle2
Blackrock's aim for the Crown of Digital Currency ETFsSince it's inception at the start of January 2024 the iBIT ETF has gone up 31.35%. As of writing this July 22, 2024 the iShares Bitcoin ETF has seen an astounding $523 Million Inflows and a $912 Million trading volume over the last 24 hours. BlackRock is buying up Bitcoin at a pace unlike any seen before from institutional investors. This means that they can soon start borrowing and leverage their Bitcoin positions thanks to the sheer size their Spot ETF has so far. With the news of the Ethereum ETF being launched we can expect to see the price of iBIT rise up to $60.45 in the near future. Technical Analysis shows that the previous downtrend had been broken and that a reclaim of the range is now giving us a bullish indication for future price movement. Read our full report on our website to get a more in-depth look.Longby ForexFrontier2
The root cause of BTC nature is now IBIT This idea is targeted to find root cause of BTC price action in 2023- 2025 cycle. BTC nowadays mostly refllects IBIT ETF flows since Blackrock is one of biggest BTC owners now. So if we want to explore BTC future we then should see IBIT. Longby ipitch2
BlackRock Bitcoin ETF Could Be Finishing A CorrectionBlackRock Bitcoin ETF with ticker – IBIT looks like a nice and clean A-B-C correction that is right now sitting at interesting support area for A=C, but to confirm support in place and bulls back in the game, we need to see sharp or impulsive recovery back above 36.43 level. Longby ew-forecast5
$IBIT: Bitcoin's next leg up is hereBrace yourselves! Oh, and go long if not long. Best of luck! Cheers, Ivan Labrie.Longby IvanLabrieUpdated 222
Bitcoin ETF Breaking Support#Bitcoin NASDAQ:IBIT ETF is now a not touch until its back above that $34.50/$35 zone. Down to test that $30 support zone is on the table.by TaPlot2
$IBIT - Looks attractive for a starter postion.NASDAQ:IBIT is at 50% Fib retracement and lower trendline of the channel. The risk is a drop to $29 area. I am taking a starter position here and will add again around $29. The selling will eventually dissipate. If nation states start holding bitcoins as a reserve currency, the price could quickly double from here. Longby PaperBozz0
IBIT - IdeaHey Guys, Just wanted to show a chart / Idea for possible bounce areas. I would like to see a break of the trendline to think about going long. Thanks for reading…Shortby MeruEU3
Continuation Pattern on BitcoinNASDAQ:IBIT #bitcoin weekly chart. Continuation inverse head and shoulders makes this one to watch in the coming couple weeks or so.Longby TaPlot112
BTC ETF: If you had been holding off from buying, now's the timeI'm positive the post ETF selloff is over, AMEX:GBTC redemptions slowing down for 3 days, and 4h is showing a bullish Time@Mode pattern. (also forming in spot #BTC) Low risk entry here, I favor NASDAQ:IBIT personally, but ETF selection is up to you. Best of luck! Cheers, Ivan Labrie.Longby IvanLabrieUpdated 9
Asset Managers are looking at IBIT - Bitcoin thoughts - May 2024Sentiment seems to be that the cycle top is in. I disagree. The bitcoin ETFs are now opening up Bitcoin exposure to hedge funds and asset managers managing trillions of dollars, You have to ask yourself at this point, what is the likely hood that bitcoin has topped before the halving and now ETFs have opened the flood gates. I think very unlikely the bull market ends here. NASDAQ:IBIT Longby DarkHorseShelby_1
Ibit bullish supply zoneI think here ibit its very bullish from here but also its too much risky anyway this with Hong Kong etf maybe can force the market price to go up Longby aliraqims2
👀WATCHLIST: WED 03APR24Here is my watchlist of stocks I am adding today: NASDAQ:APPF NASDAQ:GIFI NASDAQ:IBIT MARKET GAUGE: 🟠CAUTION I have been talking about softness in the market. However, if stocks are breaking out of good positions will entertain.Longby TintinTrading3