As Bitcoin continues goes mainstream, from Bitcoin ETFs, to El Salvador, the first nation to adopt Bitcoin as legal tender, steadily adding to its Bitcoin reserves every day since March 16 2024.... The question remains, what are some of the best Proxies to Bitcoin...
This chart shows a few stocks trading as proxies to Bitcoin.
Hive appears to be trading in multiple bullish patterns.
Noticeably the stock is creating higher lows and higher highs forming a bullish pennant & a crude bull flag pattern.
Hive has bounced off the upward sloping support of the pattern 4-5 times, displaying strong support for the bulls.
Considering Hive is correlated to the price of Bitcoin & Ethereum we...
It appears as though Bitcoin is trading in a descending channel, with a potential breakout happen in the near term.
BTC has tested the downward sloping resistance of a descending channel pattern multiple times, each time BTC is creating a lower high & a lower low, which is inherently bearish.
The williams alligator is also displaying a bullish cross & the bands...
Bullish cross on the KST.
Bullish cross on the Williams Alligator.
Bitcoin is showing several bullish indicators suggesting a move higher in the near term...
It appears as though BTC has broken the downward sloping resistance of a bull flag.
Highlighted in Green you can notice an inverted H&S pattern coming to completion.
Also, there is the potential of a break downward from a bearish flag.
Multiple bullish crosses on the KST indicate bullish momentum.
An ascending triangle appears to be playing out, $420.00 price target by 2025.
Inverted H&S pattern is noticeable as well.
It appears as though BYON is trading in an ascending triangle.
On the KST there has been a bullish cross.
The stock is finding support at the DMI, and has broken above the 200 DMA for the second time in two years since the downtrend from ATHs.
TNY appears to be trading in a bullish flag and bouncing off of the DMA which is inherently bullish.
Lots of speculation around this stock becoming involved with AB-InBev due to new BOD members.
Interesting timing considering DEA re-scheduling and federal reform in America.
Speculation is speculation, but the chart is indicating an upswing.
And the company...
Bullish cross on the KST.
Bullish cross on the DMI.
$110.00 price target where resistance is likely to occur at the upward sloping resistance of the pattern.
GTII appears to be one of the cannabis companies in America holding their market cap relatively intact.
There is an ascending triangle pattern on the verge of breaking out, and like clockwork cannabis reform in America is a hot topic to capture voters of all ages.
“There’s no excuse for our not being in the forefront for something that is now legal for 97...
It appears as though CRSP is forming a micro ascending triangle that is likely to result in bullish momentum....
The Williams Alligator is widening to the upside and there was recently a bullish cross.
This is inherently bullish, but could always change in an instant....
60k incoming...
It appears as though a bullish cross has happened on the DMI.
But on the same token, it appears as though BTC is trading in a bearish expanding triangle.
It will be interesting to see how well the resistance & support holds with increased volatility.
Ascending Triangle breakout.
BlackRock officially named JPMorgan as an authorized participant for its pending Spot Bitcoin ETF. Upon any approval by the SEC, JPMorgan Securities and Jane Street Capital will be among the first financial firms to begin working with Bitcoin shares for investments.
Get your popcorn. Lots of fuckery incoming via various bankster...
It appears as though Ethereum has broken the horizontal resistance of an Ascending Triangle or Bearish Pennant....
ideally we want to see the old resistance turn into new support, I do not expect that to happen.
A re-test of the upward sloping support of the pattern is like to occur.
