➖ 5 up-waves pattern detected. ➖ Wave five ends as an "inverted hammer" candlestick pattern. ➖ The inverted hammer is followed by a strong bearish candle (confirmation of the pattern); the biggest bearish candle since 11-Jan. ➖ Highest bearish volume right after the top signal. ➖ Bearish divergence on the RSI. ➖ Many GAPs left open on the way up. ➖ Confirmation...
The BitcoinETF IBIT will open the US market with a pre-market gap up today dear Crypto Nation👀🚨 Why can this be important❓ In 6 out of 6 times when that happened we saw BTC go up at least 1,000 USD before getting down 500 USD🚀 No financial advice to open a trade at US market opening with RR 2,0... but keep an eye on the behavior today - might be an interesting...
Above is Blackrock's new Bitcoin ETF. This is mostly a joke and a "wait and see" post. I'm curious whether the liquidity generated by these Bitcoin ETF's creates a permanent resistance at their opening day high, which is around $30 for IBIT. I'm speculating that Bitcoin may never again breach $50k. Again, I'm partially kidding with this post but wouldn't be...
Bitcoin and IBIT Blackrock ETF prices are pushing higher showing buyers are back in the game. But I also think we're hitting the upper range of this trend channel and likely due for a pullback. The Total Market Cap has a strong resistance area around $1.75T My thesis is that Bitcion pulls back after this bull trap rally and pushes back towards $38k before...
correlation of first TVC:SILVER etf vs first CRYPTOCAP:BTC etf aka Bull trap aka why I am short
I'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.
IBIT ended the week on a bearish note. Trading started down/red and pullbacks were weak and short-lived. The last 1h candle has an upper wick and closed at the sessions low. ➖ Monday is a Holiday in the USA —no trading. ➖ Tuesday, a bearish close can lead to a bearish start... Tomorrow is likely the day when everything starts to crash. Enjoy today. Prepare......
I embedded how first silver etf reacted on btc etf chart, using it as a forecast. It is a hard trade so be careful
I did not personally expect this much Spot BTC being converted from GBTC to IBIT but the numbers are right there. IBIT's low fee's and Blackrock's brand name have just drained the GBTC supply. As of today IBIT's holdings is $1,060,712,715.95 GBTC holdings is $23,707,965,989.80 This will become a close battle within months and the low fee battle will always exist.
Hello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (IBIT chart) Trading will begin with the approval of BTC ETF (ISHARES BITCOIN TRUST). As you can see, the current trend is a downward trend. In order to turn this downward trend into an upward trend,...
3X by 2026 based on long term pattern of BTC. Question remains whether the ETF brings in additional volume to pump the price to the stratosphere and soften any landings.... or the likes of Blackrock simply ruin this space.