#Bitcoin ETF
Investing in a Bitcoin ETF offers several benefits, including:
Regulated Investment Structure:
A Bitcoin ETF provides a regulated and well-known investment structure, allowing investors to track changes in the price of Bitcoin within established confines.
Diversification and Simplified Investing:
ETFs often hold a basket of Bitcoin, allowing for diversification, and they enable daily buying and selling of shares, similar to other publicly-traded securities.
Exposure Without Ownership Expenses or Risk:
Investing in a Bitcoin ETF provides exposure to Bitcoin without the additional ownership expenses or exposure to the risks associated with holding the cryptocurrency directly.
Liquidity and Market Stability:
ETFs offer liquidity and transparency, and their approval can lead to market stability around Bitcoin, contributing to a more mature and stable market.
Increased Adoption and Mainstream Confidence:
The introduction of a Bitcoin ETF, such as the anticipated BlackRock Bitcoin ETF, could increase the legitimacy of Bitcoin as a form of investment and attract more institutional adoption, providing confidence to investors.
In summary, investing in a Bitcoin ETF offers regulated exposure, diversification, simplified investing, and potential market stability, making it an attractive option for investors seeking to gain exposure to Bitcoin.
source: Perplexity.ai
November 9, 2023
#Bitcoin continued its bullish trend, hitting another record high of $37,9042.
The price was supported by the news that PayPal had launched a new service that allows users to buy, sell, and hold Bitcoin and other cryptocurrencies on its platform.
This was seen as a major milestone for the mainstream adoption of Bitcoin, as PayPal has over 400 million active users worldwide.
#BTC /USD #ElliottWave #BollingerBands
. . . charting the ebb and flow
Wave (5) of ➂ is unfolding. Following the completion of w (5) a corrective (downward) ABC w ➃ follows as is shown in the previous price action. That would then be followed by a new impulse (upward) w 1 of Wave ➄.
https://image.nostr.build/d0ffbab134c3387c4ab411037e2d77c7f5f5042aaeb4f7b6310e2b5028ac0873.jpg
Day
#Bitcoin #investing #trading
#VolumeProfile
https://image.nostr.build/34e84c17a3c9528493e8c1e6e95389b8ed242d41eeb007ce2b56d6bc9874584a.jpghttps://youtu.be/JbtKyOFAht4
The volume profile is a trading indicator that provides information about the trading activity at different price levels over a specific period of time.
It is often used by traders to understand where significant support and resistance levels might exist and to identify potential price reversal points.
Here are some ways to use the volume profile when investing or trading BTC:
1. Identifying Key Support and Resistance Levels:
By analyzing the volume profile, traders can identify price levels where significant trading activity has occurred.
These levels can act as support or resistance zones, helping traders make decisions about where to enter or exit trades.
2. Volume at Price:
The volume profile shows the volume of Bitcoin traded at various price levels.
Traders can look for areas with high trading volumes to confirm the strength of a price move. High-volume nodes often indicate areas of interest for traders.
3. Point of Control (POC):
The POC is the price level at which the highest volume of Bitcoin has been traded during the specified time period.
Traders often pay attention to the POC as it can act as a magnet for price, drawing it back to that level.
4. Volume Gaps:
Analyzing gaps or voids in the volume profile can help traders identify areas where price might move quickly due to low trading activity.
These gaps can represent potential trading opportunities.
5. Volume Profile Combined with Price Patterns:
Traders often combine the volume profile with technical analysis and price patterns to make informed trading decisions.
For example, they might look for confluence between a significant volume level and a recognizable chart pattern.
6. Time Frames:
Traders can adjust the time frame of the volume profile to match their trading horizon.
Shorter time frames may be used for day trading, while longer time frames are useful for swing trading or investing.
7. Confirmation Tool:
The volume profile can be used as a confirmation tool alongside other technical indicators and analysis methods to increase confidence in a trading decision.
It's important to note that investing and trading involves risks, and using the volume profile or any other trading indicator does not guarantee success.
#MarketMakers
https://image.nostr.build/95972fd71b61cfa9411607c068b9bf3472a9a38fedee1699d1ade23fbf7e4114.jpghttps://image.nostr.build/0ecbf08c503c53a839e7a4123f69dd9196bb90f904a09a71783f57e4b3b410e5.jpg
The market makers, aka the Big Guys, control and manipulate the markets.
Market makers are individuals or firms that provide liquidity to financial markets by quoting both a buy and a sell price for a tradable asset.
They aim to make a profit from the bid-ask spread, which is the difference between the prices at which they are willing to buy and sell the asset.
Here's how market makers work:
Quoting two-sided markets
Market makers actively display buy and sell quotations for a guaranteed number of shares, providing liquidity and depth to the market.
They offer a "two-way quote," meaning they are willing to both buy and sell a security at a competitive price.
Profit from bid-ask spread
Market makers make money by capturing the difference between the bid and ask prices, which is known as the bid-ask spread.
They may also engage in principal trades, which involve trading for their own accounts.
Ensure market liquidity
Without market makers, buyers and sellers would have to wait for a counterparty to match their orders, potentially leading to delays and lower liquidity in the market.
Market makers play a crucial role in enabling the smooth operation of financial markets and facilitating trading activity.
Types of market makers
Market makers can be brokerage houses, banks, or individual traders. Some market makers are designated by exchanges, such as the New York Stock Exchange, while others operate as unofficial market makers.
Risks and rewards
Market makers assume some risk by taking a short or long position for a time, which can result in a small profit or loss. They are compensated for this risk by the bid-ask spread and the opportunity to make profitable trades for their own accounts.
Cathie Wood Predicts Multiple
Spot #Bitcoin ETF Approvals
https://youtu.be/mz7fV3o9Qe0?si=lq9vKI-Nvt84rTD9
Cathie Wood, the CEO of ARK Invest, has been discussing the potential approval of a Bitcoin Exchange-Traded Fund (ETF) in recent news.
Here is a summary of the key points:
Cathie Wood is one of nine applicants for a spot Bitcoin ETF. She has responded to the SEC's request for information regarding her company's Bitcoin holdings.
Wood believes that the SEC will be forced to approve a spot Bitcoin ETF, and she is optimistic about the odds of approval.
The approval of a spot Bitcoin ETF would allow investors to gain exposure to Bitcoin on traditional markets without directly owning the cryptocurrency.
Wood's optimism is based on the changing behavior of the SEC towards Bitcoin ETFs and the recent court ruling in favor of a Bitcoin ETF.
However, there is still some uncertainty regarding the timing and plans for the eventual approval of a Bitcoin ETF.
Overall, Wood's comments suggest that the approval of a Bitcoin ETF is becoming more likely, but the exact timeline and details are still uncertain.
The Exponential Factor
Stacking SATS
Compound interest is the eighth wonder of the world. He who understands it, earns it. He who doesn’t, pays it.
#AlbertEinstein
Imagine your friend has offered to bring you a latte, sweet and whatever magazine you’d like.
Each morning for a month!
Sure, you say. What’s the catch?
I’m going to charge you 1 cent the first day.
A penny!
Yeah, and two cents the next, and double that amount each day for the month. One cent. Two. Four. $1.28 on day eight.
What! Why? How! For 30 days. A latte, sweet and magazine. Each and every day?
So who wouldn’t do that, you might ask.
What do you think you’d be paying your friend on day 30?
And what does this have to do with #Bitcoin. With stacking SATS.
Well just for fun, imagine you were able to double your Bitcoin stack, once a year. Twice a year. Or more.
No matter what the Bitcoin price.
Hodling Bitcoin is likely the best choice for most. Learning how to profit from the ebb and flow of the market, with a small percent of your stack is an additional possibility.
Doubling your stack. Once, twice, or more in a year. Depending on your skill as a trader.
In the ebb and flow.
Disclaimer: I'm not offering a course. There are others that offer a variety of strategies.
I'm just keeping notes (to self) and stuff.
Ok, so who wants to have a friend bring you your favourite latte, sweet and magazine for the next thirty days?
https://i.imgur.com/JRyowRt.pnghttps://i.imgur.com/WqmuVrN.png
#Bitcoin Historical Data
According to historical data, October has been a strong month for Bitcoin's price performance. Over the past nine years, the final quarter of the year has been the strongest for Bitcoin, with an average return of over 35%.
In seven out of the last nine years, Bitcoin has seen positive returns in October, with an average return of 20%.
In 2023, Bitcoin's price on October 1 was $26,969.88, and on October 9, it was $27,967.51[1]. On October 2, 2023, Bitcoin's price was $28,300, rallying from below $27,000 on September 30 to hit its highest level in more than a week
On September 21, 2023, Bitcoin's price was $28,715.75, up from $26,917.20 in September 2023 and $18,869.93 one year ago.
Analysts predict that Bitcoin's price could reach $37,000 by the end of 2023, and some are bullish on October as well as a solid quarter that might be spurred by ETF approvals and the pre-halving surge
https://www.statista.com/statistics/326707/bitcoin-price-index/
#Bitcoin Spot ETFs
"The likelihood of having a spot market Bitcoin ETF ready to list on the market by the end of 2023 is now considered a near certainty."
https://www.coindesk.com/consensus-magazine/2023/10/16/the-ripple-effects-of-a-spot-market-bitcoin-etf/
A spot market Bitcoin Exchange-Traded Fund (ETF) is a type of ETF that holds actual Bitcoin, as opposed to investing in Bitcoin futures contracts.
Spot Bitcoin ETFs are highly anticipated in the crypto industry, as they would provide a way for investors to gain exposure to Bitcoin without directly owning the cryptocurrency.
While futures-backed Bitcoin ETFs have been available to US customers since 2021, the US Securities and Exchange Commission (SEC) has not yet approved any applications for spot Bitcoin ETFs.
The approval of a spot market Bitcoin ETF by the SEC is seen as a significant milestone that could potentially legitimize not only Bitcoin but the entire crypto industry.
The likelihood of having a spot market Bitcoin ETF ready to list on the market by the end of 2023 is now considered a near certainty.
Some experts expect the ultimate approval of at least one spot Bitcoin ETF by the end of the year, while others advise caution, as the battlefield is already littered with rejected applications.
The difference between Bitcoin futures and spot Bitcoin is that futures contracts are agreements to buy or sell Bitcoin at a predetermined price and date in the future, while spot Bitcoin refers to the actual cryptocurrency being bought or sold for immediate delivery.
#Bitcoin #investing #trading
#VolumeProfile
https://image.nostr.build/34e84c17a3c9528493e8c1e6e95389b8ed242d41eeb007ce2b56d6bc9874584a.jpghttps://youtu.be/JbtKyOFAht4
The volume profile is a trading indicator that provides information about the trading activity at different price levels over a specific period of time.
It is often used by traders to understand where significant support and resistance levels might exist and to identify potential price reversal points.
Here are some ways to use the volume profile when investing or trading BTC:
1. Identifying Key Support and Resistance Levels:
By analyzing the volume profile, traders can identify price levels where significant trading activity has occurred.
These levels can act as support or resistance zones, helping traders make decisions about where to enter or exit trades.
2. Volume at Price:
The volume profile shows the volume of Bitcoin traded at various price levels.
Traders can look for areas with high trading volumes to confirm the strength of a price move. High-volume nodes often indicate areas of interest for traders.
3. Point of Control (POC):
The POC is the price level at which the highest volume of Bitcoin has been traded during the specified time period.
Traders often pay attention to the POC as it can act as a magnet for price, drawing it back to that level.
4. Volume Gaps:
Analyzing gaps or voids in the volume profile can help traders identify areas where price might move quickly due to low trading activity.
These gaps can represent potential trading opportunities.
5. Volume Profile Combined with Price Patterns:
Traders often combine the volume profile with technical analysis and price patterns to make informed trading decisions.
For example, they might look for confluence between a significant volume level and a recognizable chart pattern.
6. Time Frames:
Traders can adjust the time frame of the volume profile to match their trading horizon.
Shorter time frames may be used for day trading, while longer time frames are useful for swing trading or investing.
7. Confirmation Tool:
The volume profile can be used as a confirmation tool alongside other technical indicators and analysis methods to increase confidence in a trading decision.
It's important to note that investing and trading involves risks, and using the volume profile or any other trading indicator does not guarantee success.
#Bitcoin #investing #trading
#VolumeProfile
https://image.nostr.build/34e84c17a3c9528493e8c1e6e95389b8ed242d41eeb007ce2b56d6bc9874584a.jpghttps://youtu.be/JbtKyOFAht4
The volume profile is a trading indicator that provides information about the trading activity at different price levels over a specific period of time.
It is often used by traders to understand where significant support and resistance levels might exist and to identify potential price reversal points.
Here are some ways to use the volume profile when investing or trading BTC:
1. Identifying Key Support and Resistance Levels:
By analyzing the volume profile, traders can identify price levels where significant trading activity has occurred.
These levels can act as support or resistance zones, helping traders make decisions about where to enter or exit trades.
2. Volume at Price:
The volume profile shows the volume of Bitcoin traded at various price levels.
Traders can look for areas with high trading volumes to confirm the strength of a price move. High-volume nodes often indicate areas of interest for traders.
3. Point of Control (POC):
The POC is the price level at which the highest volume of Bitcoin has been traded during the specified time period.
Traders often pay attention to the POC as it can act as a magnet for price, drawing it back to that level.
4. Volume Gaps:
Analyzing gaps or voids in the volume profile can help traders identify areas where price might move quickly due to low trading activity.
These gaps can represent potential trading opportunities.
5. Volume Profile Combined with Price Patterns:
Traders often combine the volume profile with technical analysis and price patterns to make informed trading decisions.
For example, they might look for confluence between a significant volume level and a recognizable chart pattern.
6. Time Frames:
Traders can adjust the time frame of the volume profile to match their trading horizon.
Shorter time frames may be used for day trading, while longer time frames are useful for swing trading or investing.
7. Confirmation Tool:
The volume profile can be used as a confirmation tool alongside other technical indicators and analysis methods to increase confidence in a trading decision.
It's important to note that investing and trading involves risks, and using the volume profile or any other trading indicator does not guarantee success.
#poem #puravida 🕯️
In wisdom's light, we clearly see,
The world unveiled, in truth set free.
To grasp the essence, as it gleams,
Is to unlock life's deepest dreams.
Seeing things as they truly are,
Beyond the mask, beneath the star.
Wisdom's grace, a radiant sun,
Reveals the battles we have won.
The #HolyGrail, a quest sublime,
To find in markets, in our time.
It's not the chase of fleeting gold,
But seeking what the heart does hold.
To understand the market's call,
Not just what others would install.
It's in the heart's desire to blend,
With what the world would recommend.
For wisdom's gift is seeing through,
The veils that cloud our clear view.
And in the markets, we may find,
That holy grail, in heart and mind.
#Bitcoin #ElliottWave
Elliott Waves are the heartbeat of market sentiment, pulsating with the rhythm of human psychology.
https://youtu.be/8G-fZKlVJtc?si=bVH3UAQ8MLJ2DrKv
The Elliott Wave Theory is a technical analysis of price patterns related to changes in investor sentiment and psychology.
The theory identifies impulse waves and corrective waves, which are recurring fractal wave patterns that form larger five-wave and three-wave structures.
The underlying 5-3 pattern remains constant, though the time span of each wave may vary.
Key principles of the Elliott Wave Theory
Five waves move in the direction of the main trend, followed by three waves in a correction (totaling a 5-3 move). This 5-3 move then becomes two subdivisions of the next higher wave move.
Corrective waves retrace impulse waves in Fibonacci proportions of 38%, 50%, and 62%. Impulse waves within a larger impulse sequence relate to each other in Fibonacci proportion.
Elliott waves are the basic building block of the Wave Principle. The Wave Principle is Ralph Nelson Elliott's discovery that social, or crowd, behavior trends and reverses in recognizable patterns.
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Notes by ₿TC ᶜʰᵃʳᵗˢ⚡ | export
Return On Investment . . . per asset class, since 2011 https://image.nostr.build/8e953768fb1dd788b1d167ba5dad72fdfad659b8942dfc3c784b8b1a7b5f84e2.jpgThe Exponential Factor Stacking SATS Compound interest is the eighth wonder of the world. He who understands it, earns it. He who doesn’t, pays it. #AlbertEinstein Imagine your friend has offered to bring you a latte, sweet and whatever magazine you’d like. Each morning for a month! Sure, you say. What’s the catch? I’m going to charge you 1 cent the first day. A penny! Yeah, and two cents the next, and double that amount each day for the month. One cent. Two. Four. $1.28 on day eight. What! Why? How! For 30 days. A latte, sweet and magazine. Each and every day? So who wouldn’t do that, you might ask. What do you think you’d be paying your friend on day 30? And what does this have to do with #Bitcoin. With stacking SATS. Well just for fun, imagine you were able to double your Bitcoin stack, once a year. Twice a year. Or more. No matter what the Bitcoin price. Hodling Bitcoin is likely the best choice for most. Learning how to profit from the ebb and flow of the market, with a small percent of your stack is an additional possibility. Doubling your stack. Once, twice, or more in a year. Depending on your skill as a trader. In the ebb and flow. Disclaimer: I'm not offering a course. There are others that offer a variety of strategies. I'm just keeping notes (to self) and stuff. Ok, so who wants to have a friend bring you your favourite latte, sweet and magazine for the next thirty days? https://i.imgur.com/JRyowRt.png https://i.imgur.com/WqmuVrN.png