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Bitcoin: Bearish or Bullish? Bitcoin ETF + news on Proxies, LINK SOL PYTH Morgan Stanley

cryptocurrency 1 month ago


#BullsVsBears #BTC #ETH #SOL #LINK #MorganStanley #CryptoTA IA Referral Links: Tradingview referral link $30 off: https://www.tradingview.com/?offer_id=10&aff_id=27663 Celsius referral code get $50 with $400 deposit: 1315105ca2 FTX: Save on trades FTX referral link: ftx.us/#a=6600802 Bear vs Bull 0:00 The opinions expressed in the video are for general informational purposes only and are not intended to provide specific advice or recommendations for any individual or on any specific security or investment product. It is only intended to provide education about the financial industry. 0:10 Bear Signals 0:30 Gravestone Doji Rare sign but not a good one A gravestone doji is a bearish pattern that suggests a reversal followed by a downtrend in the price action. A gravestone pattern can be used as a sign to take profits on a bullish position or enter a bearish trade. The opposite of a gravestone doji is a dragonfly doji. 1:00 Whales Selling Big drop in illiquid supply shock ratio 1:30 Whales Selling Confirmation CONFIRMATION. Also seeing some selling from whales. 2:00 Bollinger and His Bollinger Bands 3:00 Bears Abound Scott Melker, the author of the “Wolf Den Newsletter,” expected Bitcoin to fall toward the $41,000–$42,000 range in the coming sessions. Alex Becker's The Largest Bitcoin Crash EVER - back to 30K. 4:00 IA Bitcoin Bollinger Bands So much to call out here but first is the 200 DMA which was pierced but now is support. Second Golden Cross Sep 7-10 is my estimate. Third is BB. We bounce off the EMA like clockwork. 5:00 Zooming in on Bollinger Bands What I did not notice was 2 main things - 1) how the EMA on the BB acted like support. Second the confluence of the EMA and the Elliot Wave I drew yesterday. 6:00 Bitcoin Fibs - $46,100 Support But in defence of that I see a potential retracement to .768 level ie 46100 level. Then the .618 at 42500 - previous resistance. 7:00 Bullish Signals Bitcoin Options Expiry Below $45,000: $69million adv bulls Above $46,000: $239m Above $48,000: $335m Above $50,000: $600m 8:00 The Cycles Mayer Multiple Bands would give a better understanding. From the chart it can be observed that Bitcoin’s price is currently situated between the bullish and the bearish band. Notably, it did make an attempt to step into the bullish zone a few days ago but was rejected. 9:00 People not afraid of USDT USDC issuance falls, and USDT slips back into pole position. Move into SC’s is abullish sign. Moving powder into position. 10:00 Bitcoin ETF October? “A launch could come as soon as October, and we believe the SEC should permit several at once to avoid handing out a first-mover advantage,” THIS WOULD MAKE BTC GO PARABOLIC abd GBTC prem DISC go to zero 11:00 Crypto Banks will Fuel Adoption Real story is not VAST Bank 12:00 Morgan Stanley - Quietly and Suddenly Morgan Stanley also confirmed in April that it was offering access to Bitcoin funds for its wealth management clients. 13:00 The Bitcoin Proxies Speaking of proxies - I would really call it over 11.4% - as there will never be more than 14M BTC 14:00 Our Fave Proxies 15:00 Conclusion 16:00 Ethereum Options Expiry Below $2,900: balanced. Between $2,900 and $3,000: Bulls by $48 million. Between $3,000 and $3,200: Bulls by $147 million. Above $3,200: Bulls by $197 million. 17:00 A Solana Trust - Rockets Armed Filed for an Osprey Solana Trust. The proposed product looks to be seeking permission to launch only to accredited investors, and the minimum investment for an outside investor would be $10,000. 17:30 Solana and Chainlink Chainlink is an oracle service that provides price feeds for more than 75 asset pairs, including BTC/USD and ETH/USD. 18:00 Speaking of Oracles and Solana Pyth, 19:00 In Money News The United States’ biggest export is inflation, which means our biggest export is dollars,” “Foreign banks accumulate dollars, and when the banks have too many dollars they convert them with foreign central banks to get local currency. As dollars pile up in a foreign central bank they become inflationary. So even tho it pays small interest it is better than nothing. 19:30 ICU Beds Arkansas and Alabama officials said this week their states were completely out of ICU beds. In Kentucky, Gov. Andy Beshear said record COVID hospitalizations were forcing some hospitals to convert space to treat the influx of ICU patients. Want more? (you know what to do!)
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