An homage to the OG version. To chart the Rise and Rise of the peoples money.
BTC TODAY. 15/08/24 WERE STILL EARLY
58.5k
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HODL
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some clean sites to check price, fee market, hash rates, ect… without ads.
know each owner personally, maxies through and through.
block explorer
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ETF Flows tracking
Goldman Sachs, Morgan Stanley took stakes in US spot bitcoin ETFs in Q2, filings show
August 14, 20245:21 PM MDTUpdated 9 hours ago
Aug 14 (Reuters) - Goldman Sachs and Morgan Stanley (MS.N), opens new tab purchased a total of more than $600 million in spot bitcoin exchange-traded funds (ETFs) during the second quarter, regulatory filings showed on Wednesday.
The two banks joined a group of hedge funds and financial advisers that have waded into the products, which began trading in January 2024.
Goldman Sachs said in its quarterly disclosure to the Securities and Exchange Commission, known as a 13-F filing, that it had acquired about $418 million in several of the recently launched ETFs tied to the price of spot bitcoin.
Most of that sum reflected a stake of nearly 7 million shares in the iShares Bitcoin Trust (IBIT.O), opens new tab, valued at about $238 million as of the end of the quarter, June 30. Goldman also took sizeable stakes in the Fidelity Wise Origin Bitcoin ETF and the Invesco Galaxy Bitcoin ETF (BTCO.Z), opens new tab, and smaller positions in several other bitcoin ETFs launched in January.
Morgan Stanley also favored BlackRock’s iShares bitcoin ETF, disclosing a 5.5 million share stake that was valued at $188 million as of June 30. The bank also disclosed smaller holdings in the Ark 21Shares Bitcoin ETF (ARKB.Z), opens new tab and Grayscale Bitcoin Trust (GBTC.P), opens new tab.
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In
THe scuttlebut is that the dems have instructed the Folks holdin the silk road supply to sell after Trumps statement that he would add that to the balance sheet of the US. This has artificially depressed the price contra- to its now ‘normal’ correlation to- stocks. The good news is every time you coil the spring…Im seeing 150 this year after this selling is over.
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I got a tingling in my bones, for a god candle this week.
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I was about to create this thread I didn’t know someone else already did. It’s not looking good right now for crypto
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A lot of influencers are capitulating. This makes me wish i was more liquid.
Shes kind of thick hot.
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What’s up with the recent ass pounding?
Bitcoin was going down so i sold it and bought s&p. Now that goes down too? Man im never gonna retire.
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Feels like the world upon our shoulders.
Chart Breakdown
Current Structure: The market is experiencing a consolidation phase near a key resistance zone, following a significant bearish move. Multiple attempts to break above the resistance (horizontal lines) have been met with rejection, signaling a strong sell zone.
Support Zone: There is a green zone of support below, around the $45,000 to $48,000 level, suggesting that a potential drop could find demand here.
Momentum Indicators: The momentum indicators at the bottom (likely MACD and possibly a volatility or trend strength oscillator) show weakness. The MACD line seems to be in a bearish cross, suggesting downward momentum.
24-Hour Outlook
Bearish Outlook (~60%): There’s a high probability of further bearish movement, as rejection at resistance and current downtrend momentum are strong. A drop toward the $52,000 mark, or even lower, seems likely.
Neutral/Range Bound (~30%): The price might continue consolidating between the recent support and resistance levels for the next 24 hours, fluctuating in the current range without a significant breakout.
Bullish Breakout (~10%): A sudden push to break through the resistance is less likely, given the current market structure, but always possible if unexpected buying interest comes in.
7-Day Outlook
Bearish Outlook (~70%): The general trend signals that the price is likely to break lower, with a probable target around the $48,000 support zone. If the bearish momentum continues, there could even be a spike towards the lower green support region ($45,000), which would serve as a crucial zone to watch for buying interest.
Neutral/Range Bound (~20%): There’s a possibility that price action may hover around the current levels as market participants wait for new catalysts, leading to extended sideways movement.
Bullish (~10%): A breakout above the resistance is less probable but still feasible, especially if a key technical or fundamental driver emerges that causes a sudden influx of buying interest.
Key Confirmation Signals
Bearish Confirmation: Watch for price action breaking below the support levels of the consolidation, with increasing bearish candlestick patterns, such as engulfing patterns or continuation patterns (flags).
Bullish Confirmation: A confirmed breakout above the resistance levels marked with strong volume could invalidate the bearish scenario and provide a possible bullish reversal.
Monitoring the next few candlestick closes for a breakout or breakdown will be crucial for confirming the next major move.
my trading bots analysis from a few days ago.
From the chart guys I follow it could drop into the high 30’s if it closes below 49. I hope it does so I can buy a huge position in BITX for probably $12/share.
Daily Outlook Percentages:
- Bullish Potential:
- Probability: 40%
- Conditions: Price above the cloud, Tenkan-Sen above Kijun-Sen, and a confirmed upward breakout (e.g., ascending triangle or symmetrical triangle breakout).
- Rationale: Ichimoku and bullish chart patterns combined provide a stronger indication of an upward move.
- Bearish Potential:
- Probability: 35%
- Conditions: Price below the cloud, Tenkan-Sen below Kijun-Sen, and a confirmed downward breakout (e.g., descending triangle or head and shoulders top).
- Rationale: Bearish setups are slightly less likely than bullish ones in typical trending markets but still strong if confirmed by a breakdown below support.
- Ranging/Indecision:
- Probability: 25%
- Conditions: Price within the cloud, Tenkan-Sen and Kijun-Sen flat, and no clear breakout from a consolidation pattern (e.g., rectangle or narrow range).
- Rationale: Ranging behavior is common when price is within the cloud, but lower probability compared to breakouts.
Weekly Outlook Percentages:
- Bullish Continuation:
- Probability: 50%
- Conditions: Price remains above the cloud, and major bullish patterns (e.g., cup and handle or inverse head and shoulders) confirm an upward breakout.
- Rationale: Weekly trends are often more stable, and a confirmed breakout has a higher probability of continuing in the same direction.
- Bearish Reversal:
- Probability: 30%
- Conditions: Price breaks below the cloud, or a reversal pattern like double top or triple top confirms a downward move.
- Rationale: Weekly reversals take longer to develop but tend to be strong once triggered.
- Ranging/Consolidation:
- Probability: 20%
- Conditions: Price stays within the cloud, showing indecision or consolidation on a longer time frame, with no confirmed breakout.
- Rationale: On a weekly scale, consolidation phases are less common compared to trending phases, but still possible.
These percentages reflect general market behavior probabilities based on the analysis of Ichimoku Cloud signals and chart patterns.
Bear in mind, the liquidation zones could cause some hideous wicks but generally, i think we will revise up eventually.
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