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RE: Bitcoin Correcting from Exuberant ETF Bullishness .
Thanks FØx! Its nice to get a well balanced opinion. Just out of curiosity, did you see VanEck's response to the SEC decision regarding the Gemini ETF rejection? I don't know if it will assuage the SEC's fears about a Bitcoin ETF, but it would be interesting to see if the SEC buys VanEck and SolidX's explanation of how their ETF is different. Secondly, I was just wondering what kinds of Technical Analysis you find the most useful for making decisions about crypto trading. Thanks!
Hi @karazaa, thanks for the kind words. No I have not heard his response but I'll make sure to look it up. Personally I think the fundamental problem is the market itself, not how a financial product is structured but it's up to SEC at the end of the day.
As for trading, I like using the weekly time frame + Stochastic RSI and Volume profile on trading view for the smaller time frame. Hope this helps :)
Thanks @tradealert!
Here is a link to the letter if that helps! https://www.sec.gov/divisions/investment/van-eck-associates-innovation-cryptocurrency.pdf
Great!