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imcooladi4u
Bearish
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Former BlackRock managing director Steven Schoenfield, who's now the CEO of Market Vector Indexes, gives the U.S. Securities and Exchange Commission "three to six months" before it approves a Bitcoin spot ETF. Schoenfield gave his estimate during a panel discussion on ETFs at CCData's Digital Asset Summit in London yesterday, where he was joined by another ex-BlackRock director Martin Bednall, now CEO of Jacobi Asset Management. #BTC #bitcoin

Former BlackRock managing director Steven Schoenfield, who's now the CEO of Market Vector Indexes, gives the U.S. Securities and Exchange Commission "three to six months" before it approves a Bitcoin spot ETF.

Schoenfield gave his estimate during a panel discussion on ETFs at CCData's Digital Asset Summit in London yesterday, where he was joined by another ex-BlackRock director Martin Bednall, now CEO of Jacobi Asset Management.

#BTC #bitcoin

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#BTCUSDT UPDATE Bitcoin's current price action suggests it's entrenched in a consolidation phase within the confines of a descending triangle pattern. This pattern typically indicates indecision in the market, with lower highs and relatively stable lows forming the triangle's structure. Technical indicators such as the 21-day moving average (21MA) and the 55-day moving average (55MA) are both signaling bearish momentum. The convergence of these moving averages could suggest increased pressure on the downside. The 21MA, being a shorter-term indicator, reflects more immediate price movements, while the 55MA offers a broader view of market trends. However, it's essential to exercise caution and await confirmation of a breakout or breakdown from this pattern. #imcooladi4u #BTC #bitcoin
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#Educational_Post Double Moving Average Crossover The double moving average crossover strategy involves using two moving averages of varying lengths. Traders generally employ a combination of a short-term and a long-term moving average, such as a 50-day MA and a 200-day MA. Typically, the moving averages are of the same type, such as two simple moving averages (SMAs), but you could also use different types, such as an SMA coupled with an exponential moving average (EMA). In this trading strategy, traders look for a crossover between the moving averages. A bullish signal occurs when the shorter-term moving average crosses above a longer-term moving average (also known as a Golden Cross), indicating a potential buying opportunity. Conversely, a bearish signal occurs when the shorter-term moving average crosses below the longer-term moving average (also known as a Death Cross), signaling a potential selling opportunity. #imcooladi4u #BTC #ScamRiskWarning
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