New 'inverse' Bitcoin ETF now lets investors short BTC price
The Horizons Inverse Bitcoin ETF (BITI) aims to allow investors to take advantage of Bitcoin price volatility, says executive. Bitcoin (BTC) investors in Canada have two more outlets for BTC exposure this week — and can now even bet on a price crash.In a press release on April 14, Horizons ETFs Management confirmed that its two new exchange-traded funds (ETFs) would start trading on the Toronto stock exchange Thursday.Horizons: Bitcoin has "polarizing views"Already a pioneer in the regulated institutional investment space for Bitcoin, Canada has now given the go-ahead for the first such....
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Key Highlights. Litecoin price settled above a major resistance area that may now act as a support moving ahead (price feed from Bitfinex). There is a chance that the price is forming an inverse head and shoulders pattern on the hourly chart (price feed from HitBTC), suggesting a move higher. A break above a critical area at $3.40 is needed for buyers to take the price higher. Litecoin price is likely forming an inverse head and shoulders pattern, which may encourage buyers to take it higher moving ahead. Inverse Head and Shoulders Pattern. Litecoin price struggle continues to break the....
Bitcoin Price Key Highlights. In the previous weekly analysis, we highlighted an inverse head and shoulders pattern, which played well and acted as a catalyst for an upside move. The price is currently trading in a positive zone, as it settled above the neckline of the inverse head and shoulders pattern. Bitcoin price after trading lower and finding support around 200.00 formed an inverse head and shoulders pattern for a move higher. Inverse Head and Shoulders Pattern. This past week we stated that the 200.00 support area was a major barrier for sellers that prevented more downsides and....
Ethereum Price Key Highlights. Ethereum price seems to be on the verge of a reversal after breaking above a short-term descending trend line last week. A complex inverse head and shoulders pattern has formed on the 1-hour time frame, indicating that an uptrend is in the cards. Ethereum price appears to have broken above the neckline of the inverse head and shoulders formation, confirming that more gains are likely. Upward moving averages crossover. Price moved past the 0.00220BTC level and has since pulled back to the broken neckline, which might now hold as support. The moving averages....
My short call on Ethereum completely bombed! Ethereum has soared 5.6 percent to 0.00208BTC, mauling the short sellers in a surprise jump. I was anticipating a decline to 0.0019BTC but Ethereum instead rose to hit a high of 0.0021BTC. With this, Ethereum has approached the strong resistance level of 0.0021BTC with confidence. Beyond this hurdle, the pair will appreciate roughly 10 percent. The ETH-XBT pair has formed an inverse head & shoulders pattern; a technical bullish pattern successful completion of which brings huge gains for the underlying. Today, we will discuss the best-case and....
The inverted head and shoulders pattern hints at a decisive breakout move in the Polkadot market. Polkadot (DOT) chart technicals suggest it may rally to a new record high near $75 if DOT can manage to close above its $41–$43 range decisively.That’s according to a classic bullish reversal setup known as an inverse head and shoulders (H&S) that forms when the price undergoes three selloffs during a period of market consolidation. Specifically, the pattern contains an initial selloff, followed by a short-term price rally and another — deeper — selloff. That leads to one more small correction....