On Monday, BlackRock (BLK) filed a revised spot bitcoin (BTC) exchange-traded fund (ETF) proposal in a bid to appease regulators, likely boosting its odds of securing a first-of-its-kind approval in the U.S.
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These two stocks look like they're preparing to Skyrocket and it's all about this Bitcoin ETF that is pending approval I Normally don't make videos like this I thought I would share it with you and for you to be able to make your own informed decision if this is something that you want to be a part of. Now this was brought to my attention by my Lpp team. If you want to learn more about that, it's the second link in the description down below, but we got to jump right into this. so again.
overall, NASDAQ Market did very very well today. The first one that I wanted to talk about about is Mara Mara Based off of recent patterns, I'm going to click on the day chart and I'm going to click on um, really, just show you its previous performance almost for the past month. And one of the things that you need to be aware of is that Black Rock revises Spot Bitcoin ETF proposal ahead of hoped for SEC um SEC approval. Now the whole thing behind this is that there's been a lot of hold back due to the uncertainty of the I would say validity of this spot.
Bitcoin ETF So pretty much the SEC doesn't know if they want to approve this and it's pending approval for this spot. Bitcoin ETF Very, very simple. There's no reason to over complicate it. If Black Rock does get the approval then companies I mean this.
This pretty much just kind of like breaks down the walls of uncertainty for Bitcoin. Uh, as Bitcoin becomes more institutionalized again, more people begin to accept it. Therefore, the more valid it becomes. At least that's the way that I've interpreted.
Um, you know these different rallies and pullbacks that we've been experiencing in this crypto. Market There's two specific stocks that I wanted to talk about, but if you believe I missed out on some very, very lucrative Bitcoin stocks that are also going up and that are waiting for this spot. Bitcoin ETF Approval. Share them down in the comment section because I'm sure not only myself, but also the viewers could probably benefit benefit from it.
And again in nowhere are any of these stock suggestions. They're pretty much just two specific stocks that have been going up because of this awareness of potential approval from the SEC right? The first one is Mara You can see that Uh, really, kind of like mid to late November We really began to see some again and this was about a month to a month and a half ago that they they submitted for approval. Uh, to the SEC. We've been seeing some very bullish momentum for Mara uh, showing signs of higher highs and higher lows again.
Marathon Digital holding Incorporated The only other one that makes sense to me that again, A lot of people are paying attention to is coin now. Coin was not doing well just like Mara was not doing well prior. I'm not here to sugarcoat anything I Really don't care if you choose to buy it or not I mean at the end of the day at the end of the day I Just think it's really interesting to kind of like after the case if it ends up not getting approved or getting approved I think the deadline is like January 10th. Let me double check that. Um, let me just make sure I think I read it on another article that it's January 10th. Let me know down in the comment section. Um, if that is correct or not. But as of right now all this hype is building up and things are getting factored in.
It's kind of like when a company announces that they are about to get acquired by another company at a specific dollar amount, It can cause the stock to drastically experience a positive Catalyst because something is getting factored in that wasn't previously factored in and that's the idea, right? The more acceptance of the spot Bitcoin ETF the more demand that could, uh, you know, present itself for Mara or for something like coin, right coin. Same thing. We got a buy signal right around early November and going into December it's a very, very strong bull rally, but it was very bearish leading up to this. So the reason I'm making you aware of this is that it's great, especially if if it ends up getting approved.
Potentially, it can go even higher than what we've already experienced. This is why I'm making the video, but I also need you to be aware that there's always two sides to every opportunity. if it does not get um, if it does not get approved on January 10th and for whatever the reason the SEC might come up with on why to reject it, then guess what? Well, the pending approval is factored in. So what do you think will happen when it's not approved? Okay, well, this thing's going to most likely have to correct itself right so it could send it back to previous lows.
or maybe even further because any reaction tends to be an overreaction, which then can lead to an overreaction with that selling pressure, right? And this is why it's very, very important. So Coinbase and Mara are two specific companies that have experienced a positive Catalyst due to this. I Don't know why, but Carvana has also experienced a really strong rally around the same time and again. Prior to this, uh, Carvano is not doing very well.
it's just again another uh stock that was thrown around in our group chat. I Just thought that I would bring it to your attention I'm not invested in any of these I Don't care to I just always find it very, very interesting. I Think this is just my obsession about the market is that I love to understand the why? Why is something you know rallying, why is there so much demand? and then now that we know the why, it's pending approval for this, you know Bitcoin spot ETF Now what happens when it does and what happens when it doesn't I Find it very interesting to see how the market reacts. If it overreacts, how long does it last, will that end up correcting itself? If it gets rejected, how will the market react then you don't always have to have some skin in the game to just want to enjoy and watching the markets react. And this is the beautiful thing about the stock market is the more that you begin to immerse yourself in this market. I Really believe the more that you will ultimately learn, right? So Carvana coin mainly and then Mara are two that have been experiencing in some form of positive Catalyst in the past month. Uh, due to this spotcoin ETF I think Carvana is more a little bit more of like a Reddit stock right now. Uh, so I'd be very very careful with that.
but again I wanted to make sure that I talked about its previous patterns. Uh, prior to this you know ETF pending approval and they were all bearish. And the reason I disclose that is I Want to make sure that you are aware that if it does end up getting rejected or the hype ends up dying out, you can't be surprised if the stock itself ends up correcting itself. So if you have any questions about what we talked about today again I Love working with absolute beginners I Trade Live Every single morning you get to see my entries, you get to see my exits, but most importantly, you get to hear my thought process behind every single trade.
I Take So you get to see my good trades, my bad trades some days I even take no trades, but it's because then we wait for opportunity to present itself. And that's the beautiful thing about the stock market. Every day it presents new challenges and I'm here to Showcase It live. So if you want to tune on in as soon as tomorrow, that's the second link in the description down below.
so you can watch me trade live. If you have any questions before signing up, shoot me a direct message via Discord and that's the first link in the description down below. Like always, have to make sure that we end the year on a green note. Take Care Team.
RICKY WHAT HAPPENED TO THE MOON BEING DOWN??? π WEVE BEEN TRAPPING SHORTS BELOW THE 200 EMA OVER AND OVER π
Thank you π
Bloated miners will crash sooner or later
A little late to the party πππ
MARA Overbought on Daily and Weekly.
Mara is already up 500% this year
Too good to be true!
How about RIOT?
Mstr can hut strong hold
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ASYS about to jump get in before itβs too late
ASYS about to jump get in before itβs too late
BTBT – always keep my eye on this one
Be very careful with these!
Thanks for your input. All the best!
Yes love this channel
CLSK π‘π₯
Grayscale is the one Iβve heard would benefit
Hive
El MOCOSO is correct this time. Thumbs up!!
Coinbase rallied after Binance got busted
Appreciate you!
low audio
What about SLNH
CIFR on Fire π₯
Hut8
I was actually looking at MARA today but its looking too hot rn. PFE making me very happy rn tho
Bless you π