With the extreme demand and hoopla
for the introduction of a bitcoin ETF
becoming a reality with SEC approval on Jan.11,2024
Pro Shares ETF BITO price action shows" why"
they only bring these things out at the top.
Fascinating.
The chart shows a rare " Triple Island Reversal"with
1 Price breaking out bullishly at the opening,
2.Only then to break back into the prior pattern,
and then completing the horror for by
3 Reversing, below island support, completing the total
breakdown of patterns bullish structure back to the base,
and then breaking below that support... to a new low.
From a price high of 30, to below 25, in just the two sessions
you had the 30 min KST Indicator confirming every step of the wa
Bullish traders who plowed millions and millions into this ETF,
saw it crash 20 % from the high at 30 on Jan11, and continuing down to 25 on Jan 12
Simply put, the crowd of traders demanding trading for a Bitcoin ETF,
lost badly,.. immediately after they stated trading them.
Just goes to show you, they only put these things out at the top !
You should keep your eyes out,
because these Bitcoin EFT's are going to move dramatically up and down every day,
gap up,moves gap down moves will be the norm.
Welcome to the new world of crypto trading
where just 2 days these bitcoin ETF trading proved
they are not for widows and orphans.
But certainly for those traders who want and need sharp price movement.
BITO and others like it will give you all the opportunity
to trade bitcoin with massive volume every day.
Doesn't get any better than that...? .BITO Last 21.06
for the introduction of a bitcoin ETF
becoming a reality with SEC approval on Jan.11,2024
Pro Shares ETF BITO price action shows" why"
they only bring these things out at the top.
Fascinating.
The chart shows a rare " Triple Island Reversal"with
1 Price breaking out bullishly at the opening,
2.Only then to break back into the prior pattern,
and then completing the horror for by
3 Reversing, below island support, completing the total
breakdown of patterns bullish structure back to the base,
and then breaking below that support... to a new low.
From a price high of 30, to below 25, in just the two sessions
you had the 30 min KST Indicator confirming every step of the wa
Bullish traders who plowed millions and millions into this ETF,
saw it crash 20 % from the high at 30 on Jan11, and continuing down to 25 on Jan 12
Simply put, the crowd of traders demanding trading for a Bitcoin ETF,
lost badly,.. immediately after they stated trading them.
Just goes to show you, they only put these things out at the top !
You should keep your eyes out,
because these Bitcoin EFT's are going to move dramatically up and down every day,
gap up,moves gap down moves will be the norm.
Welcome to the new world of crypto trading
where just 2 days these bitcoin ETF trading proved
they are not for widows and orphans.
But certainly for those traders who want and need sharp price movement.
BITO and others like it will give you all the opportunity
to trade bitcoin with massive volume every day.
Doesn't get any better than that...? .BITO Last 21.06
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.