BTC and the ETF news
So we all heard at this point about the ETF which i am not going to talking about here
we have 2 scenarios now BTc is getting close to the down trend line which is the Orange one
1)
BTC hits 8K then does down back to the 5600 level again
2)
we break the trend line and we keep going to the 10K
now the ETF new will change everything and the charts will not help whats so ever
if the ETF gets approved then we are on a strait way up if not we going down hard because of the mad selling that's going to happen
But until then i am playing it safe with 2 stop loses 1 at 7500 and the other at 7200
now we approached a resistance line the 7750 if we staid above it then 8 k is the next stop
HaPpY Trading :) :)
we have 2 scenarios now BTc is getting close to the down trend line which is the Orange one
1)
BTC hits 8K then does down back to the 5600 level again
2)
we break the trend line and we keep going to the 10K
now the ETF new will change everything and the charts will not help whats so ever
if the ETF gets approved then we are on a strait way up if not we going down hard because of the mad selling that's going to happen
But until then i am playing it safe with 2 stop loses 1 at 7500 and the other at 7200
now we approached a resistance line the 7750 if we staid above it then 8 k is the next stop
HaPpY Trading :) :)
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