ETF
Short Squeeze Potential MARA ? heavily shorted stock $MARA. weekly time frame we have a head and shoulders and we just broke the neckline now coming back in to test it, the big IF is if it can now hold as support. lost momentum from the profit taking and sell the news plus going into 3 day weekend. we had a promising break (if you caught that move to 32, nice one) Esp off all the Bitcoin ETF news and now we have the sell the news profit taking etc right back to the break out. which was clear resistance multiple times if you look left. idk. its something I'll at least watch. any crypto news or catalyst can put this back in play. it really really needs to hold this area especially over 15 but i really don't want it to go past 17.50-18. but yeah, that's my thoughts something to watch, feels like its kinda late to the party and the move was made but the amount of shorts in this is interesting. id target 32. for hypothetical purpose past that it can get parabolic. 32 was about the measured move from the head and shoulders although this is log chart. also currently resting on the 9ema. im not 'thrilled' for this. just something to keep watch on. and i also want to post this so i can view it later.
Cheers! 3 day weekend. try to enjoy it. lol
🔥 Ethereum ETF Hype At The PERFECT Moment: Time To Shine!Now that BTC's spot ETF is officially live, investment banks like Blackrock have already started talking about a potential ETH ETF. Interestingly enough, this happened at the perfect moment, TA-wise.
Right as the ETH/BTC valuation has hit a major support, bullish ETH news comes in, which naturally has lead to a big bounce in the ETH/BTC price (ETH is outperforming BTC). What a coincidence...
With ETH getting it's time in the sun, we might actually confirm the bullish channel on the ETH/BTC pair and continue the bullish trend all the way towards the top resistance. With ETH's ETF to be announced, this value will likely continue to go up.
Do you think ETH will outperform BTC over the next few months/years?
Time is everythingA lot of people see a Bitcoin pullback, a drop or a red candle as a negative thing. Clearly this is lack of experience, lack of understanding and only ever seeing re-assurance of the one bias they can comprehend.
Many people believe my posts to be negative or anti Bitcoin - you could not be more wrong, as a very early holder, I simply don't care - up down or sideways. It's been kind to me and I will say it was more luck than judgement. Right place, right time.
But as a professional trader, money manager and tech investor - I have seen my fair share of market trends, hype, realism and shocks in the market to know. Time is all it takes.
You can go back over SPX for example and If you buy and hold the trend has only been up. Obvious its one of indices designed to go up. This does not make it a "get rich quick scheme"
For me the problem lies in the cult esq mentality and the desire to get rich quick.
When you have, or manage a larger fund - time is always less of an issue, when a Limited partner of a fund told me the company hold period was 15-20 years on average, it took a while to let that sink in. 1% of a lot of money is a lot of money, 1% of a $10,000 pushes you to want more - hence jumping on the up only bandwagon.
You need to remember;
Last year I posted two options for Bitcoin; I said my preferred route put us in early stage accumulation.
The second option went back even further than that, it's the Evil move I said I would hope Composite Man would not be as cruel.
Unfortunately with the move from 32k to 48k region, it's clear now the second play has in-fact been the one playing out.
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So here's some rational logic - the medicine most DO NOT WANT to swallow.
People seem to throw the same argument - ETF & Halving - They have very little else to contribute. So let's look at what an ETF is and does.
An Exchange-Traded Fund (ETF) itself doesn't inherently stabilize an asset. However, the structure and mechanics of an ETF can have certain features that may contribute to perceived stability or liquidity in the underlying assets it represents. Here's how:
Diversification: ETFs often hold a diversified portfolio of assets. By pooling together various assets like stocks, bonds, or commodities, they spread risk. This diversification can help mitigate the impact of poor performance in a single asset on the overall value of the ETF.
Arbitrage Mechanism: ETFs have a unique creation and redemption mechanism. Authorized Participants (usually large financial institutions) can create or redeem ETF shares in large blocks, usually known as creation units. This process involves exchanging a basket of assets for ETF shares or vice versa. This helps to keep the market price of the ETF close to the Net Asset Value (NAV) of its underlying assets, promoting stability.
Liquidity: ETFs are traded on stock exchanges, providing investors with liquidity. The ability to buy or sell shares throughout the trading day at market prices contributes to the perception of stability. The underlying assets might not be as easily tradable, but the ETF itself can be bought or sold like a stock.
Market Makers: In the secondary market, market makers play a crucial role in providing liquidity. They continuously quote buy and sell prices for the ETF shares, helping to ensure that there is a smooth and efficient market. This can reduce the impact of large buy or sell orders on the market price.
Now for some extra therapy, we also need to look at the realistic timeframes these large players operate at.
Blackrock's most popular ETF is their SPX (S&P500) fund. with it's inception around 2001 I believe.
$354BN.
Now if we look at Bitcoin's market cap - we dropped from $1.3 Trillion at the 69k High down to around 300Billion at the 15k low region.
So working out market cap is simple current price of Bitcoin x coins in circulation. (just over 19m).
This is just highlighting the obvious; Blackrock is not going to empty the SPX fund and stick $350Billion in a newly established fund. Again time, they have enough money to not need to force or risk anything on a large scale.
But what is interesting is the point above about market makers.
In Wall Street terms, a market maker is a financial institution or individual that facilitates the buying and selling of financial instruments in a market. Market makers play a crucial role in ensuring liquidity and maintaining orderly trading in financial markets, including stock exchanges.
Here are key aspects of what market makers do:
Liquidity Providers: Market makers stand ready to buy or sell a financial instrument (such as stocks, bonds, or options) at publicly quoted prices. This activity provides liquidity to the market, allowing investors to execute trades quickly and efficiently.
Bid and Ask Prices: Market makers quote bid and ask prices for a security. The bid price is the price at which they are willing to buy, and the ask price is the price at which they are willing to sell. The difference between these prices is known as the bid-ask spread.
Order Execution: When an investor places a market order to buy or sell a security, the market maker ensures that the trade is executed promptly by matching it with their own inventory or finding a counterparty in the market.
Risk Management: Market makers take on some level of risk by holding an inventory of securities. To manage this risk, they continuously adjust their bid and ask prices based on market conditions and changes in the supply and demand for the securities.
Arbitrage Opportunities: Market makers may engage in arbitrage, exploiting price differences between related financial instruments or markets. This helps ensure that the prices of the same or similar securities are consistent across different trading venues.
Maintaining Orderly Markets: Market makers contribute to the overall stability and efficiency of financial markets by preventing excessive volatility and ensuring a continuous flow of trading.
It's important to note that market makers profit from the bid-ask spread and trading volumes. While they facilitate trading and provide liquidity, they also manage their own risks. Market makers can be institutions like investment banks or specialized firms with expertise in particular markets. They play a crucial role in the smooth functioning of financial markets by facilitating the buying and selling of securities.
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Market makers have been referred to another type of Composite Man. The term "Composite Man" is associated with the Wyckoff Method, a technical analysis approach to understanding the stock market. The Wyckoff Method was developed by Richard D. Wyckoff, a stock market trader and educator from the early to mid-20th century. According to this method, the Composite Man represents a hypothetical market manipulator or a group of large market participants who have the power to influence the market.
In Wyckoff's view, the Composite Man is an entity that accumulates or distributes stocks in a way that leaves footprints on the price and volume charts. The actions of the Composite Man are believed to be observable through the analysis of price and volume patterns, helping traders and investors anticipate potential future price movements.
Here are the key ideas associated with the Composite Man in the Wyckoff Method:
Accumulation and Distribution: The Composite Man is thought to go through phases of accumulating or distributing a particular stock or market. During accumulation, the Composite Man is buying, and during distribution, they are selling.
Wyckoff Price Cycle: The Wyckoff Method outlines a price cycle that includes phases such as Accumulation, Markup, Distribution, and Markdown. Traders using this method attempt to identify these phases on price charts to make more informed decisions.
Smart Money: The Composite Man is sometimes referred to as the "smart money" because it is assumed to have more information and resources than individual retail traders. Monitoring the actions of the smart money is believed to provide insights into potential market trends.
When I posted posts like this from the 65k high, it was due to these footprints being visible from space.
As the price moved up from the 28k region to the current ATH. Similar thing.
I am not here trying to drag it or you down, I am here trying to help see logic in the charts. As the move moved up, we had a fake ETF release, in essence thus pricing in the actual ETF.
This is why for me, this scenario is the most likely in the current environment.
Composite Man/Market makers are happy to use the fear and greed index, which is currently tilting heavy towards the greed side. Against retail traders who see ONLY UP as the only scenario available.
The space is becoming more like a cult and it's feel more and more like the simple definition of a pyramid scheme. Again, I am not saying that's what it is - I am in at the bottom my cards are on the table.
The space has become "if your friends join, they also need to invite more people, and the cycle continues. The person at the top gets money from everyone below, and the people at the bottom hope to make money by bringing in more people."
The problem is, there's no real product or service being sold. The only way people make money is by getting others to join. Eventually, it becomes harder for everyone to find new people, and those at the bottom end up losing money because there aren't enough new members to support the structure. This kind of scheme is not fair or sustainable and can cause a lot of people to lose their money. Especially when the big boys get involved with very little regulation covering the people at the bottom.
Just remember everyone was saying "anti banks, anti institutional yet celebrating the ETF's like a win" the issue here is it's likely to stabilise the asset, slowing the phases and cycles down to a more mellow growth curve over the next 20 years.
In the grand scheme of things, it's great for the industry, but we can expect more manipulation prior to regulation, post regulation the percentage gains will narrow.
Keep all of this in mind and remember it's what the majority wanted. Stay safe! have fun and see you on the next post.
Hate comments always welcome - just please back them up with some logic and show you have more than 3 brain cells. 😉
Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
2024 Crypto SUMMER is here! PRICE, TRENDS & FORECASTSIn this video we lay out our short and long-term forecast for the entirety of 2024 Crypto Summer and beyond. Also, we do a little review and take a look at how our forecast stacked up against the eventful 2023 Crypto Spring. As always please feel free to leave your thoughts and ideas in the comments and thanks for watching!
BTC - It is a matter of time ⏱Hello TradingView Family / Fellow Traders,
📈 BTC has demonstrated an overall bullish trend, trading within the ascending channel outlined in red.
Following a rejection at the 48,000 - 50,000 resistance range, BTC experienced a decline and is currently approaching the lower red trendline.
Additionally, the zone between 44,500 and 45,000 serves as a robust support area.
🎯 Therefore , the highlighted red circle signifies a significant zone to consider for potential buy setups. This area is noteworthy as it marks the convergence of the blue support and the lower red trendline, acting as a non-horizontal support.
📚 In accordance with my trading style:
As BTC nears the red circle zone, I will actively search for bullish reversal setups to capitalize on the anticipated next bullish impulse movement.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
Bitcoin sell the ETF news. 20% crash is comingBitcoin is crashing after the BTC ETF launched on Nasdaq - iShares (ticker IBIT on TradingView). This is not looking good; the crash looks really strong on the 1-minute chart. Everyone bought into the ETF News, and now the whales are taking advantage of it and want liquidity at approximately 39k. Why 39? We can see multiple swing lows in this zone. I turned bearish on Bitcoin today. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
Bitcoin is the first decentralized, peer-to-peer digital currency. One of its most important functions is that it is used as a decentralized store of value. In other words, it provides for ownership rights as a physical asset or as a unit of account. However, the latter store-of-value function has been debated. Many crypto enthusiasts and economists believe that high-scale adoption of the top currency will lead us to a new modern financial world where transaction amounts will be denominated in smaller units.
The smallest units of Bitcoin, 0.00000001 BTC, are called Satoshis (or Sats in short), in a nod to the pseudonymous creator. At Bitcoin price now, 1 Satoshi is equivalent to roughly $0.00048.
The top crypto is considered a store of value, like gold, for many — rather than a currency. This idea of the first cryptocurrency as a store of value, instead of a payment method, means that many people buy the crypto and hold onto it long-term (or HODL) rather than spending it on items like you would typically spend a dollar — treating it as digital gold. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
Bitcoin(BTC): ETF Is Live...Will We Dump Or Pump?ETF is live, and billions of dollars have been going into the crypto trading markets!!
Although this is a huge milestone for Bitcoin, we are not so optimistic for bullish markets to start yet! - Yes, we now have big institutions that can buy in on Rypto, but would they buy in on such a high price?
With that being said, we are still seeing that downward possible movement to happen, which would go towards at least $34K zone (where majority of liquidity is currently at)
Currently, fighting over the FWB:48K zone price is not seeing any strength to actually pursue that FWB:48K zone as of now. Let's see...
Greed and Fear Index: Extremely Greedy / 76
Will Bitcoin Make History?This post is more of documentation of the historical moment that the leading cryptocurrency Bitcoin has experienced today with the passing of Bitcoin ETF approval by the SEC. It was a long awaited event and it has finally happened. But what other major events are happening in the chart right now that also might be historical?
Well for one, we can see that BTC has retraced 61% of the way from its low around $15.5K to its all-time-high of $69k. The momentum Bitcoin has seen in the last 12 plus months has been fantastic from a bullish standpoint, but traditional technical analysis - based on Fibonacci - signals that the price of Bitcoin is officially in deep retracement levels, which makes longing the asset at this particular moment very high risk from a trader's perspective. Keep in mind that we are also a few months away from the Bitcoin Halving event as well, which historically has signaled the optimum buying window for the cryptocurrency. If BTC can maintain its support within the year-long rising channel (bearish), there is no reason to assume that an end to the trend is in site. On the contrary, if support begins to breakdown, there are plenty technical reasons for a correction in price to occur, that could send the price back to levels witnessed during the summer.
In the meantime, congrats Bitcoin! Perhaps its moment on the world stage as a legit and respected asset class has finally arrived.
Bitcoin ETFs coming soon: what could happen?Hello, folks! If this is your first time reading one of my ideas, welcome, hope you enjoy it. If you are a regular visitor of my ideas, thank you!
Let's discuss the fuss around Bitcoin Exchange-Traded Funds (ETFs). With 8 Bitcoin ETFs awaiting regulatory approval, decisions are anticipated between January and March 2024, let's consider how this could shake up Bitcoin's price, the wider crypto market, investor confidence, and the overall financial scene.
🧙🏽♂️ Spot ETFs: A Direct Link to Bitcoin's Supply
SPOT ETFs are unique because they require the actual holding of Bitcoin by the fund. In an environment where Bitcoin's availability on exchanges is at an all-time low, these ETFs could significantly influence the market's supply-demand dynamics.
The approval of SPOT ETFs is likely to ramp up demand significantly. Given Bitcoin's capped supply, this increased demand could lead to substantial price surges, potentially setting new all-time highs.
🧙🏽♂️ Investor Sentiment: A Confidence Boost
For investors, SPOT ETFs represent a more secure, regulated path to Bitcoin investment. This could draw in a fresh wave of investment, both from retail and (more importantly) institutional sectors, think pension funds for example. This could potentially result in elevating Bitcoin's price and market stability in a way never seen before.
🧙🏽♂️ The Financial Landscape: Embracing Digital Currencies
On a larger scale, SPOT ETFs indicate a significant stride in incorporating cryptocurrencies into mainstream finance. This move could spark further innovation and adoption of digital currencies in diverse financial services. While some banks are now known to block transactions related to crypto, or even entire accounts, it's not unimaginable that they will start offering crypto services themselves. An approval of several ETFs would incorporate crypto into Wall Street.
🧙🏽♂️ The First-Mover Scenario: A Case for Simultaneous Approval
In the realm of these ETF applications, the potential for a first-mover advantage looms large. Here's a breakdown of the key players and their decision dates:
Ark/21 Shares Bitcoin Trust: 1/10/24
Bitwise Bitcoin ETF Trust: 3/15/24
BlackRock Bitcoin ETF Trust: 3/16/24
VanEck Bitcoin Trust: 3/16/24
WisdomTree Bitcoin Trust: 3/16/24
Valkyrie Bitcoin Fund: 3/16/24
Invesco Galaxy Bitcoin ETF: 3/16/24
Fidelity Wise Origin Bitcoin Trust: 3/16/24
If one of these ETFs gets approval ahead of the others, it could dominate investor interest. To avoid this and foster a healthier, more competitive market, regulators might consider approving multiple ETFs simultaneously, ensuring no single fund unfairly corners the market. This means that we might see approval of several ETFs in January 2024, less than 2 months from now!
🧙🏽♂️ Conclusion: A Turning Point for Crypto?
The potential approval of Bitcoin SPOT ETFs marks a pivotal moment in the crypto narrative. It's a validation of Bitcoin's growing influence and a beacon for a more inclusive crypto market. For the crypto community, it's a period of pride and anticipation; for cautious investors, a new pathway into the crypto realm; and for the financial world, a step toward embracing the digital currency era.
Let's eagerly watch together how this story unfolds. Here's to the dynamic and ever-evolving world of cryptocurrencies! 🥂🚀🌕
❓ Questions for you:
What do you think will happen?
Do you expect one or more ETFs to be approved in January?
What do you think will be the effect on price of that happening?
How will you trade/invest based on your expectations?
Leave your answers to these questions in the comments below.
Oh, and if you enjoyed reading this, like/boost, follow and shares are highly appreciated!
Ripple - XRPUSDT - Sleeping GiantGreetings Everyone,
Today we are looking at Ripple's XRP.
Ripple is one of the oldest crypto project and the only project which flipped ETH for second spot in crypto ranking in 2017 bull run and is the only one that came closest to flipping Bitcoin for first spot during the same time period. Although it was a very short period but it happened and it speaks volume.
Later on SEC vs Ripple lawsuit came into play during last bull run which capped the projects adoption and growth potential significantly. Even with that it had 10x growth during last bull cycle peak. Last year, however, Ripple won the lawsuit and XRP had a short lived spike but we were not completely out of the bear cycle lows so it did not amount to much.
This time, with SEC troubles behind us, we expect to have bright days ahead for XRP.
For the last little while XRP has been trending in an up-slopping channel except for a short live spike mentioned before. It still maintains the elite top 10 crypto status which demonstrates the strength of the project and it made a significantly higher low compared to last cycle i.e., its holders have diamond hands. Additionally it has been in the news that there will be ETF filings for XRP in April 2024.
Based on all the history and factors indicated, we expect that XRP start to print great gains soon now that BTC ETF has successfully been approved and the market stagnation due to that is behind us.
Our target for XRP at the peak of bull cycle is around $12 mark which will be 20x return from current price level.
Please FOLLOW to stay up to date!
Note: This is not financial advise and shall only be used for educational and/or entertainment purpose. Please do your own research before investing. Crypto Markets are highly volatile and you are responsible for the risk of losing your entire investment.
ETF Approved, but why weren't you more bullish on ETHAll it took was some simple ratio analysis
To long ETH and to realize that the ETF was priced in, with virtually no impact on the market.
Well for now at least.
Spot long, of-course.
I don't trade, nor should 99.9% of people in this market environment.
Wonder why hundreds of millions get liquidated every time and people still ape in, with leverage.
They get rekt. Simple.
The short-medium term market direction is unclear but all I know is my long term bags are doing well and going to the moon for the long-run.
Just zoom out the timeframe
Its going to go up, just hold and have a set outline and quantitative backing
$ETH ETF news but it has held well regardlessCRYPTOCAP:ETH has been hovering around Major Resistance for some time and it has certainly held well.
There's a tiny downtrend but this can easily be broken today & on HEAVY VOLUME.
#ETH RSI & $ Flow are looking petty good, not bad at all.
1st target called long ago was 2300.
Next target is the Gap fill and that sits around 25-2600.
Then the final target would be 50% Fib level, putting #ethereum at 3000. Might pause around there for a bit again.
#crypto #ETF
UNDERSTAND THE BITCOIN ETF - PRICE ACTIONHello Family!
10th January of 2023. We are hours away from the Approval, delay or Rejection of the Bitcoin ETF.
We need to be careful since the Bitcoin price still needs to confirm the 30-32k area as a SUPPORT.
WE've done this in every Bitcoin cycle after we created a BOTTOM structure and going into a RETRACEMENT.
We are in the biggest RETRACEMENT levels. This is a critical zone where the price could get rejected and where many expert traders are taking profit from the ACCUMULATION zone (15-25k)
So, right now Bitcoin has huge risk of ROI vs potential downside.
If you are waiting on a sideline, It would be better to wait for the MACRO correction, or wait if the Bitcoin Dominance starts to fall and liquidy goes into Altcoins.
Legendary day.
The force be with you.
Bitcoin sending mixed signals but trend has been strongCRYPTOCAP:BTC has hit the 1st 24 target.
Volume has been a little mixed lately. Was more buying leading up to the last few days.
#BTC RSI & $ Flow indicators are diverging.
RSI holding 50 but going lower (middle).
$ Flow above 0 going higher (middle).
Weekly
#Bitcoin trend has been strong.
It has been overbought since October.
Monthly
Not overbought, that's RARE when it does happen.
More on this another day.
Adoption: Institutions' Positive Sentiment Awaiting BTC ETFsAdoption: Institutions' Positive Sentiment Awaiting BTC ETFs
Dear Esteemed Traders,
One reason why Bitcoin price could go above $4600 in the next three months is the increasing institutional adoption of the cryptocurrency. According to a survey by Bitwise, almost 90% of financial advisors plan to buy Bitcoin after the approval of spot BTC ETFs. This could create a huge demand for Bitcoin and drive its price higher. Additionally, some institutions such as MicroStrategy, Tesla, and Square have already invested billions of dollars in Bitcoin and are holding it as a reserve asset. This could reduce the supply of Bitcoin and increase its scarcity value.
Another reason why Bitcoin price could go above $4600 in the next three months is the positive technical outlook of the cryptocurrency. Bitcoin is currently trending bullish on the four-hour time frame, with the 50-day and 200-day moving averages sloping up. The RSI is also within the neutral zone, indicating that the price has room to grow without being overbought or oversold. Moreover, Bitcoin has formed an ascending triangle pattern on the weekly chart, which is a bullish continuation pattern that suggests a breakout to the upside. If Bitcoin can break above the resistance line of the triangle, it could reach record highs, according to the measured move technique.
Of course, these are not the only factors that could affect the price of Bitcoin in the next three months. There are also some risks and uncertainties that could cause the price to drop, such as regulatory hurdles, market volatility, cyberattacks, and competition from other cryptocurrencies. Therefore, it is important to do your own research and analysis before making any investment decisions.
Disclaimer: This is not investment advice. The information provided is for general information purposes only. No information, materials, services, or other content provided on this page constitutes a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.
Kind Regards,
Ely
BTC IS BEARISHAs you can see at the moment, The SEC underhandedness game just stumbled
BTC
price into the key resistance $48000. #BTC has been pumping since the last 3months but today, on the 1W chart,
BTC
has successfully mitigated the liquidity at $48000. IMHO, that may be the all time high price in 2024. Hence, price would consolidate for days and in fact, we can still revisit higher levels, but breakdown must happen. #NFA
BTC - Next Stop 50k 📍 Unless!Hello TradingView Family / Fellow Traders,
In my latest analysis, BTC successfully surpassed the 45,000 resistance and traded higher.
However, yesterday, BTC faced rejection at the 48,000 level and the upper boundary of the orange wedge pattern.
Now, what's next?
📈 BTC is anticipated to remain bullish , and we anticipate a potential movement towards the weekly resistance zone between 48,000 and 50,000, as long as the 44,500 support level is maintained.
📉 In the event of a downward break below the lower red trendline and the 44,500 support level, we expect a continuation of bearish movement until reaching the lower boundary of the orange wedge pattern, approximately around 42,500.
Which scenario do you believe is more likely to occur first, and why?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
Bitcoin(BTC): Fake ETF Approval = Markets Dumped!Here we are touched nicely by that FWB:48K zone that we have been telling you about and also which activated for us the third and last entry on our short position.
We are now looking to see no more further growth here and more downward movement, for sure!
As we mentioned already, we see that fake news we had was like a small test run. People have seen an approval, yet markets dumped even before the confirmation of it being fake announcement. Traders are shorting and going by the rule of "Buy The Rumor, Sell The News."
Swallow Team
ETHBTC LongI think ETHBTC has bottomed, if not will bottom this month.
that in turn means that BTC.D has topped
which means alts will have more legroom.
Can go on binance and long the ETHBTC Perp in futures.. best average entry is .0513 with daily SSL (soft stop loss) on .04949
Could be more than a couple years until we see ETHBTC or BTC.D at these levels.
SEC Manipulates Bitcoin with Fake ETF Approval News-Intentional?Trigger Warning: This video may offend those who are religiously dogmatic in their political affiliations. Do not watch if you prefer not to have your gods critiqued.
I had just put out a video earlier this morning warning you all that the SEC and Gary Gensler may pull some tricks out of their hat. A few hours later, the SEC puts out a false tweet, liquidates millions, and claims that their account was compromised for the first time in their X history. Something very much doesn't smell right here folks. But, unfortunately, none of this surprises me. I literally titled another video a few days ago, "Expect the Unexpected". Now, we can see firsthand exactly the type of shenanigans I am referring to in these two previous videos.