🅱️ Bitcoin Spot ETF Or War? Which One Is It? Sell High, Buy Low

30 de abr.

99.99% of all people that are extremely bullish on Bitcoin and became extremely bullish on Bitcoin early 2024, became this super, ultra, mega, uber-bullish because of the Bitcoin Spot ETFs.

When mentioning the fact that Bitcoin is about to enter a major correction, they would say it is not possible because there is no reason for such a correction to happen. There is also a market "protection" in the form of the Bitcoin Spot ETFs. Any and all selling by all parties would be consumed by the institutional buyers buying Bitcoin through these "investment vehicles."

The market moves based on cycles; these cycles are composed of waves.

Regardless of the reason we might or might not be able predict, the cycle cannot be messed with.

There is no net inflows coming from the Bitcoin Spot ETFs.
We are now seeing net outflows, meaning, money is leaving the market now through these investment vehicles. More money is going out than coming in.

This is ok. That's fine.
There is no need to panic. No need to fight. We just need to accept the new information and adapt to change.

The world is in turmoil and war is getting out of control all across, it is getting worse (short-term). This is a potential catalyst, a "reason," why the market can undergo a correction, but a correction will happen because whales take profits; people take profits; profits is the motivation and reason why people speculate.

This information has not hit home for many, this is something that is not yet widely known. But as soon as people come to this realization, the mood will switch from greed and forever up, to a reality of doom but really, we will experience nothing out of the norm.

When the next move starts to develop just remember to stay calm.
If you didn't sell in the past 7 weeks, you can feel confident in your ability to hold.

Just keep one thing in mind: if you don't sell when prices are high, make sure not to sell when prices are low.

When Bitcoin hits the next support, instead of selling your Bitcoins or going 30X SHORT make sure to buy... Because we sell high to buy low.

Namaste.

6 de mai.

Comentário

🅱️ Rejection At EMA50 | Triple-Bearish-Bias-Confirmation

So far nothing changes when it comes to Bitcoin's general trajectory in the short-term; headed lower.

➖ A rejection is happening today right at EMA50 on a daily basis.


This is a major development if the day closes below this level, as it would complete a triple-bearish-bias-confirmation.

A triple-bearish-bias-confirmation deletes all bullish-bounce potential.
The bounce toward 70K is no longer possible, if the day closes below EMA50, and thus we have a lower high as well confirmed.

👉 Next target is set in the range of $47,000 and $52,500.
This is for the correction move.

For the entire bearish wave:
👉 Main correction potential support price range sits at: $35,200 - $43,500.

Namaste.