Stop loss is defined as the termination point of the falling wedge pattern (pink lines).
ETF announcement is ~the yellow line (weekly timeframe won't highlight Sept. 30)
Beware of a flash crash if we test so-called "Grandma" - it seems unlikely to me that the market will let BTC get as low as $4500. The nefarious, smart money plan would be to keep it just out of reach of the average retail investor. Remember when BTC first began its parabolic movement last fall and the narrative was to buy back in once it retraced to $4500? Didn't happen then, don't think it'll happen now.
www.MinervaMiningCo.com
ETF announcement is ~the yellow line (weekly timeframe won't highlight Sept. 30)
Beware of a flash crash if we test so-called "Grandma" - it seems unlikely to me that the market will let BTC get as low as $4500. The nefarious, smart money plan would be to keep it just out of reach of the average retail investor. Remember when BTC first began its parabolic movement last fall and the narrative was to buy back in once it retraced to $4500? Didn't happen then, don't think it'll happen now.
www.MinervaMiningCo.com