dogdaddevan

Bitcoin ETF - buy the rumor, sell the news

Short
BITSTAMP:BTCUSD   Bitcoin
bitcoin @ 38K = smart btc money slowly exiting for weeks…

November Highlights
🔹 Nov 17 BTC etf delayed
🔹 Nov 24 (52 Wk High 38.4K)
🔸 18 Daily High of 37K+
🔸 ZERO daily closes of 38K+

PS could hit 40K then retest 38K for “support” and fail and my idea’s still correct 😁GG

You can see that we struggle to move up and it's likely because people bought the rumor and are selling this news lol. The SEC has stated the won't give a until January 2023 and even then there are lots of issues that can come up. There is nothing to really look forward to in terms of bullish news for December. I am sitting on the sidelines as I feel the insiders are going to leave retailers holding the bag for this recent pump.

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