The 'SELL THE NEWS' trade that got me the 'FXProfessor' nickname
๐๐ "Bitcoin ETF Buzz: To Sell or Not to Sell?" ๐ค๐ฐ
Hi everyone!
๐ Today is a special episode, a special post, and a special idea. First of all, Happy New Year ๐ to all of you!
We have Bitcoin at 45K, nearing 46K ๐, prompting us to consider our options.
Is it time to sell the news ๐คทโโ๏ธ๐ผ with the Bitcoin ETF drawing closer?
The market is rife with FUD ๐จ, and Jim Cramer's opinions can't be ignored. He suggests that the ETF approval might be an opportunity to sell, but history has often shown his predictions to be off-mark ๐.
Let's delve into history for guidance ๐ง๐. Back in December 2017, during the CME listing of Bitcoin futures, I made a significant sell decision. At that time, I wasn't on Tradingview but shared my thoughts on Facebook, predicting a manipulation in Bitcoin's price post-news ๐๐๏ธ. Indeed, the 2017 all-time highs werenโt revisited for three years, validating my decision ๐ฏ.
Check it:
Now, let's analyze the current scenario ๐๐. With Cramer hinting at a potential sell opportunity following the ETF approval, it's crucial to scrutinize the charts ๐. I'm leaning towards a 50% chance that the market is poised for an upswing with the ETF's approval
โ ๐. However, itโs essential to understand Bitcoinโs seasonality and cycles โณ๐. We're currently heading towards a halving year, with the next all-time high anticipated around the end of 2025 ๐ ๐. This differentiates the current situation from 2017.
My focus is on a key resistance level at $47,071 ๐น๐, which will be instrumental in my decision to sell or hold. If this level is breached, we might witness a significant breakout ๐ฅ๐ธ. However, should there be a surprise ETF rejection, a fallback to lower support levels is possible ๐ฑ๐.
To conclude, while my initial inclination was to sell the news, the current analysis suggests that might not be the most prudent course ๐ค๐ญ. Remember, each move in the crypto market requires careful analysis and an understanding of historical trends ๐ฌ๐๐. Stay tuned for more insights and updates!
One Love,
The FXPROFESSOR ๐๐จโ๐ซ๐ผ
my special 'simple secret chart':
Hi everyone!
๐ Today is a special episode, a special post, and a special idea. First of all, Happy New Year ๐ to all of you!
We have Bitcoin at 45K, nearing 46K ๐, prompting us to consider our options.
Is it time to sell the news ๐คทโโ๏ธ๐ผ with the Bitcoin ETF drawing closer?
The market is rife with FUD ๐จ, and Jim Cramer's opinions can't be ignored. He suggests that the ETF approval might be an opportunity to sell, but history has often shown his predictions to be off-mark ๐.
Let's delve into history for guidance ๐ง๐. Back in December 2017, during the CME listing of Bitcoin futures, I made a significant sell decision. At that time, I wasn't on Tradingview but shared my thoughts on Facebook, predicting a manipulation in Bitcoin's price post-news ๐๐๏ธ. Indeed, the 2017 all-time highs werenโt revisited for three years, validating my decision ๐ฏ.
Check it:
Now, let's analyze the current scenario ๐๐. With Cramer hinting at a potential sell opportunity following the ETF approval, it's crucial to scrutinize the charts ๐. I'm leaning towards a 50% chance that the market is poised for an upswing with the ETF's approval
โ ๐. However, itโs essential to understand Bitcoinโs seasonality and cycles โณ๐. We're currently heading towards a halving year, with the next all-time high anticipated around the end of 2025 ๐ ๐. This differentiates the current situation from 2017.
My focus is on a key resistance level at $47,071 ๐น๐, which will be instrumental in my decision to sell or hold. If this level is breached, we might witness a significant breakout ๐ฅ๐ธ. However, should there be a surprise ETF rejection, a fallback to lower support levels is possible ๐ฑ๐.
To conclude, while my initial inclination was to sell the news, the current analysis suggests that might not be the most prudent course ๐ค๐ญ. Remember, each move in the crypto market requires careful analysis and an understanding of historical trends ๐ฌ๐๐. Stay tuned for more insights and updates!
One Love,
The FXPROFESSOR ๐๐จโ๐ซ๐ผ
my special 'simple secret chart':
Commento:
update
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