BTC GAMEPLAN - HALVING|FUD|ETF
Gm fam,
I hope you all having a great Friday!
Time for an update on the crypto markets, in the last email BTC was trading in the $64.000 - $62.000 range and we talked about the possibility of a local bottom, well we were right.
Now we are trading at a critical level which is the 0.786 fib level at around $72.000 - $71.000 range. As long as we stay above the $68.500 odds are the one of a continuation to the upside. Even tho a lot of people are not talking about something of vital importance, CME.. CME Gaps.
If you have no idea what CME gaps are I strongly advice to study the matter. (trading course) This gap has an high probability of getting filled on the way down, eventually.
It’s a matter of time whether it will be pre-halving or after halving.
That being said, as long the 0.618 fib level holds ($68.500) I think we have an higher chance to go for new ATHs, but if this isn’t filled pre-halving, it will eventually be filled afterwards.
It is no surprise to anyone that the halving is a sell the news event.. even tho majority of people are bullish and keep on saying “this time is different because we have the ETF”.
Quite the opposite.
Remember the BTC ETF drama?
Delays, Delays, more delays, exchange fud, USDT fud.. same story will happen again now that the ETH ETF is around the corner.
We already had the KuCoin fud and the SEC accusing ETH Foundation, oh boy oh boy.. the fud pre-halving has merely started. It will just intensify.
I’m definitely not saying this for you to panic sell your bags, quite the opposite.
This is a reminder for y’all, that fud will be on the table once again and you should know better and don’t get trapped.
Needless to say, my big advice is to have some ammos (stables) to accumulate if we get one of the biggest buying opportunities in the short-term near future.
YES YES.. we had a mini altseason, but if you have not been around enough… alts go vertical with little to no pullback, the REAL altseason will happen once the ETH ETF will be approved.
That’s it fam,
I hope you liked this email as always,
Don’t get squeezed and have a wonderful weekend!
Until next time!
Omega