A discussion to gather all the opinions on how the ETF will impact the Bitcoin Price.
First thesis:
This is one of the clear symptoms of the Disbelief stage of the rally, where retail investors keep waiting for a pullback, citing similar reasons. “This is going to fail soon, I’m going to buy the dip, etc.” While I am uber-long on the markets, it is quite embarrassing to make this mistake and very evident of my bear PTSD. I apologize, and it is a prompt reminder of how important it is to remain flexible when approaching markets and how often you have to update your map. Local top = pico top. Perhaps one of the biggest lessons to learn as we head into 2024 is to unlearn the bear market regime’s patterns and make space for new ones.
Second thesis:
The ETF is a sell the news event. All the hype and buys build up beforehand, and once the ETF actually gets launched, there won’t be any new liquidity but rather people selling. This was the case with gold, and history will repeat itself.
Third thesis:
Do you really expect a pullback at this time? Like the ETF comes and magically allows people to enter cheaply again while everyone is sidelined and waits for an entry? Just because this was the case with gold and people expect it now doesn’t mean it will happen. It’s too easy! There is also the halving in approximately 100 days, so the next catalyst is lined up directly to play a new narrative and fuel the hype.
Fourth Thesis:
The ETF will be accepted, but that doesn’t mean that it will be tradable right away! Maybe it will take half a year to actually be listed on the stock exchange. What if this is the case? What if there is no narrative since the halving has already occurred……??
NEWS: As of December 30, according to Reuters, the SEC allowed issuers to launch the following week after clearance!
First thesis:
This is one of the clear symptoms of the Disbelief stage of the rally, where retail investors keep waiting for a pullback, citing similar reasons. “This is going to fail soon, I’m going to buy the dip, etc.” While I am uber-long on the markets, it is quite embarrassing to make this mistake and very evident of my bear PTSD. I apologize, and it is a prompt reminder of how important it is to remain flexible when approaching markets and how often you have to update your map. Local top = pico top. Perhaps one of the biggest lessons to learn as we head into 2024 is to unlearn the bear market regime’s patterns and make space for new ones.
Second thesis:
The ETF is a sell the news event. All the hype and buys build up beforehand, and once the ETF actually gets launched, there won’t be any new liquidity but rather people selling. This was the case with gold, and history will repeat itself.
Third thesis:
Do you really expect a pullback at this time? Like the ETF comes and magically allows people to enter cheaply again while everyone is sidelined and waits for an entry? Just because this was the case with gold and people expect it now doesn’t mean it will happen. It’s too easy! There is also the halving in approximately 100 days, so the next catalyst is lined up directly to play a new narrative and fuel the hype.
Fourth Thesis:
The ETF will be accepted, but that doesn’t mean that it will be tradable right away! Maybe it will take half a year to actually be listed on the stock exchange. What if this is the case? What if there is no narrative since the halving has already occurred……??
NEWS: As of December 30, according to Reuters, the SEC allowed issuers to launch the following week after clearance!
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Lot of content uploaded to interact with on my insta!
https://www.instagram.com/sinxyl?igsh=NDl4ZXl2YzE4eWJu&utm_source=qr
https://www.instagram.com/sinxyl?igsh=NDl4ZXl2YzE4eWJu&utm_source=qr
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I understand that the primary focus in crypto is earning money.
However, life encompasses more than that.
As we enter 2024, my aim – and hopefully yours as well – is not solely on financial success. Instead, it’s about improving a little each day.
Prioritizing a healthy body, mental clarity, nurturing relationships, and increasing life’s happiness.
Together, let’s seize each day for personal growth and direction, while also achieving substantial financial success! 🔥
Ready for 2024, let’s go!
Time to face the challenges ahead!
However, life encompasses more than that.
As we enter 2024, my aim – and hopefully yours as well – is not solely on financial success. Instead, it’s about improving a little each day.
Prioritizing a healthy body, mental clarity, nurturing relationships, and increasing life’s happiness.
Together, let’s seize each day for personal growth and direction, while also achieving substantial financial success! 🔥
Ready for 2024, let’s go!
Time to face the challenges ahead!
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More content comes soon - focused on IG right now our Free Signals group is delivering though!
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🇺🇸Heading into 2024, the big twist is the expected Federal Reserve's decision to cut interest rates. Think of it as a big switch that will really shake things up.
Imagine this: Over time, these lower rates usually end up being good news for the markets. But here's the catch – right after the rates drop, the markets might actually get a bit dangerous. It's like taking one step back before two steps forward.
Now, this isn't just about money in and out. It's like a big puzzle with pieces like jobs, the cost of living, and what's happening around the world. After rates go down, usually more people are looking for jobs, and this can destabilize the markets, leading to ups and downs in prices.
This isn't just guessing; we’re looking at patterns from the past to make these predictions. Think that by next year, things like the S&P 500 might dip a bit, based on what's happened before. How this affects Crypto is unknown. 🚫DON’T GET CONVINCED BY NARRATIVES! People tell you this time is different, see how it worked out for them in 2020. It’s NEVER DIFFERENT! Markets are ALWAYS the SAME, the only thing that changes are timeframes to confuse investors. That’s not intentionally, it’s just happening because everyone is trying to front run events.
So, what's the takeaway? If you're playing in the market, 2024 might be a bit of a wild ride. It's probably smart to be ready for some surprises and not put all your eggs in one basket. But remember, it's all part of the game! Ride this Bull market as long as you can. If you stay out, you’re loosing out!
Imagine this: Over time, these lower rates usually end up being good news for the markets. But here's the catch – right after the rates drop, the markets might actually get a bit dangerous. It's like taking one step back before two steps forward.
Now, this isn't just about money in and out. It's like a big puzzle with pieces like jobs, the cost of living, and what's happening around the world. After rates go down, usually more people are looking for jobs, and this can destabilize the markets, leading to ups and downs in prices.
This isn't just guessing; we’re looking at patterns from the past to make these predictions. Think that by next year, things like the S&P 500 might dip a bit, based on what's happened before. How this affects Crypto is unknown. 🚫DON’T GET CONVINCED BY NARRATIVES! People tell you this time is different, see how it worked out for them in 2020. It’s NEVER DIFFERENT! Markets are ALWAYS the SAME, the only thing that changes are timeframes to confuse investors. That’s not intentionally, it’s just happening because everyone is trying to front run events.
So, what's the takeaway? If you're playing in the market, 2024 might be a bit of a wild ride. It's probably smart to be ready for some surprises and not put all your eggs in one basket. But remember, it's all part of the game! Ride this Bull market as long as you can. If you stay out, you’re loosing out!
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Ok enough boring macro: concrete advice now:
While the moon's gravity pulls, watch closely for the signs. The wisdom here? The last three days of this rally, they're a trader's minefield. Don't bet on late news; instead, lock in those gains. Here’s your edge: Around the 7th, or pre-ETF news, watch for consolidation. If it's past the 10th, it's time to step back, not double down. Leverage trades? Cash them in. The news might already be baked into the prices. Expect a sell-off post-announcement. The big fish won't bite immediately, but the selling pressure will surge.
Play smart - short-term plays on the news, then be ready to short. It's a game of precision and timing. Anticipate the market maker's moves. If the pump stops early, be ready to adapt. If it extends, surf the wave, then switch to a low-leverage short. Remember, it's all about being on the right side of the trade. This isn't just trading; it's advanced market psychology. Stay sharp, stay ahead.
While the moon's gravity pulls, watch closely for the signs. The wisdom here? The last three days of this rally, they're a trader's minefield. Don't bet on late news; instead, lock in those gains. Here’s your edge: Around the 7th, or pre-ETF news, watch for consolidation. If it's past the 10th, it's time to step back, not double down. Leverage trades? Cash them in. The news might already be baked into the prices. Expect a sell-off post-announcement. The big fish won't bite immediately, but the selling pressure will surge.
Play smart - short-term plays on the news, then be ready to short. It's a game of precision and timing. Anticipate the market maker's moves. If the pump stops early, be ready to adapt. If it extends, surf the wave, then switch to a low-leverage short. Remember, it's all about being on the right side of the trade. This isn't just trading; it's advanced market psychology. Stay sharp, stay ahead.
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New airdrop claim:
https://genesis.dymension.xyz/
You can check by just putting in your wallet on different networks. No need to connect.
Eligible are:
Active addresses as of December 19, 2023 compiled from various protocols including Wormhole, Tensor, and Drip.
https://genesis.dymension.xyz/
You can check by just putting in your wallet on different networks. No need to connect.
Eligible are:
Active addresses as of December 19, 2023 compiled from various protocols including Wormhole, Tensor, and Drip.
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Tomorrow:
🟢BlackRock is seeding their spot #Bitcoin ETF with $10 million.
Dates of these participants is unknown:
🟢Bitwise is seeding theirs with $200 million.
🟢Hashdex is seeding theirs with $2.8 million.
🟢WisdomTree is seeding theirs with $2.5 million.
Seeding is buying an initial amount of an asset to have liquidity in the ETF.
Thinking about it 10million is like nothing, at least not for BlackRock.
200mio move markets, 10 million moves nothing.
🟢BlackRock is seeding their spot #Bitcoin ETF with $10 million.
Dates of these participants is unknown:
🟢Bitwise is seeding theirs with $200 million.
🟢Hashdex is seeding theirs with $2.8 million.
🟢WisdomTree is seeding theirs with $2.5 million.
Seeding is buying an initial amount of an asset to have liquidity in the ETF.
Thinking about it 10million is like nothing, at least not for BlackRock.
200mio move markets, 10 million moves nothing.
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Forwarded from ElevateEquity Trading®
Just to get this straight:
If the ETF gets delayed, alts will pump.
If the ETF gets approved, BTC will pump and dump, and while BTC dumps, capital will flow to altcoins.
If the ETF is approved, but the time of trading is in the distant future, we dump a bit and go sideways until the hype starts again.
If the ETF gets rejected, everything goes down. This is a less than 1% probability, though.
So, in every case, altcoins spot is the place to be.
If the ETF gets delayed, alts will pump.
If the ETF gets approved, BTC will pump and dump, and while BTC dumps, capital will flow to altcoins.
If the ETF is approved, but the time of trading is in the distant future, we dump a bit and go sideways until the hype starts again.
If the ETF gets rejected, everything goes down. This is a less than 1% probability, though.
So, in every case, altcoins spot is the place to be.
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Binance and ByBit are down that’s also contributing to the massive dump.
BitGet is still operational that’s why we recommend them.
500million of longs have been liquidated with the current low of 40.207 USDT.
BitGet is still operational that’s why we recommend them.
500million of longs have been liquidated with the current low of 40.207 USDT.
This hit piece did contribute to the dump in addition to liquidation cascades.
The whole article does not give a single reason why the analyst in question comes to this conclusion.
He doesn’t have any inside information or any kind of new insight.
It’s just the usual “too much fraud in the space” narrative.
The whole thing looks like a paid promotion to flush out leverage and buy at a discount.
Link 🔗
The whole article does not give a single reason why the analyst in question comes to this conclusion.
He doesn’t have any inside information or any kind of new insight.
It’s just the usual “too much fraud in the space” narrative.
The whole thing looks like a paid promotion to flush out leverage and buy at a discount.
Link 🔗
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How the original article from yesterday was called: link
How they make it sound: link
Pure bullshit by “The Block”.
So here the theory; market makers analysis bots read the headline and interpreted it as a rejection. Therefore they pulled their Spot bid orders.
This made the order book real thin in addition to only having a large liquidity cluster below 41k.
With all the futures liquidations and missing liquidity it was easy to drop by 10% in minutes.
How they make it sound: link
Pure bullshit by “The Block”.
So here the theory; market makers analysis bots read the headline and interpreted it as a rejection. Therefore they pulled their Spot bid orders.
This made the order book real thin in addition to only having a large liquidity cluster below 41k.
With all the futures liquidations and missing liquidity it was easy to drop by 10% in minutes.
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JUST IN: Senior Bloomberg Analyst says "we have heard nothing to indicate anything but approval" for Spot Bitcoin ETF.
Told you - hope you didn’t get shaken out.
Told you - hope you didn’t get shaken out.
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So we have the FOMC meeting in 40 minutes.
Could shake markets again.
Could shake markets again.
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