Forwarded from Watcher Guru
DiveInDefi
Count wise we might get 2 more rejections tho as usual on breaking a historic resistance. TA works less good on stocks than it does on crypto, though. We will see.
I am not expecting giga double top mega dump, but it would align with this, so my bias is a dip on SPX and stocks today. We will see. Trading opening in 50 minutes
Forwarded from Watcher Guru
Watcher Guru
BREAKING: Spot Bitcoin ETF trading is officially live. @WatcherGuru
People expect a pump. If it doesnt, we probably get the first correction
DiveInDefi
We are approaching the most important region for this rallye. We are going to hit the 46-57k range soon right in time to the approval decision. Breaking this 0.618-0.786 retracement level literally decides if this whole rallye is a bear market rallye or if…
I want to remind you of that. We are entering a big level of resistance. We need !!REAL!! ETF buying pressure to get through this. Otherweise, this would definitely be a level of reversal. Also this would mark this whole rally as bear market rally. I personally think we will break it but it is always important to not be overly confident, as this is the way to get rekt.
DiveInDefi
People expect a pump. If it doesnt, we probably get the first correction
Volumes on spot etfs seem low. Here we go. This is the real sell the news
DiveInDefi
Count wise we might get 2 more rejections tho as usual on breaking a historic resistance. TA works less good on stocks than it does on crypto, though. We will see.
Unfortunately, this was right as well so far
Forwarded from CryptoQuant Alert
👏1
DiveInDefi
People expect a pump. If it doesnt, we probably get the first correction
I think it seems like we obviously have a sell the news. It started today, the question basically is how long it lasts. People are disappointed and ETFs have very low volume so far. Loads of hype which of course cannot be met in the first day.
The ETFs (if at all) only work in the long run. Companies and other entities that have not been able to acquire BTC over "shady" existing cex's might use them to start acquiring BTC as a position in their asset sheets. Maybe it even becomes a part of some major ETFs like the MSCI world or others? That is where the real money flows in. But anyone that wanted BTC badly, already purchased them somehow over existing CEXes.
It needs time to make an impact, adversly to making a huge impact on day 1 which of course would have been the most bullish scenario that has been proven wrong for now.
The ETFs (if at all) only work in the long run. Companies and other entities that have not been able to acquire BTC over "shady" existing cex's might use them to start acquiring BTC as a position in their asset sheets. Maybe it even becomes a part of some major ETFs like the MSCI world or others? That is where the real money flows in. But anyone that wanted BTC badly, already purchased them somehow over existing CEXes.
It needs time to make an impact, adversly to making a huge impact on day 1 which of course would have been the most bullish scenario that has been proven wrong for now.
👏1
DiveInDefi
Next rejection on SUI as expected. Next pump might do it, if not we get another last dip but this should seal the deal for new highs✌️
Gotta love the accuracy on those. Next targets marked in chart. We might just fly hard the next weeks anyawys as SUI is not far from price discovery.
GZ Eztic :)
GZ Eztic :)
Forwarded from Watcher Guru
JUST IN: Spot Bitcoin ETFs trading volume surpasses $4.5 billion in the first day of trading.
@WatcherGuru
@WatcherGuru