SPX above 5k, BTC getting ground from 64.8k.

Looking good so far.

JUST IN: 🇺🇸 Multiple SEC lawyers resign after a federal judge sanctioned the agency for false statements & abuse of power in a crypto case.

@WatcherGuru

Justice is served

Heavy accumulating going on at $UOS from a few ppl

Bullish

Bearish ofc. But I never expected ETH ETFs to be accepted this early. We will need a lot of work to get them approved. As we haven‘t seen any real alt szn yet, I kinda feel like we might have to wait for the ETH ETFs to have a more probable approval chance

JUST IN: 🇺🇸 SEC expected to deny spot Ethereum ETFs next month, Reuters reports.

@WatcherGuru

Higher low formed plus we are above 64.8k again.

Good.

BTC ended up printing a doji on the daily.
Unfortunately, we close below 64.8k. A doji can be a reversal candlestick. We need to trend upwards now as it shows an indecisive market.

Unfortunately, so far we have been trending slighty downwards. Let us see. Stocks are about to open slighty positive

Not looking good tbh. Currently sitting at the doji low.
A breakdown from here likely makes us retest 60k

All bearishness aside: Hong Kong approving the ETH ETF puts pressure on other countries as well as the US. This is super bullish in general.

Slow bleed over the weekend. Golden pocket broken.

Need to find support asap. A short squeeze is possible but looking at this picture, a 60k retest looks most likely of these options.

I expext an extremely volatile week ahead. Make use of it and don‘t fomo/panic either way. Get a plan ahead and execute.

SPX futures have opened the daily in the green. If stocks pump, we should find a bottom soon on BTC

Update: above the golden pocket again.
Not all hope is lost for a bullish reversal, yet!

If I remember correctly, we have spot ETFs in Canada, US, Hong Kong and soon Australia? I am pretty sure many countries are already working on their own format already.

The US approval was the biggest step for mass adoption. There is barely any stopping now. The only question remaining is how long it will take.

JUST IN: 🇦🇺 Australia set to approve Spot Bitcoin ETFs this year, Bloomberg reports.

@WatcherGuru

P.s.: don‘t get shaken out on your alt positions, because:

^

Except WIF

What I mean with don't fomo/panic:
- In my opinion, before you buy/sell anything, you should ask yourself: Would I short or long this asset.
What you want to do (longer-term view) is zoom out and and then make a Risk/Reward assessment
Taking the example of LDO:

Is the risk here higher to short or long?

My answer is easy: long here unless we break this long-term uptrend again and get a retest from below. This is where I would (panic) sell.

As long as we are above and only get wicks below, I am totally chill holding this.

Would you short or long WIF?

I would say neither. I would have shorted (or sold if I held some spot) after it did 1500% up.

As I am personally not a big fan of WIF, I wouldn't spot buy anything anyhow here. On the other hand, I wouldn't sell/short it as well. This is a coin that has no good risk/reward here. It basically is a gamble to buy/sell here.

Spot wise, I would accumulate it at the 0.6$-1.1$ range.


My best advice I can give: Before you trade out of a gut feeling, which essentially is fomo/panic, get a fundamental analysis and make yourself some rules how you act and then act.

For me and this (bull)run, I decided to accumulate and hold until prices get crazy. The only coins I have been seeing going crazy are basically BTC, SOL, TIA, INJ, WIF and a few other small shitcoins. These are the only ones I would sell/would have sold on this uptrend if I had held any.

As I am basically never selling any of my btc fractions just to not repeat my mistakes from the past, I haven't sold anything yet.