UnknownUnicorn4285265

Bitcoin ETF Launches on Tuesday. Good news right?

Short
GEMINI:BTCUSD   Bitcoin
Well... the last time a major bitcoin ETF happened... it was literally the EXACT day bitcoin topped in our last bull market in 2017.

Not exactly saying this has to play out like this... but it is a good reason for you guys to tame down your bullishness and consider the possibility that a crash might happen.

I'm king bear-tard and I have been for a while. This ETF is just icing on the cake for me. The ETF brings in lots of people who don't know anything because of the hype. This is a prime moment in time for the real whales who are billionaires to rake in massive amounts by crashing the market.

All bitcoin has to do is go over 65k. That's it. Like 3,300$ right now. That will change everything.

The daily candle close is 2 hours away. That's not a good thing. In 2 hours... it becomes... black tuesday. December 17th, 2017. ETF launch day.

If we do crash I don't expect it to mirror the 2017 crash. Just showing that the last time we had an ETF... it was not a good thing.

This is the make or break period of time. We are at the crossroads right now.
Comment:
If we do start going down my ultimate target is in the 7k range. I don't know exactly when this will happen but it's what I think the bottom will be.

Unless we go above 65k of course then it's all invalidated. But this is my bear market target area.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.