dogdaddevan

Bitcoin ETF - buy the rumor, sell the news

Short
BITSTAMP:BTCUSD   Bitcoin
bitcoin @ 38K = smart btc money slowly exiting for weeks…

November Highlights
🔹 Nov 17 BTC etf delayed
🔹 Nov 24 (52 Wk High 38.4K)
🔸 18 Daily High of 37K+
🔸 ZERO daily closes of 38K+

PS could hit 40K then retest 38K for “support” and fail and my idea’s still correct 😁GG

You can see that we struggle to move up and it's likely because people bought the rumor and are selling this news lol. The SEC has stated the won't give a until January 2023 and even then there are lots of issues that can come up. There is nothing to really look forward to in terms of bullish news for December. I am sitting on the sidelines as I feel the insiders are going to leave retailers holding the bag for this recent pump.

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.