ππΌπ π§πΌ π£πΏπΌπ³πΆπ ππΏπΌπΊ π§π΅π² πΌππ½ π¦π²πΉπΉ π§π΅π² π‘π²ππ πππ²π»π
This ETF, yes the BTC ETF has been called a sell-the-rumor event.
And I do not like to agree with popular opinion but I think they are right for once.
I talked about this in my previous article:
πππ πΌππ½ πΈπ‘π‘π£π π§ππ ππ’π₯π₯ πππ€π ππ’πππ¨π’π§ ππ«ππ¬π‘
But now it seems to get really close I want to say it once more:
Yup, I predicted this pump! But I donΒ΄t think that was a serious prediction. As in it was a solid one, this was just bound to happen.
The thing is that based on historical facts this pump will be followed by a dump.
I am not gonna say to 36K or 40K, I am just gonna tell you that this dump is evident.
When Dump?
The approval needs to be in on the 10th of January, so expect it on the 9th.
But the approval will create a short-term hype. As in a week max although I expect 3-4 days.
That means that the 13th of Jan will probably be the turning point.
Not A Hodler
If you are a hodler, please ignore the next part.
If you are in it for the profit please sell the news and expect the dip.
That dip will come, it might take a week, but the ETF excitement will soon dwindle as after the approval it might take 6 months till the ETF buying actually commences.
That means that between Jan 15 & June 15 there will be a bottom.
When Bottom?
The inevitable bottom will probably be after the halving.
There will be a dump a week after approval.
Then BTC will stabilize somewhere around 40K I can be 5K off in both directions.
It will be there for a month, maybe two because the next sell the news event is near.
The halving is the next sell-the-news event, and due to the ETF Hype many tourists will buy into this BS once again.
We will see a pre-halving pump and then the fun really hits the fan.
They will be so disappointed because there will be a nice big dump.
Simply because for a while there is no more news left to sell & as the say goes sell in May.....
After the approval, it will take around six months for those ETFs to start up and nobody is putting money in over the summer while lying on the beach sipping cocktails.
The dump will start in May and not go away till after the holidays.
When Pump?
Logically the big pump will be just before November 2024.
Prior to the US election, after the big rate hike cuts.
The pump will start very slowly end of July when ETFs start buying, reduced interest rates will fuel the interest in BTC. On top of that Biden has to make good on the crypto stands his puppets (GG, Yellen, Warren, Marshall) put out there, So just before the election there should be an action recalling all the fake anti-crypto news spread by the puppets.
The Trigger
Combined these events will be the trigger of the next bull run, A bull run that will take us to approx. 140K BTC:
π π²π
π½π²π°π ππ΅π² πΉπβ ππ π‘ π₯πππ€ πΉπ¦ππ βπ¦π π§πΌ ππ² π―π²πΉπΌπ ππ±π¬π
Bikini Bottom Line
Please Dear Reader play it smart, donΒ΄t get greedy.
Take advantage of a predictable market. I know I will.
I see two dumps ahead, so I sell into the rumor.
Wait a little & practice the patience I donΒ΄t have.
Then buy back with interest during the inevitable dump in Feb am June.
These might be the last two big pre-bull run opportunities to pump my bags.
I will play the game and not bet on diamond hands.
ItΒ΄s worth a try as long as you only invest what you are willing to lose & follow the rules:
Just Remember:
- No Hindsight
- Be disciplined and plan your exit
- DonΒ΄t get greedy, greed gets you rekt
- Practice patience the bull market just started
- And never ever take financial advice from a baby!
Thank goodness you made it till the end Pees, Love and I am out of here!