UNDERSTAND THE BITCOIN ETF - PRICE ACTION
Hello Family!
10th January of 2023. We are hours away from the Approval, delay or Rejection of the Bitcoin ETF.
We need to be careful since the Bitcoin price still needs to confirm the 30-32k area as a SUPPORT.
WE've done this in every Bitcoin cycle after we created a BOTTOM structure and going into a RETRACEMENT.
We are in the biggest RETRACEMENT levels. This is a critical zone where the price could get rejected and where many expert traders are taking profit from the ACCUMULATION zone (15-25k)
So, right now Bitcoin has huge risk of ROI vs potential downside.
If you are waiting on a sideline, It would be better to wait for the MACRO correction, or wait if the Bitcoin Dominance starts to fall and liquidy goes into Altcoins.
Legendary day.
The force be with you.
10th January of 2023. We are hours away from the Approval, delay or Rejection of the Bitcoin ETF.
We need to be careful since the Bitcoin price still needs to confirm the 30-32k area as a SUPPORT.
WE've done this in every Bitcoin cycle after we created a BOTTOM structure and going into a RETRACEMENT.
We are in the biggest RETRACEMENT levels. This is a critical zone where the price could get rejected and where many expert traders are taking profit from the ACCUMULATION zone (15-25k)
So, right now Bitcoin has huge risk of ROI vs potential downside.
If you are waiting on a sideline, It would be better to wait for the MACRO correction, or wait if the Bitcoin Dominance starts to fall and liquidy goes into Altcoins.
Legendary day.
The force be with you.
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