The 'SELL THE NEWS' trade that got me the 'FXProfessor' nickname

2 בינו׳

🎉📈 "Bitcoin ETF Buzz: To Sell or Not to Sell?" 🤔💰

Hi everyone!
🌟 Today is a special episode, a special post, and a special idea. First of all, Happy New Year 🎊 to all of you!

We have Bitcoin at 45K, nearing 46K 🚀, prompting us to consider our options.

Is it time to sell the news 🤷‍♂️💼 with the Bitcoin ETF drawing closer?

The market is rife with FUD 😨, and Jim Cramer's opinions can't be ignored. He suggests that the ETF approval might be an opportunity to sell, but history has often shown his predictions to be off-mark 🙈.

Let's delve into history for guidance 🧐📚. Back in December 2017, during the CME listing of Bitcoin futures, I made a significant sell decision. At that time, I wasn't on Tradingview but shared my thoughts on Facebook, predicting a manipulation in Bitcoin's price post-news 📉🗞️. Indeed, the 2017 all-time highs weren’t revisited for three years, validating my decision 🎯.

Check it:

Now, let's analyze the current scenario 🔍📈. With Cramer hinting at a potential sell opportunity following the ETF approval, it's crucial to scrutinize the charts 📊. I'm leaning towards a 50% chance that the market is poised for an upswing with the ETF's approval

✅📈. However, it’s essential to understand Bitcoin’s seasonality and cycles ⏳🔄. We're currently heading towards a halving year, with the next all-time high anticipated around the end of 2025 📅🚀. This differentiates the current situation from 2017.

My focus is on a key resistance level at $47,071 💹🔑, which will be instrumental in my decision to sell or hold. If this level is breached, we might witness a significant breakout 💥💸. However, should there be a surprise ETF rejection, a fallback to lower support levels is possible 😱📉.

To conclude, while my initial inclination was to sell the news, the current analysis suggests that might not be the most prudent course 🤔💭. Remember, each move in the crypto market requires careful analysis and an understanding of historical trends 🔬📉📈. Stay tuned for more insights and updates!

One Love,
The FXPROFESSOR 💙👨‍🏫💼

my special 'simple secret chart':

8 בינו׳

הערה

update