BITCOIN SPOT ETF FAKEOUT!! SEC Sends FALSE ALARM!

Bitcoin spot ETF approval approval fakeout. Really can’t even make this stuff up! Welcome to crypto.

SEC X account the official X account posted today the SEC grants approval for Bitcoin etss for listing on all registered National Securities exchanges I said this is sad because I was just going through and I was looking at posts of just all these people I follow so hype the crypto space

So excited about this news and it’s interesting to see this this is this was going to be the organic reaction of all these people even myself included I tweeted I just posted the news you know Bitcoin spotty T this was going to be it this was the

Moment the approved Bitcoin ETS will be subject to ongoing surveillance and compliance measures to ensure continued investor protection and then minutes later man this hurts minutes later everybody Gary gendler and what’s up out there everybody I appreciate you cruising through I know you’re following this I

Know you’re following the story I I had this live stream set for the Bitcoin spot ETF approval I wanted to cover it live and then it came out minutes minutes ago Gary gendler Tweeting or posting the SEC Twitter account was compromised and an unauthorized tweet was posted the SEC has not approved the

Listing and trading of spot Bitcoin exchange traded products yo I just I love crypto I love crypto this is like this is the space this is what this is not surprising it’s crazy so Bitcoin spot ATF not approved yet I tried to put in the thumbnail not yet because it looks

Like they’re on Pace they’re on course to get approved tomorrow but let’s talk about that so we have Eric over here as a he’s the uh Bloomberg analyst even him getting excited let’s give it a like he was he was hype minutes ago boom he says there’s the SEC deleted

Post coinbase was hype coinbase loves ETFs okay let’s go back and let’s look at Jeremy he’s or this is Jeremy he’s hype everybody you all know Jeremy Hogan and away we go but let’s look at Eric he’s the Bloomberg analyst a really good take on what’s going on here to really

Dig into it apparently SCC spokesman told Bloomberg they’re not approved yet maybe someone put Rec can tweet in one day early because I heard they were going to announce approval Wednesday 4 p.m. so the rumor is Wednesday tomorrow 4 pm Bitcoin spot etf’s going to be approved right so the theory here by

Eric and he’s a Bloomberg analyst and he’s he’s a SE he’s an ETF analyst and he’s been tracking this ETF stuff on point extremely good data and then he just says man never a dull moment and that’s the theory and he also posted again on TV right now talking about this

And yes I think someone prepped a plan tweet and put wrong date because the Tweet would have made perfect sense tomorrow at this time because really look at look at when this came out right around 4:00 right the anticipated time that it was going to come out and so it

Does make sense the language sounds legit SEC is in my opinion versus a crypto knucklehead pulling a prank but I guess we’ll see and if you just look at the Tweet the the fake tweet that the well it’s not fake if this theory is true this is written this was written by

The SEC and prepared and ready to go for tomorrow it kind of just got pressed you know somebody had a you know trigger finger pressed it early but it really does this doesn’t sound like a crypt bro like fake news hack somebody hacked SEC website today SEC grants approval for

Bitcoin ETF for listing on all registered National Security exchanges approve Bitcoin ETF will be subject this is last part I just don’t think some hacker would be putting this in right we’ll be subject to ongoing surveillance I don’t know let me know what you think of the comments

But talking about compliance and stuff I don’t think they would have done that the other thing is this G Gary so when it comes out that it’s not real he said the SEC Twitter account was compromised it sounds like it’s hacked but this what’s G this this gives

It away an unauthorized ized tweet was posted meaning the green light wasn’t given it was unauthorized right and I think that’s that’s pretty much what’s going on so insane though everybody and again it’s sad because every this was this was coin B this was coinbase this was their reaction right and that’s the

Thing for me I like seeing how are people going to how when this happens what are markets going to do I’m going to look at the charts in in just a minute we’re going to look at the charts here talk about Bitcoin what it’s doing

But my my thing that I like especially I think because I’m a maybe I’m a content creator I like this I like to just wait and see what does my X feed look like what do the YouTube videos coming out look like what are people saying how are

They reacting we we’re getting a glimpse of it and it hasn’t even happened yet so it’s a really it’s a really interesting Dynamic for us to be able to see this this is coinbase is organic post coinbase loves ETFs they probably had this ready ready to for weeks and they

They already posted it poor coinbase Jeremy Hogan over here all hype poor guy I was all hype I’m sure a lot of you are excited so that’s the story that’s what’s going on now I I Was preparing the video to discuss the approval when when the you

Know it was unauthorized it’s it’s not approved yet as I do this video but I was getting ready to do the video and I was going to start going through some of these re the reactions and you know Jeff Ross saying now we find out was the spot

Bitcoin ETF approval priced in and that’s what the basis of this this was going to be it was going to be now that we have the news right and look at it like all of these SEC approves all SP spot Bitcoin ETFs what was bitcoin price

Charts going to be doing and was so interesting off of the news right I right when it broke I saw it right when it broke and I I posted it myself and I posted on X right when it broke it was so weird to watch the Bitcoin charts let

Me just go I’m on a 4 hour for context this is a big deal I know a lot of people are just like technical analysis doesn’t work but it works everybody it has worked for years this news event this headline event will be behind us eventually but the the

Charts and for me in particular even this little pattern right here on the 4 Hour this this will have helped me as kind of a guide through this news event and so it was interesting though here’s the triangle that we have is a $50,000 Target an easy target off of this

Bitcoin spot ETF I think and that that was kind of something I talked about in yesterday’s live stream easy target $50,000 and then from that point you know the whole question is it is it going to be different this time right if Bitcoin reached that quick Target the

Question would be now that the news broke if it had broke the question would be is it this is it different this time or will be a typical news event that drives Bitcoin to a a price Target and then it’s just consolidating in such a typical fashion and then maybe even

Consolidating back down sideways or down because remember when we go to bitcoin zoomed out look where Bitcoin is Bitcoin even on the weekly chart that we’re looking at is touching this 618 line of this lower high Fibonacci the bull market High to Bare Market low the retracement back to the 618 line here

This the bull market doors the beginning of the bull market door doers been tracking this a lot lately CU this is this is this is everything to me on the macro we touched the area on the 618 prior to the last 2020 having going back to the 2016 having Bitcoin touched the

Same exact area so right now Bitcoin is is dancing Bitcoin is Dancing with that area from a technical analysis perspective so I’m on the edge of my seats any edge of my seat anyway waiting for Bitcoin to get the Bitcoin spot ETF approval I want to see a run up to

$50,000 Target notice on the zoomed out the the bull market doors here the 618 is below $50,000 so Bitcoin could be breaking into the bull market doors and I’m waiting for that and so this is what we look we’re looking like on the daily but it was it was just

Crazy the news broke I’m thinking the thing was approved and bitcoin price was actually falling this is the 4-Hour chart it was a a kind of a quick little pump to the upside right you can see that there we go on the 15 minute I’m

Just I want to break break down this is what was playing out but um 15minute chart we have this pump to the upside and then boom starts falling and I was like what is going on and I don’t know if it if if the initial reaction was it’s going to pump and then

A bunch of people got just got very quick news that it was not real not supposed to happen today and then it just started falling or I don’t know it happened so quick I don’t know if it was Bitcoin was just starting to fall because the bitcoin’s body T was

Approved so that’s what I’m I I don’t know I I have to really dig into the the exact minutes when the news came out but this is how Bitcoin reacted to this entire event that has just unfolded and it wouldn’t be surprising if Bitcoin just levels off back again just where it

Was already consolidating and it’s just time and time again we get these things right it it wasn’t long ago go what was it I think we had this this fake news event back here right where the the I forget who it was what news outlet but

You all know Bitcoin SP TF likely not going to be approved or something or going to be I forget what the news headline was but look at that boom and look we have another kind of fear event on the short term so it’s absolutely insane what is so ironic and by the way

Everybody 3100 people 3100 people are probably just as disappointed as myself and just as disappointed as everybody else like coinbase who did their ATF post but we have 3100 people in here uh 262 likes come on people help me out a little bit smash that like button if

You’re smash that like button if you’re if you’re still bullish for Bitcoin spot ETF approval tomorrow um so but here’s the thing and this is what’s so ironic about it this I like to I I’d like to be extremely respectful no matter how much I disagree with people administrations

Whoever I’m talking about it’s so crazy to me that this guy Gary gendler he’s absolutely been just attacking crypto right throwing throwing us under the bus while saying that SEC is protecting crypto investors protecting investors right he’s been doing up until this point the opposite we know this he’s

Been doing the opposite because when he’s going after you know the coin bases of the world the SEC suing coinbase and by the way January 17th 8 days away the final showdown the oral arguments in this case this is massive news that is just around the corner right off the

Back of of this Bitcoin spot ETF but my point is this it’s so ironic that the SEC who’s supposed to be protecting investors they’re already been kind of manipulating markets because they’re suing binance or suing coinbase people are just fear ful they don’t know what’s going on they don’t have the regulatory

Clarity and markets people are losing money because of that right just the uncertainty of it all lack of guidance when Gary gendler I say this respectfully PR SEC over there at uh MIT you know was calling algo Rand a great technology talking about algo being a great technology and now it’s now it’s

Being you know it’s an altcoin right apparently a security point is all of that has happened that as crypto holders you are not we’re not happy with but now we’re at this pivotal moment the Bitcoin spot ETF the Bitcoin spot ETF and a fake post or unauthorized post

Wasn’t supposed to happen yet how does sec let that happen because guess what that does just a look what it does again it it moves markets it manipulates markets it does the opposite of protect investors like you have one job finally if you’re going to approve the Bitcoin

Spot ETF there’s one job just like put the post in save drafts and then if you’re going to pull the trigger and approve it press the button to send that when it’s approved that’s like a pretty critical thing when you’re the SEC with this massive account it didn’t happen though it’s

Crazy to me that that that that this played out the way it did and again this live stream I you know didn’t want to be doing a live stream about uh unauthorized Bitcoin spotty ETF approval going out this was this live stream I said it for the Bitcoin spot

ETF approval but here we are I quickly changed the thumbnail on the title and it is what it is I don’t know if it was hacked uh if you’re new here I was just going over Eric over here at Bloomberg ETF analyst um who said the SEC spokesman told

Bloomberg they’re not approved yet maybe someone preann put the prean tweet in one day early because I had I had heard they were going to announce approval at 4 pm. Wednesday so it looks like it and this might not be true this might not be the case but it really does look like

This was this was supposed to be just in drafts ready to go and it got sent early I don’t know I really I really just don’t know um it’s all speculation what’s new in crypto um but somebody that’s great somebody someone in the chat said how do we know that

Gary’s account was not hacked and SEC account was not imagine that SEC the account was re maybe it was approved and and Gary’s oh man just a shame just a shame but not really it is what it is everybody this is C if you’ve been around in crypto this this is how it

Goes it doesn’t even surprise me it’s just really it’s incredible that the SEC the SEC is the one responsible not some hacker out there not some crypto bro just messing with people messing with markets it’s literally the SEC account they they they just I just want

Them to step up dude and just care you know what I’m saying that’s all that’s all I want that’s all I want because this is a huge deal this is Monumental piece of of crypto history Bitcoin history and all this is just messing with with the charts it’s messing with

People’s money and it’s really it’s it really is kind of sad to see that actually you know at the end of the day for me I’m a I’m a long-term person as you know we’re watching the charts we’re watching what’s going on from a macro cycle perspective Bitcoin as you know

And we’re going to keep track on this Bitcoin testing the lower end of the the bull market doors so right now almost doing identical what it has done in previous Cycles so again the question as we go into the next 24 hours now is is it going to be different this time

What’s going to happen now now with all of this weird event happening when the actual news comes out assuming it comes out tomorrow what is going to happen on the Bitcoin charts I think I think people are becoming under under under enthused Maybe underwhelmed by by by bitcoin price

Right now but at the end of the day a lot of people calling for some insane amounts of money to flow into Bitcoin so at the end of the day might not matter what people care about what people think so Gary Cardone just posted this article about hundred billion dollar

Flowing into Bitcoin as the ETF as the ETF clears and that would be a that would just be a massive deal uh obviously for price if that were to happen um I think it I think the article said said 200,000 I’ll open up real quick 200,000 by the

End of 2025 it’s kind of like what they’re talking about if if the doorways open and that and that kind of comes into play so as we’re zoomed in on the 15 minute here and we’re just analyzing and watching how bitcoin price reacts with a ton of inflow getting

Ready to come into play I think it’s better more prudent to just sit on the weekly and maybe answer the bigger questions like is it different this time and that would require Bitcoin to break into the bull market doors and through them for me to be con convinced it is different

This time so that’s what I’m watching but everybody that’s the news today everybody sorry to disappoint you it would have been a a a more fun live stream I’m sure to track the Bitcoin approval and see what charts were doing but really crazy to see how how chart

How price reacted and we’ll continue to to monitor to track um and we’ll see what happens it looks like from what I’m seeing on the side of my screen altcoins really not much affected they weren’t too volatile uh but we’ll continue tracking everything I appreciate each

And every one of you if you’re not a subscriber everybody I would love and appreciate for you to subscribe follow along if you’re on that crypto Journey as well trying to bring that crypto news to you Bitcoin altcoin charts all that good stuff and really trying to grow the

Channel at the end of the day because we’re getting ready to go into a bull market I enjoy it very much tracking my crypto Journey with y’all and it’s going to be fun zoom out is what I would say turn notifications on I will see you in the next video God bless