IT IS NOW LIVE!!! GOOD AND BAD NEWS HIT CRYPTO MARKET!

IT IS NOW LIVE!!! GOOD AND BAD NEWS HIT CRYPTO MARKET!

so I have some good news and some bad news the good news is that we officially have the launch of spot Bitcoin and ethereum ETFs in Hong Kong this is officially gone live and this is going to be a great thing for the market in fact there are articles talking about this all over the place one some of the big reasons why this is good not bad is we don’t have things like grayscale sitting there with a bunch of BTC to just be dumping on the market this is kind of a natural accumulation that should take place over time in fact many of the experts abroad are saying that this could be a big big deal because they’re underestimating just like we saw here in the US so this is this is a big deal now where the bad news comes in is this is kind of a a sell the news event in the markets hopefully I’m sure you guys have seen the charts today basically as soon as these went live we saw a market dump go figure further shake out people trying to create some fear and uncertainty in the market and guess what we’re going to we’re going to deal with these things just have to absorb some of this and the funny thing is that the more often these are shaking out the more they’re trying to unnaturally push the price down the less people are getting convinced now we have to wait and see what happens here in terms of BTC and really the rest of the crypto Market to see if this is uh the direction that we’re going to see here in the near term again I’ve said many times I think this fomc meeting that’s coming tomorrow is going to be a lot bigger deal than than what this is but we have so much uncertainty and so much fear in the market right now if there’s a little sentiment of positive news or if there’s some great accumulations day one in terms of some of these spot the spot Bitcoin and ethereum ETFs abroad it wouldn’t surprise me if we do get a little bit of a pump as a market now what I’ll say is we did do a nice tap on top of our our BTC Trend yesterday perfect tap come came back down obviously we got to sell the news event and we’re we’re very much following this formation to a te that means basically bu oh what that would be back here miday or so some sometime around the 13th through the 15th or so we need to make a move one way or the other whether that’s to the downside to kind of test down around this 52k range or if that’s a move back to the upside to try to test some of these resistance levels up here there’s a lot of new things that we’re dealing with as a market early adoption institutional money Enterprises getting into crypto there’s there’s a lot of things taking place that we haven’t dealt with Mark Market Cycles in the past so this is kind of new territory some will say oh we have to dropped because we dropped before well we have dropped amongst the broader crypto Market most assets are still down somewhere between 40 to 60% BTC a little bit less because there’s additional buying pressure hitting BTC there’s been additional demand and that’s still kind of being propped up by some buying throughout the space so I just wanted to share that with everyone that’s kind of what we dealt with it’s exciting that this stuff is now live and we’ll just have to wait to see how much this ramps up over time and how much interest this does in fact push into the market so I appreciate you guys I hope you enjoyed the video video let me know your thoughts below but have a great day I’ll catch you guys in the next one take care

IT IS NOW LIVE!!! GOOD AND BAD NEWS HIT CRYPTO MARKET!

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