We saw a huge drop on bitcoin after the ETF news down 15% ๏ฟผ
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Good morning gurus welcome to another episode hope you’re having a beautiful day Bitcoin dropped massively yesterday after the ETF ETF announcement Bitcoin has gone from 48,000 to 41,500 we’re going to jump into the chart see what’s going to happen to bitcoin if you’ve been watching my videos if you don’t
Know who I am I’m James I’ve been trading for 23 years I’ve been making these daily videos for 4 years tracking Bitcoin ethereum stocks and cryptos and I’m heavily in invested in Bitcoin ethereum MC fxs Unis swap BNB cubic um and some other old coins and in
Stocks Tesla bit uh Tesla Google meta TSM you have to do your own due diligence I’m showing you what I do in the markets and what I do with my money and my trade you have to make your own decisions consult your Brokers and do your own research hit the Subscribe
Button Smash Up Thumbs Up Button turn on the Bell let’s jump into the technicals for Bitcoin now first we’ll go check my trade my Bitcoin trade was $108,000 in the profits yesterday now back down to 66,800 from $108,000 profits to 66762 so it’s a on on a money side of
Things it was a $42,000 drop on my Bitcoin trade unfortunately this account 510,000 yesterday was hitting 580,000 590,000 so about 80k drop to that account on this Bitcoin drop this we’re going into technicals for Bitcoin and you can see Bitcoin fell from this high of 49,000 on the announcement of the ETF
Bitcoin reached the high of 49,000 54 and then just huge sell off after that announcement from 49 all the way to 41,00 and then bouncing back um it’s still making Bitcoin is still making higher lows higher highs sorry higher highs you can see that it was higher each time the chart is going
Up it’s higher highest volume is also in increasing volume predicts price and we’re having some of the biggest volume in a very long time on bitcoin stochastic fully reset after that drop let’s go on the weekly and see what the indicator Bots are telling us you get these indicator bots in the crypto
Master course number two in the description crypto Guru bot still saying blue buy hasn’t fired a red sell fired the blue buy down on the bottom in the beginning of the year Bitcoin indicator bot fired a sell unfortunately it did this before as well when we had that big
Drop here it also fired a sell and then on the and then after it recovered it took away the cell let’s see if this cell on the indicator bot recovers um we need a pump out of we need to remove that hammer candle daily stochastic turning up very oversold volume massive
Um strong major area of support the real support area now is at 41,5 that’s really an area of major support because that’s where Bitcoin bounced I would take a long from there why because this selloff news that was it took a long time to build up this
Pressure on the ETF news then it sold off but the real ETF money is going to take time to be flowing into Bitcoin I would take along from this blue major area of support if it comes back down there I’m going to add more to my Bitcoin trade um that’s the trade I
Would take on bitcoin Target 60k is still in play why because when we zoom out I still see that this is my Elliot wave count from the first impulse waves we had first wave 0 to1 1 to2 corrective second to third the biggest of the impulse wave corrective fourth to fifth
Then ABC correction now we’ve started the new Elliot wave count 0 to one impulse first to second corrective now we’re on the second to third largest of the impulse waves that I believe takes us to 60k we get very worried if this support at 41,5 breaks though it will not be good
For Bitcoin if that support breaks we really need to get a bounce here and a strong continuation that’s a trade I would take on bitcoin opening at 41,00 341 stop loss $ 4,974 take profit 60k risk toward 50 risking $366 to make $1,610 with no leverage with 10x leverage
$180,000 profits 186 with 100x leverage 1.8 million this is the trade I would take on bitcoin and I’m going to add more to my trade at 41341 my Bitcoin trade is currently $66,000 in the profits again down from $108,000 on the announcement of the ETF so I should have sold the news remember
Everyone I always been saying this I said it during the the um the Doge pump to 075 on Elon mus on Saturday night life that it always it always works even on an ETF it works buy the rumor and sell before the news always works buy
The rumor sell the news and in this case if I had done that again it would have saved my trade from 108,000 down to 65,000 so I would have saved around 45 almost 55 $53,000 I would have added to this account by selling the buying the rumor
And selling the news um but again I’m going to add more to my trade at 41,321 th000 actually let’s see how it reacts first let’s see if it can actually hold and get a bounce back we need that bounce back so this account 58,000 Bitcoin trade 65,000 Bitcoin funding fee
0.01 um $65,000 in the profits if you want to trade like you’re seeing me do underneath the video go down underneath the video down below um you’ll see under the video one is the exchanges that I trade on and bit gives you a $30,000 bonus when you use this link to bit one
Is the exchanges two is the courses where you learn all this three is join us in the telegram there’s 9,000 of you trading together um so the Bitcoin ETF trade went to 48k plus now DS past 43k it is the 2004 gold trade if Bitcoin ETF
Trade was 2004 gold trade first we pump a little bit around he said this 5 days ago around 48k and then we dumped to 41k and then a long rally to 177k check the charts way this is on the gold ETF announcement so there’s a um the first ETF announce then dump and
Then long pump on Gold for a very long time let’s see if this also happens to bitcoin after the ETF announcement I’m going to see how Bitcoin reacts off that 41k if it bounces off very strong if it comes down there I will add more to my
Bitcoin position on my trade and lad up my position on this big pullback because it’s such a strong pullback almost 15% in 2 days on buy the rumor sell the news hit the Subscribe button Smash Up Thumbs Up Button turn on the Bell let me know
Down below if you sold the news before the announcement of the ETF or if youve hold on this pullback and I will try to add more if we bounce very strongly of that 41,000 area I will add more to my seven Bitcoin trade love you all have
And plus in that account I also have two more Bitcoin two and a half Bitcoin so it’s more like around 10 Bitcoin in that account love you all have an amazing day and I’ll see you all again tomorrow
13 Comments
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Bybit Giveaway ๐๐๐๐๐
lets go $33K ,
Slow down talking to fast
Thank you James..
35k incoming
Hmm. I think it's definitely a lesson learned .
Let's go 35000
Go short ๐ธ๐ธ๐ธ๐ธ๐ธ๐ธ๐ธ๐ธ๐ธ๐ธ๐ธ๐ธ๐ธ๐ธ๐ธ๐๐
Sell bitcoins musk gone sel 1,3 billion bitcoins.Nobody working canโt buy expensive EV cats he sell๐๐๐๐๐๐๐๐๐๐๐๐ a liability nothing els๐๐๐๐๐๐๐๐๐๐๐๐๐๐๐๐๐๐๐๐
Do you even take shorts or you always wait for longs?
Sell everything
Thank you, James! ๐