> ETF expected to be approved Wednesday
> Trading expected to start Thursday / Friday
> SEC expected to approve "a handful" of applications at once
#BTC
#BTC
5 Phases of The Bitcoin Halving
1. Pre-Halving period
Just over 100 days remain until the Bitcoin Halving in April 2024
Historically, any deeper retraces that occur during this period tend to generate fantastic Return On Investment for investors in the several months after the Halving
Could this retrace be a result of hype and speculation surrounding the Bitcoin ETF finally being resolved?
That means a deeper retrace could occur within the upcoming two months or so, between now and early March
This upcoming two month period will be crucial as any retrace during this period will likely represent the final bargain-buying opportunity for Bitcoin
2. Pre-Halving rally
Then ~60 days before the Halving, a Pre-Halving rally tends to occur (light blue)
In anticipation of the Halving, investors "Buy the Hype" in an effort to "Sell the News"
Short-term traders and speculators "Buy The Hype" several weeks before the Halving in anticipation of making a profit from this hype-fuelled rally
Then these speculators "Sell The News" to realise that profit, contributing to a Pre-Halving retrace which occurs only a handful of weeks before the Halving event itself
3. Pre-Halving retrace
A Pre-Halving retrace tends to occur around the Halving event itself (dark blue circle)
In 2016, this Pre-Halving retrace was -38% deep
In 2020, this Pre-Halving retrace was -20% deep
This Pre-Halving retrace can last multiple weeks, making investors question whether the Halving was a bullish catalyst on price after all
4. Re-Accumulation
The Pre-Halving retrace is followed by multi-month re-accumulation (red)
Many investors get shaken-out in this stage due to boredom, impatience, and disappointment with lack of major results in their BTC investment in the immediate aftermath of the Halving
5. Parabolic Uptrend
Once Bitcoin breaks out from the re-accumulation area breakout into the parabolic uptrend (green)
It is during this phase Bitcoin experiences accelerated growth on its way to new All Time Highs
$BTC #Crypto #Bitcoin
Look up, @elonmusk, there's an intelligence connection.
Jimmy Wales is on board of NewsGuard, the top gargoyle crushing ad revenue of alternative news in the censorship industry.
On board w/ Wales are heads of CIA, NSA, 4-star general, DHS, GEC & NATO.
https://t.co/ql9qwDFXJl
#Binance is the first exchange in the world to secure an Operational MVP License from Dubai's Virtual Assets Regulatory Authority (VARA).
https://t.co/wsQ8aOwNBL
Two completely different experiences with $BTC @ 30k
1st time around = did not flip 30k resistance, swift rejection back down
2nd time around = flipped 30k resistance to support, consolidating on support for weeks, spot ETF + 7 other strong narratives this time
Weekends should be a time for traders to sharpen their skills.
Use the weekend to:
- Go through past trading week
- identity all the mistakes you made
- identify the setups that were profitable and the ones that weren’t
- identify your game plan vs your actual trades
- basically journal/ reflect your past week
- prepare for upcoming trading week