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KTS Bot Trade
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Bullish#ETF #bitcoin is about to launch and so is the bull market.
The market can sometimes be 'manipulated' or influenced by sentiment. This sentiment can change quickly.
Will the news about #Grayscale drive the market up? 👇
Today Bitcoin has surged to nearly $28,000 with many positive news.
Summary:
Grayscale wins the lawsuit #SEC , may convert Bitcoin funds into ETF.
- Grayscale wins the lawsuit against the SEC, giving them the opportunity to adjust their GBTC product into an ETF.
- X applies for a license to accept payments in cryptocurrency.
- DCG (the parent company of Grayscale) signs an agreement with creditors.
- Binance is back in operation in Belgium.
Many concerns have been alleviated, as Binance and DCG were previously haunted by fear. A lot of joy and motivation has returned as hopes for a Bitcoin ETF rise with this news.
Does that mean we will have a Bitcoin ETF this week? I don’t think so, but in 2023? Yes, very likely.
There is a high possibility that we will soon see Ethereum ETFs based on futures approved.
What will the market look like? The lowest point may have passed, as Bitcoin remains above the 200-week EMA.
Bitcoin dominates as people are more interested in it than altcoins.
That is normal.
Approach:
1 - Bitcoin moves first in a volatile manner.
2 - Bitcoin slightly corrects/stabilizes.
3 - When Bitcoin surges, altcoins will follow, from Ethereum to XRP and others. The transfer of profits.
The approach is very simple, just buy every time Bitcoin drops 20-40% over the next two years and you will succeed.
The market can sometimes be 'manipulated' or influenced by sentiment. This sentiment can change quickly.
Will the news about #Grayscale drive the market up? 👇
Today Bitcoin has surged to nearly $28,000 with many positive news.
Summary:
Grayscale wins the lawsuit #SEC , may convert Bitcoin funds into ETF.
- Grayscale wins the lawsuit against the SEC, giving them the opportunity to adjust their GBTC product into an ETF.
- X applies for a license to accept payments in cryptocurrency.
- DCG (the parent company of Grayscale) signs an agreement with creditors.
- Binance is back in operation in Belgium.
Many concerns have been alleviated, as Binance and DCG were previously haunted by fear. A lot of joy and motivation has returned as hopes for a Bitcoin ETF rise with this news.
Does that mean we will have a Bitcoin ETF this week? I don’t think so, but in 2023? Yes, very likely.
There is a high possibility that we will soon see Ethereum ETFs based on futures approved.
What will the market look like? The lowest point may have passed, as Bitcoin remains above the 200-week EMA.
Bitcoin dominates as people are more interested in it than altcoins.
That is normal.
Approach:
1 - Bitcoin moves first in a volatile manner.
2 - Bitcoin slightly corrects/stabilizes.
3 - When Bitcoin surges, altcoins will follow, from Ethereum to XRP and others. The transfer of profits.
The approach is very simple, just buy every time Bitcoin drops 20-40% over the next two years and you will succeed.