All #Bitcoin Spot ETFs might be approved this Friday,
and here's why:
This Friday marks the deadline for the SEC to appeal the Grayscale Bitcoin Spot ETF decision.
If they don't appeal the court's decision, they will have no further options to decline any other Spot Bitcoin ETFs, and thus, they will be forced to approve them all.
So if the SEC doesn't appeal by the end of Friday, we are essentially guaranteed to see all the Spot ETFs approved.
#BTC mid to large sized wallets have gained steam in accumulating coins, adding 71,155 $BTC ($1.95B) in the past 6 weeks alone. The combined holdings of these addresses are within ~90K $BTC (0.59% away) from their 15.29M held in November, 2021
Using the price realized #BTC and drawing trend lines from a cycle bottom to one cycle top after, a potential price target for the next cycle top emerges.
You made profits from the markets but over time your losses grew more than your gains.
Why was that?
Because you were still applying the same straggles for different type of conditions?
Because you were too greedy?
Because you FOMO’d too often?
A new born baby can probably make money in the market.
But the real skill is being able to do that consistently.
Here’s a summary of my game plan for the next bull run:
1. I will slowly accumulate top alts over the next 9-16 months (this is my long term and safest play) 2. If you do decide to FOMO into low caps along the way, have a strict risk management and take profit asap. 3. Wait for $BTC to hit hit an ATH after the halving 4. Take profit aggressively on the way up 5. After taking profits I will set aside only a percentage of those profits for reinvesting into the market.