Last night Cointelegraph dropped a tweet claiming that a BTC ETF was approved by the SEC which caused a massive spike in price action seeing bitcoin move over 10% with in a few hours, how ever we quickly got reset once the news actually broke as being fake and cointelegraph released a statement explaining there mishap.
So what to make of this move? Honestly sometimes these moves are super hard to digest but I often find it better to let the dust settle and playing it safe if you don’t already have a clear game plane. That could have just been the liquidity grab we where waiting for into that supply block to then see us get dragged lower maybe even off the back of the BTC ETF getting pushed back again.
I still have my sights set on 20k as this move really has created the perfect right shoulder in this higher time frame H&S which if the neckline is retested we may see that continuation downwards we are waiting for.
Last night Cointelegraph dropped a tweet claiming that a BTC ETF was approved by the SEC which caused a massive spike in price action seeing bitcoin move over 10% with in a few hours, how ever we quickly got reset once the news actually broke as being fake and cointelegraph released a statement explaining there mishap.
So what to make of this move? Honestly sometimes these moves are super hard to digest but I often find it better to let the dust settle and playing it safe if you don’t already have a clear game plane. That could have just been the liquidity grab we where waiting for into that supply block to then see us get dragged lower maybe even off the back of the BTC ETF getting pushed back again.
I still have my sights set on 20k as this move really has created the perfect right shoulder in this higher time frame H&S which if the neckline is retested we may see that continuation downwards we are waiting for.