Losing your cool as the sweat drips down your trembling spine faster than the BTC price on a cold dark winter’s night like tonight? It’s what traders want. You just don’t know it. We are the fish! Smart money is feeding us, chum we are.
In Canada, at least, were the Purpose Bitcoin ETF BTCC was born and trades, the bulls are headstrong and moving upwards. The dip is for buying, not for shaking fists at and crying to mommy. ETH ETH 3iQ (ETHQ.U) continue to buy irrelevant of the price swings, and no matter how many new ATH’s are hit along the way.
The rest of the ETF’s, spot and futures backed the same are HODLing strong as well, even if they’re not actively buying the dips.
I’ve said it once, yeah, and maybe only twice. I have only been writing articles for a few weeks now… sheeez! Give me a break, you know. ;) “Volatility is our friend.” Gerry say’s it in an infinite loop below. I’ll just say it again. “Volatility is our friend.” Four times now, high five!
If we’re trading in this market, we gotta learn to love the wild swings. Open Interest — the total number of open future swaps being actively held by traders across exchanges — is growing again after the major liquidation event that took BTC down from it’s 69k all-time high close to 40k back at the start of the month. Traders are getting frenzied again, waiting for the rocket launch to plan B’s 100k+price November / December end of year targets.
With only days left to get there, expect gravity to get the best of us. Be ready to buy the dips! Set your buy orders, and go do something fun. It’s the holiday season, after all. A time for joy, not sorrows!
My BUY limit targets. Heading straight for the sun!
Perhaps the most bullish ointment I can offer you to help calm a little red candle rash is that Bitcoin BTC Mid to Long-term holders continue to HODL. Like sand in a hourglass, 3–6 month and lower bands are simply running out of time.
More from Gary Gensler’s Crypto MIT course at https://www.youtube.com/playlist?list=PLUl4u3cNGP63UUkfL0onkxF6MYgVa04Fn
More from me at
- https://mirror.xyz/0x48e1A84CBcAB14ADe9086A4e0812D82f56d3d3C1/
- https://medium.com/@calmrat
- https://twitter.com/calmrat
Trading bonuses and more at…
- Crypto.com — https://crypto.com/exch/v4n3pauckj
- Binance — https://accounts.binance.com/en/register?ref=346510770
- Bybit — https://www.bybit.com/en-US/invite?ref=EKJRL
- FTX — https://ftx.com/profile#a=60256726
My ideas and opinions are that alone. Mine. Trading *is* risky and *most* traders lose. Trade at your own risk.