Make sure to not pick pennies up in front of a steamroller 🐂
Ethereum ETF is coming. The behemoth that is BlackRock that really kick started the whole Bitcoin spot ETF rally. BlackRock has now filed for an Ethereum based SpotF ETF. So, we’re looking at that now and on that news that came out, Ethereum absolutely pamped. I mean, look at that. It’s 15% through a crucial level through 2000.
I think this is a nice little pullback zone. We’re going to watch Ethereum where you can find some serious value because we know it’s coming, like Bitcoin. Bitcoin gets approved. Likely the next cab off the rank is an Ethereum ETF. So just keep that in mind, guys. Ethereum absolutely looking gorgeous here.
A quick update on the Bitcoin spot ETF. We’re likely going to hear confirmation by the end of this week. So Friday is likely the sort of the deadline that we’re looking at that this could come as an approval. So. If we don’t see an approval though, we are very, very cautious here that we could see that, that downside move, but we want to be careful we’re not picking pennies up in front of a steamroller when we know it’s likely coming in January.
Whether it be now or January or just a little bit later, it is coming. So those inflows are going to be coming. But right now we just have to take it, take the ball as it lies, and right now it looks pretty good for an approval this week, but again, if it doesn’t happen, it doesn’t happen but I would like to also throw out there that even if there is an approval, this is likely going to be a speculative move higher into the 40, 000s, that’s, that’s my view and then a We’re not going to have these products actually launched until sometime next year.
This still has to go through a little bit of a process before it can launch, but so far so good. A quick shout out for our newsletter signals. It is an additional add on that we do for our newsletter that comes out every single week. But we have levels that are sent to your discord alerts. And I just want to highlight one game that we had this week and there were many, many others.
On there, but we put a breakout level as well. So not only if the levels below that we think of good value and support don’t get hit, we also have a level that’s a little bit higher that if it breaks, we think this crypto is going to just zoom because it has broken through that resistance level. Now in our newsletter signals, we had.
150 for optimism as that breakout level. And since then it is up a pretty wild 26. 7%. Now I’ll just quickly show you what that does look like. So over in discord, we have a separate group in the militant trader that’s called newsletter signals, and you just say, yeah, let’s just. Fire off here. So you can see here bonus by breakout signal coin ticker optimism, activation by price one 50.
So we’ve looked at the charts, we’ve seen the levels and we think if it breaks that then she’s off. So not only do we have you covered on the downside, where we think it’s tremendous value, but also on the upside. So if you’re interested in this guys and your newsletter subscriber, you get that top 10 portfolio as well as the portfolio compositions, you can add the newsletter signals to your arsenal.
So if you’re unsure about that, just click the link below and we can show you how to find it.