ETF Approval Week

Expect Crazier Price Action

Author

Alpha 12 Team
January 09, 2024

Market Overview:

The crypto market dumped on January 3rd, liquidating many out of their positions. This price action was nothing more than BlackRock wanting you to sell your bags to them so they could get a better entry.

  • If you’re a regular follower of Alpha 12, we will tell you when a nuke is an exit signal or just noise. In this case, it was noise, as proven by the immediate rebound, which we called in our previous edition.

  • January 8th, on the other hand, saw BTC pumping all the way to the $47K level, clearing out all liquidations, as we called in last week’s edition.

  • Probabilistically speaking, the BTC ETF approval is already priced in over the very short term.

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