I’m just going to let the following two “pictures” tell their story and you decide.
The First: The Bitcoin™ ETF (BITO) launched Tuesday was the reason given why, this time, again, Bitcoin was going to “The Moon!” To wit:
The Second: Here is the same Bitcoin ETF and its current price action as I type this, today, at approximately 2:45PM-ish on Friday. Again, to wit:
Maybe it’s me, but I’m not quite sure it’s going in the direction of where “The Moon” is located, or direction all the so-called “experts” were pointing to yesterday. But then again…
What do I know.
© 2021 Mark St.Cyr
Note: This is not trading or investing advice of any sort. This commentary is for “big picture” discussion purposes only. Please read, or re-read the “About This Site” page for any questions or clarifications.