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So we finally got the spot Bitcoin ETF approved yesterday and Bitcoin did what it did not so much honestly we saw some volatility towards the up and to the downside however we didn’t see a crazy $110,000 candle or anything like that in fact what we’re seeing right now is

Bitcoin going down so is this whole Bitcoin ETF thing just a major flop today I’m going to talk about why everyone are wrong about the spot Bitcoin ETF and what you need to pay attention to right now and also I am going to talk about why ethereum is

Going up right now I’m going to talk about everything you need to know if you are at all involved in the crypto space guys so make sure to stick around from the beginning until the end of this video Welcome Back everybody my name is Chris bringing you cryptocurrency videos

Every day teaching you how to make money in this market if you’re new to the channel then make sure to subscribe and activate the Bell right now so let’s get straight into it guys and yesterday we finally did see the spot Bitcoin ETF being approved now there was a lot of

Confusion which is understandable because throughout the last few weeks really you have had a couple of different things happening you had first that report about uh the ETFs all being denied so you had a massive drop for Bitcoin boom you had a massive massive drop for Bitcoin and then you had some

More good news saying that yeah we are going to get it approved and then nothing happened and then we were waiting and then they said Monday and then they said Tuesday and then finally on Wednesday we did see the ETF being approved however before then obviously we had the sec’s official Twitter

Account coming out and saying that the spot Bitcoin ETF was approved two days prior to that so you just had a lot of drama so when the ETF actually was approved and I will talk about how this happened uh a lot of people were still very very confused so the first thing

That came out actually was uh the biggest proof and that was that the CBOE actually came out with a statement saying that the Bitcoin spot ETF was going to begin tomorrow so that was the uh because the ETFs are actually going to be traded on CBOE so that was huge

That they came out and and said that and also what you then saw is a couple of hours later you saw this post from the SEC themselves order granting accelerated approval it’s over thank God however after that the website went down and so the statement was removed so

Again there was confusion was this a hack what is going on is it approved or not so that is why you saw these swings you know to the up and to the downside but yeah at this point it is pretty much confirm that the S has

Actually voted yes in fact if you look at the senators or the Commissioners here that voted you can see that Gensler approved it Pierce approved the spot Bitcoin ETF which we uh which we were expecting aeda approved it as well there were two uh Commissioners from the SEC

That denied it khaw and litar Raga and it would only take one of these other people to also not approve it for the ETF to be denied so really it was in the end in Gary gensler’s hands here and he voted to approve it and I think he

Didn’t want that drama because if they wouldn’t approve this one right now uh then they would had a lot of L La suits and also the pressure from Black Rock obviously so there was no alternative then to approve this ETF at this point just like we’ve been expecting and now

We are finally seeing that and now it’s all eyes on the actual trading to begin happening today so that is what everyone are going to be watching now but let’s not get ahead of ourselves let’s look at the price action here first and what we

Can see if we zoom out is that my orange line here at $47,000 in the end of all of this this has h held strong and we weren’t able to break through this and close Above This level now why didn’t we see more dramatic action here like a

$10,000 pump well what I said guys and um I said this in couple of videos previously but especially yesterday as well I think that the drops that we have had here uh first from 44 down to $40,000 when the uh report came out that the ETFs were denied this flushed out

Most of the leverage in the market so the people that going to sell on the news they got wiped out here and then some of them bought back but most of them didn’t and then when you saw the sec’s account get hacked you saw another big drop sorry this was actually the

Drop with the report coming out but this was the drop where you saw the SEC come out and say that it was approved and here more people got wiped out so really we already had massive liquidation events you already had massive events wiping out and all the people that were

Going to sell they probably sold here on the um on the actual announcement of the spot Bitcoin ETF being approved by the SEC which turned out to be fake so you had so much swings already so when it actually finally happened a lot of people were still confused whether it

Was real or not and so that kind of dampened the volatility which is absolutely fantastic this was the best scenario in my opinion I didn’t want as you know I didn’t want a candle to you know $55,000 or $52,000 I did not want to see that this

Is the best scenario and now just like I’ve been saying guys do not overestimate the first few days here and do not overestimate the effect on the date of the actual approval which happened yesterday but also do not underestimate the effect that the ETF is

Going to have over time what I mean by that is this is all about the long term what this ETF is going to do it is going to add long-term buying pressure for Bitcoin imagining bil millions of dollars being bought for Bitcoin over a prolonged period of time that is the key

Here guys that is what is going to push the Bitcoin price higher so do not be surprised guys if we see some downside here we see some obviously this is going to be influenced by by whatever data comes out about the inflows to the ETF and whatnot because people are going to

Try to speculate on this but over time guys I am very certain that Bitcoin is going to go up over time so this this is the same thing I’ve been planning for for several years already guys as you know you all obviously know about this chart which uh I laid out yeah several

Years ago talking about what I am expecting for the Bitcoin Market moving forward this is on the weekly time frame so so far everything has been going absolutely fantastic and this green line is the having and I said that inside of this teal box is where you are going to

See uh from a risk to reward standpoint the most amount of gains actually so and so far this has come true so I will continue to update you hey let me know if you saw this strategy video I posted I think it’s one and a half years ago

Right now let me know down in the comment section if you are a true OG so what we need to do right now is we need to keep our eyes on the support and resistance levels right here these are going to be absolutely vital H for Bitcoin moving forward although I am

Bullish I’m telling you that I think Bitcoin is over time going to go up but expect some volatility especially as the spot Bitcoin ETF H is going to begin trading potentially today if everything goes as planned it is going to start trading today so that is absolutely

Fantastic as well um and also I will talk about the next thing we need to focus on right now and that is ethereum because as soon as the spot Bitcoin ETF was approved ethereum saw a massive pump here because the next trade is for ethereum and if we look at the next

Major thing uh let me show you right here these are the dates and guys let us catch our breath a little bit this has been so it has been pretty hectic you know talking about the ETF this and that is going to happen is not going to happen what is going to happen

All the different scenarios now let’s catch our breath a little bit and then we do the same thing for ethereum because the the approval date for ethereum is the 23rd of May so this is going to be the next major thing and this is why ethereum is pumping right

Now so we still have some more time left but yeah this is going to be the next Saga to continue on it’s not going to be as big as for Bitcoin but it is still going to be something that we need to keep our eyes on and we are going to

Continue to track here as for my own strategy guys you know about it already I’ve been laying it out for for many many years months weeks I am doing exactly the same thing as I’ve been doing I’m letting my spot positions lay I am having those bags ready when I

Think that we are at a top I am going to take profit on that and I’m going to let you know as well apart from that my trading strategies are having a massive like this was super good the volatility we’re seeing right now is super good for

My trading strategies you can see all of them right now are actually approaching 200% even these ones are right now at 225% in profit here which is absolutely fantastic and I do have some data guys for everyone uh first on okx I have data that over $2 million worth of usdt has

Been um has been made by everyone that have been using my settings here so massive congratulations to you on bitet for everyone this is why it’s so beautiful because you can just as long as you manage risk you add more margin you believe Bitcoin and ethereum is

Going to go up you just let the Bots do its thing you don’t care about ETFs you do not care about this and that volatility just let the Bots do their thing and you make some profit right now in profits on my main account $250,000 for my subscribers

$72,000 in current profit so that is more than what is that $350,000 in Profit just on the people that are using these ones right now and I have some numbers guys that if you take the total all of the people that have also closed their Bots but the

Profits they have made when they close their Bots it is more than $500,000 in profits all in all we have made more than $2.5 million collectively and I’m not even even counting my own profit which is $5 and always uh also $50,000 right here so all in all we are creeping up towards

$3 million in profit using these strategies which is absolutely insane guys uh so massive congratulations to everyone using these ones but this is why I’m telling you this is why I love this strategy because you can just you know let them do their thing you don’t have to stress about these other things

As long as you manage risk and make no mistake it is risky to use these strategies unless you are aware of the risk and how to mitigate them and handle them for me it’s a better strategy than to just jump into trades back and forth

Back and forth I do TR I do like to uh trade specific levels as you know as I’m sharing on my channel as well but overall this has been so so profitable to use these ones so far and finally I want to say that um the 21 shares

Co-founder has the same kind of idea as I do like do not overestimate the ETF short term but do not underestimate it long-term either it’s all about the longterm so be prepared for that overall guys it is being a very it has been a very exciting couple of weeks now we

Need to catch our breath a little bit and prepare for the uh next major things that are going to happen for for crypto um one major thing though is that I think that all alt coins are primed when the ETF uh or when the ethereum ETF narrative really starts to to go nuts

Here which is going to happen very very soon then altcoins are going to uh have massive massive pumps as well so it’s all about the altcoins guys moving forward as you know and uh I am going to share all of my topics with you as well

I will share the pcks I think are going to do extremely well where I think that you can make a lot of money as well I’m sharing everything with you here on my channel in fact let me show you some of my top coins right now which you already

Know if you’ve been watching my previous videos as you know the alt coins that I have been talking about is Avalanche polygon cify and Merit Circle and I think that all of these ones are going to do really really well cify has been a little bit undervalued recently in my

Opinion I think that this one is going to do as altcoins really start to take off there’s going to be more demand for launchpads as well Merit Circle really really good coin as well this is the same as Beam by the way so you can buy beam which is available on binance but

Cify I think is going to do really really well Avalanche has already done extremely well as well polygon is a little bit of a sleeper ethereum I’m think I mean this there’s a reason why I added ethereum here the whole ETF narrative is going to going to really

Take off here as well moving forward but guys that is what I got for you thank you so much for watching this video and I will see you in the next one