9 ETFs got rejected and BTC did hold the selling pressure like a monster. Shorts at their peak right now, how long will they hold till they get squeezed? Bakkt the physically backed Bitcoin futures owned by ICE it's going to launch on November (pending approval). Let the big players come back from their vacations... September is near, new ATH is closer than you think =)
ETF was priced in, it means nothing. When something fails 5 times, the 6th 7th and 8th time is still going to fail. Shorts at their peak is pretty interesting however. I really think bitcoin is heading down to complete C wave at 5100, but the longer this plays out the less likely it is. But if you think ATH is near, dont be fooled.
DeusNovac
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@alexkostoff, you're right about that, the more we touch the support and the more likely we are going to see lower lows. However, I don't see this happening, because capitulation was passed and what you now see it's the "suckers rally". So I'm in with proper stop loss at $6,000 let's see how it turns out and of course good luck man :)