Everyone is expecting massive denial this upcoming Monday over 9 ETF's that were disapproved earlier last month. What makes it different now? Well how about the fact that they decided to take time to review them? Does it not signal that they just needed more time to consider it and only way to do that was disapprove them and then move them into pending review stage nearly days after it? I am not trying to signal to anyone that we will get any of them approved this time, but analyzing this situation something doesn't make sense. For one, why would they even review them again?
With that said we must wait until November 5 now to get more clarification.
Enjoy this trade advice my Crypto Maniacs, but remember to invest only what you can afford to lose or you're going right back to poverty on drop. We are not your financial advisors.
I think there are already big players buying BTC. Think with me. If you are a whale because you would warn about your plans before you have all the cards up your sleeve. They know that once they approve the BTC, it goes up to 10k minimum. I am sure that when it is approved they will already have many BTCs in hand. I suspect this has already begun. For some time the market has been lateralized. What do you think?
CryptoManiac101
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@eduardokaykedasilva, Market is artificially controlled. Price is at least 4 times what it is today
CryptoManiac101, could you do a XLM/BTC analysis? I will appreciate it a lot, thank you very much!!!
VisionCodeX
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Just remember, even if the SEC approves an ETF it doesn't mean this will be a positive catalyst (sure a short-term bounce might happen do to FOMO), long-term - in the same way that Futures didnt.
The real story:
WBM_Team
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As usual thanks for the analysis. We can see now 3 possible scenarios in the near future
I think there are already big players buying BTC. Think with me. If you are a whale because you would warn about your plans before you have all the cards up your sleeve. They know that once they approve the BTC, it goes up to 10k minimum. I am sure that when it is approved they will already have many BTCs in hand. I suspect this has already begun. For some time the market has been lateralized. What do you think?