Let me ask you one thing:
Do you really believe 'ETF postponed' is that much big issue that can make btc price go that much fast down???
My answer is absolutely "NO"
Then,
Why it goes down so fast?
I do consider current situation as "ETF is already approved and whales want to get as many as coin, before THE ANNOUNCEMENT"
So, the announcement might be delayed as much as possible until whales get enough BTC
Of course there is a time deadline, but it will be in this year.
(Personally I do want "ETF declined", cuz I want to buy 5 BTC with $10K. It will be awsome! :D)
Because of my assumption above, I do recommend you to get into any position with very conservative perspective
let`s look at closer
I count $6,125 as end of wave iii in purple wave.
So, it might go up $6,500~$6,650 and going down to $6,000~$5,950 which is my buy zone.
Frankly speaking, I have very little basis that support $6,000~$5,950 is (short term) bottom.
-psychological level, normal support level, etc...
So, It is okay to just short around $6,500~$6,650 like me or just step back, take break and get into position when you have more information
But, If you have watched my postings in last 3 days, you know I have done very well
(I made nice profit with only long position even if in this bearish market)
Trust me one last time.
May EW be with you :D
Do you really believe 'ETF postponed' is that much big issue that can make btc price go that much fast down???
My answer is absolutely "NO"
Then,
Why it goes down so fast?
I do consider current situation as "ETF is already approved and whales want to get as many as coin, before THE ANNOUNCEMENT"
So, the announcement might be delayed as much as possible until whales get enough BTC
Of course there is a time deadline, but it will be in this year.
(Personally I do want "ETF declined", cuz I want to buy 5 BTC with $10K. It will be awsome! :D)
Because of my assumption above, I do recommend you to get into any position with very conservative perspective
let`s look at closer
So, it might go up $6,500~$6,650 and going down to $6,000~$5,950 which is my buy zone.
Frankly speaking, I have very little basis that support $6,000~$5,950 is (short term) bottom.
-psychological level, normal support level, etc...
So, It is okay to just short around $6,500~$6,650 like me or just step back, take break and get into position when you have more information
But, If you have watched my postings in last 3 days, you know I have done very well
(I made nice profit with only long position even if in this bearish market)
Trust me one last time.
May EW be with you :D