Hi fellow traders.
I wanted to publish this chart for all those newer traders out there to offer up something easy to follow and to share some thoughts that can be discussed.
My guess is that the SEC won´t approve the Winklevoss´ETF.
This latest bull trend may have been feeding off the ETF news and once we get the news on or before the 11th I see BTC dropping rapidly to the 1,000 usd mark, or possibly lower if things get crazy, as often is the case in cryptolandia :-)
Until then if could get choppy, up & down, up & down, while the bulls fight the bears.
The all time high of 1,222 usd is a level to watch out for the bulls & the bears want to break the 1,130 usd level to push prices down more.
Of course, one needs to look at the option of the complete opposite happening, which is a possibility, but my money is on the disapproval of the ETF.
What are your thoughts on this?
"Yes" for disapproval.
"No" for approval.
If you would like more simple charts like this let me know.
Safe trading & peace.
I wanted to publish this chart for all those newer traders out there to offer up something easy to follow and to share some thoughts that can be discussed.
My guess is that the SEC won´t approve the Winklevoss´ETF.
This latest bull trend may have been feeding off the ETF news and once we get the news on or before the 11th I see BTC dropping rapidly to the 1,000 usd mark, or possibly lower if things get crazy, as often is the case in cryptolandia :-)
Until then if could get choppy, up & down, up & down, while the bulls fight the bears.
The all time high of 1,222 usd is a level to watch out for the bulls & the bears want to break the 1,130 usd level to push prices down more.
Of course, one needs to look at the option of the complete opposite happening, which is a possibility, but my money is on the disapproval of the ETF.
What are your thoughts on this?
"Yes" for disapproval.
"No" for approval.
If you would like more simple charts like this let me know.
Safe trading & peace.