I had been expecting a little hype surrounding the ETF decisions, and this hype would have at least supported the market. The SEC delayed the CBOE and SolidX ETF decision until September. The market is actually trading logically which is rare, rather than holding out hope for approval, it is treating this as a rejection.
I still believe an ETF approval is highly unlikely.
EOS below $6
EOS has fallen below $6 triggering one of my alerts.
If the market gets ugly and I see EOS at $4, I may be buying me some more. I already own quite a bit, so I am not buying at $5.88, because it could easily have more downside.
Let's see how ugly it gets
For me, until we have resumed into a bull market, I am fine to just wait and see how ugly this might get. The 6k level looks like it could be tested in the coming week/weeks. If this level wants to break, we could see the actual bottom... this type of capitulation would give me more confidence in the market. There are certain projects I am interested in looking at if they go low enough.
If BTC just wants to hold the line at 5,800, then basically I believe this is bad. It means we get bored and wait for a recovery of the market over more months.
Published on
by crypto-investor
