WAS THIS ALL JUST A HYPE? ETF REJECTED? - CryptoManiac101
Updated
Bitcoin rejected resistance yesterday and started short term correction with everyone quickly finding an excuse or reason for it's downward movement by saying that Winklevoss's ETF rejection was the cause. Ok... but how about we connect the dots and clarify a few things here... ?
Winklevoss filed ETF application 2 times. This was their second attempt... Of course they will most likely get denied second time if they had issues on their first attempt. They are not high profile applicants and have no connection to the decision of other requests.
Source - coindesk.com/winklevoss-brothers-bitcoin-etf-rejected-by-sec-for-second-time/
Just to conclude this, I would like to add that of course after CNBC, Forbes and other so called 'High Profile' news outlets chose to give this event the most coverage there is, we did see a more sudden price movement. If this does not show that media is trying to manipulate cryptocurrency market, then I do not know what does. I cannot wait until day when Bitcoin separates itself from manipulation and becomes immune to it. Little birdy tells me that it will happen very soon :)
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.
Winklevoss filed ETF application 2 times. This was their second attempt... Of course they will most likely get denied second time if they had issues on their first attempt. They are not high profile applicants and have no connection to the decision of other requests.
Source - coindesk.com/winklevoss-brothers-bitcoin-etf-rejected-by-sec-for-second-time/
Just to conclude this, I would like to add that of course after CNBC, Forbes and other so called 'High Profile' news outlets chose to give this event the most coverage there is, we did see a more sudden price movement. If this does not show that media is trying to manipulate cryptocurrency market, then I do not know what does. I cannot wait until day when Bitcoin separates itself from manipulation and becomes immune to it. Little birdy tells me that it will happen very soon :)
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.
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If you're hands are itching to sell your positions, I suggest closing your exchange window.Note
Forgot to mention that $7,800 - $7,850 support is also very crucial in this tradeNote
Perfect bounce, let's see if we have a breakoutNote
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