Short

Bearish Bitcoin (XBTUSD, BTCUSD) (Short)

Updated

Whats up Guys,

Explanation on the chart

Ten Likes and I will update the chart
Intelligent disagreement welcome
Good Luck - See you on the trading floors

#Crypto #BTC #cryptocurrency #forex #BTCUSD #XBTUSD #BTCUSDT #XBTUSDT

-Nix

Comment

coindesk.com/sec-faces-thursday-deadline-for-proshares-bitcoin-etf-decision/

another ETF (likely) to be rejected, but it could get through - since it based on just futures markets and not ACTUAL holdings of Bitcoin.

However, with the Winkelvoss ETF rejection, the SEC really did set a clear roadmap as to HOW an ETF will get through approval process.

Comment

cnbc.com/video/2018/07/26/sec-rejects-winklevoss-bitcoin-etf-proposal-for-the-second-time.html

Order cancelled

Were going to keep a close eye on this ETF status. Im shifting my position to neutral for the short term.

Comment

My fear is with the futures ETF approval - could cause a short term price spike, in which the price would like resettle and I would have to create a new chart.

I do not believe that this pending ETF review by the SEC will cause this Bear market to turn into a Bull - but it could cause some wild short term volatility and i dont want to be in a position until the dust settles.

The hardest money i ever made was the money i didnt lose.

You want to be a successful trader, learning how to NOT lose is more important than learning how to win.

Know what you DONT know.

WillNixTrading

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