Huge news coming today the ProShares ETF decision from the SEC
Due to such equilibrium in the market, we need a catalyst like this to give BTC direction.
If the etf is accepted (somehow doubt that) -> margin shorts are sky high so a breakout would give us a massive blast up.
If the etf is denied -> likely to get a sharp degenerate sell off.
If it's delayed, similar to previous.
Also possible to be a non-event like some of the last (market sentiment has been trash the past few months because of all the traders massive losses from the top)
All the other ETF's have been delayed / denied so far.
Link:
www.coindesk.com/sec...itcoin-etf-decision/
Upcoming Dates for #ETF decisions or delays:
1. ProShares ETF - 23rd August 2018
2. Bitwise ETF - 7th September 2018
3. Direxion ETF - 21st September 2018
4. CBOE VanEck / SolidX ETF - 30th September 2018
Due to such equilibrium in the market, we need a catalyst like this to give BTC direction.
If the etf is accepted (somehow doubt that) -> margin shorts are sky high so a breakout would give us a massive blast up.
If the etf is denied -> likely to get a sharp degenerate sell off.
If it's delayed, similar to previous.
Also possible to be a non-event like some of the last (market sentiment has been trash the past few months because of all the traders massive losses from the top)
All the other ETF's have been delayed / denied so far.
Link:
www.coindesk.com/sec...itcoin-etf-decision/
Upcoming Dates for #ETF decisions or delays:
1. ProShares ETF - 23rd August 2018
2. Bitwise ETF - 7th September 2018
3. Direxion ETF - 21st September 2018
4. CBOE VanEck / SolidX ETF - 30th September 2018