Hey everyone, Bitcoin has once again proved why the ETF will not be approved. It is manipulated as !@#$. Right now, I recommend you to start entering your short positions. I managed to get short at 7k with an average of 6820 so far. When the ETF gets denied tomorrow we will be sitting in a good spot.
My recommendation:
Go short from 6.7k all the way to 7.1k. This is a very big trade with a take profit below 6k. We will now be continuing our downtrend. This move was not natural, it was done by the market manipulators who are the real winners. I fully expect a big dump tomorrow when the ETF gets denied.
Take profit:
5.4k
Stop Loss:
Hold off for now, too volatile. You will likely get stopped out.