Just levels I drew on the daily a few days ago. Almost wicked the first resistance area. Just want to see how this plays out. More of journal entry here
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My concern is that CBOE futures close on Sept 19th and the CME close on the 28th. Also, the VanEck-SolidX Bitcoin ETF was postponed on Aug 7th with the new decision date scheduled for Sept 30th. They are able to ask for I believe 2 more extensions totaling ~150 days (i think 1 more 60day and one 90 day; this puts the absolute decision to end of February.
With that being said, I could see them requesting another extension (conveniently) around the Sept 19th CBOE futures close. This could trigger another big dump. So, that's the major thing I'm watching and cautious about
With that being said, I could see them requesting another extension (conveniently) around the Sept 19th CBOE futures close. This could trigger another big dump. So, that's the major thing I'm watching and cautious about