Lol the first round of ETF rejections (the one by the Winklevoss Brothers) already played out as I expected here:
https://bitcointalk.org/index.php?topic=4741677.msg42879165#msg42879165Big red candle, followed by a big green dildo candle a couple of hours later when the noobs are shaken out and the smart money jumps in to buy the dip.
Next round in august when the other ETF gets rejected (I think it's a bit delusional to think it will get passed, basically the only way the SEC can pass an ETF is if the market is rigged by them, just as any other SEC-backed market, something you can't do with Bitcoin) and then same thing. Big dip, noobs shaken out, "oh no Bitcoin is dead", followed by a period of nothing happening, then the next big green candle.