Quote from: chainedblocks on August 03, 2018, 10:23:55 AM

Quote from: Bianxee on July 31, 2018, 07:36:54 AM

Quote from: azzexx on June 18, 2018, 03:53:36 PM

~snip~

Your post is more on speculation. Well based on what i see you are seeing a little bit more dump in the market. But, in the chart clearly pass the downtrend and now we are in good uptrend waiting only this approach in etf if it will be successful or being rejected by SEC.

This must be disclaimed as prediction. Nobody knows what is happening in the market and how it will behave very next moment. There are hundreds and thousands of investors throughout the world so one man cant perceive the ideas of every other investor. Thus such assumptions must be declared as assumptions and need to be out just claimed as guesses.

Speculation is exactly what it is and no one ever attached certainty to their predictions, but being that trading is one of human endeavors where human nature and psychology can never be discounted, it stands to reason that certain behavioral patterns are recognizable and traceable. Knowing that history repeats itself, therefore predictions made on some of the observations, have proven to come to pass most of the time.

A case in hand is the current resilience seen in Bitcoin. While most altcoins have plunged, Bitcoin is still holding strong above the $6500 price level and that is attributable to traders and investors positive disposition and anticipation for SEC approval of a Bitcoin ETF in about 3 weeks time. You'll see the price of Bitcoin will continue to firm higher as the day draws near and would likely breakout if any of the applications got approved.