# If an ETF Delay sends the market into the Abyss, then an Approval will launch it to the moon!...
While I am still bullish on Crypto for the long haul, there is no denying that we have seen a really negative market trend the past for days. Bitcoin is not the only one who has seen losses, many of the major projects have suffered huge losses. Here are my thoughts on the current market.
- We are still holding the $6,000 support, while we did breach it momentarily, this shows that as bad as the market may be, we are still holding the same bottom as we did when the market corrected from last years Bull Run.
- Bitcoin always dips before a Bull Run.
- Bitcoin is Very Over Sold.
- ETF can turn the whole market around.
- The market is at the point where institutional investors want in, they buy when the blood is in the streets and the streets are bloody right now!
- Crypto is to big of an advance in technology to fissile out, this is century turning technology, like going from the stone age to the Iron age.
- These are not some fly by night companies, these projects are supported by companies with employees, buildings, and investors, they will not just go silently into the night because the market over reacted to the SEC's decision to postpone an ETF approval. Many of these companies will be around for a very long time, do not just count them out because their token cost went on sale.
- This sale won't last, while I wish I had waited until this moment to invest all of the money that I have invested in Crypto, no one was a crystal ball, and full disclosure, this is the first time that my portfolio total has been in the red. However in the midst of this blood bath, I am not freaking out and running, I am adding to my positions. I bough more ETH, MAN, BTC, ARK, STEEM and ADA. I will I had more money to add but $40 to each $240 per paycheck is all I can afford to DCA at the moment (and that is PB&J lunch 2 days a week to get that much).
- Never let fear control your decisions, nor should you let any emotion dictate your decisions. My decision to invest is not based in greed, but in my technical understanding of the underlining technology, if you do not truly understand blockchain I suggest you do some research. I would be happy to point you in the right directions.
- Just as I think Bitcoin is going to go up soon, I called it when Bitcoin went down, I say this just to show that while I am not psychic I do make good calls https://steemit.com/bitcoin/@embomb701/bitcoin-correction-imminent.
- While things look bleak right now, and trust me, I feel it too, this is when things are most likely to turn around, markets work in cycles 
https://www.google.com/search?client=ubuntu&hs=2AU&channel=fs&biw=1138&bih=578&tbm=isch&sa=1&ei=1ZVzW5i_A8izggfe7amYAQ&q=market+cycle+cheat+sheet&oq=market+&gs_l=img.1.0.35i39k1l2j0i67k1l3j0j0i67k1l3j0.285688.287007.0.289333.7.7.0.0.0.0.178.687.5j2.7.0....0...1c.1.64.img..0.7.684....0.aqAJY4qBpAc#imgrc=j_cCFk6-4nMgLM:.
- While things look terrible, remember it is always darkest before the dawn:
The Golden Cross is still on the horizon, the market is still over sold and we are on the 5th hill of the Elliot wave which means this market can 180 faster than a rally car.
- My final thought is this, I am taking off September 29th and 30th and based on the market reaction to the last **ETF Delay**, if Bitcoin ETF is delayed or god forbid rejected, I will take a tether position and look to buy the dip that will follow.
- These market reactions, scary as they are, they are lessons, we learned this month that people are absolutely hanging on the Bitcoin ETF. A mere postponement sent the whole Crypto Market into a selling frenzy, what do you think will happen when we have an approval?
- Bitcoin historically moves this way, huge ups and huge downs. The ups come out of nowhere after huge down and the downs the same way. Bitcoin whales can sell their huge holdings in coordination with negative news, this will cause a selloff moving the price down, these same whales can then buy back into their position cheaper, thus buying more bitcoin for less, thus growing their wealth. If you think about it, really think about it, they have the ability to do this, the motive to do this, and with the negative ETF delay they have perfect timing to do this. This makes the triangle complete, Ability, opportunity and motive, they would basically be foolish not to.
- The main stream media is telling you that Crypto is dead, that should be all the reason you need to buy.
- Institutional investors right now are so thrilled, they are so excited to buy Crypto now at such a discount because so many weak hands have sold it at such a discount, I salute them for their patience, they sure know how to shake out the weak hands.
- Play smart, the media lies, if making money was as easy as watching the news and investing we would all be millionaires. But in fact it is the opposite, the media does nothing more than making the rich richer. By the time it hits the news that you should invest in something, all the key players are already in and waiting for the sheep to buy in as they dump it on the masses. If you do not understand this fact I suggest you do some history reading outside of what they teach you in school.
I am not a financial advisor and this is not financial advice, invest at your own risk.