Hello guys, I hope you are doing great!

It is August 4th, 2018! After SEC has rejected Tyler and Cameron Winklevoss' application for Bitcoin ETF, we saw the beginning of new BTC downtrend. 
![IMG_20180804_165924_411.jpg](https://cdn.steemitimages.com/DQmbdJw5ZNHtBhsjwgxTjDFaahShy4gZc6iQtB4VNiJJaAJ/IMG_20180804_165924_411.jpg)
This time, the SEC noted in its rejection that the Winklevoss’ application did not demonstrate that their exchange would be able to prevent fraudulent and manipulative acts.

So, as you can see, the problem is not BTC but potential fraudulent actions! I am sure, in upcoming months, they will find solution and SEC will approve next application. This is just another way of manipulation! They know that once they approve this, BTC is going to moon so I am almost 100% sure that they are preparing and investing as much as they can in BTC because it will be "easy" money for them. 

My bigger concern at the moment is altcoin market! This market is going down straight without any signs of reversal. When the fear is the biggest, when we think it cant go lower, when average traders are worrying, experience traders are accumulating. 

If you want to accumulate, it is time for accumulation! Whenever altseason starts, it will make you profit for sure if you accumulate at these prices. But if you decide to accumulate you have to know that it may take even few months until bull season in altcoin market.