#Bitcoin has been showing resilience the past 1-2 weeks regardless of stocks tanking and Mt. Gox distributions becoming available.

This is a complete 180 from last month when the market tanked while stocks were making all time high after all time high.

This shows yet again how acting on certain events which are publically known to all market participants, generally gets you caught off side. Especially when you’re late.

I’m not ruling out some further downwards pressure from stocks & Mt. Gox coins in the short term but I’m optimistic for August once most of it has been cleared most likely.

Short term wild card can be Trump at the BTC Conference this week but don’t want to expect too much from that.