BTC PROSHARES ETF DECISION EXPECTATION
Updated
Price trading in a RISING WEDGE pattern with and expectation to break down but can still also break up.
The consolidation there in is as a result of ETF decision which will come up tomorrow August 23rd.
Here are my expectations:
If ETF is approved that will be BULLISH Signal on BTC with immediate target to be 7400$ and may extend to 8400$-8800$.
If ETF is denied or Postponed surely that mean bad news for BTC then we can easily see a re-test of previous low around 5800$-6000$ or lower in the region of 5k.
The consolidation there in is as a result of ETF decision which will come up tomorrow August 23rd.
Here are my expectations:
If ETF is approved that will be BULLISH Signal on BTC with immediate target to be 7400$ and may extend to 8400$-8800$.
If ETF is denied or Postponed surely that mean bad news for BTC then we can easily see a re-test of previous low around 5800$-6000$ or lower in the region of 5k.
Trade active
ETF was denied, but since its largely expected, so there is not much dump as price bounced off from our first immediate support.Trade active
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Price rally up after touching our immediate support zone. Next target is the green zone around 6800$.Do know that I appreciate you taking the time to read my posts and Please leave a LIKE and FOLLOW us for more updates. I would really appreciate it.
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Potential IHS in formation with target pointing at 8000$-8800$
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