This user was banned for violating the House Rules. The ban is for social activity only - participating in public chats, publishing ideas, commenting and so on. The ban has no effect on the functionality of the platform.
BTCUSD 1W chart broke the downtrend line and retested.
One of the possibilities on the basis of 2014 fractals,If ETF gets approved then it might follow the Green bar projection.If not(ETF Rejected) then Red bar projection might follow.
Upcoming ETF decision dates:
Sep 7: Bitwise / Approved, denied or postponed.
Sep 21: Direxion / Approved or denied.
Sep 30:...
BTCUSD is in last wave(C) correction zone.
It can correct till 7000-present value(7300) yellow zone, before next wave impulse in either direction.
If Trend-line holds then bullish scenario will be in play if 76-7700 zone is broken
If Trend-line is broken then we go to the green zone and invalidates the bullish scenario.
History doesn't repeat itself but it does rhyme!
This fractal will play out if it doesn't break the 8700-8800 usd resistance level and will make new lower low(LL) near 5400-4900 usd zone.
it is invalidated if we break the 9000 usd resistance level.
Swing Trades:
Rising wedge on 4HR,RSI in overbought zone but will be invalidated if it breaks the red bar and bounce with retest.
Shorting around 6650-6678 with stop loss above RED zone
Major Trend-line broke
Two swing trade probabilities
1)Short from 0.07000-0.071
2)Long from 0.06300-0.06000
Note:This is not a financial advice.Its for Educational purposes