Bitcoin ETF Decision Strategy
!! Please note that this is inverse Bitcoin chart
Although market is bearish, I would suggest taking some risk here, and buying September 6000 calls when price enters green box, There is very less chance that calls would expire worthless and it is a good R/R play
There is less chance for ETF but we have a big rising wedge on daily inverse botcoin, A breakout of it will least take is to $7600 and if ETF is approved we would see new highs.
Although market is bearish, I would suggest taking some risk here, and buying September 6000 calls when price enters green box, There is very less chance that calls would expire worthless and it is a good R/R play
There is less chance for ETF but we have a big rising wedge on daily inverse botcoin, A breakout of it will least take is to $7600 and if ETF is approved we would see new highs.
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