BTC PROSHARES ETF DECISION EXPECTATION

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.

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

Trade active:

Price rally up after touching our immediate support zone. Next target is the green zone around 6800$.

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Trade active:

Trade active:

Trade active:

Potential IHS in formation with target pointing at 8000$-8800$