How BTC possibly playsout – More ranging BARTS to come
Bitcoin / US Dollar Perpetual Inverse Swap Contract BITMEX:XBTUSD
Think BTC ranges some more – I propose true spring is not yet here.
It will coincide (coincidentally) with news of a delay of ETF decision.. which will likely be released ahead of the expected deadline (30th sept).
If it is going to be positive – expect a dump leading up to it (dump before the announcement). Followed by spring.
If it’s going to be negative – expect a dump straight after and capitulation on a mass scale.
If delayed (as expected), another cycle before ETF approval and Spring Co-inciding with the news release.
I am happy to wait for the good news…