Hey guys,
The approval date for ETF is close coming -25/9/2018 and we see that the price action mostly is not supported by the Volume.
It means that BTC is in danger !
We have 2 scenarios for the BTC for both rejected and permitted as follows:
- For Rejected
+ We are in the downward triangles with the Volume is going down and Price are in sideway range.
+ We are in the Cluster Zone of the Pitchpork and the Fibo Zone level 23.6
=> IF recjected
We watch the Price at level 6k- 6k1 . If Price could not react at this level with the Respective Volume ( i mean enough Volume ), it means that we are on the way to
see BTC returning the Price level 3k.
- For Approved
=> Otherwise , We watch the Price at level 6k- 6k1 . If Price could react at this level with the Respective Volume ( i mean enough Volume ), it means that we are on
the way to see BTC returning the Price level 9k.
Let's watch the market and have a nice Weekend !!!