We have a very interesting setup. On one hand, the symmetrical triangle is being fulfilled, suggesting higher prices (A). However, this same cross breaks the more prominent structure (B), which could lead us back to prices of 38K (C). At the same time, it forms a possible flag that could take us back to 42K. Nevertheless, this structure could still mature and evolve into something like an expanding wedge.
The truth is that there is no reason why the spot ETFs should not be released, but if it doesn't happen on time, that delay could confirm the flag we are observing and lead back to 42K. This would create another necessary structure to move higher.
Dont desperate!
The truth is that there is no reason why the spot ETFs should not be released, but if it doesn't happen on time, that delay could confirm the flag we are observing and lead back to 42K. This would create another necessary structure to move higher.
Dont desperate!
