Looking at coming ETF news dates

17 ส.ค. 2018

Just wanted to add the ETF decision dates into my chart. BTC has obviously responded noticeably to those announcements recently, so it seems like a good idea to at least be aware of when the coming decisions could be released. I'm of the opinion the August news will be bearish and it would fit the long term pattern quite well. A rejection (or more likely another delay) of the ETF proposals in September would be a perfect catalyst for a final leg down at the end of the descending wedge. An approval would decisively break the downtrend. Of course it's risky to trade on those announcements, so i'll be looking to catch an entry immediately after the market shows a strong reaction, if that occurs.