COIN ready to jump on positive news (ETF?)

10 ส.ค. 2023

First published idea, so be kind. I see a really tight regression over past two weeks that fits nicely inside a falling wedge (fo confirmation). Also appears that this regression is pinching against the resistance level around 83.5. The bullish wedge and this pinch point suggest some pent up energy ready to move soon - betting next week bullish run targeting 95 to 100 after SEC announcement on ARK ETF filing. Thoughts and suggestions appreciated

11 ส.ค. 2023

ความคิดเห็น

So the SEC waited until the last day to delay, at least 8 weeks (3 for public comments and 5 for SEC review / response). The regression holds and we slowly drift down waiting for some kind of catalyst. We’ll watch and update if the trend breaks!

19 ส.ค. 2023

ความคิดเห็น

Surprisingly, the regression is still holding, albeit a bit wobbly after today. All in spite of the Bitcoin tumble. This downward trend is dragging down the upside potential when the next good news hits - most likely the Grayscale ETF ruling. SEC has until 9/5 to respond, but expect a more modest bump (85to 90) if Bitcoin behaves