Will the SEC approve a US Spot BTC ETF this month?

August is shaping up to be an exciting month, especially if ARK’s eagerly anticipated ETF approval makes it through the gates on the 13th. Picture this: I’ve plotted it on my chart like a bright yellow beacon, but I’m keeping a watchful eye, and I’m leaning towards the possibility of a slight delay, perhaps extending the thrill into December. And let’s talk BlackRock – they’re on our radar for September, a month loaded with potential.

Now, let’s dive into the exhilarating world of Bitcoin. The way I see it, Bitcoin’s been traversing a fascinating terrain. It’s like it’s in its own realm, neither here nor there. It’s hovering under the 29,500 mark, dancing tantalizingly close to that enticing buy zone. It’s like watching a suspenseful movie – you know something’s coming, but the anticipation keeps you on your toes.

Here’s where my vision takes us – historically, when Bitcoin relinquishes the 20 and 50-day moving averages, it’s like a cue for a dramatic twist. The spotlight turns to the 100-day moving average. It’s like the plot twist that brings everything together, and that’s the storyline I’m banking on.

Speaking of storylines, let’s examine the daily drama. It’s like the bulls are gathering their energy for a grand performance. The MACD, that trusty indicator, it’s gearing up for a crossover – it’s like the foreshadowing that gets you excited for the climax. And the RSI? It’s like the protagonist who’s taken a breather, recharging before the final sprint. That midline? Well, it’s like that sweet spot, the inflection point that signals a potential twist in the tale.

But wait, there’s more! A rapid hash ribbon capitulation – it’s like the miners turning the tables, aligning with profitability. They’re not exactly flooding the market – and boy, that’s music to our ears. It’s like a symphony of factors, each note adding to the crescendo.

Here’s the pièce de résistance: that ARK event, it’s like the cameo that could steal the show and make waves in the market. But (and it’s a big but), remember to reserve your front-row seats for September. It’s like that eagerly awaited sequel that promises even more twists, turns, and exhilaration.

So, while the curtain hasn’t risen on the September spectacular just yet, let’s not overlook the details. I extend my gratitude to all the trailblazers who jumped onboard our new newsletter signals. It’s like they’ve hopped on a rocket, and the quant market is soaring high. And oh, optimism is stretching its limbs too, embracing the spotlight. Kudos to those who’ve seized the opportunity – it’s like being part of a blockbuster before it even hits the marquee. Until then, stay tuned to the channels and keep that popcorn ready. The show is far from over!