We are watching the wide range between the Bitmex pump and the subsequent dump and likely to stay within it for a few days.
Bulls have the hourly uptrend in their favor but we will need to see sustained 4 hour higher lows to climb to the recent high.
Bulls need to make it over $7,000 to form a solid weekly equilibrium which we will look for a break of towards the end of September.
Lots of indecision currently on the charts between bulls and bears, things are slow and there is not much action.
Watching for volume spikes on the longer term time frames (4h+) to stand out.
Bears have the daily trend in their favor but without a dump from the ETF decision the bulls are hoping there are no short term adverse news events to help their case.
Currently all cash and very patient waiting for clarity.
Bulls have the hourly uptrend in their favor but we will need to see sustained 4 hour higher lows to climb to the recent high.
Bulls need to make it over $7,000 to form a solid weekly equilibrium which we will look for a break of towards the end of September.
Lots of indecision currently on the charts between bulls and bears, things are slow and there is not much action.
Watching for volume spikes on the longer term time frames (4h+) to stand out.
Bears have the daily trend in their favor but without a dump from the ETF decision the bulls are hoping there are no short term adverse news events to help their case.
Currently all cash and very patient waiting for clarity.
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