Could you explain why you thing the move will be on the bullish side? There is a constant rejection of the 6500$ level and we are close to the EMA 50 (4h) which will most probably be a strong resistance.
@AyKay-Trading, sure, tho you won't like the answer. The honest personal part is : because I wish it to be bullish rather than bearish (I personally prefer longs over shorts). The 2nd reason is because in the last week I've obtained some bits of info regarding huge capital shiftings. The last time I had similar info was in the late November last year. The only thing I am missing is the timing....
@cryptozwerg, Thank you. I am bullish too but on the much longer term. Bulls seem to be a bit weak now and a few ETF decisions are coming over the next 2 months and I expect them to be either delayed or rejected but not approved.
I wish you good trades
@AyKay-Trading, honestly I don't even care about the whole ETF drama, since I do believe it is just a matter of time and such momentum will be hard to miss. It is best, however, to place yourself in the early stage of such events. However, and this is the part way beyond TA, I am more concern about the US debt and the fact that the dollar is expected to have a really hard times in the coming months. Which means that good part from this asset will also be shifted into crypto. I wish you luck and happy trading!