I'm short for the following reasons:
Total Market Cap is declining as per CMC.com which shows me more people have switched back to fiat due to lack of interest at these prices.
Volume is declining.
MACD is also looking very much like it might role over
There is no bear alive that doesn't want to test that 5800$ level again and they will not convert to bulls unless they see it, or at the VERY least 6K$
Reasons I might want to be concerned about being bearish:
8 ETFs are said to be decided upon in about 50 days, that's going to bring a lot of hype, question is, when?
Total Market Cap is declining as per CMC.com which shows me more people have switched back to fiat due to lack of interest at these prices.
Volume is declining.
MACD is also looking very much like it might role over
There is no bear alive that doesn't want to test that 5800$ level again and they will not convert to bulls unless they see it, or at the VERY least 6K$
Reasons I might want to be concerned about being bearish:
8 ETFs are said to be decided upon in about 50 days, that's going to bring a lot of hype, question is, when?
Comment:
I'm still bearish for the EXACT same reasons. Volume still is not coming in therefore no one is interested at these prices. We shall see but I'm still bearish until we see what happens at 5800$.