BitcoinLong
bitcoin a range
seeing bitcoin trade in this range rn. volatility incoming once it breaks out.
bearish thesis: lower part of the range looks weak, tested too many times. gotta be cautious if we head there.
bullish thesis : same thing, higher part been tested many times if we reject at mid range, I'm bullish.
Many ethereum etfs waiting for approval even with 70% approval odds, expecting rejection. likely will be priced in already.
https://www.reuters.com/technology/cryptocurrencies-gain-investors-turn-optimistic-ether-etfs-2024-05-21/
⚠️ don't get caught in the chop! ⚠️
bearish thesis: lower part of the range looks weak, tested too many times. gotta be cautious if we head there.
bullish thesis : same thing, higher part been tested many times if we reject at mid range, I'm bullish.
Many ethereum etfs waiting for approval even with 70% approval odds, expecting rejection. likely will be priced in already.
https://www.reuters.com/technology/cryptocurrencies-gain-investors-turn-optimistic-ether-etfs-2024-05-21/
⚠️ don't get caught in the chop! ⚠️
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.