ETF Delayed - what happens next - bearish view
after the van Eck ETF was postponed to the end of December, only Bakkt can give a previous price push. I currently see no other reason why the price should explode, so I now expect the final dump direction 4000 $ before we go into the next bull run. MACD and Ichimoku cloud bearish direction, RSI is still bullish but looks like a turnaround too. The Fiboancci correction ended exactly at 0.5 (gold ratio) and the price is now ready for a new correction. I'm putting my buy orders below $ 5,000 as this support will not last this time unless there are unexpected news about new power-saving mining opportunities or entrances of major institutional investors
The analyses provided are for informational purposes only and do not constitute financial advice or recommendations to buy or sell anything. The information presented is based on personal research and interpretation.
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