Lots of mixed indicators, should move with conviction one way or the other soon.
Bearish:
Bear trend still intact.
Shrinking volume shows no enthusiasm by bulls.
Soros and friends will eat your soul for breakfast, they're more likely to suppress price short term so they can accumulate.
Twitter very giddy last few days about alt season, usually a bad sign.
Last minute tax selling.
Bullish:
Bitfinex shorts at ATH
Alts looking strong, could lead, some starting to pop already.
Falling Wedge since start of march ending soon.
Intermediate term support around 6.5k
Personally, I'm expecting a small move up to 8 or 9k, followed by a final capitulation to 5k, or even 3k.
Disclaimer: Not financial Advice, entertainment value only.
Bearish:
Bear trend still intact.
Shrinking volume shows no enthusiasm by bulls.
Soros and friends will eat your soul for breakfast, they're more likely to suppress price short term so they can accumulate.
Twitter very giddy last few days about alt season, usually a bad sign.
Last minute tax selling.
Bullish:
Bitfinex shorts at ATH
Alts looking strong, could lead, some starting to pop already.
Falling Wedge since start of march ending soon.
Intermediate term support around 6.5k
Personally, I'm expecting a small move up to 8 or 9k, followed by a final capitulation to 5k, or even 3k.
Disclaimer: Not financial Advice, entertainment value only.