ETF Decision Time
As we can see volumes have dropped significantly in BTC ad other assets during the past couple of weeks, as we recently posted we in a way wanted BTC to rise back above $6500 however what now is in the back of my mind is the pending ETF decision in 2 days and if that is going to have a negative effect on values of BTC and Alts as investors turn to crypto safe havens such as the new stable coins and the usual tether.
Coupling the fact that the recent rise of BTC over $6500 was actually due to the USDT sell off which caused the so called stable coin to drop 4% I have my reservations that these ETF decisions aee going to a positive effect infact I am only expecting a bull run to start in the close future based on if the fed says yes, which is unlikely in my humble opinion.
My play is currently to watch whilst funds are safely in fiat value, and when there is a clear trend breakout I will place another trade either long or short.
Stay tuned guys and feel free to follow us on here and over 5k channel on telegram @cryptocopyfunds
Coupling the fact that the recent rise of BTC over $6500 was actually due to the USDT sell off which caused the so called stable coin to drop 4% I have my reservations that these ETF decisions aee going to a positive effect infact I am only expecting a bull run to start in the close future based on if the fed says yes, which is unlikely in my humble opinion.
My play is currently to watch whilst funds are safely in fiat value, and when there is a clear trend breakout I will place another trade either long or short.
Stay tuned guys and feel free to follow us on here and over 5k channel on telegram @cryptocopyfunds
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