💸😃😗😳😔
Mt Gox moves 47,228 BTC ($2.71 billion dollars) from cold storage to a new wallet.
🔗Source: Click here
➡️Will Bitcoin dump more?
❤️ - Yes
🔥 - No
A question is when Bearish bias is invalidated?
-
F&G index remains at Fear levels in duration of more than 10 days but price could not go down (60k for current situation)
-
Mass liquidation cascade appears
-
Mass negative funding remains more than 10 days at -0.1 or - bigger.
💭 My thoughts on the market:
I started swapping my Bitcoin into more Altcoins. Previously posted many bullish Altcoin charts
Bitcoin is still close to the down border of the horizontal channel (safe), but Altcoin are dying (pretend to be dying).
As you can see, almost all majors are reaching historical global MAs and EMAs.
I still hold my LONGs with x2 - x3 leverage, and spot of course. Reverse upwards is an around the corner, seen such market many times before.
Big jump and new record high in Bitcoin hedge fund net shorts #BTC
Assuming these big boy entities hedge short in Futures and buy much ETF spot at the same time. At some point shorts will be closed then price will rip later.
In trading,
- Risk is always better than Regret.
- Never miss any opportunity just because of fear.
- Calculate the risk, and take the trade.
Fearless execution is the key.
#ETH
ETF news will be released in less than 24 hours. Price has reached supply zone 3k8-3k9$.
massive volatility in 24 hours.
3k8-4k is not good zone for FOMO.
