BTC pullback
Hello everyone
Today I want to talk about what is happening with BTC right now.
1. We got the very expected bounce back, which broke the green zone in 1 day
2. GBTC dumpers lost out to buyers of other BTC ETFs
The news is quite positive and it seems that we were able to solve the main BTC problem related to the large dumpers.
But no problem, the FTX guys showed up again and the news that these guys will not be able to resume work. In connection with this, the speculation that FTX will dump the price of the largest assets and we will all collapse.
FTX itself actually has a rather limited impact, when you see that some of the major stakeholders will be selling, don't take it as a single hit on the "SELL" button. As a rule, such sales will be realized either by limit orders or in small portions in a large number of transactions.
Much more influential is the news itself, crypto jeets with shaky hands open market orders on CEX and want to get rid of their assets quickly, because they are scared and remember the last two years.
On such news we will reach my short targets and then turn sharply. Those who don't like to play short just buy spot now and suffer the drawdown. By the end of the year you will see for yourself
Today I want to talk about what is happening with BTC right now.
1. We got the very expected bounce back, which broke the green zone in 1 day
2. GBTC dumpers lost out to buyers of other BTC ETFs
The news is quite positive and it seems that we were able to solve the main BTC problem related to the large dumpers.
But no problem, the FTX guys showed up again and the news that these guys will not be able to resume work. In connection with this, the speculation that FTX will dump the price of the largest assets and we will all collapse.
FTX itself actually has a rather limited impact, when you see that some of the major stakeholders will be selling, don't take it as a single hit on the "SELL" button. As a rule, such sales will be realized either by limit orders or in small portions in a large number of transactions.
Much more influential is the news itself, crypto jeets with shaky hands open market orders on CEX and want to get rid of their assets quickly, because they are scared and remember the last two years.
On such news we will reach my short targets and then turn sharply. Those who don't like to play short just buy spot now and suffer the drawdown. By the end of the year you will see for yourself
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