Bitcoin (BTCUSD) Could a 30 million dollar pump be coming soon?
Updated
Watching exchange USDT wallets.
If the head and shoulders is to play out, Bitcoin should be moving up soon, hopefully around 10%, which perfectly matches with the 30 million USDT sent to Binance.
10% is also enough to liquidate the 10x shorters, so in theory this should lead to a pump at some point.
There has been a large liq already, so I believe it should be safe to long now without worrying about a dump to kill bulls. I have outlined that here:
If the head and shoulders is to play out, Bitcoin should be moving up soon, hopefully around 10%, which perfectly matches with the 30 million USDT sent to Binance.
10% is also enough to liquidate the 10x shorters, so in theory this should lead to a pump at some point.
There has been a large liq already, so I believe it should be safe to long now without worrying about a dump to kill bulls. I have outlined that here:
Note
Also, Bitstamp looks like accumulation.Note
Keep in mind this is basically a wild guess.Trade closed: target reached
Hey guys. Looks like I was spot on,Trade closed: target reached
I closed for around 8% profit.Note
I estimated 10%, but it looks like there is resistance on Finex.So just closed now.
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