It’s time to pump hard
Enough time has passed in this inverse head and shoulder, and the spring is coiled for a nasty inverse right leg, which puts the price into the middle of the bull fib channel.
I think it’s notable that a crypto miner decides to raise in order to buy 500M worth of BTC on the open market, while at the same time rapidly expanding their own fleet of miners. It seems like too contradictory missions. Almost an admission that Saylor is correct, but think about the ramification. Obviously, RIOT is not going to sell BTC anymore if they are buying it in the open market as part of their new business strategy.
Bitcoin, all of a sudden, is not for sale. That’s what this signals to me.
I think it’s notable that a crypto miner decides to raise in order to buy 500M worth of BTC on the open market, while at the same time rapidly expanding their own fleet of miners. It seems like too contradictory missions. Almost an admission that Saylor is correct, but think about the ramification. Obviously, RIOT is not going to sell BTC anymore if they are buying it in the open market as part of their new business strategy.
Bitcoin, all of a sudden, is not for sale. That’s what this signals to me.
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