Increased BTC Weakness Demanding To Reverse ETH Position
Sooo, weak... On top, we have another significant spike of "days destroyed" >>>
blockchain.info/charts/bitcoin-days-destroyed?timespan=30days&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=
While there is certainly a lot of room for speculations about the possible reasons, I do consider it as a huge bearish red flag in any case.
To buy/long ETH and getting rid off Bert before he starts to properly dump is recommended.
Target (BTC): 373.00EUR (ETH): No idea. Just let it run...
blockchain.info/charts/bitcoin-days-destroyed?timespan=30days&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=
While there is certainly a lot of room for speculations about the possible reasons, I do consider it as a huge bearish red flag in any case.
To buy/long ETH and getting rid off Bert before he starts to properly dump is recommended.
Target (BTC): 373.00EUR (ETH): No idea. Just let it run...
Note
Updated Daily (RIP) addedNote
Updated chart (Re-short Opp) addedNote
And the drama continues... bitcoinmagazine.com/articles/antpool-will-not-run-segwit-without-block-size-increase-hard-fork-1464028753 1h chart added.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.