π₯ Whales aggressively started the 2023 year!
More than 70,000 BTC that worth ~$1.4B were accumulated by whalesβ wallets over the recent 2 weeks.
Hello $22.5k #Bitcoinβ―β―β―
So far everything that happened was expected after the $18.5k break up.
Next let's see if the $22.5k higher high can be made support.
For the most part #BTCβ―β―β― still a very macro driven asset. Next week is big tech earnings and week after FOMC meeting.
#Bitcoin Miners are in Profit
On January 1, miners bought approximately 3,600 BTC when it was selling at $16,700. Between January 5 and 11, they accumulated another 1,000 BTC when prices skyrocketed. But when the price of bitcoin exceeded $20,000, it seems that the miners decided to take profits and sold 4,000 BTC since January 12.
Thing to watch on Bitcoin chart ...
Whenever daily RSI was obove 90 ..correction came
Will it happen this time before any pump??
Btc short first target done enjoy
Don't forget to book profit.. and put stoplosses accordingly on entry zone
Funding rate are positive on every platform...
Be carefull on longs...until they turn negative..
This is a sucker's rally for #BTCβ―β―β―" said CT, but wait...
If the NASDAQ and equities have bottomed and up only from now, so have #Bitcoinβ―β―β―
Otherwise we have not.
I think it really is that simple. This is the longest bearmarket BTC ever had, uniquely so due to macro environment
Link
π₯ BitcoinΒ surpasses Mastercard and $META (Facebook) in market value.
Meta = 358.01 billion
Mastercard = 360.75 billion
Bitcoin = 371 billion
ππ» The future of finance looks great!
FTX got judge's approval to start selling LedgerX, Embed and FTX's European and Japanese operations.
https://www.theblock.co/post/201953/ftx-approval-sell-ledgerx
Bitcoinβ―mining hash rate all time high π₯π₯
14d moving average: 270 EH/s
Bitcoin Update
23k is new 17k
Sooner or later we will break it
Keep patience βΊοΈ
Bitcoin Update
If we hold 21k on daily
Next target is 25k and 30k
I am bullish βοΈβοΈ
Flash news ποΈ- Texas Proposal To Allow #Bitcoin as an Authorized State Investment
Π§ΠΈΡΠ°ΡΡ ΠΏΠΎΠ»Π½ΠΎΡΡΡΡ…U.S. JUSTICE DEPARTMENT TO ANNOUNCE CRYPTOCURRENCY ACTION AT 10:30PM IST
β οΈSTAY ALERT π΄π΄
Earnings season starts this week. Be careful, I'm not convinced the bearmarket is over & recession avoided
But Q4'22 earnings maybe misleading
Lower inflation = margin compression, you will start noticing this in Q1'23 earnings (April 2023)
Perfect storm for earnings recession
This bull π season will not be longer .... this is a very short time pump according to me.
Don't forget to book ur profit on every jump π¦ and put ur stoplosses accordingly......
Short btc 21500-20200
Take profit 20800-20600-20350-20000-19800-19500
Stop 20750
Risky call use less balance
Bitcoin miners have been selling almost all of their BTC to keep their firms afloat.
Π§ΠΈΡΠ°ΡΡ ΠΏΠΎΠ»Π½ΠΎΡΡΡΡ…π° #Bitcoin is currently trading around $21k
For the past 3 hours, someone(s) just bought ~$4B worth of $BTC futures in market orders, and $87M short positions liquidated across all exchanges.
Bitcoin Update
If Bitcoin stays obove 21k and hold it
Mini bull run is on the lineβοΈβοΈ
Best thing to learn..
Don't time the market ..
Buy the dip and give time to the market
Short Bitcoin
19200-19600
Take profit 19000-18800-18500-18000
Stop 20.1k
Leverage 10x
Buy partially at each point