Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Good morning.
+1 WOsMerit
An arbitrary overall bottom line following bitcoins arbitrary uptrend.
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As it has been mentioned, this "rally" is most likely caused by shorters reinvesting profits into bitcoin. High probability of being close to the local top for the next couple of months. #dyor
1h
D
the window leading up to CME futures option expiry 6/29 should present some good buying opportunities.
Bears have been sitting short for a long time on those will be wanting to take their cash profits ... maybe they'll buy bitcoin with them eh TERA2?
Bears have been sitting short for a long time on those will be wanting to take their cash profits ... maybe they'll buy bitcoin with them eh TERA2?
+1 WOsMerit
^ What is that arbitrary yellow line on the bottom.
An arbitrary overall bottom line following bitcoins arbitrary uptrend.
---------
As it has been mentioned, this "rally" is most likely caused by shorters reinvesting profits into bitcoin. High probability of being close to the local top for the next couple of months. #dyor
1h
D