BTC is in the accumulate ZONE? Not yet...
In the time of writing, BTC is trading at $7,230 with 32.46B volume and a $132,612 B market cap. after we traded under 7K USD last week.
The traders who bought in the deeps $4000 (13 Mars Last month). are probably now leveraged their positions by 2X their cash holdings.
Now... while it just looks like Financial markets are about to recover together with the Dow Jones that was just finished highest grossing performance last in more than 80 years
Keep in mind that our last month was a good ''test'' to check the concept of Bitcoin decoupling with various times where the stocks markets earlier this month, closing at a loss even while Bitcoin rebounded over $6,000. This is a good sign. It increases the fact that BTC does not depend on other financial markets. Which in this economic situation is not that stable. So many people consider BTC as a ''safe heaven.''
- Whaleagents Telegram channel
My next trading moves ;
If we will cross the 7300 in the next 24 hours - I will check for a long entry.
If we will go down to 7100 - I will check for a short entry.
If you find this information useful, feel free to smash the like button below.
The traders who bought in the deeps $4000 (13 Mars Last month). are probably now leveraged their positions by 2X their cash holdings.
Now... while it just looks like Financial markets are about to recover together with the Dow Jones that was just finished highest grossing performance last in more than 80 years
Keep in mind that our last month was a good ''test'' to check the concept of Bitcoin decoupling with various times where the stocks markets earlier this month, closing at a loss even while Bitcoin rebounded over $6,000. This is a good sign. It increases the fact that BTC does not depend on other financial markets. Which in this economic situation is not that stable. So many people consider BTC as a ''safe heaven.''
- Whaleagents Telegram channel
My next trading moves ;
If we will cross the 7300 in the next 24 hours - I will check for a long entry.
If we will go down to 7100 - I will check for a short entry.
If you find this information useful, feel free to smash the like button below.
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