MASSIVE BTC pump, Bitcoin just broke through the top of...
... the last channel... on the DAILY chart!
This could be a combination of several positive news items, in conjunction with a massive short squeeze, time to ride the dragon folks!
The positive news I'm talking about is the pending approval (or disapproval) of the CBOE ETF Aug 10th, Black Rock (managed 7 Trllion in assets) getting interested in Crypto, and Coinbase allowed to trade security tokens.
Also I've seen proof, OTC orders... big institutions have been buying massive amounts of BTC OTC. $200-$300 million USD orders for 10s of thousands of BTC.
So BTC has completed the reversed Head and Shoulders pattern, and broke through the last daily channel with so much force that it broke through that channel and we're now in the mid 7000s again.
I had about 30% left in cash over night and just avged in the 7000s.
Good luck folks.
This could be a combination of several positive news items, in conjunction with a massive short squeeze, time to ride the dragon folks!
The positive news I'm talking about is the pending approval (or disapproval) of the CBOE ETF Aug 10th, Black Rock (managed 7 Trllion in assets) getting interested in Crypto, and Coinbase allowed to trade security tokens.
Also I've seen proof, OTC orders... big institutions have been buying massive amounts of BTC OTC. $200-$300 million USD orders for 10s of thousands of BTC.
So BTC has completed the reversed Head and Shoulders pattern, and broke through the last daily channel with so much force that it broke through that channel and we're now in the mid 7000s again.
I had about 30% left in cash over night and just avged in the 7000s.
Good luck folks.
Crypto Investor & Speculator / Options Trader, Brave Money Podcast Studio DumbMoney.tv