Dear fellow readers!
I am fundamental very, very positive regarding BTCs future, but since only time will tell, currently it is not looking very good on the market. At least the funding rate switched from positive to negative, so shorts are finally paying longs now. We have a decent support volume around 6.4k as the VPVR displays. As you can see, the 38.2% fib. ret. level from 2017 almost aligns with the VPVR. So if this key level does not hold, we will see BTC dropping and hopefully bouncing from the 61.8% golden pocket from this years pump, recover and finally head into a new bull market. I am looking forward to the end of December, when the new mining equipment will hopefully already be delivered, up and running. Maybe this will change the outlook to a more positive side.
I don’t know if you have heard/ read about the recent 47k BTC on the move again?
Does not matter, now you know, after digging deeper into this recent discovery, I figured out the origin address ( 1EfBMK9q6rGFZazeF7jyNdTgqGYgcDgRE5 ) in case you want to have a look yourself. This whale actually accumulated during the time span from end of March to end of August 2016. All in all around 48.5k BTC worth around 27.904 million USD at that time has been accumulated, which on an average has been a price of 575 USD per BTC. Now it seems, that this whale is slowly and constantly taking profits, since around September 2017 in the middle of the parabolic run to 20k / BTC.
Be prepared, it seems that this large amount will get sold over time and I could guess, that this whale is not the only one selling.
I am still investigating these addresses, because it is very interesting and you can learn a lot from it. Around 2.5k BTC have already been sold and the rest is split up between different wallets, the biggest counting 44k BTC and moved today. I’ll keep you updated!
Thanks for reading, If you are not conform with anything I write, just drop a comment and feel free to start a discussion, I do not want my readers to believe all
I am writing is fixed on stone, I just try to have a view on the big picture and if I am maybe missing anything, I would be glad to take this piece of information also into consideration.
Keep up educating yourself, take your finances in your own hand, short the bankers and long BTC!
I will keep you updated regarding further research
Cheers
I'm not a professional market analyst nor am I a professional trader and this shall definitely not be of any financial advice.
Do your own research and try to understand the fundamentals regarding any investment you take into consideration.
The websites and projects “advertised” are not mine, nor am I in any marketing or affiliate relationship with them.
Personally I am invested into this project, so of course I am biased, that is why I tell you to get educated and do not just put money in anything,
because somebody on the internet is writing good about it, scrutinise critically and if you are more than confident, do whatever you want for your good.
I am fundamental very, very positive regarding BTCs future, but since only time will tell, currently it is not looking very good on the market. At least the funding rate switched from positive to negative, so shorts are finally paying longs now. We have a decent support volume around 6.4k as the VPVR displays. As you can see, the 38.2% fib. ret. level from 2017 almost aligns with the VPVR. So if this key level does not hold, we will see BTC dropping and hopefully bouncing from the 61.8% golden pocket from this years pump, recover and finally head into a new bull market. I am looking forward to the end of December, when the new mining equipment will hopefully already be delivered, up and running. Maybe this will change the outlook to a more positive side.
I don’t know if you have heard/ read about the recent 47k BTC on the move again?
Does not matter, now you know, after digging deeper into this recent discovery, I figured out the origin address ( 1EfBMK9q6rGFZazeF7jyNdTgqGYgcDgRE5 ) in case you want to have a look yourself. This whale actually accumulated during the time span from end of March to end of August 2016. All in all around 48.5k BTC worth around 27.904 million USD at that time has been accumulated, which on an average has been a price of 575 USD per BTC. Now it seems, that this whale is slowly and constantly taking profits, since around September 2017 in the middle of the parabolic run to 20k / BTC.
Be prepared, it seems that this large amount will get sold over time and I could guess, that this whale is not the only one selling.
I am still investigating these addresses, because it is very interesting and you can learn a lot from it. Around 2.5k BTC have already been sold and the rest is split up between different wallets, the biggest counting 44k BTC and moved today. I’ll keep you updated!
Thanks for reading, If you are not conform with anything I write, just drop a comment and feel free to start a discussion, I do not want my readers to believe all
I am writing is fixed on stone, I just try to have a view on the big picture and if I am maybe missing anything, I would be glad to take this piece of information also into consideration.
Keep up educating yourself, take your finances in your own hand, short the bankers and long BTC!
I will keep you updated regarding further research
Cheers
I'm not a professional market analyst nor am I a professional trader and this shall definitely not be of any financial advice.
Do your own research and try to understand the fundamentals regarding any investment you take into consideration.
The websites and projects “advertised” are not mine, nor am I in any marketing or affiliate relationship with them.
Personally I am invested into this project, so of course I am biased, that is why I tell you to get educated and do not just put money in anything,
because somebody on the internet is writing good about it, scrutinise critically and if you are more than confident, do whatever you want for your good.