JordanLindsey

Bitcoin CME Futures Cause Support Break BUT Smart Money Buys

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
CME Futures Settlement Cause Bitcoin Support Break BUT Institutional Investors Use Bakkt to Buy Cheap

In this video you are going to learn how smart money reacted to the bitcoin support break of $7500 and what that means for the price of bitcoin next.

What role the settlement of the CME futures played.

How Baktt responded by setting a record volume .

There is a lot of fear right now in the market coming from retail traders but institutional money bought at support. Is this a good long term entry with a low risk to reward?

What is the best way to trade right now with a short term horizon?

Comment: Break of support now null and void as price has risen above $8,000.

This possible false break was mentioned here as price did not follow through on it,
Comment: Next week's presumed 25bps cut (barring major shock will be the last).

From there the Fed should be focused on providing liquidity which be more effective policy.

If so, super bullish for Bitcoin.
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