Xzhi
Long

Bitcoin (BTCUSD) Could a 30 million dollar pump be coming soon?

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
Watching exchange USDT wallets.

If the head and shoulders is to play out, Bitcoin should be moving up soon, hopefully around 10%, which perfectly matches with the 30 million USDT sent to Binance.

10% is also enough to liquidate the 10x shorters, so in theory this should lead to a pump at some point.

There has been a large liq already, so I believe it should be safe to long now without worrying about a dump to kill bulls. I have outlined that here:

Comment: Also, Bitstamp looks like accumulation.
Comment: Keep in mind this is basically a wild guess.
Trade closed: target reached: Hey guys. Looks like I was spot on,
Trade closed: target reached: I closed for around 8% profit.
Comment: I estimated 10%, but it looks like there is resistance on Finex.

So just closed now.
Thanks appreciate the information.
Reply
Nice call. Have you seen a clear correlation between the USDT and pumps many times before?
Reply
Xzhi nglsthlm
@nglsthlm,

yes
Reply
nice spot on .
+2 Reply
Xzhi SamHuynh
@SamHuynh, thanks
Reply
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