I have posted a couple of posts on BTC & Crypto recently. It's fascinating to see Bitcoin being manoeuvred into its professional status - as a long time trader & investor. It's AMAZING to see all of the long calls and posts.
We have monthly stochastic, weekly stochastic, Wave 5 daily completion on Elliott, which is inside a wave 3 weekly.
Grayscale fund discounting its offering for a month solid - Whales taking coins from exchanges is not what most people assume.
Then we have COT data showing long positions of 2k roughly (*5 BTC) and shorts at 7.2k.
Just look at the simple snapshot.
Other supporting material such as Grayscale & Elliott in the related ideas below;
Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
This idea was somewhat difficult to read. I think I understood half hahaha Maybe I'm too new a follower. For example, what is this Mayfair Quadratics thing?
Mayfair_Ventures
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@jreyest, Sorry it's mainly a snapshot. The main idea was this so this post was showing more info as to what we were looking at and why. Hope that helps.
MMBTtrader
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Good work, great explanations & charts
Thanks for sharing