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UnknownUnicorn20315650
Oct 16, 2021 5:54 AM

BTCUSDT 16/10/2021 Short

Bitcoin / TetherUSBinance

Description

Hello traders,

simple supply and demand areas which we were able to spot through top down analysis.

Let's see what is going to happen with it .

Cheers
Comments
wakizashi
Nope I think, you can check on-chain data cryptoquant
- "Balance on Exchange", lowest ever last 9 months.
- "All exchanges netflow" still minus.
- Mempool = almost empty.
- Miner still accumulation, no one sell.
- Whales loading up.
- blame planB, everyone gonna hold and not gonna sell until 100k+ (as he predict dec closing at 135k)

= parabolic soon 🚀
UnknownUnicorn20315650
@wakizashi, algorithm will do whatever is programmed to do, and nobody (whales, events, etc) won’t have any impact on it… question is - do I have enough knowledge to be able for read it correctly… all best bro, cheers
Iya_nya
agreed with your analysis, im shorting also due to supply zone. Gonna be nice risk to reward if the play out well.
btins1881
Don’t underestimate the power or FOMO. Knocking on the door of the ATH has a tendency to negate trading indicators.
UnknownUnicorn20315650
@btins1881, indicators…;) algorithm don’t care about Fomo;) but we need to stay patient and see how it plays out;)
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