Sounds like it should be a Gil Bellows movie. I've had good times scalping BTC but haven't posted on it for a while. It's messy but so are the regulatory issues underpinning all of crypto right now.
Fear / Greed Index = 10 at the time of this post and people holding their breath long and short. I personally avoid trading "the middle" and prefer setting outlier buys / sells for those flash wicks, a strategy that's worked well over time.
The SPX seems to have some bearing on the action for Bitcoin so I'm going to post an SPX chart here as well, look for the parity.
As always, DYOR and don't take this as "investment advice".
Good luck!
Fear / Greed Index = 10 at the time of this post and people holding their breath long and short. I personally avoid trading "the middle" and prefer setting outlier buys / sells for those flash wicks, a strategy that's worked well over time.
The SPX seems to have some bearing on the action for Bitcoin so I'm going to post an SPX chart here as well, look for the parity.
As always, DYOR and don't take this as "investment advice".
Good luck!
Trade active:
For those of you paying attention, check out the SPX effect on BTC, as I've iindicated
"Why buy #Bitcoin in the market when you can buy all the Bitcoin you want through $GBTC for 73 cents on the dollar? If institutions really are buying Bitcoin, why are those already invested in GBTC so desperate to get out and why don't other institutions want to buy at a discount?"
— Peter Schiff (@PeterSchiff) January 18, 2022