Nice trade on bitcoin long that started a week a go. There's a saying that unless the money flows down to the little man on the street there will be blood on the street - I believe it goes back to the Boatman in Greek Mythology where if you don't give him a golden coin you can't pass through. One of the research pieces I did two months a go entailed studying derivative heat maps analysing colour to see how price could be broken down in a more advanced format than just your outdated 1980's trendline tools that you see on here. Energy works by going from a large amplitude to a minute aplitude. Human eyes can't detect the large infra red waves or the high ultra energy waves. Unless you use tools or cameras to see the waves. Try looking for a infra-red wave with a ruler vs using an infra-red camera to detect it. At the end of the day derivatives are derivatives - listening to ideas by systems that can't trade effectively or only apply to one market is not going to work. You need to be thinking how to trade from a quant standpoint - between 2010 and 2020 the second biggest appication AI investmenst were made for was Financial Markets. So I think the price action in Bitcoin will continue to defy expectations. Those thinking that lightning will strike twice and bitcoin will hit 100K are mistaken. JP Morgan have a lightning machine now it's called the short futures contract. 100B short and bang all your money is halved when they short Bitcoin down to the ground. All that is happening at the moment is they are allowing the price to slowly accumulate to make some money for when they short it.
Apart from that rant Bitcoin is still a long for now.
Apart from that rant Bitcoin is still a long for now.