Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
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Heading into the office this morning to find Cryptos stronger after a holiday weekend. BTCUSD is now less focused on risk and finding more USD devaluation players getting involved. With all of the weaker summer seasonalities behind us, it is pragmatic for players to look for value in scarcity.
The long-term macro chart constitutes a formidable comfort; the purpose of understanding the long-term direction of an asset is to put your mind at ease. Focus on the long-term to navigate the short-term flows with endurable strength. The $21,000 and $36,000 ready to accept bids, buyers will be kept busy. Eyeballing a tasty desert for all Crypto enthusiasts.
Thanks as usual for keeping the feedback coming 👍 or 👎
Comment
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We overshot support after the panic leg in Equities. Here looking to pick up cheap coins in $9,000 - $10,000 range:
Thank you, for all ideas, not just this one.
Your posts are really useful and insightful... keep posting, please.
I wonder how there are not more followers... comentators etc (haters..)
are you "Stock Trader" on YouTube?
ridethepig
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Thanks @sisapis for the kind comments and glad to hear it is helping. @ridethepig not on youtube... yet!
MarketMotives
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It's tough to call these smaller assets correctly. They're still pretty heavily manipulated...
ridethepig
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Indeed @MarketMotives, the inner BTC flows although paved with good intentions are mostly akin to guesswork.
Greate Chart and nice analysis.
Thank you.