BITCOIN

MG0h3

MG0h3

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q6543 said:
Just watching the market….. I watched a 10 million dollar sell liquidate 13Billion in market cap.

That’s over a thousand percent leveraged up…compounded…

Someone make this make sense because this make it look like there’s only actually $60 of liquidity per bitcoin.
Click to expand...

Do you mean $60 of value per BTC?


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Q

q6543

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1300X of market cap came off for 1$ on this sale.

10 million USD moved 13 Billion bitcoin market cap.

So what I’m asking is … is bitcoin levered up 1300X/USD?
 
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Weather Man

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q6543 said:
Just watching the market….. I watched a 10 million dollar sell liquidate 13Billion in market cap.

That’s over a thousand percent leveraged up…compounded…

Someone make this make sense because this make it look like there’s only actually $60 of liquidity per bitcoin.
Click to expand...

:unsure:
 
jvandy50

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I don't like this loss of EMA on the 1D, and that MACD is running from each other! However...

3aaf4372229862cc02e5880d2d013ebf.jpg


...the weekly still maintaining trend, but MACD attitude is beginning to change to selling pressure


ec4913136afc80aeb30483368d358bb9.jpg



How do we think this plays out?


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MG0h3

MG0h3

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If it looks the same tomorrow am I’m going to open a short position.


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Q

q6543

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Supposedly…. SUPPOSEDLY… this low 60K range is the lowest it can go because after the halving next month mining costs exceed $60K/BTC…

I guess time will tell about that.
 
jvandy50

jvandy50

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MG0h3 said:
If it looks the same tomorrow am I’m going to open a short position.


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Click to expand...
I have started a BITI swing that's up over 6% already and watching to add or take my ball and go home
 
jvandy50

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That is one gigantic 8hr boner candle lol.

Glad i got out of my BITI green this am
 

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