Big pancake 8.55w. The reason for this uptrend—I predicted it for everyone earlier, and I called for you to get on board with long positions.
At the time, I only mentioned one of the factors: the negative news was all out, yet the price didn’t drop. Once the negative news is within expectations, it’s already been priced in.
Add to that the strong resolve of the long side, a large-scale squeeze that triggers a chain of forced liquidations—forcing a large number of shorts to buy back. These are the technical and news-driven factors.
On the macro level, oil prices have fallen, easing inflation concerns, and U.S. Treasury yields have pulled back. The market has also priced in the Federal Reserve’s first rate hike in more than three years.
Because of all these factors, are the long positions that I’ve been telling everyone to get on board with—kept holding—still being held now? #BTC $BTC
At the time, I only mentioned one of the factors: the negative news was all out, yet the price didn’t drop. Once the negative news is within expectations, it’s already been priced in.
Add to that the strong resolve of the long side, a large-scale squeeze that triggers a chain of forced liquidations—forcing a large number of shorts to buy back. These are the technical and news-driven factors.
On the macro level, oil prices have fallen, easing inflation concerns, and U.S. Treasury yields have pulled back. The market has also priced in the Federal Reserve’s first rate hike in more than three years.
Because of all these factors, are the long positions that I’ve been telling everyone to get on board with—kept holding—still being held now? #BTC $BTC
