Pay attention to how funds are moving:
“U.S. initial jobless claims for the week ending October 3 will be released in ten minutes.”
After the data comes out, I’ll ask three questions about fund flows:
1. Is aggressive buying outweighing selling, or vice versa?
2. Can trading volume for $BTC (24h: $1.382 billion) continue to grow?
3. Are any large amounts being transferred to exchanges on-chain?
If all three point in the same direction, then the news really carries weight; otherwise, it’s probably just a passing gust.
The hotter the news gets, the more important it is to see which side the money is on.
#BTC
Crypto markets are highly volatile. Please be aware of the risks.
“U.S. initial jobless claims for the week ending October 3 will be released in ten minutes.”
After the data comes out, I’ll ask three questions about fund flows:
1. Is aggressive buying outweighing selling, or vice versa?
2. Can trading volume for $BTC (24h: $1.382 billion) continue to grow?
3. Are any large amounts being transferred to exchanges on-chain?
If all three point in the same direction, then the news really carries weight; otherwise, it’s probably just a passing gust.
The hotter the news gets, the more important it is to see which side the money is on.
#BTC
Crypto markets are highly volatile. Please be aware of the risks.