Watch the money, not the words:
“Pons founder: Bought spot Bitcoin today for the first time since January 2023”
After the news broke, I asked just three questions about the money:
1. Which way is the buying and selling pressure leaning?
2. Is trading volume for $BTC (USD 1.738 billion over 24 hours) continuing to grow?
3. Are whales making large transfers to exchanges?
Only when all three point in the same direction does the news carry real weight; otherwise, it’s probably just noise.
Take the news as context, but keep trading according to your own plan.
#BTC
For reference only. Trade at your own risk.
“Pons founder: Bought spot Bitcoin today for the first time since January 2023”
After the news broke, I asked just three questions about the money:
1. Which way is the buying and selling pressure leaning?
2. Is trading volume for $BTC (USD 1.738 billion over 24 hours) continuing to grow?
3. Are whales making large transfers to exchanges?
Only when all three point in the same direction does the news carry real weight; otherwise, it’s probably just noise.
Take the news as context, but keep trading according to your own plan.
#BTC
For reference only. Trade at your own risk.