Is big money on the move?
“Chivo Wallet taken over by former Visa and JPMorgan executives; will offer services such as microloans”
After news like this breaks, I ask three money-related questions:
1. Are active traders buying more or selling more?
2. Can trading volume at $BTC (24h: $1.388 billion) continue to grow?
3. Are whales making large transfers off exchanges?
Only when all three point in the same direction does the news carry real weight; otherwise, it’s probably just a passing gust.
If the price has already priced in the news, there’s not much room for further momentum.
#BTC
Personal notes; not investment advice.
“Chivo Wallet taken over by former Visa and JPMorgan executives; will offer services such as microloans”
After news like this breaks, I ask three money-related questions:
1. Are active traders buying more or selling more?
2. Can trading volume at $BTC (24h: $1.388 billion) continue to grow?
3. Are whales making large transfers off exchanges?
Only when all three point in the same direction does the news carry real weight; otherwise, it’s probably just a passing gust.
If the price has already priced in the news, there’s not much room for further momentum.
#BTC
Personal notes; not investment advice.