🚨 $BTW Over the past 2 days, $26 million worth was bought.
There were also sales by large traders, of course—their wallets hold dozens of different coins—but buying exceeded selling.
Looking at the weekly chart, though, it’s about time for a correction.
The chart could reach 2.99, but then new short positions would come in—it would be too predictable. A smarter move would be to pull back for a week, but I don’t know what their plans are after that.
In any case, based on the weekly chart, you definitely shouldn’t buy the coin—and you certainly shouldn’t sell before 2.99.
Large orders are placed up to $4.
I think it needs to trick the shorts: either pull back before making a new high, or make a huge squeeze.
The only question is what’s more profitable: trigger a squeeze and bring in new shorts, or pull back with the current ones.
It depends on which side has more people, and that’s unknown.
There were also sales by large traders, of course—their wallets hold dozens of different coins—but buying exceeded selling.
Looking at the weekly chart, though, it’s about time for a correction.
The chart could reach 2.99, but then new short positions would come in—it would be too predictable. A smarter move would be to pull back for a week, but I don’t know what their plans are after that.
In any case, based on the weekly chart, you definitely shouldn’t buy the coin—and you certainly shouldn’t sell before 2.99.
Large orders are placed up to $4.
I think it needs to trick the shorts: either pull back before making a new high, or make a huge squeeze.
The only question is what’s more profitable: trigger a squeeze and bring in new shorts, or pull back with the current ones.
It depends on which side has more people, and that’s unknown.