From a market positioning perspective:
“Smart money that accurately bought the bottom and sold the top last round, making $2 billion, started buying 3,009 bitcoins yesterday.”
After the news came out, I asked only three money-related questions:
1. Which way are active buyers and sellers leaning?
2. Can trading volume at $BTC (24h: $977 million) increase significantly?
3. Have whales made any 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 of wind.
Treat the news as background; make decisions based on your own plan.
“Smart money that accurately bought the bottom and sold the top last round, making $2 billion, started buying 3,009 bitcoins yesterday.”
After the news came out, I asked only three money-related questions:
1. Which way are active buyers and sellers leaning?
2. Can trading volume at $BTC (24h: $977 million) increase significantly?
3. Have whales made any 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 of wind.
Treat the news as background; make decisions based on your own plan.