chunk as pennanty thing
but its already broken down
looks weak tbh would want to see some overall market strength before taking a position
however as the structures sitting at the lows
technically we could play the higherlow as the stoploss if we think another elliot drive is possible here
fundamentally 28th of july is fomc data so prolly should be looking for shorts here more than anything...
also august is mtgox final btc unlock could be incredibly bearish if everyone whos returned their btc sells
however these are the people who were investing in 2015 well before mass market psycology kicked into full gear so they should be fully aware of the strong fundamentals and understand that leavinng their investment for a few more years would be worth their while
my guess is on initial fud downmove then bullish unlock actual event ie btc is returned and not sold
this would time up well with speculative eth2 merge and us govmnt stock pump cycle
so makes enough sense to me...
bnb is an exchange but, considering they hold alot of liquidity its almost like a bank, biggest crypto bank will one day parity with biggest tradfi bank given there are no boarders ie its global.
but its already broken down
looks weak tbh would want to see some overall market strength before taking a position
however as the structures sitting at the lows
technically we could play the higherlow as the stoploss if we think another elliot drive is possible here
fundamentally 28th of july is fomc data so prolly should be looking for shorts here more than anything...
also august is mtgox final btc unlock could be incredibly bearish if everyone whos returned their btc sells
however these are the people who were investing in 2015 well before mass market psycology kicked into full gear so they should be fully aware of the strong fundamentals and understand that leavinng their investment for a few more years would be worth their while
my guess is on initial fud downmove then bullish unlock actual event ie btc is returned and not sold
this would time up well with speculative eth2 merge and us govmnt stock pump cycle
so makes enough sense to me...
bnb is an exchange but, considering they hold alot of liquidity its almost like a bank, biggest crypto bank will one day parity with biggest tradfi bank given there are no boarders ie its global.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.