If you want bitcoin to make a new All-Time High in 2021 then you want a correction now!
Bitcoin has been correlated with the equities market thanks to futures, GBTC and institutional investments beside TA and losing momentum Bitcoin can correct with the stock market. The stock market has had 9 months of rallying mainly due to stimulus, the recent stimulus bill passed IMO has been priced in for many months now also there is escalating geopolitical/societal turbulence/black swan possible can trigger a correction. Open interest Call options/leverage has been maxed out to the bullish side, as the contrarian market punishes the majority.
TA: all oscillators are pegged to the ceiling, Heat map on fire, TDI on sell signals, Tether on the ropes
My last call was too soon, you shouldn't chase the last 10% or 20% in this case, it is BTC after all and thinly traded.
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MMGinvest
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com
Bitcoin has been correlated with the equities market thanks to futures, GBTC and institutional investments beside TA and losing momentum Bitcoin can correct with the stock market. The stock market has had 9 months of rallying mainly due to stimulus, the recent stimulus bill passed IMO has been priced in for many months now also there is escalating geopolitical/societal turbulence/black swan possible can trigger a correction. Open interest Call options/leverage has been maxed out to the bullish side, as the contrarian market punishes the majority.
TA: all oscillators are pegged to the ceiling, Heat map on fire, TDI on sell signals, Tether on the ropes
My last call was too soon, you shouldn't chase the last 10% or 20% in this case, it is BTC after all and thinly traded.
Find MMGinvest everywhere and follow me
MMGinvest
dot
com