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$BTC has been leading the markets so not looking good.. many speculating there would be some sort of news over the weekend that has not yet materialized so down we go.... need to grab liquidity somewhere and crypto is open on weekends
Iam selling 15% below ATOM prices, its profit taking! Let me tell you that Bitcoin always saw at least one large 40-50% within a massive bull cycle. So why the sudden change now and why I think its time?
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The news about the Strategic Bitcoin Reserve is already fully priced in by big players and whale investors. I can speak on behalf of the bigger players most of them expected something else, a different outcome from the crypto summit. But what did they get? Confiscated Bitcoin, seized from unfortunate souls. And now? No plans to buy more. No expansion of the reserve. Just a headline for the papers FOR NOW, it will change in a few months. Meanwhile, the 9-to-5 Joe hears about the Strategic Bitcoin Reserve, thinks itās a game-changer, and rushes to invest in BTC. "Trump signed it, it must be official! It must be bullish! Weāre all gonna be rich!" Not so fast, my friend. Some of us saw this move coming. This event was priced in long ago, and the signature of Trump is the start of the first large BTC correction in this cycle. People have not seen a correction yet. The signature of Trump, could have been in a few months as well. He, and alone he decided to sign it. Thats a full shift. We all expected this signature to happen, but in some months from now, not on the first day of the crypto summit. This marks the start of the first big correction in my books.
-Entered into a short + selling at $90,000 -Placed short orders + selling between 90-102k -Full TP for the short is at the region of 50-60k -Full buy back - re entry is between 50-60k
Result: If you own 10 BTC today by selling now, you will own 20 BTC at 50k region + made huge amount of money by shorting the market and likely able to accumulate 5-10 additional Bitcoin with the profits. This is how I see the game, keep accumulating Bitcoin for the long term, but be more than clever to exit when its time. Trump decided to sign today?
it's time to send Bitcoin to the moon ššššØšØ
This image screams "hope" and determination! A man with a strong stance, surrounded by freedom and possibility. He's got his eyes on the prize, just like all you crypto enthusiasts who want Bitcoin to moon. Keep pushing for that rocket fuel! š