The BTC chart is looking very strong. Higher lows and highs on lower and higher timeframes.
Old addresses continue to increase with BTC unmoved for 1 year+ now sitting at 60%.
Net outflow of exchanges are increasing.
What does this mean?
BTC charts are looking strong, older hands are buying and mainly short term holders are selling. BTC is also being moved out of exchanges showing people are not only going to ride this storm but also that they are looking to hold on for a while yet.
I think conviction for new ATH strengthens every day.
My Plan:
I have converted 80% of my stable coins to alts: heavily in MATIC, LUNA and ETH.
I am looking to enter a 1H trade on BTC at $44,229 with a stop at $43,872 - going to take half profit at $44,800 and ride the remainder if it plays out
Old addresses continue to increase with BTC unmoved for 1 year+ now sitting at 60%.
Net outflow of exchanges are increasing.
What does this mean?
BTC charts are looking strong, older hands are buying and mainly short term holders are selling. BTC is also being moved out of exchanges showing people are not only going to ride this storm but also that they are looking to hold on for a while yet.
I think conviction for new ATH strengthens every day.
My Plan:
I have converted 80% of my stable coins to alts: heavily in MATIC, LUNA and ETH.
I am looking to enter a 1H trade on BTC at $44,229 with a stop at $43,872 - going to take half profit at $44,800 and ride the remainder if it plays out