I was leaning bullish for a long time.
But I dont like the price action as it is now.
This composite VWAP has held us up for a long time and now we are retesting this from below.
Im 90% out of crypto atm.
If we reclaim 111k im back.
This is time of uncertainty, better to be on the side lines and watch what comes out of this.
$BTC #BTC
The Dutch government is not contemplating the establishment of a Bitcoin reserve in any substantive manner.
The Forum for Democracy (FVD), a political party with a mere three seats out of the 150 in the House. Is the sole proponent of such an idea. This party is frequently characterized by its unorthodox and idiosyncratic approaches.
While their stance on this matter is imo pretty solid, their positions on other issues are not that in sync with the rest of the House. In any event, the overwhelming majority of the House (147 members) mostly diverges from FVD's perspectives.
It is highly improbable that the Netherlands is seriously considering the adoption of a Bitcoin reserve.
Very common pattern for $BTC dominance from what I have seen from many years of trading.
Big bearish divergence on RSI aswell on Awesome Oscilator, push one more legg.
Then retrace.
If that happens, I will say out loud it the start of the #altseason.