🚨#BTC MARKET UPDATE🚨
1/ Did I trade the 2023 rally (so far) bullish? Yes.
Do I consider the underlying trend still bearish? Yes.
🧵A thread why:🧵
#bitcoin#altcoins#crypto#trading#analysis
@SamsonRamble This is what I expect.. yeah..
Because #Blackrock is not the same like @saylor who frequently buys the top 🤣
BR has e.g. pension funds' AUM and their risk policies won't even allow to buy a highly volatile asset like crypto at current price with size.
Fancy (minor) plot twist:
How about #Blackrock never intended to file for the ETF successfully(!) and it was all about to push the price above the 30k strikeprice before the half yr options expiry?
Coincidentally, the #SEC negative decision gets announced a few of hrs later 😇
1/
It's been awhile but #bitcoin market was just not attractive to trade for me recently.
Nonetheless, I will share my humble opinion what my strategy would be in terms of #crypto if I was the Head of Hedge Funds and liquid alternatives at #Blackrock:
So far, this is exactly what happened 👇👇👇
Now, some irrelevant PA during weekend, squeezing early shorters after weekly closure by pushing the price above current high and then... down.
Sorry but I don't make the rules.
LMAO 🤣
How does one think that #Blackrock filed for their ETF in an inadequate manner?
Does this guy know who was responsible for the filing at BR??
Does he seriously think there was even the smallest chance to do it better IF THEY COULD?? 🤣🤣🤦♂️
#btc
@thinkingvol@PelionCap @cmsintern It's pretty clear...
[..]did not meet the standards to prevent fraudulent practices[..]
means:
Go f.. off with your ETF filings until the entire market is regulated according to SEC's own standards 🤣
1/
It's been awhile but #bitcoin market was just not attractive to trade for me recently.
Nonetheless, I will share my humble opinion what my strategy would be in terms of #crypto if I was the Head of Hedge Funds and liquid alternatives at #Blackrock: