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Banginggrove

hmm... whatever happens, i dont see bullish things... theres a wyckoff distribution scenario, theres the consolidative move followed by bear break, and theres the sell sided disequillibrium case. whatever happens, i think we have to pull back big in btcusd because of the power of trumps fed. im still bullish long term btcusd. bitcoin could go to $3k bitstamp, and coinbase could collapse before i would sell the core position at this point long. theres definitely puts to be had futures, and theres definitely short selling in all sorts of exchange and derivative product security as well as profit taking or stop loss and institutional activity bearishly due to the instability of the interest. the contrarian indication is sell and the major wave of buying is behind spot and actual names on the chain that the latency behind the product unit and the network is an astonishing rate given the exchange rate and comparison to the mining space as well as the comparison to alts. its not alt season, either. basically sell crypto, but its not impossible to see higher prices especially with how oversold the hourly is.
CME:BTC1!Short
by cerealpatterns
Updated

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