Home Artists Posts Import Register

Content

Hey team - this data is a day late after my miner analysis yesterday but I did forecast more miner dumpage.  well that dumpage just hit a new all time high. 

i expect more sell pressure on BTC - we are not out of the woods yet

my strategy is buy at bottoms and sell at tops scalping out $600 to $800 per trade per bitcoin. 

Thanks Sanjay for sharing. 

Files

Comments

Anonymous

Guys I am not the market wizard here but have been making Btc trades like clock work all during this sideways move between 17-23k. Strategy is simple I have LO for buy and once the trade close I open a counter trade for sell with a spread of 9-10% i have levels on all levels and pocket the difference every couple of days. These are the trades that would anyway wind up being made with my DCA strategy on the way down. There is no indicators, sleeples nights and the worst thing that can happen is that btc goes below 17 where I would keep the btc I bought in all the levels above as if I DCA'd. If that happened my other LOs would trigger all the way to 12k

Anonymous

I wish this chart had more refined data points because it does not match the data on Crypto Quant's All Miner Outflow. It shows a decrease in the out flow of late.