Long BTC

19 paź 2020

After the recent range bound dynamics dominated by RORO and BTC following closely SP, today strong price despite stock selling off and breaking the recent range marked in the graph, while funding remains stable, large holders reaching new montly highs plus institutions continue to accumulate as an inflation hedge, is likely we´ll see a re-test of 12.400 and then a quick move towards 14k. Think the catalyst could be the capitalution of the short term sellers to capturate basis as vol continues to edge lower, but break of yearly highs could prompt vol to fuel again.

Comments highly welcome!