Some Ppl are likely about to make the Perfect Metals/BTC rollover trade- Riding both all the way up..
| Bitcoin is likely starting its rebound squeeze.. There is typically a perfect Gold-run-to-BTC run... and Some people are likely about to time it perfectly.. and end up riding both breakout runs. Due to the market cap difference, even a small rollover % has big impact.. 5% GLD rollover takes BTC over 200K.. But even 1% or 2% has a significant impact (this will likely accelerate the BTC squeeze run on the way up). Virtually no BTC natural resistance overheard (as its mostly all short leveraged positions).. The breakout squeeze is coiled.. net Supply is at all time lows, BTC is at historic oversold/RSI, Most ever short leverage overhead, and Supply derived price is already above 140K.. [link] [comments] |