whales in control till halving, caution!
sorry all, I had to have a shoulder replacement surgery due to my constant abuse of my body via board sports, surfing snowboarding and the final killer, MARLIN FISHING! caught my first 100+ striped marlin and it finished ripping my shoulder up, but the battle was fierce and sooo worth it! i would like to take a few minutes to tell you in my opinion where we are at in regards to the halving and importantly for margins trading, what that means,..
as you can see the bears and or whaleholes succeeded in a final dump down below and you will notice that there has twice been such strong resistance at the 7600 level and i will tell you WHY- THE MEAN AVERAGE COST OF MINING 1 BTC AT THE CURRENT MOMENT WORLD WIDE IS ROUGHLY 7,300$.... TRADITIONALLY WHEN THE COST BTC APPROACHES THE COST OF MINING IT MEATS AN UNBREAKABLE RESISTANCE, LEVERAGE POWER OR NAUGHT... THE MINERS JUST WONT ALLOW IT TO FALL INTO THE RED FOR THEM! THERE IS TO MUCH MONEY IN THESE OPS, I KNOW, I HELP BUILDL A LOT OF THEM!
that being said, i think as my crappy little chart points out that we are in for more of the same and this is what i am told by the whaleholes that still feed me snippits of info to. they want to keep the price relatively flatline controlled until the upward pressure has built to the halving then there will be a block starving and fomo unlike the world hath ever seen... it will be glorious! so if you want to make strong returns, easy on the margins unless your just keeping your game sharp or you know whaleholes of your own.. best to hodl the bitcoins we have than to risk getting them taken by an angry pod of whales.... i am stepping back from leveraging BTC for now, will report back when the time draweth nigh. I will be doing some charts on ALTs I find to be promising, including some sleapers you may not have heard of ;) best of luck and trade hard but safe my fridends! the whales lurketh 2% back on both sides of the books! be weary! your friend, the geek and his Op$
as you can see the bears and or whaleholes succeeded in a final dump down below and you will notice that there has twice been such strong resistance at the 7600 level and i will tell you WHY- THE MEAN AVERAGE COST OF MINING 1 BTC AT THE CURRENT MOMENT WORLD WIDE IS ROUGHLY 7,300$.... TRADITIONALLY WHEN THE COST BTC APPROACHES THE COST OF MINING IT MEATS AN UNBREAKABLE RESISTANCE, LEVERAGE POWER OR NAUGHT... THE MINERS JUST WONT ALLOW IT TO FALL INTO THE RED FOR THEM! THERE IS TO MUCH MONEY IN THESE OPS, I KNOW, I HELP BUILDL A LOT OF THEM!
that being said, i think as my crappy little chart points out that we are in for more of the same and this is what i am told by the whaleholes that still feed me snippits of info to. they want to keep the price relatively flatline controlled until the upward pressure has built to the halving then there will be a block starving and fomo unlike the world hath ever seen... it will be glorious! so if you want to make strong returns, easy on the margins unless your just keeping your game sharp or you know whaleholes of your own.. best to hodl the bitcoins we have than to risk getting them taken by an angry pod of whales.... i am stepping back from leveraging BTC for now, will report back when the time draweth nigh. I will be doing some charts on ALTs I find to be promising, including some sleapers you may not have heard of ;) best of luck and trade hard but safe my fridends! the whales lurketh 2% back on both sides of the books! be weary! your friend, the geek and his Op$
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