Believe it or not but, despite how painful it is, the accumulation of BITCOIN is increasing very encouragingly.
Of course, it is the whales and large institutions that are taking most of the BTC that other retailers are selling en masse at losses.
The graph that I show below says it all:
The bars in green signify the volume of BTC that is transferred from the HODLRS wallets to the exchanges, obviously to be sold at the top.
Red bars indicate the opposite, volume of BTC being mined from exchanges to be HODL on COLD WALLETS.
What is happening these last days?
Well the chart below is very clear, any value of BTC below 31000 is a good buy. From $31,000 to $25,000 is the accrual range.
I really believe that these accumulating BTCs are made by the big accounts that are leading all of this correction.
It would not be uncommon to see a last drop around 28,000 followed by a powerful recovery...
My entries are in this area, I don't think I'll make mistakes if I buy around...
Hope I am not wrong.
*Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently. Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.
Posted Using LeoFinance Beta
