MuleSkinner TA (@ta_mulle) 's Twitter Profile
MuleSkinner TA

@ta_mulle

Former Citi Trader (Citigroup) Retired! Traditional Markets /FX./ MEMER! // NFA u Dummies /Found only at twitch.tv/muleskinner1 - Trade Micro to hedge Macro

ID: 8257362

calendar_today18-08-2007 00:24:58

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$BTC I know of quite a few traders shorting BTC last night in the 54 to 55k range on big leverage. Tried to warn them that was a bad idea

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people who look at day to day and hourly chart on bitcoin are clueless. Bitcoin is a 4 to 5 year cycle for an excellent return and 8 to 10 year cycle for generational return

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$BTC experiencing some pullback, when everyone running for President has an inflationary agenda. Just use dips to add to your Bitty. Zero concern

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I'm only stating what I'm seeing from price action. All those bullish technical patterns have now failed to deliver. This is all inflated USD measurement anyways, this weekly candle is not looking good. Shooting star/inverted hammer. We need to pull this around

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In the past, BTC shorts (mainly institutional shorts).. pull some resources from short positions in BTC miners ...as they did today (cover some of their short positions in BTC miners), just before they are overwhelmed by BTC Longs

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The pull from other BTC related short positions, is to try to stall long enough for longs to let up. With steady pressure higher, BTC will likely be able to clear 108K overnight, and move to a new high.

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$BTC Support / Resistance Levels , Continuing to consolidate near the POC range. Needs to hold over 97k. For another push higher. If it doesn't then low 90's on radar