MicroStrategy may be as smart as ever to buy bitcoin prices (BTC) “during the crash”, while an indicator with a “perfect” history tells traders to buy.
In one TweetAs of June 15, the popular analyst will be Cole Garner signaled bullish signals for the ratio of Bitcoin to Stablecoin Ratio.
Buy or listen to the whale during the drop in prices?
After MicroStrategy announced it would raise an additional $ 1.5 billion, the proceeds of which could be used entirely to purchase Bitcoin, the BTC / USD pair cemented its support at USD 40,000.
The move followed praise from both Elon Musk and investor Paul Tudor Joneswith the latter now advocating a 5% position in BTC compared to the previous 1%.
At the moment, Bitcoin stablecoin oscillator predicts classic buying opportunities, even at new local highs.
The oscillator measures the amount of Bitcoin on exchanges in relation to the number of stablecoins. According to Garner, when the moving average of the ratio hits a lower bound, which is shown in green on an accompanying chart, it is time to enter BTC / USD.
The indicator has not failed a single time since 2019 to catch an upward trend in the Bitcoin market.
“A perfect BTFD hit rate since 2019, and just printed another purchase sign, “said Garner.
Ki Young Ju, CEO of the on-chain monitoring resource CryptoQuant, which however produces the indicator, signaled a possible new sale this week. This could come from Bitfinex, where a whale has built a significant short position..
“If the download occurs again, it could be from Bifinex”, told them Ki to his Twitter followers.
Most exchanges have digested most of the BTC inflows after the crash. Except Bitfinex. All eyes are on the whales of Finex.â ????
A trader looks at the “MicroStrategy fractal”
For MicroStrategy to allocate more money to Bitcoin, for his part, could be positive enough in and of itself to cheer the market up.
As Filbfilb, co-founder of the Decentrader trading suite, found MicroStrategy purchases have amazing timing when it comes to higher BTC spot prices.
Thesehe told his Telegram trading channel subscribers on Friday, it was more of a “fractal” than a casual relationship.
CEO Michael Saylor remains vocal about Bitcoin amid fundraising announcementsto gain a major platform in social media.
“If you invest 5% of your portfolio in Bitcoin, you have decided to invest 95% of your portfolio in assets that demonetize Bitcoin”, answeredTo Tudor Jones.