Oliver’s Trade

2021-02-28 17:14:53 $BTC Net PnL turned negative first time since September 2020

This dip (to $40K or whatever) is going to be the ultimate buying opportunity for the next few months Open / Comment

2021-02-28 12:16:04 Despite the lower low on $BTC, the horizontal support still holds

Moreover, we’ve got the 3rd drive on the bullish divergence

Regaining the EMA 200 would be a bullish signal

On the other hand, going below the low 3 would take us to Support 2 Open / Comment

2021-02-28 12:00:09 So, miners did sell and the $BTC low has been swept

The balance of power looks like this:

US Institutional Investors
- Coinbase Outflow = STRONG BUY
- Coinbase Premium = BUY

BTC Whales
- $BTC Reserve = BUY
- Stablecoin Inflow TXs = BUY

Miners
- Miner Outflows = SELL
- Miner to Exchange Flows = SELL


Miners just want to take profits. And the institutional buyers want it cheap Open / Comment

2021-02-27 23:22:09 $LINK broke out of the triangle and now pushing through my yellow moving average

Can decently rally if $BTC doesn’t ruin this setup Open / Comment

2021-02-27 19:57:29 Affiliated miners from F2Pool are withdrawing massive amounts of $BTC again

They were the same miner's from the $30k drop that were selling

This can potentially cause one more leg down if they do market sell Open / Comment

2021-02-27 14:10:37 $AXS regained a very important moving average

Now it should rally to the white resistance trend line and if that fails to reject, $AXS will probably try to challenge the all time high Open / Comment

2021-02-27 11:13:45 And here comes the 1.9 trillion stimulus, more than 2 times $BTC‘s marketcap created out of thin air in an instant! --> Bullish for #Bitcoin

Don’t forget that the first stimulus plan started the $BTC parabolic run


#Bitcoin will remain scarce and capped at 21 million no matter how much USD is conjured by magic wands of the government Open / Comment

2021-02-27 10:48:42 $BTC SOPR

SOPR is the profit sitting in coins (price paid vs price sold... like a PnL), when it resets to 1 then the profit taking is over and the next leg up begins. LFG Open / Comment

2021-02-26 20:56:38 Coinbase premium turned to positive

Why is this important?

Coinbase is the exchange that institutions use and the only one with a prime brokerage type service. It also doesn't offer derivatives. Therefore the Coinbase premium indicates the market is being led by institutional/HNWI spot demand rather than futures or retail Open / Comment

2021-02-26 16:38:01 $AION is preparing something MASSIVE

Volume has been decently increasing since mid January

Should only break through the resistance to rally hard Open / Comment