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Gary Black

@garyblack00

Several large institutions’ equity investments in FTX were eviscerated today after FTX asked Binance the #1 crypto exchange to bail them out after they became insolvent following massive withdrawals of FTX’s crypto deposits. #XBT -11% to $18.5K. theinformation.com/articles/ftx-v…

I will continue to warn about #btc falling in the aftermath of the takeouts of FTX. #btc has no cash flows or earnings so there’s no intrinsic value. There’s no way to even put a comparable multiple of anything on it. It’s a greater fool theory asset. It’s value should be zero.

Huge difference between $TSLA and #btc: whether you agree or not, you can put a value on $TSLA based on earnings or cash flow. There’s no way to do that with #BTC. With fine art and collectibles there’s scarcity value and comparables. BTC isn’t scarce with 21M coins possible.

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Feras_Y

@FeraSY1

#Bitcoin
Very possible intra-week scenario is forming here

Retest of 6900 (with acceptable wick to 6700) to test the lower boundary of the channel before next Move UP

#BTC $XBT

#Bitcoin
far from #USOIL , let's focus on our shit

We have approached the channel support now
My Plan:
Holding it -> Long
Losing it -> Wait for 6.7
6.7 Hold -> Long
Losing 6.7 -> Short

Holding with buy back volume + Bullish Div on Lower TFs

#BTC #XBT

#Bitcoin update 🔥

The Channel is IN PLAY, #BTC is Bouncing of its border rn

to be said, Phemex chart is the cleanest, I was trapped using XBT chart

Give it a try & claim 102$ Welcome/deposit bonus & Free access to my Phemex Pairs TA & Trading group

👇
bit.ly/TradeMajors

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