🟢 [ACCUMULATION] 🚨 🚨 🚨 🚨 🚨 🚨 1,808 $BTC (150,330,042 USD) transferred from #Kraken to unknown wallet

Whale cold wallet outflows
Big whale movement like this always makes me nervous. I checked the daily charts and we’re seeing some pretty clear bearish RSI divergence forming on the 4-hour, so if this is an exchange outflow preparing for a dump, it's not looking great for the bulls. Definitely keeping my eyes on the MACD to see if we get a bearish crossover soon. Don't go long just yet, guys.
 
[QUOTE="Zakami Ng, post: 2836]if this is an exchange outflow preparing for a dump, it's not looking great for the bulls.[/QUOTE]

Outflow actually means it's leaving the exchange to a private wallet, which is usually bullish accumulation, not a dump.

But honestly, who cares about the 4h MACD right now? We have CPI dropping this week. That macro data is going to dictate where we go next, not some random Kraken transfer. I'm staying flat until the inflation numbers print.
 
@LucasBennet Honestly, you're both overthinking the noise. Whether it's an exchange outflow or inflow, the charts don't lie. Look at the H4, we're testing that major structural support level and holding it just fine. As long as we don't break below that horizontal level, I couldn't care less about what the whales or the CPI numbers are doing. Just trade the price action that’s right in front of you, not the headlines.
 
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