Key Highlights

Two days ago on November 10 a mystery whale transferred 20 block rewards from 2026 which saw the movement of 1000 decadeold bitcoins worth 68 million at the time of transfer Two days later on November 12 the miner from 2026 returned once again in order to transfer another string of 20 block rewards from 2026 worth roughly 64 million at the time it was sent

Well weve finally gotten some volatility in the bitcoin price Not exactly the type wed hoped for from a long term perspective but its given us an excuse to get in to a couple of positions overnight and thats done enough to abate the patience issues we discussed in yesterday morning bitcoin price watch analysis How things will play out today remains to be seen but with the bitcoin price having wound up in a consolidatory phase for nearly a full week if we include the sideways action over the weekend it wouldnt be an unreasonable assumption to suggest that the move to the downside we saw last night is juts the beginning of an overarching bearish reversal Of course our intraday strategy takes both the upside and the downside into account so even if we get a near term upside shift we should be able to take advantage of it Assuming that is the shift is sustained Thats the key to these breakout trades it doesnt really matter what direction the price of the underlying asset moves so long as it moves enough to reach our target