news 
Veteran Trader Tone Vays Back to Bitcoin (BTC) Long at $100,000
Tone Vays, a veteran trader and prominent figure in the crypto community, has made a surprising move by going long on Bitcoin (BTC) again, despite its recent price fluctuations. This decision comes as a surprise considering the current market conditions.
In a recent tweet, Vays announced his shift to a bullish stance, stating that he is “back to being long” at $100,000. This sudden change in sentiment has sent shockwaves through the crypto community, with many traders and investors left scratching their heads.
Vays’ decision is particularly intriguing given the current state of the market. Just yesterday, we saw Bitcoin’s price surge from $99,000 to $102,200 before plummeting to $100,500 due to intense trading activity. This volatility has led to a significant amount of liquidations, with CoinGlass data revealing an astonishing $212 million in liquidated positions.
As Vays himself noted, his decision to go long is not based on any specific technical analysis or market indicators but rather his own intuition and gut feeling. According to the veteran trader, he believes that “the Bart Simpson Pattern” played out, which led him to reassess his stance and change his position accordingly.
For those unfamiliar with the term, the “Bart Simpson Pattern” refers to a specific price action pattern characterized by a rapid surge followed by a sharp correction. In this case, the market’s intense fluctuations resulted in this particular pattern forming, compelling Vays to reevaluate his strategy.
While it remains unclear what future developments may bring, one thing is certain – Tone Vays’ latest move will undoubtedly spark intense debate and speculation within the crypto community.
Source: u.today
