but but... they said Bullrun???!! ThEy SaiD BotTom in! wink wink
Now Bitfinex has the claws of NY AG around their neck and their cold wallet is moving money out like crazy. ICO's are basically dead. the main 2 catalyst that pumped the price to epic highs are "gone".
Thinking bullrun will start now is stupid and doesn't make any sense. I ask you what is the reason BTC will have massive bullrun? real world usage? adoption? please dude wake up.
People like Willy Woo, David Puell and Murad telling us the bearmarket is over cus they invented some fancy looking indicator that predicts the bottom. the point is that BTC only has 2 previous bearmarkets. there is simply not enough data to check if the fancy new indicators are accurate most of the times. and of the 2 previous bearmarkets there is only 1 bearmarket that is almost similar like this current market.
Rather trade what the charts are telling you now instead of comparing every piece of charts to 2014-2015 bear markets.
Don't long resistance and don't short support. Ogaah boogah blah blah WhAt?? look at charts we are at major Resistance.
I think we gonna see lower.
Short it. close some at red box and short again when it has deadcat bounce. keep shorting the shit of it until there is a flat phase of accumulation and the biggest bulls are turned into steak.
It is obvious that market is reacting to what bitfinex does since the volume of bitfinex is very different from all the others. the pump candles are very big with lots of volume while the red candles are small with way less volume than for example same candle in bitmex.
This pump is fake as fuck. soon my friends, soon the hungry bear will awake.