dansharp

Nice Little Holiday Bitcoin Pump [Upcoming Bearish Reversal]

KRAKEN:XBTUSD   XBT / USD
Quick analysis of this weeks pump.

Not going to go into much detail, don't think its worth the time. I don't see this is as a market recovery or even a major trend reversal.
The whales are savages and they don't mind breaking everyone's heart.
There's no difference between bull and bear whales. Always remember that.
For all you know, this pump was just to fill bags for some upcoming end of year shorts.

A lot of it seemed synthetic, don't think we've seen the bottom yet.
Don't be sad when the bulls turn into bears and dump their bags people. You should all be used to it by now.
Trade closed: target reached: First target reached, more thoughts on our next moves...

Comment: MORE BULLISH SCENARIO... Gotta work for both sides :)

Comment: Looks like I nailed this one :)

Comments

Very solid post, good job!
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dansharp Audicted
@Audicted, Thank you sir!
Reply
The only thing that concerns me is it’s all been terribly predictable up to now (and very easy to short/long... the whales don’t usually play so friendly with us.
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dansharp BCryptological
@BCryptological, agreed sir. While they did throw a few curve balls this run up, we didn't see as many liquidations on longs and shorts as we usually do on
the margin casinos.

Part of me wants to feel some of it was "playing nice" as a tiny thank you for completely wrecking people's portfolios this last year (the volume wasn't that incredible) but the thought of that makes laugh at myself.

Unregulated markets = unregulated infinite greed. When you think they've have enough (oh and they do), they're drooling to dump on the breakout of an ascending triangle or something.

That one crypto scammer kid in China was throwing millions of dollars off buildings out of guilt, screaming about 2019 bullrun. Maybe some of these whales are losing their minds? Hmm.
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Totally agree. Well said.
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dansharp Pyrroglaux
@Pyrroglaux, thank you my friend! :)
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