Fisher is indicating pump soon. It is pretty clear manipulation down but question is if there is support enough to keep trudging north. Ive sketched a fairly wide channel but it appears we are trading at the low. There is chance for more bear action if volumes are on the low side of things but I lean to a nice long at 8600-8650 with fairly tight stop is OK short term.
caution- I also think the last dump down from 9200 has scared many so fomo may be weaker for bulls over the next day or so... this leaves door open for a ...drum roll please... wait for it...a PUMP and DUMP
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caution- I also think the last dump down from 9200 has scared many so fomo may be weaker for bulls over the next day or so... this leaves door open for a ...drum roll please... wait for it...a PUMP and DUMP
(if you are interested in beta testing our blockchain based trading game smashtraders then please find our twitter and DM admin. Also get some SMASH- our new crypto to gain access to the genesis tournaments. The token economics and mining process for SMASH is explained in whitepaper summary on the website. Thanks for the support!)
Comment:
update: It has been trending as expected. Im long @8625 bitmex price.. I havent set a stop yet but I think 8550 type mark will blow theory out window. Everything tells me pump incoming but manipulation at these volumes very easy. Ive been watching bears try to dump price with limited success in past while... I feel decent move is upon us tho based on volume. MACD is baseline and needs the shock paddles to beat again...