i am not a financial adviser, not giving financial advise, trade at your own risk!
today a bit of a dramatic title so make sure you see what i think i see.
pump and dump is destroying the markets. the pattern is like this always:
1. big price spikes upwards, hundred, hundreds, even thousand or more dollars in the range of minutes sometimes! which...
this is no financial advice, trade at your own risk!
we are currently trading the "sinus waves of boringness" - up down, reaching the same resistance points, down again.
i make a wild guess: with 90% chance we will see a breakout to the top.
pump attracts new traders, more liqduity to pull pump & dump
the downside (support) has been teste...
so i looked at btc/usd again, good thing first: price is up to 10k$ again, bulls are not dead yet.
BUT the big issue: maybe news related (keywords: SEC, bitmex, bitfinex, law, NYAG): the big exchanges bitmex and bitfinex lost a lot of traders, order books
are shrinking there, traders left, volumes are low.
why is this an issue for whales? because if...
Bitcoin: Spikes up, spikes down, low volume, idk whats going on?
Tell me in your comments below, the low volume we observe recently - will it bring a "rescue pump", sideways or ppl get scared and dump it more? Idk, so many possibilites.. maybe you guys know?
WARNING: Trade at your own risk, this is speculation, no fincancial advise!
we have 3 indicators that show us a high likeliness of a "rescue pump" of 250+$ in the next 7 days
1) 2,5 days of sideways already, a breakout in up or down direction should follow now
2) low volume, easy to move the market
3) it happened in the past like this: bart pattern (big...
we just got dumped down, a clean slate for some pumping!
now we usually observe sideways trading (i call it the uncertainty zone) -up down up down... no clear direction. people are unsure and do not make big moves up or down.
NEXT (in maxt 7 days): the only way is up, means a pump of i guess 200$ or more.
will we see some new barts popping up...
in the last weeks you BARTed us so many times (bart pattern: sudden spike up, stable for some time with small jitter, sudden strong dump down), you like to bart!
so i expect in the coming 7 days atleast one strong move up ( + ~ 400$!) as next price action since we finished the dump down phase of the recent bart.
please do not be afraid, show us a clear signal. we do not want sideways action (after you recently dumped on us). what we want is a clear signal, make please cryptos go 20% up or down in price!
if we continue this boring sidways that started after you dumped is unto the ground, volume will go lowe and lower, sideways is boring for...
So I guess thats what everyone is thinking recently:
1) Wow, BTC above 10k again, its so strong, I was so stupid when I sold cheap.
2) I only have X bitcoins , I want X times 2 bitcoins or maybe even more for more profits.
3) Wow, price just dumped a bit, lets use this chance and quickly buy some more before it soon will be worth a lot more.
My summary: LONG,...