At the moment, we're seeing many negative signs:
I originally mentioned 9k one month ago. Now that we appear to be on course to go under that, I'm getting a feeling that a GIGANTIC pump is incoming. Here are some of my reasons:
Once again, when you think it's going down, that's when bitcoin will get a gigantic pump & leave you behind.
- increased volatility (see the two purple lines)
- price staying under the 90D EMA & under the .382x of the last rally
- loads of negative news (or is it rumors?)
- absolutely no reversal pattern
I originally mentioned 9k one month ago. Now that we appear to be on course to go under that, I'm getting a feeling that a GIGANTIC pump is incoming. Here are some of my reasons:
- "experts" on TV no longer say "long" and instead start "looking into the long term" --- does it take an expert to predict almost everything will eventually go up in price (e.g. potatoes, cucumbers, & tulips)? yes, I'm sure tulips are now more expensive than in the 17th century.
- we've only been hearing negative rumors, but nothing has actually happened that'll undermine the future of crypto
- ETFs have already been listed on Nasdaq
- money-making is quicker on the way up than down. of course, dumping BTC is to get into cheap alts.
Once again, when you think it's going down, that's when bitcoin will get a gigantic pump & leave you behind.
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(R) should come after "PUMP"
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Unfortunately, many "experts" here started saying "long" again yesterday. I don't know if they're dumb or dump.
