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Updated
Unless we see today new highs, my vision is that this pump has come to an end. Although I have not sent the signal to my private group yet, I opened a small short position right from this point which I may close if we go up at around 5200.
The thing that we closed yesterday daily candle above 200 EMA is not meaning that we have left the bear market at all. Sentiment now is bullish of course, we pumped $1000 in a matter of minutes, that makes happy many, and I´m extremely bullish in Bitcoin in long term basis, but just in long term.
This market if full of thrash everywhere, do you really see now another 2017 with shitcoins getting pumped all over the market? You kidding me don´t you...Even Bcash is a shit coin, the fact that has a big market cap is doesn’t mean that it has a real value even if it had more than 50% gains in just one day. Big blocks? Yeah sure…Bitcoin and just a very small group of coins are the one surviving this bear market, that´s a fact.
So let´s talk about indicators…90% of them are bullish! But just like when I called the last time a correction before the pump, all the indicators were bearish, I mean ALL, and yet the price started a remarkable candle that many think it will turn the market into bullish.
Well this is just my first idea of what I think is the start of another huge 5 impulsive waves down.
Join my free telegram group for signals and daily updates, thanks for watching.
The thing that we closed yesterday daily candle above 200 EMA is not meaning that we have left the bear market at all. Sentiment now is bullish of course, we pumped $1000 in a matter of minutes, that makes happy many, and I´m extremely bullish in Bitcoin in long term basis, but just in long term.
This market if full of thrash everywhere, do you really see now another 2017 with shitcoins getting pumped all over the market? You kidding me don´t you...Even Bcash is a shit coin, the fact that has a big market cap is doesn’t mean that it has a real value even if it had more than 50% gains in just one day. Big blocks? Yeah sure…Bitcoin and just a very small group of coins are the one surviving this bear market, that´s a fact.
So let´s talk about indicators…90% of them are bullish! But just like when I called the last time a correction before the pump, all the indicators were bearish, I mean ALL, and yet the price started a remarkable candle that many think it will turn the market into bullish.
Well this is just my first idea of what I think is the start of another huge 5 impulsive waves down.
Join my free telegram group for signals and daily updates, thanks for watching.
Note
I wont close my position until 5300, as I said is a small one. I´ll be sending signals once the thing is totally clear, hope is not too late.Note
I freaking love when I see 95% of the trading ideas bullish in TV, that’s an excellent index to guess what’s next...what do you think whales do when they have liquidity?Note
The retrace took more than expected. I sent short signals in my telegram group at 5250 XBT as well as other higher price for LTC and EOS. We made around 25% profit in each signal.
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