PumpyDumpy

PumpyDumpy Updated 

Say what you will, but I’m not impressed by the $100,000 level. It doesn’t feel like a milestone has been conquered, does it? The price action is way too narrow around this mark. If it’s going to turn into solid support, we need a convincing blast through that resistance—big green dilly, not this weak movement. I’m spotting a rising wedge pattern. Maybe it plays...

PumpyDumpy Updated 

Next stop: 52626.41 Or in the words of my friend, ChatGPT: In a remarkable display of resilience and momentum, Bitcoin is poised to shatter the $50,000 resistance level, heralding a new era of digital currency dominance. This pivotal moment comes as institutional investors and tech giants increasingly embrace Bitcoin, signaling a shift in perception towards...

PumpyDumpy Updated 

Tell me we're going to 10k without telling me we're going to 10k.... cheers

PumpyDumpy Updated 

Bitcoin's PA is full of shit. That's why one should look at ETHUSD, the number 2, to get a feeling of a cleaner PA. I openend a long after the breakout last week. Now, ETH appears to hit a months old non-horizontal resistance... Breaking it would be huge, but facing the macro-economic environment I'd be very careful betting here. The reasonable thing to do is to...

PumpyDumpy Updated 

Bitcoin needs a breather after all that hard work. Retracement till 48k would stil be bullish, however, the buying volume is immense and there's not enough fear in the market (yet) to reach those number. This retracement play can be lucrative. Interested to see what it will do around 53k. PS: DYOR and NFA

PumpyDumpy Updated 

Short and sweet, as usual ETHBTC hit weekly demand several time in a row and probably painted a reversal pattern. It's still trading in a bearish channel, but broke out of a short term super-bearish trend. Watch the upper side of the channel, if breakout than rocket time. Price may need to be squeezed more, but I don't expect it to fall below 0.06 ever...

PumpyDumpy

Short story only today, in bullet points: Four attempts to break the 40k failed, buyers noticed strong support and started to overbid each other. Local reversal activated with the last green dildo. Minor local resistance at 43.5k, shouldn't be a biggy to grind through, but could mean lower prices if bulls are rejected. Major confluence area at around...

PumpyDumpy

Hello all The past few weeks have been a very very tough for permabulls. After the historic liquidation session in May, an overwhelmingly bearish sentiment shook the markets and especially short-term paper handed b*tches. On-chain data was not too bright either, leading to the question whether it should be renamed to Ponzi-coin. Bitcoin was going to zero, or so...