Bitcoin: Possible last minute pump
Room to pump for Bitcoin
Resistance 1: $11,837 (orange line)
Resistance 2: $12,016 (red line)
Another chart suggests...
aaaaaand another chart
Etherium: room to pump
Link: room to pump
Even the alts, such as ETH and LINK, have room to hit resistance. After hit, then down we go.
Steem pump = Bitcoin dump.
There you go. This says it all.
Im not telling anyone to long bitcoin or to be bullish. Im just mentioning that there could be a big pump before the dump. It will be fast. Zip zip! Then over before you know it. To me, this is considered a Bull Trap and i wouldn't fomo in, not knowing its coming right back down. But it could be a chance for profit. I dont know. When? Sometime/anytime within the next 10 hours.
Dont forget the "sunday dump".
It could hit between 11,700~11,800.
Im guessing the latter.
Trade safely~ none of this is advice.
I only tell it how I see it in the charts.
Bye for now.
I have conflicting feelings here.
Thanks for sharing it, dear friend @gungho.
Usually I can notice after a big steem pump, for example going from 1400 sats to 1583 sats in one day, now that's a huge pump from steem. I can find that the next day, there is usually a big bitcoin dump. That's what I meant. If bitcoin suddenly wants to pump, many of the altcoins drop down a little just before to create a profit gap (especially Link). Then the alts follow bitcoin on its bull run escapade going up. This is just from my experience. These are just little indicators that I use that can help give me a hint on the direction of bitcoin.
I perfectly understood your initial approach and I must tell you that I fully support it.
I have also noticed this almost inversely proportional behavior of Steem with respect to BTC. Of course, I have not detailed in-depth as you do.
I love seeing your graphs and TA on Project Hope, thanks for posting with us.