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RE: Bitcoin: Possible last minute pump
Steem pump = Bitcoin dump.
I have conflicting feelings here.
Thanks for sharing it, dear friend @gungho.
Steem pump = Bitcoin dump.
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.