So, I stopped making graphs due to... well I don't really know. I lost my mojo, felt like nothing was right. But now I think I'm back in the game.
READ GRAPH FIRST
So my overall verdict, is I think we will dip FIRST, to the bottom of the cloud, there isnt a lot of volume at the minute supporting the mystery buyer pump. Which seems to keep happening. If you havent heard there is a lot of manipulation going on. But thankfully for us its not constant, it just seems to be mega pumps or mega dumps. Ps. Fuck you Tokyo Whale.
There is still a lot of buying sentiment. Bitcoin is far from dead. ICO's might have stopped(ish) but there is still a lot of interest in bitcoin and other coins as a whole. This certainly isnt a bear market, and I imagine towards september we will pick up. I can't remember who said it, it was "33k by July" but I thoroughly agree with that statement. We could dip to 5.5k next and Ill be happy. I will post another graph soon with my 5 min candles, since this is good for shorting and longing on Bitmex.
EDIT okay so I legit left this for 2 hours and it legit dumped down. Good thing I DIDNT SELL BECAUSE I WAS AFK. Confirms the stoch theory to be honest.
Long from below! :D
READ GRAPH FIRST
So my overall verdict, is I think we will dip FIRST, to the bottom of the cloud, there isnt a lot of volume at the minute supporting the mystery buyer pump. Which seems to keep happening. If you havent heard there is a lot of manipulation going on. But thankfully for us its not constant, it just seems to be mega pumps or mega dumps. Ps. Fuck you Tokyo Whale.
There is still a lot of buying sentiment. Bitcoin is far from dead. ICO's might have stopped(ish) but there is still a lot of interest in bitcoin and other coins as a whole. This certainly isnt a bear market, and I imagine towards september we will pick up. I can't remember who said it, it was "33k by July" but I thoroughly agree with that statement. We could dip to 5.5k next and Ill be happy. I will post another graph soon with my 5 min candles, since this is good for shorting and longing on Bitmex.
EDIT okay so I legit left this for 2 hours and it legit dumped down. Good thing I DIDNT SELL BECAUSE I WAS AFK. Confirms the stoch theory to be honest.
Long from below! :D