BitcoinLong
Bull flag forming
A bull flag has formed which has a 67% chance of predicting an upward movement.
I am cautiously optimistic that the pump is not going to be followed up with a dump. The reason being is that I think most of the massive pump and dump movements are caused by bots operating in a low liquidity environment, not the result of whales dumping. I have seen the results of whales dumping before and they usually occurred unexpectedly (so no point trying to predict them).
In the last pump and dump, which happened the price was flat for an hour or 2 with massive upper and lower wicks, showing a stalemate. This time appears different in that a clear bullish flag is forming.
We will see. Draw those trend lines and only act when it's clear the trend is invalidated.
I am cautiously optimistic that the pump is not going to be followed up with a dump. The reason being is that I think most of the massive pump and dump movements are caused by bots operating in a low liquidity environment, not the result of whales dumping. I have seen the results of whales dumping before and they usually occurred unexpectedly (so no point trying to predict them).
In the last pump and dump, which happened the price was flat for an hour or 2 with massive upper and lower wicks, showing a stalemate. This time appears different in that a clear bullish flag is forming.
We will see. Draw those trend lines and only act when it's clear the trend is invalidated.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.