Are We Pumping Or Not?

Are We Pumping Or Not?

By Jelly Fish | cryptofun | 12 Mar 2021


It's funny to watch the cryptomarket these days. Looks like the average opinion still can't decide if we're pumping or not, even though BTC recently went from 47K (or even 43K) to 58K. Every now and then it dumps when NYSE session ends. The cryptonews "sentiment" is still mixed, like "it will pump unless it dumps".  No "altseason" yet, only pumps of hyped little shitcoins (the magic spell today is "NFT"), some alts still haven't recovered from the February dump.

Shortly, for me it looks like many people want to buy it very much, but are still scared that it suddenly dumps again. And even if they buy, they sell it right away on any "bearish" tweet...

Maybe it's The Great Dump Day Anniversary that makes people so nervous.

Personally, 2/3rds of me still believe that we're going up. In coming weeks we will see new ATHs, above 60K and I don't know how higher, followed by a global alts pump. In other words, today I'm pretty much bullish on pretty much everything.

However, 2/3rds of me also believe that winter is coming. Today's BTC pump leg is the last pump leg of the current bull run and the higher it goes, the deeper it will dump, 50% is the least.

Well, actually I have pretty much nothing to back my "predictions", no stats, no charts, no Fibonacci numbers, no insider info. So let's consider it a "gambler's bet", just for fun (BTC is at ~$56500 at the moment).

 

How do you rate this article?

14


Jelly Fish
Jelly Fish

Cryptofreak


cryptofun
cryptofun

Adventures of a cryptofreak: how to cook a cat and get rich quick with cryptocurrencies.

Publish0x

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.

Page not displaying correctly?