From quite some time ago I've noticed that those of my notes which I deem the most interesting and important receive much less views (I don't even talk about tips) than my usual blogging bullshit. I don't know why it happens. Maybe I use the wrong tags. Maybe people simply love to listen to what they want to hear, but I fail to deliver them such a pleasure. Maybe my most importants are just really a bullshit in broken English. I'd love to know...
Recently I made a note about my observations of BTC charts. Well, here is a one more:
It's yesterday's BTC/USD 15-min chart -- and again a single big buy at 13:03 UTC triggered an avalanche of buys and short squeezes.
"And so what about that?", you might ask. If my conspiracy theory is right, what we see now might be a huge pump'n'dump scheme. In essence, it's pretty much the same as we've seen in shitcoins, only much bigger. In shitcoins pumps come and go within hours, but if you pump with US$ 13M lots -- it can take weeks or even months to develop. The difference between $11515 and $11820 is only 2.6%, and if you pump with dozens of millions USD, then +2.6% not enough to justify the risks involved. +26% looks more appropriate, or even better -- +260%. Just pump the dull market with 15 minutes buys until the market analysts, price predictors, and other "influencers" start jumping out of their pants promising $16K, $100K, $333K, $1M next year -- and the snowball will start rolling down the hill by itself, as more buyers hurry to join the party. Then sell your stake quietly and retire on the Bahamas. Some may call this "fraud", but I'd say c'est la vie. Just stay alert and try to be on the right side when the music stops playing... Well, it looks like I've said a bullshit, again.
My trading deals last days were mediocre as well. I started to read "market news" and listen to "crypto analysts" -- and that affected my trading quite negatively. Well, from my previous trading career I already knew that I shouldn't read that -- and I did it again... I was closing my BTC shorts too soon and opening them too late and managed to make only a couple of shitcoin trades that made me some tiny profits. However, I was primarily busy with funding my depo, and by the yesterday's pump I've had about 0.01 BTC there, like 90% in BTC. So I'm now "naturally BTC long" and hoping the pump to continue!
I decided to finish my deal with my caller guy. I don't say he's a scammer or something. On the contrary, he really tries to deliver good deals, and he does that rather often. He gave me several good ideas as well. Had I had a larger depo and more time for crypto activities, I'd love to have him at hand. But currently it simply doesn't pay itself off.
Today there's nothing more left to do about trading except to ride the current BTC pump wave. It looks like everyone is selling their shitcoins in order to get more BTC. Maybe now it's time to look for some picks among altcoins and to watch for a reaction in BTC.
