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File: 9 KB, 644x546, bearish pump.png [View same] [iqdb] [saucenao] [google]
57606669 No.57606669 [Reply] [Original]

Just so you know, they are right. While "bearish pump" sounds funny to newfag ears, it's an accurate way to describe market situations like these. The Volume has been falling during the pumpage from ~39k. Meaning dumpage is coming (after the pumpage) that brings the price down below pre-pumpage level. For those who don't know, that's what "Decreasing Volume, Rising Price" or in other words the term "bearish pump" means. Now you know. So let's say the pumpage stops at 55k for example: Because the pumpage occurred during falling Volume, that means from 55k a dump to sub 39k occurs (how much lower we can't know just by looking at this). Whatever the starting price of a "bearish pump" is, it goes lower after completion.

If the Volume had been rising during this pumpage, that would be bullish. That would indicate continued/sustained pumpage would follow which would take the price MUCH higher than wherever it will stop at in this situation which we're in now.

Naturally by simply looking at picrel it's impossible to know where the pumpage will stop. The Volume can keep falling and the price can keep rising for a while longer, but regardless of where the price stops what follows is dumpage greater than the pumpage that occurred during the falling Volume. That's the key thing to remember about this.

>but hold on OP, this makes me really angry!
>what about [insert institution name]? aren't they going to protect us?
>but miners wouldn't allow it due to mining cost!
>but my bags must get pumped!
>what about the halving?
>what about the ETF?
>b-but this time...
>what about...
Unfortunately, your feelings and your personal financial situation doesn't matter. Getting angry at this reality or coping using "institutions" or "ETF" or "halving" or other stuff, or engaging in any mental gymnastics won't change anything. You must always remember the market doesn't care about you.

>> No.57606684

I don't think the ETF buying is accurately represented in the volume.

>> No.57606723

>>57606684
I don't think ETF buying has any impact on price at all, in either direction.

>> No.57606727

No. Only if OBV is divergent with the price then the current volume doesn't support the price.
>>57606684
it is
>>57606723
lol

>> No.57606976

>>57606723
>potential sellers decide to sell OTC, meaning their liquidity will never enter the market on the sell side
>this decreases supply
>price rises

Of course the opposite can happen as well, but it is retarded to claim this has no effect on price.

>> No.57606989

>>57606669
>how much lower we can't know just by looking at this
Actually we can in fact know, if we look at the monthly timeframe. What you posted is the weekly. The volume on the monthly has been overall sinking since 15.5k. So we know that when this pump ends, the price will go lower than 15.5k – most likely to just below 10k, as there's a juicy CME gap at $9700.

>> No.57607245

>>57606989
This. A slight dip below 10k is looking more and more obvious.

>> No.57607262

>>57606989
>>57607245
Retards lmao.

>> No.57607304

>>57607245
MOMMY, MOOOOMMY COME QUICK, I CAN PWEDICT BITCOIN MOOOMMMMMMMMMMMMMMY COME LOOK!

>> No.57607377

>>57606669
Post shorts

>> No.57607452
File: 5 KB, 211x239, cMAfvGXs.png [View same] [iqdb] [saucenao] [google]
57607452

>>57607377
>missed the part saying "looking at picrel it's impossible to know where the pumpage will stop" and "let's say the pumpage stops at 55k"

>> No.57607467

>>57606669
What happens if volume spikes in a few days and the price is now 80k? You'd be fucked if you followed that indicator

>> No.57607620

>>57607304
>anger
Bearish. The more people get angry at 10k calls, the more probable it is 10k is happening. It's a social indicator that has proven quite reliable.

>> No.57607670
File: 124 KB, 1201x1068, 1707663010674668.jpg [View same] [iqdb] [saucenao] [google]
57607670

>>57607245
Yeah just a quickie

>> No.57607743

>line go up line go down
>no one cares about you

Great thanks anon

>> No.57607843
File: 93 KB, 994x662, 1692565140447864.jpg [View same] [iqdb] [saucenao] [google]
57607843

>>57607743
> >line go up line go down
He's saying it will go down more than it has/will gone/go up (since 39k), though. Please pay more attention anon. It's those little details that matter.

>> No.57608024

i know the concept of a bearish pump but if you're looking at the volume decreasing then you'd have been bearish since 25k. like an anon said up there the true trading volume either isnt being reported in the data or the previous high trading volume was wash trading that isnt happening anymore

>> No.57608377

>>57606669
Your posts are cancer. I'd rather read capo.

>> No.57608473

>>57608024
Also supply is significantly lower than at any point before so it makes sense for volume to be lower.

>> No.57608615

naturally, biztards have no clue what what an etf is or what it means for crypto
see you at $69k

>> No.57608637

>>57608615
>plebbitors have no clue what what an etf is or what it means for crypto
Exactly, it's the most bearish thing that can possibly happen to crypto.

>> No.57608673

would be interesting to see how suchsuch analysis corresponds with past performance over the years
wonder if glassnode has this kind of plot
updoot if you agree, doots

>> No.57609011

>>57608615
>biztards
Why don't you just go back?

>> No.57609203
File: 18 KB, 800x800, 1692605408583661.png [View same] [iqdb] [saucenao] [google]
57609203

>>57608615
>thinking ETFs are bullish

>> No.57609260

>>57606723
lmao

>> No.57609339

>>57606669
i recegonize your style op you are the same one that always plays to the emotions of newfags while saying you dont analyse with emotions
i salute your efforts to fud out the newfags but this aint 2016 no more who is in now wont be bother by any of this
both ends of the iq curve make money, the middle is long gone and will not be back till 100k, save your skills for then op

>> No.57609463

>>57609260
>lmao
Explain how the ETF is going to cause Bitcoin to dump to 10k. Hardmode: Explain the mechanics of it, exactly what would cause it.

>> No.57609496

>>57606669
ok show me ur stablecoins

>> No.57609503

>>57606669
10k is literally programmed

>> No.57609509

Compare to 2021 volume next.

>> No.57609592
File: 56 KB, 640x665, 1463454640715.jpg [View same] [iqdb] [saucenao] [google]
57609592

>>57606669
At this point It feels just like an online casino, i rather stop pretending and get some money on various auctions around eesee.
that way at least i could directly speculate over some prices.
Im already 30$ up over 200$ intro. So i guess its ok.

>> No.57609709

>>57606989
CME gaps are extremely powerful. They should never be taken lightly. There is a gigantic one at 20k. It will probably get filled.

>> No.57610238

>>57609709
What fucking bot spams that retarded gap fud? It's in every second thread

>> No.57610266

>>57610238
>thinks CME gaps are FUD
Newfag detected. Bet you weren't even in crypto yet when the 18k gap filled.

>> No.57610288

>>57609463
custodian gets hacked and boomers get scared
etfs get delisted
boom

>> No.57611129

>>57610288
or just a recession in 2024-2025.

>> No.57611252

>>57610266
discussing cme gaps is xrp schizo tier