This post is from a low-reputation account and contains an unverified outbound link. Be cautious before clicking external links.

Consensus 2018 pump is on! Do we buy the rumor and sell the news? or HODL for the probable bull run?

Words
282
Reading
2 min
8y
Listen to this post
~2 min

I thought Id take a look at previous trading setups during the Consensus Conference from the years 2015-2017 by looking at their monthly and 3 Month charts. A common denominator I find in all of the setups was the "buy the rumor sell the news scenario" with a follow up to a start of bull run. However during the Consensus 2017 conference we were already in the middle of a bullrun and we still managed to have a good pump from the conference.

Screen Shot 2018-05-13 at 10.04.55 PM.png

"Consensus 2015" I see a pump initiating one week before the start and dumping 3 days after the event followed by less than 2 weeks of consolidation and the beginning of a bull run.

"Consensus 2016" I see a pump initiating 2 weeks before the start of the conference but slowly dumping days before the conference and then pumping again from the 1st day of the conference for the next 5 days before it dumps. Then it consolidates for the next 10 days before the beginning of a bull run.

"Consensus 2017" I see that Bitcoin was already in the middle of a full on bull run however you can see about 700USD of positive price action from May 22-24 during the conference. Bitcoin then dumped the day after for three days and then resumed its bullrun.

Either case wether you are a short or a long and simply based on historical data with the assumption the trend repeats we are all in for a good ride with entry into the next bull run. If you found this post helpful, feel free to join my facebook group: https://www.facebook.com/groups/953232388173897/ None of this is financial advice. This post is only my opinion.

Consensus 2018 pump is on! Do we buy the rumor and sell the news? ... | Ecency