1) fake $6k bottom 2) thus failed pump 3) thus harsh punishment 4) finally successful pump 5) ?!? what will they do next ?!?
that latest pump was not just some new player coming in with fresh fiat, that was from the same whales that have been trying to manipulate the markets for years and finally got 1 move right ;-)
how I see it, 2 possibilities;
1) the same group of whales pump another 400-500-600 million USD into the btc market ... they're probably doing that right now ... which is why it keeps pumping; it's them !!
2) massive correction
combined with the assumption that they know that as well; I can't imagine they would just let it drop again, so ... they don't really have any other option but to keep pumping fiat into the market, it's do or die for them
nothing personal, but I hope they fail and that we see a massive correction; a small group of whales controlling the market ... that's not how it supposed to be
that latest pump was not just some new player coming in with fresh fiat, that was from the same whales that have been trying to manipulate the markets for years and finally got 1 move right ;-)
how I see it, 2 possibilities;
1) the same group of whales pump another 400-500-600 million USD into the btc market ... they're probably doing that right now ... which is why it keeps pumping; it's them !!
2) massive correction
combined with the assumption that they know that as well; I can't imagine they would just let it drop again, so ... they don't really have any other option but to keep pumping fiat into the market, it's do or die for them
nothing personal, but I hope they fail and that we see a massive correction; a small group of whales controlling the market ... that's not how it supposed to be
Comment:
well ... they're almost there ... once they break the $8k level, they can take let it go ... assuming it will take a dive, but that the $6k level will hold
lots of assumptions ... wait and see if they break the $8k first
lots of assumptions ... wait and see if they break the $8k first
Comment:
still in play
what would I do if I have 1 million bitcoins and 1 billion usd dollars and the price of bitcoin is at $4k ?
I would buy 25k bitcoins for 100 million dollar and from there on keep buying until we break $8k in the hopes we reach that before I run out of cash ...
PS: I wouldn't be doing that alone either; I would have a team of experts, each with their own team and then a coordination team etc etc ... I would have at least 200 people working on this
because at $4k my 1 million bitcoins are worth 4 billion, but at $6k ... it's 6 billion ... that's worth paying a huge fucking team ...
and now we can run that assumption again, but then with a group of whales that are all together worth somewhere between the 3 to 5 million bitcoins and they have more than billions of cash at hand, they also have hundreds of millions revenue streams and thousands of contacts to influence to make sure nobody sells until we reach $8k ... that's when we'll see a massive drop, because once they reach $8k, that should then mean $6k is the support
that such theories only work in an organic market might be the thing they failed to learn from their fake $6k bottom before ...
if they keep pumping to $8k to then let go, thinking it's safe as it will bounce off the $6k level ... I predict the most massive, spectacular drop in bitcoin history, it will be a day to remember
again ... just guessing, because my TA tells me we're to get a correction before we reach $7k, which those whales can see as well, so ... will they pump? do they have enough hundreds of millions left to break $7k and push for $8k ... I don't know
we'll know soon enough