First of all, this is not a natural market recovery and i can't believe this is linked to that ETF thing with coinbase (numbers/capital expected simply don't match). I would more believe this was used as a Fomo momentum tool. Let me tell you a thing or two. Did you ever wondered why there are one or two major pumps each time and than gradually it seems the market is falling again.
Very simple, inside selling buying between whales (they really loose jack sh*t), aimed first at liquidating positions and triggering stop-losses. The price moves their direction, the bots are still buying and selling, but the buy orders are gradually lowering, while the sell orders slightly increase. Around that fase you have a big mathematical probability that more people will jump on board and bet (not trade, because it is betting..) the trend will continue...When a certain milepoint is reached the buy orders decline further and the sell order more. That results in the market crashing, followed by the same people jumping out now, because they are scared their positions might get liquidated again....They wait, don't put too much cash and start over.
They are making huge, but really huge amounts of money with this set up. The only nasty part is that it has a bit the same mechanics as a ponzy scheme, I believe this why they are crying and running after institutional investors, not too bring in more cash so that the market grows, but because of the money flood this will bring to them, as they own the market (bitmain 51% of Btc mining power)
www.financemagnates....ning-approaching-51/
In any case, I believe we are in fase 3, the slowly building off together with that TK Cross in the red cloud, I believe a sell off might be possible in the coming days Friday/Saturday. We might have a small pump before that, but nothing really major.
Trust your guts guys!!!
Very simple, inside selling buying between whales (they really loose jack sh*t), aimed first at liquidating positions and triggering stop-losses. The price moves their direction, the bots are still buying and selling, but the buy orders are gradually lowering, while the sell orders slightly increase. Around that fase you have a big mathematical probability that more people will jump on board and bet (not trade, because it is betting..) the trend will continue...When a certain milepoint is reached the buy orders decline further and the sell order more. That results in the market crashing, followed by the same people jumping out now, because they are scared their positions might get liquidated again....They wait, don't put too much cash and start over.
They are making huge, but really huge amounts of money with this set up. The only nasty part is that it has a bit the same mechanics as a ponzy scheme, I believe this why they are crying and running after institutional investors, not too bring in more cash so that the market grows, but because of the money flood this will bring to them, as they own the market (bitmain 51% of Btc mining power)
www.financemagnates....ning-approaching-51/
In any case, I believe we are in fase 3, the slowly building off together with that TK Cross in the red cloud, I believe a sell off might be possible in the coming days Friday/Saturday. We might have a small pump before that, but nothing really major.
Trust your guts guys!!!
Don't think this is the sell-off, just the buy order volume diminishing..Watch out for a sudden pump aiming at those that just opened a short position.