Hello friends. It looks like our last idea for celsius was taken down due to an angry bag holder reporting it. So here is another idea wich the bag holders will kind of like, but it's also tough love. Celcius won't hit $100, but it will be very likely *to* hit around $2, which is a good target to both take profit on longs, and to enter fresh shorts.
The reason why Scam Coins almost always have a substantial sweep of the highs is basic Wyckoff Theory; Liquidity is needed in order to generate profit for the large players who put together this market. They can easily steal a lot of liquidity from silly retail traders by sending prices above or below an "important" level.
This happened with AXS, it happened with GMT, it happened with YGG, it even happened with BTC. Check the charts, you will see it if you look! A "key level" of "resistance" sweeps, and then prices instantly start tanking like a brick. It's not by accident, it's by desgin.
Thanks for playing.
The reason why Scam Coins almost always have a substantial sweep of the highs is basic Wyckoff Theory; Liquidity is needed in order to generate profit for the large players who put together this market. They can easily steal a lot of liquidity from silly retail traders by sending prices above or below an "important" level.
This happened with AXS, it happened with GMT, it happened with YGG, it even happened with BTC. Check the charts, you will see it if you look! A "key level" of "resistance" sweeps, and then prices instantly start tanking like a brick. It's not by accident, it's by desgin.
Thanks for playing.
Comment:
The biggest reason why it's important to take celsius to another high isn't even just the liquidity, it's also the funding rate. Take a look at my first Luna classic idea, where I explained why prices were about to increase right before they pumped like wild. The simply reason is that All Trends are Derived From Pain, and right now there is an ample amount of shorts which need to be beaten to a pulp before prices can fall down.
Comment:
The average funding rate from all exchanges is at -0.58% right now, which is quite huge because it means traders are paying 0.58% 3 times per day which is 1.74% each day and 635.1% each year!
Comment:
Even Bill Gates can't pay that much forever, but lucky for him he's not a degenerate. lol.
Comment:
The second the funding rate turns positive plus the high is broken, that means all the shorts have been squoze and the top is in.