ETH is almost touching the bottom.
Personally thinking it's time to BTFD.
My reason is very simple, for the big whales to gain profit in the market, they need to perform these processes(quote from god.pdf, sharing by @clown):
1) Position Building
2) Suppressing prices
3) Test Pump
4) Actual Pump
5) Shakeouts
6) Re-allocation and distribution
7) Exiting - The Dump
And in the past 3 months, we've been experiencing these three processes:
Position Building
There are multiple ways to build a position. This is the stage where we will
require a significant amount of market share to do pumps. The most
common method will be micro buys. Through placing of buy order in
relatively small amounts, it avoids driving up prices and also masked our
existence. Some alternate coins, however, has really low amount of volume,
and it will take ages to build up our position through micro buys. In such
cases, we will be force to do a pump up, to encourage sellers. Pump waves
will be gradually decreasing, smaller and smaller, forcing out all sellers so that
we can have what we want - market share. This has happened many times
infact to date, such as Doge/BTC, UNO/BTC, Dev/BTC and GLC/BTC.
Suppresing prices
Contradicting isn't it? That we are willing to pump altcoins up a few times of
it's value worth before driving down it prices. And yes, like I have stated
earlier on, prices does not matter to us as long we can sell higher. However,
like every other business on the industry, everyone would want their costs to
be as low as possible. In this very stage, we will pile up whatever we have
bought, to suppress prices as much as possible through sell walls so that we
are able to do our buying cheap. Our sell walls are usually just enough to
appear as though as it's the invisble hands of the market, minor supply over
demand.
Test Pump
Before a real pump happens, whales like us tends to test the market. Why?
Reason is simple. It is to ensure that we have absolute control of the
market. Test pump, like shakeouts, actual pumps, re-allocation and
distribution, happens many time throughout the pump and dump process. By
doing a test pump, we will roughly get an idea on where our next resistance
will be and how much floating chips are around ( Floating chips refers to
weak hands). Whales hate weak hands, they do not act as any form of
support for us during a pump, and we will are always determine to get rid of
them in the early stages, no matter how long it takes.
The recent upward movement started from $100 to $165 from my perspective was a test pump. Someone kept destroying every sell walls in the late bear market to test if they had the power to control this market, then a huge dump from 165 to 130, to test if they can hold this market or not.
The result is very obvious, they can get above 150(which was a huge resistance from the tensorcharts), and also they dumpped and stopped at the point when they bought back at 130. All theese evidences is showing that someone already completely controlled this market.
Personally thinking it's time to BTFD.
My reason is very simple, for the big whales to gain profit in the market, they need to perform these processes(quote from god.pdf, sharing by @clown):
1) Position Building
2) Suppressing prices
3) Test Pump
4) Actual Pump
5) Shakeouts
6) Re-allocation and distribution
7) Exiting - The Dump
And in the past 3 months, we've been experiencing these three processes:
Position Building
There are multiple ways to build a position. This is the stage where we will
require a significant amount of market share to do pumps. The most
common method will be micro buys. Through placing of buy order in
relatively small amounts, it avoids driving up prices and also masked our
existence. Some alternate coins, however, has really low amount of volume,
and it will take ages to build up our position through micro buys. In such
cases, we will be force to do a pump up, to encourage sellers. Pump waves
will be gradually decreasing, smaller and smaller, forcing out all sellers so that
we can have what we want - market share. This has happened many times
infact to date, such as Doge/BTC, UNO/BTC, Dev/BTC and GLC/BTC.
Suppresing prices
Contradicting isn't it? That we are willing to pump altcoins up a few times of
it's value worth before driving down it prices. And yes, like I have stated
earlier on, prices does not matter to us as long we can sell higher. However,
like every other business on the industry, everyone would want their costs to
be as low as possible. In this very stage, we will pile up whatever we have
bought, to suppress prices as much as possible through sell walls so that we
are able to do our buying cheap. Our sell walls are usually just enough to
appear as though as it's the invisble hands of the market, minor supply over
demand.
Test Pump
Before a real pump happens, whales like us tends to test the market. Why?
Reason is simple. It is to ensure that we have absolute control of the
market. Test pump, like shakeouts, actual pumps, re-allocation and
distribution, happens many time throughout the pump and dump process. By
doing a test pump, we will roughly get an idea on where our next resistance
will be and how much floating chips are around ( Floating chips refers to
weak hands). Whales hate weak hands, they do not act as any form of
support for us during a pump, and we will are always determine to get rid of
them in the early stages, no matter how long it takes.
The recent upward movement started from $100 to $165 from my perspective was a test pump. Someone kept destroying every sell walls in the late bear market to test if they had the power to control this market, then a huge dump from 165 to 130, to test if they can hold this market or not.
The result is very obvious, they can get above 150(which was a huge resistance from the tensorcharts), and also they dumpped and stopped at the point when they bought back at 130. All theese evidences is showing that someone already completely controlled this market.
Achieve every thing but stay discipline
从心所欲不逾矩.
从心所欲不逾矩.
Also, I notice that the money that flowing into the crypto has very descent amount.