MrRainbow

Failing pumps... whale capitulation incoming?

MrRainbow Telah dikemas kini   
BINANCE:BTCUSDT   Bitcoin / TetherUS
So what I've noticed over the last couple of days is quite large efforts to push price up in the hopes of large bull traps for whales to offload into the market. This also goes some way to explaining why the previous correction went so high (45.5k), when the market is still looking very bearish in the atmosphere of global recession.

As distrubution phase pumps fail (like these) we should expect whale capitulation at some point, leading to horrible drops in price.
Komen:
of course from my previous TA below, we are about to start wave 3 of 3, so this ties in nicely with that. all aboard for wave 3!
Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.