BTCUSD - We are cows, the whales are milking us!! WARNING
WARNING FRIENDS!
After getting wrecked over the last few days I reflected about BTC's strange behavior.
Why do we see the price structure that we currently see in BTC where by it looks like we are accumulating steadily about to make a high and then bam, insanely fast sell off?
It all makes sense now.
The whales are milking us.
The whales got BTC really really cheap. I'm talking single digit BTCs.
And as such they are sitting on mountains.
If the whales were to dump it all at once and cash out, BTC would once again return to single digit prices and so they wouldn't get full fiat value for their bags.
They know this, and so they have adopted a better strategy. Sell chunks of their holdings (hundreds of millions worth) whenever a particular price zone is hit which they make progressively lower and lower until their bags are emptied.
The whales know that the general market knows what they are up to to a certain extent, so to stop us closing our trades out early with profit near the previous sell off level they are selling progressively earlier.
We won't hit an ATH until these whales have emptied their bags fully.
Get the hell out of this manipulated market and make the whales feel pain.
After getting wrecked over the last few days I reflected about BTC's strange behavior.
Why do we see the price structure that we currently see in BTC where by it looks like we are accumulating steadily about to make a high and then bam, insanely fast sell off?
It all makes sense now.
The whales are milking us.
The whales got BTC really really cheap. I'm talking single digit BTCs.
And as such they are sitting on mountains.
If the whales were to dump it all at once and cash out, BTC would once again return to single digit prices and so they wouldn't get full fiat value for their bags.
They know this, and so they have adopted a better strategy. Sell chunks of their holdings (hundreds of millions worth) whenever a particular price zone is hit which they make progressively lower and lower until their bags are emptied.
The whales know that the general market knows what they are up to to a certain extent, so to stop us closing our trades out early with profit near the previous sell off level they are selling progressively earlier.
We won't hit an ATH until these whales have emptied their bags fully.
Get the hell out of this manipulated market and make the whales feel pain.
Comment:
As confirmed AGAIN