BTC topped already!
Look out the historical chart, we can see a clear way the how the market-maker playing this game.
Collect the chips at the bottom, pump 3 or 4 times, then dump.
Different to the normal stock market, bitcoin's each pump is higher than the previous one.
And, the POINT is , the longer they collect the chips, the higher they could pump!
So, right now, after the Great Dump, only the market maker and few noobs have bought in at the deep bottom.
With the money they've made by shorting the Great Dump, they've already pumped 3-4 times (cuz the chip collecting time was too short).
In the name of halving, people FOMO in.
That's where the game ends.
Collect the chips at the bottom, pump 3 or 4 times, then dump.
Different to the normal stock market, bitcoin's each pump is higher than the previous one.
And, the POINT is , the longer they collect the chips, the higher they could pump!
So, right now, after the Great Dump, only the market maker and few noobs have bought in at the deep bottom.
With the money they've made by shorting the Great Dump, they've already pumped 3-4 times (cuz the chip collecting time was too short).
In the name of halving, people FOMO in.
That's where the game ends.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.