Guys ๐ฒ๐ฒ๐ฒ
This time we will discuss $ETH and how maximize our profits.
#ETHETFS probably the top reason for the price rally of ETH and the most common opinion you can see in internet.
But is it?
Companies like #BlackRock and #MicroStrategy have been here around since a while and they know what to do and when.
People think that if there is a big money inflow the the price will go up..
Yes but No
When big companies enter in the market they do it slowly and step by step as they don't want to manipulate the market with big orders.
Imagine.. let say.. 100 000 000 dollar investment and ETH price 500$
This will make HUGE candle and will set the price to let's say 700$ so they will end up with coins +/- 600$ each.
At the price of 700$ they have insta profits from the lower price coins.
People then start to take profits and price drops again to 600$
So the big funds are at 0 or could be in loss in that time.
And of course big companies are regulated and should not manipulate the market ..
So what they do is buy slowly and they buy the all the 100 000 000$ in the range 500-600$
now they have 550$ per coin and price of 600$
But that happened in time period and normal people, who see the price is steady going up or waiting for candles and other charts, are starting to enter the market too.
That drives the price even more up and there is when BIGs start to take small profits and re-enter cycles.
My point:
No it is not ETFs and BIGs
The price is 20% up because of the people who think there will be big inflows and price will go up but in real life it will probably not going to happen like that.
Remember what happened with $BTC ETF ?
Then it was the halving ..
Price didn't went to the moon and there was no x100
Trading is not for regular people to make money
It is a lot of work, psychology and mindset.
If you have open positions maybe would be wise to secure profits.
Don't be greedy - you CAN NOT buy and sell the best price.
The real maximizing profits are done with steps and portions.
Next - $SOL
Stay Tuned ๐
LIKE, SHARE and SUBSCRIBE ๐