#PNUT
Good news: The main players are still in operation, preparing for a bigger surge.
Bad news: The main players are boiling the frog in warm water🐸
The direction is to short and close long positions, this time the main players obviously want to wash out the market significantly. They aim to wash out retail investors to a point of despair. Right now, it's basically waking up to a drop of 0.1. Every time there is a spike, the main players will open a few M in volume to support for a while, forming a false rebound before trapping more retail investors in a bullet stock. Afterwards, by opening short positions and closing long positions, they will prevent retail investors from pushing the price up. Thus, in a relatively vacuum price range, they are slowly boiling the frog in warm water.
The butt decides the head; I hope for a larger drop, and the longer the time, the stronger the rebound will be. Now, altcoins have already started to move on their own trend. Personally, I lean towards the possibility that after this wave of washing in December, altcoins will welcome their season in January.
All the posts up to this point are based on the analysis combining contract data and candlestick charts. Before coming to the crypto world, I also used candlestick analysis, but the environment is different. Compared to other markets, the usage frequency of contracts in the crypto market is much higher. Not incorporating the analysis of contract flows means missing out on an important indicator, causing cognitive biases that have led many candlestick experts to stumble. If crypto friends are players who prefer to buy with their eyes closed, then I won't say anything.
