PROPER DUMP IS NEEDED BEFORE PUMPS

Trader here forgetting the main core of crypto. Whales and Sharks. They are bring too bullish without understanding the psychology behind all these, probably they already put long and trying to relief themself by convicing the bull has started.

I also by mistake put Long on BTC, BNB and ETH, but i am.being realistic, the market will and need dips, here are the reasons:

1. the pump happens too fast without proper correction, the price is too high for accumulation, historically said the price need to dip at least 30%.

2. the greed index is an indicator for sharks and whales to swallow the sardines. Price might pump to 70K to liquidate shorts and will dip to 59K to liquidate longs, or even lower.

3. the greed is too high, its like offering fresh meat to sharks.

4. the gap is not even filled up on the 4H timeframe.

always becareful not to rely too much on Square or stupid charts theory.