I see there's a smell, do you want to sweep it out again?
LIVE
Lucifer-BB
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Hello everyone,
Today I have some free time to check all the market data. Today's data is really beautiful, everyone is almost in shock 😵💫😵💫😵💫
The reason we are going up is simply because of greed 🥶🥶🥶🥶
And the Market Maker (MM) doesn't like it that way, so it's natural for them to clear things out.
There are 2 reasons why timing is wrong as follows:
1. The market is indeed too FOMO at the time of 1.2T when the total just touched 3.
=> However, altcoins are still at a very low position; the clearing will cause the bottom to break and not enough shock to kill margin x3.
So the MM has to wait and not clear right away for that reason.
2. USDT borrowing has risen to over 34%, the borrowing amount is too large => Must clear it out to eat more.
3. You guys are not willing to let go of some of your holdings.
=> After eating, you should let go a bit, being too greedy is not liked by the MM. They will send you on a roller coaster ride.
Whether right or wrong in this market doesn't matter much; what matters is whether you lose or make money.
I’m posting this to self-document and gain experience for the future. Feel free to criticize, if you're ignorant, just accept it 🤡🤡🤡
P/S: There will be a bounce today or tomorrow, but there might be a retest and further clearing in the coming days. Remember to be careful.
The batch of altcoins will bounce a little or a lot depending on the coin, but most will retest the bottom from before one more time (may go below the bottom). Any altcoins that are in wave 3 entering wave 4 will correct a bit, so be careful.
***Next time, I will cash out according to the plan, instead of being too greedy. ☺️☺️☺️
