I'm wary that today's $BTC rally could be a bull trap, drawing traders into long positions only to be liquidated later. Despite the urge to buy, my intuition suggests waiting for further correction. Best of luck to everyone! 🚨
Whales follow a very ancient technique known as a Wyoming curve. This was also followed by big firms back in the early days of stocks and shares. To start with, a whale will have a considerable amount of cash, say a million dollars. Let us take the curve of EtherFi.
The whale will start by buying small quantities of EtherFi regularly. This obviously won’t push up the price, but it also prevents the price from going down. Once the whale stabilizes the price, it will slowly start to buy EtherFi in larger quantities. This will slowly push up the price in a very stealthy way. Retail investors who don’t have any idea of what’s happening will jump on the bandwagon, further contributing to the whale’s grand scheme.
Once the whale exhausts its capital of 1 million bucks, the price of EtherFi will be considerably high. The whale will reverse its original strategy. Now is the time where it makes big bucks. It will start to place sell orders for small quantities. This won’t push the price down but won’t let it go up either. After it gets the price on the downtrend, it starts placing bigger quantities of EtherFi. A skilled one would even short EtherFi on a downtrend. The price would plummet after the whale exhausts his entire supply of EtherFi.
The whale would now have its initial investment of 1m$ + a whole lot of millions depending on how well it placed the buy/sell orders. This is the “clean” way to make money by being a whale. The dirty way is your typical pump and dump schemes, fake signals, etc.
I’m sorry, but the truth is that smart investors are selling their coins now, anticipating a significant market downturn. Their actions reflect a keen understanding of the cryptocurrency landscape and the importance of timing in investment strategies, Start thinking like a whale in crypto, why hold when you can sell and capitalize on substantial gains?”
#ETHFI Predicting price shifts, particularly with #EtherFi. coin in volatile pump-and-dump scenarios, is futile. Caution is essential in navigating such unpredictable financial landscapes. Additionally, it's likely that investors and project owners hold a significant portion of coins, selling them for profits to reinvest in Ethereum and Bitcoin.
$ETHFI A crypto pump and dump scheme involves artificially inflating the value of a token with marketing or whale activity to attract more buyers, then selling the overvalued asset at a profit which removes the coin’s liquidity therefore crashing the price. #beaware #InvestWise
Utforska de senaste kryptonyheterna
⚡️ Var en del av de senaste diskussionerna inom krypto