NOT FINANCI.. oh heck.
STORYTIME.
So, once upon a time..
Early Jan: Institutions (smart money) are triggered, and buys in.
Late Jan: Retail take profit. Too yummy to resist.
Early Feb: Smart money continues buying.
Late Feb: FOMO profit taking is seen. Meanwhile, FOMO buying is also accumulating.
Early Mar: Strong FOMO buying > FOMO profit taking.
Late Mar: Smart money waits on the sideline, loads their ammo.
Early Apr: Smart money tests the water and sells a bit, baiting FOMO retail to buy in.
Late Apr: FOMO retail don't want to miss out $100k and takes the bait.
Early May: Smart money smiles. Opens their bag, overturns it. Retail still biting but..
Mid May: Retail unable to stomache the dip. Cuts losses and dumps for fear of more losses..
Late May:.. but they did not realise that Smart money, with their slightly empty bag, overturns it, but this time to gobble up all the bitcoins that FOMO retail are selling.
Moral of the story: 💎🙌🏻
STORYTIME.
So, once upon a time..
Early Jan: Institutions (smart money) are triggered, and buys in.
Late Jan: Retail take profit. Too yummy to resist.
Early Feb: Smart money continues buying.
Late Feb: FOMO profit taking is seen. Meanwhile, FOMO buying is also accumulating.
Early Mar: Strong FOMO buying > FOMO profit taking.
Late Mar: Smart money waits on the sideline, loads their ammo.
Early Apr: Smart money tests the water and sells a bit, baiting FOMO retail to buy in.
Late Apr: FOMO retail don't want to miss out $100k and takes the bait.
Early May: Smart money smiles. Opens their bag, overturns it. Retail still biting but..
Mid May: Retail unable to stomache the dip. Cuts losses and dumps for fear of more losses..
Late May:.. but they did not realise that Smart money, with their slightly empty bag, overturns it, but this time to gobble up all the bitcoins that FOMO retail are selling.
Moral of the story: 💎🙌🏻