How would the richest guy in the universe trade BTC right now?
Current situation
Putting all the indicators and pattern analysis aside for a moment..
We got this huge resistance at 5900-6000 that held for months. Above this resistance rests the biggest liquidity pool of the chart:
1. Stoploss orders of people that have currently are in a short position.
2. Buy orders of people that want to go long after a break of this resistance.
What would this humoungously rich guy do?
He would start buying bitcoin until it reaches just above the most obvious resistance of the time. Since we are close anyway.
He would trigger all those stoplosses and buys that are positioned just above this resistance.
He would now go in a short position filling his insanely huge bag with all that poorpeople money.
By doing so he would push the price back below the resistance fueling a new dump. The dump that 95% of the people is already anticipating on this moment.
What difference would this move mean for you?
Maybe you were indeed thinking the price would make a final dump... However, only by the move the infinitely rich guy made... he made you afraid of missing out. By doing so he would make the mass make a wrong decision.
*Disclaimer: This idea is not financial advice and is meant as informative. Please do your own due diligence and trade accordingly.*
Putting all the indicators and pattern analysis aside for a moment..
We got this huge resistance at 5900-6000 that held for months. Above this resistance rests the biggest liquidity pool of the chart:
1. Stoploss orders of people that have currently are in a short position.
2. Buy orders of people that want to go long after a break of this resistance.
What would this humoungously rich guy do?
He would start buying bitcoin until it reaches just above the most obvious resistance of the time. Since we are close anyway.
He would trigger all those stoplosses and buys that are positioned just above this resistance.
He would now go in a short position filling his insanely huge bag with all that poorpeople money.
By doing so he would push the price back below the resistance fueling a new dump. The dump that 95% of the people is already anticipating on this moment.
What difference would this move mean for you?
Maybe you were indeed thinking the price would make a final dump... However, only by the move the infinitely rich guy made... he made you afraid of missing out. By doing so he would make the mass make a wrong decision.
*Disclaimer: This idea is not financial advice and is meant as informative. Please do your own due diligence and trade accordingly.*