#TradingAnalysis101 We have reached the end point of this massive discount period
I read and researched information and learned that many whales were liquidated with huge amounts when $ETH dropped below 2000
Some other whales showed signs of buying to support the price from last night until this morning
#Binance in general and other MMs are also participating in the effort to support the price as mentioned in my previous posts
We are about to enter the next phase, the altcoin pre-season phase
Where some selected, strong, and prominent altcoins will rise before $BTC starts to move sideways at the bottom
After that will be memeseason and altcoin season
A sweet and enchanting price increase that makes both old and new investors unable to escape
Currently, the filter has nearly cleaned out the money from the old investors
So the story of the old investors hoping the new ones come in to provide liquidity for them to offload is not true, as most of the old investors are already burnt out
Now everyone is on the same level, positions are equal
The game from now on will officially enter Chapter 2