These sons of institutions are at it again!
ETH has risen to 2800 and they're still claiming Wall Street just started buying in? They were already stripped bare back in April when it was at 1500, and now that it has risen, they start convincing retail investors to take over?
Technical analysis reveals the trick:
Weekly chart shows the truth: 5 consecutive weeks holding above 2500, which seems healthy, but these sons have already stocked up. Now that they are pushing the price up, it's just a fishing line. Did you see how the trading volume has shrunk in the last two days? Clearly, they're raising the price to sell!
Monthly chart deception: Breaking through the previous high is correct, but the institutions' options holdings have been exposed—around 2800, there are only call options, clearly intending to cut the chasing high retail investors.
Classic script from the market makers: First, they release good news to push the price up, and when retail investors rush in, they crash the price. Reference last year's Luna collapse, where institutions were also collectively bullish.
Follow me, and I will help you see through the phenomenon to the essence, let’s navigate through the bull and bear markets together.
Attention today: UNI ETH AXL BTC
