🔴 How can it be a bear market while the reserves of the platforms and OTC are declining? We are seeing large quantities exiting the platforms to external wallets.
- Look at the previous correction which took about 9 months, and the reserves were declining despite the fluctuations. But once the market maker bought his quantities, he resorted to buying from the platforms to create a shock in the supply and push the market up.
And now the same thing is happening; the reserves on the spot platforms have decreased from the beginning of November to today by about 266,312 Bitcoin. Does that mean the quantities went to external wallets for storage? Do you expect that if it's distribution, it will come out or will it enter the platforms? A little thought.
- My dear brother, the field is not about supports and resistances. If it closes below this number, it's a bear market, and if it rises, it's a bull market. There is data analysis for the network, and there are news and something called a market maker. Do you think this maker is like you entering with $1,000 or $100,000? They are entering with billions and buying very large quantities. To buy these quantities, they resort to the disruptive sideways ranges and hit supports so that these quantities become available for them to buy, and they repeat such operations until they buy their quantities, then they push the market up. If they bought directly from the centralized platforms, the price would skyrocket while they still couldn't buy their quantities.
We are not capable of controlling these people; behind the scenes, there are very large entities. You, as a simple investor, are nothing compared to them. Analyze the data and deduce, and do not rely entirely on support and resistance because it will lead to losses for you. Your supports and resistances are primary. Make sure you are not in distribution areas and let them take their time until they finish. The most important thing is to secure your seat with them.
The reserves of the platforms have reached their lowest point in about 9 years, and someone comes to tell you about a bear market.
Do not rush for your sustenance; be patient and composed.
