Crypto for small investors is over
Updated
I think that the crypto market is no longer for small investors like most of us. Why? It is because of the market manipulations of the exchanges and whales. As already we know, "institutional" investors are on board. Forget for profits anymore. Forget being part of it. What I mean! AGAIN with MACD going down, and RSI going down and absolute lack of volume in buying and selling, VERY suddenly someone bought 500 ETH to rise up the price - wash,rinse, repeat. Of course at the same moment it happened in BTC and so on. So, the market is no longer moving according to logical rules. Just sudden pumps and dumps with intentions to drain your accounts. I assume that this game can work for several more months, until almost all people that want to get in the market, will decide not to. Institutional investors prefer that the market is low. They just want to make your wallets drain, and they will DO! The pending market is the best for the purpose, so you can only gamble on different coins and wait for sudden pumps and dumps. The more this outrage happens, the closest comes the governments to stop the crypto trade. Until then exchanges will make huge money.
Note
In that very moment THEY continue! Insignificant volume and four buys total 400 ETH to rise up with 15 USDT on ETH. I am seriouslly considering leaving this fake market.Note
I think that they are trying to make the market look bullish, but I think only noobs can think it is. It is NOT! My feeling is that other people are looking at their monitors right now and the fear tip-toes to their hearts.Note
If you might think those moments happened without the awareness of the exchanges - think again! 500 + 400 ETH is almost 1 million USD. I assume BINANCE and other exchanges, where this happens simultaneously know who are the people who are putting the same moment in ETH, BTC, NEO. So, at least 3 million on each exchange from one group. They are buying their offers. Bear this in mind.Note
And again 256+100+20. Great isn`t it? I am sure they are doing it with same accounts, with same money, buying their offers.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.