Don't get fooled. The explosive green candle from the other day was simply shorts getting squeezed and a way to bring back bullish sentiment to the market.
Liquidity was needed and the best way to make that happen is to give bulls hope. Which is simple in the crypto space, bulls forget about the bad days almost immediately following one little spike up. They see a little green and instantly begin day dreaming about lambos and mooning. It makes it easy for bears to hangout and plan their next attack. The Sideways action with little spikes here and there, is synonymous to laying out scraps of food in designated places slowly and strategically corralling the bulls to the slaughter house.
*Not financial Advice*
Just sharing ideas and looking for input from others
Liquidity was needed and the best way to make that happen is to give bulls hope. Which is simple in the crypto space, bulls forget about the bad days almost immediately following one little spike up. They see a little green and instantly begin day dreaming about lambos and mooning. It makes it easy for bears to hangout and plan their next attack. The Sideways action with little spikes here and there, is synonymous to laying out scraps of food in designated places slowly and strategically corralling the bulls to the slaughter house.
*Not financial Advice*
Just sharing ideas and looking for input from others