If you understand how CT works, you understand why Trove happened.



Trove happened because price broke out. Scammers constantly wait in the wings for even a hint of bullish price action, then they launch. Simultaneously, influencers immediately start taking deals the second we get a green candle.

What they didn't account for, was the Saylor effect. Saylor is back to buying big, keeping price afloat and assisting with the recent breakout. The second his bid stops, we see a full retracement of bullish PA as always (I've been saying this for many months now and the examples are endless).

It's a shame we can't flush the dirt and grime from our industry. We desperately need a reset (for healthy price action and a healthier community). Hopefully the market overwhelms Saylor and he sits out for a bit while we find fair price. It's been about 3.5 years since we had a true cleansing.
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)