(1/x) Vous avez eu hier l'exemple parfait de l'explosion d'une bulle avec #SAFEMOON. Ca se passe toujours de la mĂȘme maniĂšre : phase de consolidation, explosion du prix, euphorie gĂ©nĂ©rale et FOMO, double top, cassure du premier arrĂȘt, dead cat bounce et direction les enfers.
(2/x) This process has been going on since the creation of the financial markets and it repeats itself endlessly. We call it a cycle transition. The last ones we experienced were the dot-com bubble in 2000, the subprime crisis in 2007, and of course the #BTC crisis in 2017.
(3/x) This results in an exponential rise in price, which in the final moments becomes completely parabolic ( #SAFEMOON took +155% in two days). Then, we mark a double top (M top). The market then gives us a nice smile (the rascal) 😊
(4/x) A big drop follows, characterized by a sharp break of the first stop. Then, the price makes what is called a "dead cat bounce" to find the RLZ of short (purple zone). It is rejected by the last sellers, and direction the dip 📉
(5/x) This phase is characterized by a lot of euphoria and pride. We saw it yesterday in the comments: Tik Tok degen who know nothing and think they are geniuses. When you see this kind of behavior, it's time to sell.
(6/x) Regarding the project itself, you don't have to look very far to understand that it stinks. When I see that a wallet owns 40% of the liquidity (50% yesterday), I don't ask myself 50 questions: it's a Ponzi scheme.
(7/x) Consider that this wallet is worth, at the current price, almost more than 2 billion dollars. Knowing that the owner sold 10% of the total yesterday (10^14 tokens), say during the dead cat bounce (price of $0.000007), he has already made $700 million.
(8/x) You honestly think they give a shit about their project? Honestly, and from looking at yesterday's stream, I just saw a dev team high on weed talking about lambo and NFTs slammed to the ground. It was so predictable.
(9/x) So of course, you can enter this type of asset, but you have to respect the rules: you enter when it is horizontal, you recover your investment at x2 or x3, you take profits on the rise, and you close at the dead cat bounce or at the break of the neckline.
(10/x) I hope for those who hodl that the price will go back up, but I sincerely don't believe it at all. The owners of this Ponzi scheme have enough money to live on for 100 generations, I don't see why they should bother to continue managing their project and their community.
(11/x) To conclude, I'll leave you with the #FAIRMOON chart, which shows perfectly what a Ponzi scheme looks like. Hopefully this thread will prevent others from getting screwed. Take care❀
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