Read on Twitter
10) The current pump we're seeing does NOT seem to be organic. It seems to be extremely exchange bot-driven even upon casual observation.
11) Look at this random screen cap I just took, and notice how many XRP orders on Binance are in the 30s. They're all just above the minimum 10 USDT balance needed to trade. Human beings don't trade 10$ worth of XRP every 9-10 seconds, but bots do to manipulate the last price.
12) Consider also the state of the world at this time. While in Dec 2017 everyone had plenty of disposable income to throw into crypto, right now a good chunk of the world is completely broke. When you're at risk of bankruptcy you don't put $ into volatile assets like crypto.
13) Aside from the OCC news, which was NOT mainstream, there's been no big news to the general public about Bitcoin or any of the other top cryptocurrencies. In fact the only recent exposure was when BTC was used in the Twitter hack, which made it look bad and part of a scam.
14) Another red flag is that the recent pumps of crypto assets have been staggered. Rather than the entire market going up at once, individual coins were pumped, starting mainly with low-cap coins that were easy to move up.
15) Once the price had been pumped to a high level on a coin, with little volume needed to maintain it (due to low market cap and low liquidity), the money moved on to pump another. This is consistent with a small amount of money being used strategically in the market, not FOMO.
16) Most recently we've had the majors like BTC, ETH, XRP, and EOS moving up, now that a cash pool has been built up by pumping the low-caps. But these majors are still extremely far from their ATHs, and after intial pumps seem to be struggling to move higher.
17) Another telltale sign is the staggered movement between the majors. In the past when BTC moved up, most of the market would move with it. Lately though, one major coin pumps then stops, then hours later another pumps then stops, and so on. It's a sign of a money shell game.
18) What does this all mean? As a HODLer myself, I'd love to see a new bull market, with coins blasting past their 2017 all-time highs. But realistically I believe we're being PLAYED. If you're trading keep a tight stop-loss, and DO NOT invest more than you can afford to lose!
