ETHEUR WTF are those massive Spikes to down and Up: explanation

I was trying to explain myself why someone made those spikes in Ethereum..


Here an Idea..


The spike down yesterday night completed correction to down..

The spike UP completed the rally to its upper target

leaving the current price levels as the Retracement of the 380Eur. spike..

If the the ETHEUR will not correct lower than 160 to 120 , than I am right with my explanation.

So why would someone do such things..

Ethereum jumped from 8 Eur to 180 eur in just 2 month..
So people collected the coins at the previous levels sit on huge unrealized profits..

With this trick they can now sell their ETH s to the public, since they will not allow the price dropping below 160..

So people who invested 1 Million sit now on unrealised profits 255 Millions.. If they bought his ethereums as they were costing 1€..

To get Profit, Ethereum may not correct and others must buy the 18 times inflated balloon...

評論:

Of course you must have made some profit realisations to run such operations..