I’ve been in crypto for a while. I’ve seen many things ,but beyond all I was amazed by the fact how can a single man influence an entire industry,so this question occupied my mind all the time. How can Elon musk have such a big influence on crypto market, i did some research i looked some of his popular tweets and the charts, what i found out changed my way of thinking forever,i will never look at the world the same way i did especially financial markets. On Apr-May 2021 Elon made a move on doge coin the markets started crashing, at the meantime i had a analyse of btcusdt with some basic concepts like market structure and wyckoff distribution scheme,eventually i was correct on the analysis,and the volume divergences indicated that the market will fall rapidly.
Sooooooo???
What if Elon doesn’t influence the markets,he just knows the markets ,at least he has some good proffesional guys who knows the markets,everything is about timing,he knows there is a high probability that the markets will fall,he posts something about it to make it look like he is the captain and he makes the ship sink. With this move everybody will think he has influence in cryptomarkets, increasing his overall reputation ,benefiting him in other areas. FAKE IT TILL YOU MAKE IT.
Is this evil???
Non at all.He is definitely manipulating everybody,but at least he gives people a clue where the markets are going,since he can’t give financial advice publicly, he does it in a indirect way, he acts like a strong indicator to crypto investors community with a high probability of being a good financial advice. If he tweets again i’ll jump in his advice with no hasitation.
submitted by /u/periscopepress to r/forbiddenknowledge101
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