Here we started mentioning consipracy theories, they are obviously in some measure real practice.
My addition is
very realistic "conspiracy" of the influence of the modern libertarians which are heavily involved in cryptocurrencies cause of the selfish selfinterest, egoistic interest in the "free" markets (which are obviously definitively not free especially after some time from the particular coin creation or massive coins creations (thousands of coins creations)).
In the case of the waves coins, seeing from the charts, there are few for crypto very long periods of the almost flat horizontal price low levels where are very small number, few only biggest players accumulate waves coins (accumulation phase).
I became very interested in waves after a news that the waves team will collaborate with the one of the most popular person from the conspiracy theories tales - famous and very rich BG. That news does not necessarily mean that waves team will use this "our" waves coins in such collaboration, but I supposed that news will have some impact on the waves coin price.
After some time, after few days price started fast big growth (that was second phase)
Now I am very confused. It is obvious that imho we are in the distribution phase. That was not so obvious to me at the price levels two times above the current price. The peak above 4$ was very narrow, 2,3, maybe 4 days. The distribution phase continues till now, and maybe it will continue.
That 3rd phase distribution phase is by my opinion combined with the 4th phase - falling price. We will see where it will finish. The fall phase is obviously not so steep like it was 2nd) fast growth phase.
Every of that 4 phases has already happened in the past times, in the past similar cycles. Few times already in the waves coins history charts (see Binance chart
https://www.binance.com/en/trade/WAVES_BTC ), for details see monthly, weekly, daily chart.
Everybody who entered long or buy after the highest recent peak had very small chance to exit with profit.
I hope that nobody who read this didn't use leverage 5x at binance while buying after the highest peak.
I failed to profit too. I am not yet in the loss but very close to it.
Maybe I will register to binance and try to trade both sides, buy and sell. I am not yet feeling the confidence to it.
At the end, the conspiracy theories are hiding in the news, in the big players who lead the game, in the charts, in the price levels,... and in the BG too
- he leads mass vaccination against the profit which results in disorientation and other disorders. Why is BG in waves I have no good conclusion, but my profit is missing.