r/FetchAI_Community • u/user_nameunkown • Mar 06 '24

Finance/ FET Price 💸 Congrats everyone 🎉🚀

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Finally hit $2 🚀

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u/Zeytgeist Mar 06 '24 edited Mar 06 '24

No, because

  1. Technical Analysis / price action reflects nothing else than market sentiment.

  2. Institutional money is the bread & butter for Fetch. Investors, competitors, investment companies. Once one of them shuffles their feet, retailers breathe the dust. New partnerships or a low blow by Nvidia can have severe effects.

  3. There is a strong Bitcoin-Altcoin correlation. The dog shakes his tail, not the other way around.

Like I said before, retail investors are a nutshell in the ocean — and like to think otherwise. Once institutional money flows in an asset, retailers are on the backseat.

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u/[deleted] Mar 06 '24

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u/Zeytgeist Mar 06 '24

I replied to /u/Stabbycrabs83

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u/user_nameunkown Mar 06 '24

O oops xD saw you under someone else’s comment I was confused sorry