Bitcoin (BTC) Buy and sell walls visualized. Join the whales.
Updated
Bitcoin 0.58% seems to have rebounded off support, which happened to be a Bitfinex buy wall purchasing over 1000 Bitcoin 0.58% . You can monitor these walls by tracking the Bitfinex orderbook. If you message me, I will share where to find this data.
I did my best to showcase where large transaction occurs, and it is very obvious this market is moved by big money, who trade with 100+ BTC. They make the money while new retail traders get some crumbs. Learn to play their game and you will have much safer trades.
Right now we have been rejected by resistance. If we close above 6558, the odds are good for a further rally.
Therefore:
You may long now & have a stop loss at 6328
If by chance we do get above 6600, move your stop loss up to lock in gains. Longing 6600+ is significantly riskier.
My last Bitcoin 0.58% trade hit my stop loss, but I am hoping this one will turn out well.
Thanks for viewing! I am in other trades such as XRP, and Ethereum 1.68% . My last XRP trade made me over 13% alone, so please check them out.
Litecoin does look quite good from a long term standpoint, but with Bitcoin 0.58% hovering near 6000, I would be wary longing. Litecoin may pop off in a black swan event similar to XRP and DOGE, so you may buy the breakout.
I did my best to showcase where large transaction occurs, and it is very obvious this market is moved by big money, who trade with 100+ BTC. They make the money while new retail traders get some crumbs. Learn to play their game and you will have much safer trades.
Right now we have been rejected by resistance. If we close above 6558, the odds are good for a further rally.
Therefore:
You may long now & have a stop loss at 6328
If by chance we do get above 6600, move your stop loss up to lock in gains. Longing 6600+ is significantly riskier.
My last Bitcoin 0.58% trade hit my stop loss, but I am hoping this one will turn out well.
Thanks for viewing! I am in other trades such as XRP, and Ethereum 1.68% . My last XRP trade made me over 13% alone, so please check them out.
Litecoin does look quite good from a long term standpoint, but with Bitcoin 0.58% hovering near 6000, I would be wary longing. Litecoin may pop off in a black swan event similar to XRP and DOGE, so you may buy the breakout.
Note
Bitcoin looks ready to break resistance. 6558-9 is the area to watch for Bitcoin. A break of that price means we should be heading up to 6600+.Note
Awesome. We broke 6558 causing me to add more to my long position. 3% profit so far.
Note
The sell walls start getting stronger near 6850.I do not expect a rally past 7000.
6900+ is the absolute top. Do not long if we are in that range.
Note
A wall popped out of no where to buy Bitcoin during the sudden drop. This is how you monitor for real walls. If they are there but never get filled, they are spoof, but when they pop out to meed supply and buy hundreds of Bitcoin, we know the whales are getting filled on their long.
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New btc chart updated. Please view.Note
Anyhow, this is the updated wall chart.
This will not be updated any longer. Just click on the new chart to view please.
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