TRUST the whales, LOVE the whales, BE th.. no.
Updated
Go with the whales.
I want to start an open discussion on the psychological side that whales love to manipulate so nicely. (this goes for little whales on alts as well)
We all know that whales eat tiny fish that are really tasty. And so if you don't want to be eaten do not stand in their way. It's as simple as that.
But the natural question that occurs in one's minds is, How do I know when a whale wants to eat (me)?
Bitcoin is at its crucial/crux point for the last few weeks and one could argue that the crux is always the present moment but let us leave that for another discussion maybe.
We all seen the recent "anomaly" in crypto that occurred on 2018-04-12 where whales killed many standing fish and furthermore attracted a lot more from alts so that they can get in at lower prices. It was an amazing move and an isolated case concerning Bitcoin and ALTS/BTC pairs (the ALTS/USD prices went up along with BTC/USD). There was to be expected a big move from the whales after such a long stagnant period.
The point that I am trying to get across is think like a whale: "If the market is going for some time on a more or less straight line how can I f*** up the market and make nice profit? OOo look FISH (mmmmm) :) that are still in FUD and FoMO and don't really know where to go... let's kill some."
See, in this case, you just had to wait them make the first move and buy some cheap alts (ALTS/BTC pairs or ALTS/USD pairs as well) and probably swing trade them.
Don't try to resist them and understand that they always want to squeeze the most out of the market and in the current state of the market even more so. That is one of the reasons why is still think we will get to see a lower BTC bottom.
I won't get into prices on this educational idea, for that you can check/follow:
I want to start an open discussion on the psychological side that whales love to manipulate so nicely. (this goes for little whales on alts as well)
We all know that whales eat tiny fish that are really tasty. And so if you don't want to be eaten do not stand in their way. It's as simple as that.
But the natural question that occurs in one's minds is, How do I know when a whale wants to eat (me)?
Bitcoin is at its crucial/crux point for the last few weeks and one could argue that the crux is always the present moment but let us leave that for another discussion maybe.
We all seen the recent "anomaly" in crypto that occurred on 2018-04-12 where whales killed many standing fish and furthermore attracted a lot more from alts so that they can get in at lower prices. It was an amazing move and an isolated case concerning Bitcoin and ALTS/BTC pairs (the ALTS/USD prices went up along with BTC/USD). There was to be expected a big move from the whales after such a long stagnant period.
The point that I am trying to get across is think like a whale: "If the market is going for some time on a more or less straight line how can I f*** up the market and make nice profit? OOo look FISH (mmmmm) :) that are still in FUD and FoMO and don't really know where to go... let's kill some."
See, in this case, you just had to wait them make the first move and buy some cheap alts (ALTS/BTC pairs or ALTS/USD pairs as well) and probably swing trade them.
Don't try to resist them and understand that they always want to squeeze the most out of the market and in the current state of the market even more so. That is one of the reasons why is still think we will get to see a lower BTC bottom.
I won't get into prices on this educational idea, for that you can check/follow:
Order cancelled
We broke out from the channel to 4.7k, I no longer maintain this idea.
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