📊Are the whales going to PUMP Bitcoin?
Updated
Hi Friends! Today I`ll show you the closest possible targets for Bitcoin and how the whales manipulations looks like. As you know, if you want to be succesfull in trading you can just copy the guys with really big money. Except the DOM and Footprint that i use to indentify the big limit buy-sell orders, i use techical analysis (TA) and look for manipulations on the chart.
How can the techical analysis help to identify the big player? For this reason we need:
1. Key level. At the chart i mark 2 key levels which looks like channel.
2. Volume indicator. At the volume indicator you can see the traded volume.
Let`s combine this 2 tools. As you can see, the volume grow every time when the price touches upper or lower boundary of the channel. That means someone sell at the top and buy at the bottom. Additionally, the candles with long tails show that someone is pushing the price deliberately. We have seen this in two cases, which are highlighted in red circles. This is definitely market manipulation.
How this cases can help you in trading? You can add this tools to your trading strategy. How to make you personal trading strategy easy i talked about in this educational idea.
For this moment Bitcoin is squeezing under the trendline so you can wait for the breakout. ✅The targets:
1️⃣ $32,000
2️⃣ $33,100
3️⃣ $35,900
Also, you can expect the second scenario which is also possible in case of the market manipulation. Bitcoin is in accumulation for more than 2 weeks and lot`s of traders open their longs. How do you think where are their sl are placed? Of course below the lower boundary of $28,600 and the big player know it.
💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
How can the techical analysis help to identify the big player? For this reason we need:
1. Key level. At the chart i mark 2 key levels which looks like channel.
2. Volume indicator. At the volume indicator you can see the traded volume.
Let`s combine this 2 tools. As you can see, the volume grow every time when the price touches upper or lower boundary of the channel. That means someone sell at the top and buy at the bottom. Additionally, the candles with long tails show that someone is pushing the price deliberately. We have seen this in two cases, which are highlighted in red circles. This is definitely market manipulation.
How this cases can help you in trading? You can add this tools to your trading strategy. How to make you personal trading strategy easy i talked about in this educational idea.
For this moment Bitcoin is squeezing under the trendline so you can wait for the breakout. ✅The targets:
1️⃣ $32,000
2️⃣ $33,100
3️⃣ $35,900
Also, you can expect the second scenario which is also possible in case of the market manipulation. Bitcoin is in accumulation for more than 2 weeks and lot`s of traders open their longs. How do you think where are their sl are placed? Of course below the lower boundary of $28,600 and the big player know it.
💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
Note
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