Apecoin
APE ManipulationAPE seems to be a coin that whales use to manipulate the market.
A pattern I've noticed seems to be:
- Build buying momentum on APE, cause a breakout
- Breakout traders buy APE, pushing the price up
- The APE coins the whales accumulated during the dip get pushed up
- Once all the retail is pumping APE, the liquidity has been taken out of Bitcoin, which probably has a lower price due to APE liquidity going into Bitcoin
- While retail traders are buying APE, whales are accumulating Bitcoin, also causing the price to rise.
- In a euphoric moment of the bear market, everyone "APE's" in to both APE and Bitcoin.
- Once the whales finish their pump and either Bitcoin or APE has reached heavy resistance, they sell off, causing a crash both in APE and Bitcoin.
- This crash affects the whole market, since the market follows Bitcoin
So what happens?
Whales make more money
Retail traders get poorer APEing into an APEcoin and get dumped on
Whales are able to control the market much easier by sending signals for retail to APE in and give them their liquidity
Soon enough the hype will end. We don't know when, but at some point, it will.
Buying at this point is pretty risky and not recommended unless you are an experienced trader who is able to ride each wave.
The first transaction based on fundamental analysis "ApeCoin"The first transaction based on fundamental analysis "ApeCoin"
Fundamental analysis Very excellent news about the currency and its strong projects
We enter the transaction on technical analysis. Enter from anywhere above the drawn trend line. Stop loss by penetrating the trend line with a full candle 4 hours, body and tails.
target open
Trading opportunity on APEUSDTBased on technical factors there is a short position in :
📊 APEUSDT ApeCoin
🔴 Short Now 16.7360
🧯 Stop loss 17.9200
🏹 Target 1 15.4000
🏹 Target 2 13.8500
🏹 Target 3 11.6000
💸Capital : 1%
We hope it is profitable for you ❤️
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APECOIN may continue to riseWe bring to your attention a modest trade, at a pair APEUSDT with a profit/loss ratio of more than 3 to 1
Balanced procurement area around $15
Stop below $13.69
Take profit in the area of $19.75-20.75
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APE is quite clear. Hold 14.5-15 & 18 is the target.Quite simple play on APE.
1. Heavy breakout on higher time frame.
2. Good volume spurt.
3. Daily range breakout
4. MSB Retest happening
5. 14.5-15 Demand zone being established
APE is literally very simple as of now. Textbook level breakout retest happening at the moment. Pivot point is at 14-14.5 zone in confluent with the daily demand. Hold this zone and we are aiming for 17.5-18 again.
APE Apecoin: 1H Chart ReviewHello friends, today you can review the technical analysis idea on a 1H linear scale chart for Apecoin (APEUSD).
Apecoin has had a really nice pump over the past few days but it may come back down as the RSI is very high. I noted a few places where price may come back down to based on Support and Resistance trend lines and Fibonacci Retracement.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
APECOIN IS ON STEROID TO THE NORTH.Apecoin has been on steroid since 18th of April. However, the momentum has been massive the past few hours.
This asset is currently resting around FIB23.6 level as support zone. I do believe that this rally may not be sustainable for long.
I am waiting to short this asset from my orange circle spot and I am looking forward to riding it down to where I feel the price is sustainable I.e $13.6 - 13.4 zone.
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