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Whale

BTC at critical support at $8800 level. BTC is currently sitting at a critical support level of $8800 USD. Bitcoin needs to complete it's 5th wave past $10K for many alt coins to complete their own 5th waves or cup+handle breakout. News that the Mt. Gox trustee has transferred 16,000 BTC and 16,000 BCH from off of cold storage and (the rumor is) on to an exchange. Who knows? Could plan to sell tomorrow or in a few weeks. Or even not at all. My guess is we bounce from this level and any whale selling to be done, takes place from $11,000 to $11,800.
BITFINEX:BTCUSDLong
by jdharward
5
BTC battling weekly resistanceThe wedge is tightening on BTC and a second test of 9000-9200 resistance is possibly coming up. There are two scenarios as I see it: 1. A bearish smaller wedge is forming, reaching to test 9000-9200 resistance, also around a weekly resistance that is strong. Today is sunday so a close below can show us testing of the previous support levels at 8000-8500. 2. An ascending triangle is forming, reaching the same resistance level and breaking it to test a new swing high. For me, the first scenario is more likely. There is certainly less trading going on after seeing a rally with very few pauses. A look at the daily RSI shows us that it is still above the previous resistance around 60-62, but the 4 hr RSI is in a risky zone for a long trade. Volume is slightly declining which could imply that a big move is coming up. The shorts are getting lower than when the first rally ocurred. A break below the 200 EMA should let BTC breathe for a while. For me it is still a no-trade zone. Key levels: 200 EMA daily: 8700, 50 EMA daily: 8300 (Remember that the short term support ends at 8000 so this level should show bull's determination.)
BITSTAMP:BTCUSD
by RoyalOakFI
Reaching RSI and EMA resistanceRSI is reaching prior resistance around 60 aswell as the 50 EMA on the daily. Still in a nice channel. I would be careful to call it a wedge at this point. A break could bring support on top of the EMA and give yet another uptrend confirmation. Will bring obstacles around previous resistances at 8600 and major 9100. A rejection at EMA could initiate a double top, or more likely a very much needed healthy retracement for a new bounce at 7400-7800 depending on the rejection. A high Risk/Reward ratio right now. In other words a no-trade zone.
BITSTAMP:BTCUSD
by RoyalOakFI
1
Longest sideways movement this yearOne thing I was always taught was that bitcoin doesn't do sideways. Well, obviously it does. Either someone needs to restart the bot server, or whoever is keeping the price in this strict channel needs to work out what they want to do. Maybe we're in a negotiation phase. One whale (bear whale) wants to keep the price down, and is negotiating with another whale who wants to send it up (bull whale). Bull whale's nephew bought into crypto last week and is suffering a loss and is becoming disillusioned with the whole "future economy" thing, so now there's a board meeting to work out the new plan. Once that has been finalised, there will be some movement. They're probably writing up contracts this very minute. BFXdata observation share for today Walls The bots appear to be programmed to buy or sell the walls when they come up to the top of the order book. These may be big orders by entities other than the bots, which means wall buying is a way to take a big chunk of someone elses' money. Sometimes these walls are created by their own bot accounts as a way of psychologically instigating a trader hitchhike (just coined that term), which happens when traders see the walls appear and buy or sell into them. Buy walls are usually a sign that the price will crash significantly, and sell walls are a sign of the price skyrocketing. This is because orders stack up behind the wall and when the wall is eaten away (or removed on purpose), the market orders will continue eating up the chain. If the wall is monumental, for example greater than 1000 btc, they may be used to keep traders buying or selling above them. Once the bot wall begins to be eaten away, it will be removed and usually relocated to another price point to ensure the same behaviour is continued.
BITFINEX:BTCUSD
by hazloahora
1
Trade Filosofy - BE A WHALE´S PARASITEHow to earn money or not lose it being a whale parasite. Philosophy This is not a technical analysis. I leave that to users with more skill than me. I am a follower of great cartoonists of charts and I take advantage of it. I want to share with you a philosophy to be able to trade in BTC and in the other cryptocurrencies. First of all we must know that in the market decriptomonedas NO DEMOCRACY EXISTS. I repeat, there is no democracy. The strength, the muscle that an investment fund can have is millions of times stronger than what a small investor can have. Millions! The strength of an investment fund is hundreds / thousands of times stronger than that of a group of small investors. That's why we call the investment group: Whales and small investors we call them fish. Whales and fish feed in the same way. They buy cheap and sell expensive. So, why does democracy not exist? Because the whale feeds on small fish .. I'll explain how the whale eats: For example, in a bear market trend there is what the analyst calls support levels (EMA50, 100, 200, historical carrying levels, etc). In these levels, many purchase orders of small investors (small fish) are accumulated. Every small investor who buys BTC raises the price a little. Then another fish comes and buys more BTC and raises the price a little more. Then the whale comes and starts to sell (bought cheap and sells expensive because it is the fish that made the price rise at that level). When the whale sells the price goes down again. If at this level new fish are still entering, the whale will let them buy and the price will rise again. The whale will sell hard again and the price will go down. It is a feeding cycle.   After doing this several times and so many new fish do not enter, then the whale decides to move strongly to a lower and attractive level to catch new fish (for example it goes from 9500K to 8800K). At that low level, the whale does the same thing again. For example, it breaks down from 9500 to 8800K. Small fish raise the price to 8950 and the whale puts it back to 8800 + or - selling BTC. Are you going to catch it ????? And this happens in all levels of support, in all. You wonder why the fish are so stupid that they let the whale eat them? Because the fish does not know that the whale exists. a) He believes that all fish are the same. b) Because the fish usually moves by impulses such as fear, anxiety, etc. The fish sees the tree but does not see the forest. In addition, novice fish are arriving all the time and they have no idea that they are going to eat them. All this said, what can we do then? As small investors we have 2 options: A) Being a fish and letting them eat us or B) Being a "parasite" of the whale and feeding on it !! You will have seen that the real whales have their bodies full of external parasites. That is what I choose to be. A whale parasite that moves with her. I let the whale feed on fish but I never let go of it because the whale will eat me too. So far we agree? We want to be a whale parasite!
Education
by sergio00
24
IOC bullish af, potential 500% from current price!Spike - this is very interesting spike, I believe a whale entered market here, but such spike, means huge volume = someone have very big reasons. And whoever he is he knows something what we don't know. From that point price reversed to a uptrend and very volatile. My suggestion is - follow the whale. Resistance - if it brakes resistance our TARGET1 is 0.00034 After correction wave TARGET2 is 0.00045 TARGET3 will be updated Please share Your opinion? Lets discuss it. What do You know about this coin?
Long
by fairplay47
2