17.9.2020 - Chainlink (LINK / USD)Hi Traders!
Today we will take a look at the popular cryptocurrency - Chainlink (LINK). In the spring and summer, its growth aroused huge interest. After the March declines, it was around USD 1.28. It reached its absolute maximum in mid-August at USD 20.10. We are talking about a growth of about 1 460% in half a year. That was what brought Chainlink a lot of attention. But how will it develop further?
We are currently at USD 11.16. We see the values of 8.97 - 9.80 USD and then 6.30 - 7.07 USD as the two absolute most important supports. How do we know that the downtrend is ending? First of all, we must realize again the 3 basic cycles - growth - decline - consolidation. This chart passed through extreme growth, a strong decline, and now there should be a phase of consolidation, ie moving to the side. The uptrend will, therefore, be definitively confirmed only at the time when we break-up both trendlines of the chart.
Looking at RSI, we would like to see a drop to the extreme zone, which would mean a decrease in support on the chart and then a move up. LINK has undergone a correction of about - 50%, which could be enough, but in terms of the time we still see space to move sideways.
May the crypto be with you!
Whales
ETH gains strenght. When will we see break out?The Stochastic indicator has drawn a bullish divergence and is close to the overbought zone. It looks like it may decline again in the coming hours, which would ideally match the price movements in the ascending triangle, after which we may see a breakout of the upper border.
Also, bullish divergence formed on the RSI. In addition, there is a significant gap to the upper limit overbought zone. First of all, it is necessary to gain a foothold near the middle line, after this we will see an upward breakout.
The price is definitely moving in an ascending triangle and has already made 4 touches. With a high degree of probability, in the next few hours we will see a decline to $340, which matches the lower border of the figure. After that, growth is likely up to $400.
Bollinger bands indicate a similar move. During Saturday's fall, the price pierced the lower border 4 times, after which it rebounded from it and has already reached the middle Bollinger line. Now the chart is consolidating near it, but with a high degree of probability we will see a breakthrough of this line up to the level of $390.
It is also worth noting an important factor regarding Ethereum. During the fall in the price range of $310 - $325, observers noted a large number of new whales on the Ethereum network. Each of them bought Ethereum in the amount of 1,000 ETH to 10,000 ETH, which is about a billion dollars. Researchers have counted 68 such new addresses on the Ethereum. It could indicate a strong and long-term uptrend for the coin. Therefore, the rise to $400 will be only the beginning.
So, How Does Whales Actually Works?Accumulation Distribution
Pump Dump
No, whales don't day trade. Whales timeframe are years.
Whales will spend YEARS accumulating the asset.
Whales will WAIT patiently for the RIGHT TIME.
Whales will spread FUD to ensure weak hands sell.
Whales have all the money and capital to accumulate and hold.
Whales will pump and distribute the price AS HIGH AS possible to retails and suckers.
Whales own MAJORITY of the supply of an asset/stock/crypto.
Whales has always been there.
Without Whales, there is NO LIQUIDITY.
Whales provide LIQUIDITY so that the price doesn't move out of the range they want.
Whales has been operating financial market for years.
If anyone still don't believe this, I am sorry, nothing can be done anymore. There are hopeless and continue to be the slaves of this system and be the victims.
Regards.
Don't bother to reach out to me.
22.07.2020 - Ethereum (ETH/USD)Hi Traders!
Last week we looked at the main cryptocurrency, and that is Bitcoin. Today we look at the largest altcoin - Ethereum.
The Ethereum chart is extremely important for other altcoins as well. This coin represents a group called altcoins. Today we look at the daily chart.
We are now in an absolutely key situation on the daily chart for several reasons. First of all, we are testing the trend line from 2019. COVID-19 caused a sharp drop in March, after which Ethereum was able to get back quite quickly. We tested the trend line at the beginning of June for the first time. Since then, we are still consolidating and ETH is waiting, so is Bitcoin and basically the entire market.
Provided we get through the given trend line, only the first condition that we need will be fulfilled. Next, we will need to create a higher-high, or in other words higher maximum, and that is above the level of 288 USD.
For the bull market, we simply need to get over 288 USD. Even though we are close, we have not won by far, because we have not yet been able to subdue either of these two resistances.
May the crypto be with you!
Downtrend for LTC means 2019ish uptrendIve been following LTC for almost 2 years now. And I have some strong feelings on it. Do I think it is a coin that has a purpose? no. I think, the development within LTC isn't specific to that coin. IE the same developers could do the same work under a different "brand". Do I think because of it's value and its fame it will be around for a ling time to come? Yes, I think LTC was going to break out huge this year. I think 80$ was hyst the start to a massive bull run . But I also think that run as been delayed until the next cycle in January.
Big whales didnt become rich off making the small bucks. Or betting on big gains. There get the bottom dollar price and sell for the ATH. They also know when to get in and when to get out. (because they are creating the waves that trigger trends by definition)
SO, I think they had a plan to bring LTC down from 140 to 20$ and then buy and bring it back to pass 140
but then COVID 19 or w.e. hit and everything crashed
The pump and dump worked before so why not do it again. This is why I think we will hit 20$ and the moon. Cuz that's what makes the whales the most money.
BEARISH SCENARIO PT.1just now
SOME BIG FISH TAKING BITCOIN DOWN FOR ONE LAST VISIT OF THESE PRICES BEFORE THE BULL STARTS RUNNING.
PRICE ACTION LEADING UP TO THIS POINT SCREAMED MANIPULATION AL OVER IT.
OBVIOUS FRACTAL CANDLES AT THE TOP OF EVERY STEP DOWN GAVE AWAY THE SECRET PLAN TO STEAL ALL OF RETAIL'S BITCOINS .
.. OR MAYBE THEY'RE STEALING OURS?! AHHH.. JUST KIDDING.
... OR AM I?
HAHA.
I'VE BEEN HAVING SOME AWESOME SUCCESS WHEN I'M ABLE TO MAKE OUT SOME NICE FRACTAL PATERN''ING IN THE PRICE ACTION.. IT'S A LOT EASIER TO ID WHEN THE BUY/SELL PRESSURE IS THAT ROBUST.
WHAT ARE YOU ALL SEEING? LOWER? BEAR TRAP FAKEOUT?
WOULD LOVE TO HEAR DOWN BELOW!
PS - WORKING ON A VIDEO RIGHT NOW THAT I'VE BEEN WATING TO PUBLISH FOR THIS VERY MOMENT. STAY TUNED! I WILL HAVE THAT COMPLETED AND UP MOMENTARILY. A LOT OF INTERESTING PLANETARY CONNECTIONS TO THE WORLD RIGHT NOW :)
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PS. TRADINGVIEW HID ALL OF MY PREVIOUS IDEAS. SLIGHTLY FRUSTRATED WITH THIS PLATFORM AT THE MOMENT, BUT I WILL BE BACK.
HIT ME UP ON THE SOCIALS:
TWITTER: @BITCAPJOHNNY
TELEGRAM: @BITCAPJNY
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VISIT OUR NEW SITE -OUR INTRO TO TRADING COURSE IS ALMOST DONE!
W. W. W. 3 C A N D L E C O L L E C T I V E. . C. O. M
As i Told Yesterday see Market Will go Down to $9350 But!!! See as Per Suggestion Market is Very Confused Right Now.. As I dont want anyone To Trade Because It Will. Be Tremendous Move Now From. Here no Matter If its down or Up.. But it will..
As Per My last Chart Market Retracted back to Below $9400 As expected But itsnot Mean We are in under of Control of Bears..
As Per the Situation Market Has To Make Great Mobe From. Here like if its close today candle above $9850 Then We might can see the FOMO again for Really But As per the volume. And. analysis Market is stable in the Level of 9450 to 9550 ....
Big Manipulation is On the way By the players or Exchanges.. So Better Stay watch Dont Try to Involve
Sit Relax and Watch Will happen Because something is Marter than Nothing.. So dont be Greedy at this Time else u might loose all What you have...
Hopw You like My Idea If yes then Please Like it and Follow My User...
Thank You very Much ❤
Beware from whale trap. Don’t think btc to $100k and moon.As you can see price is increasing but volume is surprisingly decreasing everyday. Huge accumulation is going on and i can smell mini dump before halving. now it’s 13% up from yesterday, sell 30% holdings and book profit. if my analysis is accurate as i have seen whale activities in past. After 10k big dump will be there and it will be great entry point. hold your cash tight. The strategy is simple keep booking small profits.
if you think you’ve gained at least 1% knowledge the follow me for more ideas..thank you..
BTCUSD 15m Looking Bullish, it'll Probably go Down First!BTCUSD on a short time frame (15m) is hitting new highs @ just below $7800 again and again - there's also a nice upward triangle formed suggesting the price is just about to break out above the resistance and continue upward.
Given that most players in the Crypto world would be seeing this same formation, and also considering market manipulation (it's rife in Crypto), we think BTC is about to retrace back to around $7500, this is where we would be placing our Long order, with a Stop below recent levels @ $7400.
This is due to larger players (banks, gov's, whales) knowing the majority of people will be going Long right now, so forcing the price down would remove these Longs from the market (hitting stops/fear of loss) and the big players can sweep up all the failed Longs at a cracking price and then (and only then) will the price continue along it's path above $7800, up to over $8000.
Stay tuned to see if our prediction hits the mark!
Good Luck & Happy Trading!
-theCrypster
BTCUSD THE naughty baby whalehi friends Last night, everything showed a whale attack, the price remained in the range of 7040 to 7060 for more than 2 hours, and in a few seconds it reached about 7133, and then it returned for a few minutes and started drawing a whale baby.
According to a friend, last night was the mischief of a whale😅we are watiing for mother whale main attack👀
please support me by your fallow ,like and comments. thank you for your supporting🙏
WHALES EXPOSED - How they play BTC trading game!As you can see big players (whales) are moving the prices nearly exactly to the Fibonacci levels exposed on the graph itself.
Sometimes the market pushes a price a bit above or below the level either due to the inertia or to here and there confuse other players.
However, it is clearly seen from the graph how smart money is actually making the price reach a certain level and then change the direction.
Can you guess where does the only Fibonacci level not presented with the BTC price level comes from? (blue field)
What do you think they will do in their next move?
BITCOIN LOVES THESE. Wedges.
Falling..
Rising..
All of the WEDGES.
At the minimum, A SMALL MOVE UP looks probable here. There is a ton of CONFLUENCE for this to play out -also a ton of support not far below, offering relatively low RISK.
I know that VOLUME has been LOW, but don't forget about this: According to glassnode alerts (@glassnodealerts), USDT balances across exchanges are now 1,282,118,378 USDT. The previous all-time high was on March 21.. and more since.
Just because trading VOLUME is not there - IT DOES NOT MEAN THE WHALES AREN'T SITTING THERE WAITING.
RSI approaching over -bought.. BUT! = STOCHASTIC RSI is WAY OVER SOLD. THIS IS GOOD. THIS IS REALLY GOOD.
MACD looks BULLISH -MACD line slope is promising.
IF WE BREAK BELOW this bottom trend line into the RED - Will re evaluate from there.
What are you all thinking? Seeing anything else?
Dear Whales, You're Playing With FireThe price had been trading between 9000 and 9200 for a couple of days and then suddenly this happens...
I can understand manipulating the price lower before the expected halving bull run. Buy as low as you can before the price takes off. However, circumstances right now are precarious. The stock market is plummeting and the world is bracing for a recession. Crashing bitcoin right now is playing with fire. People are in panic mode. Crypto is considered a speculative investment, which is something that people are going to stay away from right now. Crashing bitcoin will just confirm peoples fear of taking a chance on crypto. It could scare enough people away that this bull run will have weak returns, or not even happen at all.
However, if crypto were to trend upward right now as the the stock market is tanking, it could draw people to crypto. That could cause a snowball effect that will push this bull run higher than anybody imagined. It may even help the flagging economy if people have a means to protect their wealth while the market tanks. A bull run right now could also cement crypto as a legit investment. Another dump right now is dangerous to the future of crypto. Take the economic situation seriously and what it could do to the future of crypto.
ETH breaks parabola - whales having fun with leverage tradersFor the first time this year, ETH has broken sideways from a parabolic curve. Looking elsewhere in the market, it appears as though this is almost assuredly correlated to the manipulation of sentiment at BTC's strongly psychological $10,000 price level. The current leverage trading options available likely being the vehicle for this manipulation-- with heavy hitters nabbing profits at the expense of smaller traders gambling on leverage. The $10,000 BTC level presents a golden opportunity for these types of games and shakeouts of weak hands due to its psychological impact on the market as a whole. I have added uncertainty about where this goes from here but am still more bullish than bearish. Looking for today's daily close to be above the 0.618 Fib retrace level to maintain optimism.
DENIED But still bullish! - Bitcoin BeatsHello, Hello, Hello,
And welcome back, to Bitcoin Beats.
Yes. We got DESTROYED by the Chinese whales. Yes. I WAS bullish yesterday. BUT. I also said NOT to long until we CLOSE the daily candle outside of our resistance line. Because, AND I QUOTE "This could still be a trap here".
So I hope you're all having a great day, we have evidence here that we are more bullish as we haven't even wicked over that resistance line since $14,000 so there is hope and I am still very bullish to get to the next area upwards but this is still a rejection and we could head down from here in the short and medium term. For continuation upwards we need to either consolidate this area or bounce hard from $8500.
Thanks and Goodbye, From Bitcoin Beats
Bitcoin: Be Careful Now!Even though we do believe BTC has already bottomed out and the 3k marked the starting point of the current BTC bull cycle, we do want to point out the overly long sentiment in the market right now and the increasing risk of a long squeeze. With the Plus Token scam still having an estimated 50k – 70k BTC needing to distribute to the market, we are still facing several bumps in the BTC up run. Furthermore, most Chinese’s at least one-week-long Lunar New Year vacation starts next week. Lots of activities take place during this holiday and lots of them are costly (eg. giving out Hong Bao, cash wrapped in red envelopes to family members). It makes sense to cash out from the market.
For longer term views, see the linked ideas below.
Bitcoin: The Mother of All Trend Lines==============================================
NOT INVESTMENT ADVICE - PLEASE LIKE AND SHARE!
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Price Action tells a story:
If the trend is your friend then the "Mother of All Trendlines" in crypto could be the best friend you'll ever have in your life.
This parabolic adoption trend line that runs the length of the log chart is what the "real" price of Bitcoin is. This is where the "wholesale" price of Bitcoin is found.
Throughout the history of Bitcoin, large holders have accumulated near this line before causing enough FOMO to take the price much higher than it would have naturally, causing the price to "bubble up" from the growth trend line. That's where the insiders...whales, market makers, exchanges, institutions, etc. dump their bags at "retail prices" onto retail traders heads.
I've waited since summer '19 for the price to fall down to the trend line. Whales have accumulated hundreds of thousands of Bitcoin during the "crypto winter". Why would they do that if they were just going to let it sink to $1,000?
It CAN'T sink to $1,000, or even 3K. Because HODLR's simply won't let go and demand is too high from large whales hodling as well. There is too much incentive to try and take the price higher. Smart Money stands to make hundreds of billions of dollars dumping the one million coins they've accumulated during the bear market. These people aren't stupid, they're some of the smartest people in the world and they're running an operation with military-like precision to make this happen.
So no, I don't think Bitcoin is "going to 4K" and if it happens to hit 5K it would be the fastest wick you've ever seen in your life.
I'm bullish until that trend line is broken. Period.
Right now the price is riding this line. I've circled the area of interest. If the price keeps climbing along this trend line then erupts upward in the next couple of months, that will confirm the new bull run.
I believe there are three reasons for the bear market rally of 2019: it was a FOMO test to see how market participants would react, a whale money-grab, and it helped to throw off indicators and moving averages to make traders doubt themselves.
The price is currently riding the Mother of All Trend Lines at the accumulation zone.
The whales are accumulating right now, are you?