Strategic Bitcoin Accumulation & Market Insights: October 2024
Current Price : INDEX:BTCUSD $61,898 🚀
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1. Overview of Price and Market Dynamics
Price Action :
Bitcoin is trading at $61,898 , showcasing strong momentum. Market dynamics reflect a balance between whale accumulation 🐋 and short-term speculative movements 📊. The price has consolidated after breaking key support, with large holders dominating market activity.
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2. Accumulation Zones 🛑
Whales have been steadily accumulating in the $55,000 - $58,000 range 🐋, signaling strong confidence in future price appreciation 📈. This zone will act as a significant support level in case of any pullbacks.
- Accumulation Zone : $55,000 - $58,000
- Observation : This zone has the highest concentration of buy orders, making it a critical support area.
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3. Distribution Zones 📈
The primary resistance zone is located between $65,000 and $67,000 . Sell-side pressure is expected to increase as short-term traders take profits 💰. Watch for increased volatility in this zone.
- Distribution Zone : $65,000 - $67,000
- Observation : Significant resistance at this level could trigger a short-term pullback.
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4. Accumulation Strategy 📊
Where :
The ideal accumulation range is between $58,000 - $60,000 , where whales are heavily positioned. Large holders are removing Bitcoin from exchanges and storing it in cold wallets 🧊.
When :
Accumulate during periods of low volatility. Exchange outflows indicate fewer people selling Bitcoin, providing a strong buy signal 🔥.
How :
Use a dollar-cost averaging (DCA) approach between $58,000 - $60,000 to mitigate volatility. Set stop-losses below $55,000 to protect your capital.
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5. Distribution Strategy 💡
Where :
Consider selling around $65,000 - $67,000 , where strong resistance is expected 🛑. This area has previously seen significant sell orders, creating a potential distribution zone for traders.
When :
Look to distribute as Bitcoin nears the $65,000 resistance level. Failure to break this level will likely lead to a pullback 📉.
How :
Use limit sell orders slightly below $65,000 to maximize profits. Long-term holders can consider partial distribution to lock in gains while riding the next potential wave upward 🚀.
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6. Whale Activity and On-Chain Metrics 🐋
Whales have been accumulating Bitcoin steadily between $55,000 - $58,000 . The reduced exchange inflows indicate large holders are moving assets off-exchange 🧊, preparing for a long-term hold. Unspent Transaction Outputs (UTXOs) have been increasing, further confirming long-term accumulation.
Actions :
- Accumulate with Whales : Buy within the whale accumulation zone between $58,000 - $60,000 .
- Monitor Exchange Inflows : Decreasing inflows are a bullish signal for future price appreciation.
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7. Key Technical Indicators 📊
- Support : $55,000 - $58,000
- Resistance : $65,000 - $67,000
Volume :
Volume is building around the $58,000 - $60,000 range, indicating steady accumulation 📉.
RSI :
RSI is neutral, meaning Bitcoin is not yet overbought. Momentum is building for a potential breakout above $65,000 .
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8. Derivatives and Open Interest Analysis 📈
Open Interest :
Bitcoin open interest remains elevated in futures markets, signaling heavy speculative activity. A potential price move above $65,000 could trigger liquidations 🚨.
Funding Rates :
Funding rates are neutral, meaning long and short positions are relatively balanced. This suggests that traders expect further price gains, but not extreme volatility.
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9. Take Profit and Stop Loss Levels 📉
Take Profit Levels :
- $65,000 - $67,000 : Ideal take-profit zone for short-term traders 📈.
- $70,000 : Secondary take-profit target for those expecting a strong breakout.
Stop-Loss Levels :
- $55,000 : Place stop-losses just below this level if accumulating around $58,000 . This ensures capital protection in case of a downside move 📉.
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10. Final Observations and Strategy Summary 🔍
Why :
Whale accumulation, decreasing exchange inflows, and strong on-chain activity suggest that Bitcoin is entering the final stages of accumulation. A breakout above $65,000 could drive prices toward $70,000 .
Where :
Focus on buying in the $58,000 - $60,000 range and aim to sell near $65,000 - $67,000 . Long-term holders should continue holding.
When :
Look for accumulation during periods of low volatility and outflows. Distribute near resistance zones and take profits at critical levels.
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Strategic Actions :
1. Buy : Accumulate between $58,000 - $60,000 .
2. Sell : Take profits near $65,000 - $67,000 .
3. Hold : Long-term holders should maintain positions, as whale activity points to future upside 📊.
Whalesalert
bitcoin parallel channel 2021-2023Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below.
Monero : Every detail about latest hardfork + Technical AnalysisHi friends.
hope you are good.
today i want to tell you some details about August 14 Monero Hardfork.
after that we take a look at XMR chart and analyze that in price action.
Lets Do Them:
This fork happened at block 2,688,888, this Sunday (14 August).
It brought several fixes to the internal multi-signature mechanism to facilitate the exchange of information.
Such as key sets and data synchronization between wallets, as explained on their website:
“Multisig means that a transaction needs multiple signatures before it can be submitted to the Monero network and executed.
Instead of one Monero wallet creating, signing, and submitting transactions all on its own,
you will have a whole group of wallets and collaboration between them to transact.”
The network upgrade also included changes to its ‘Bulletproofs’ algorithm to boost transaction speeds
and reduce transaction sizes by an estimated 5-7%, as well as improvements to its multisig mechanism.
At the end lets see some after effects:
1-Monero’s block size increases.
2-Reduce wallet sync time 30% - 40%
2-XMR’s market capitalization rose
3-According to Lunarcrush.com , Both social mentions and engagement saw 121% and 180% hikes.
4-Whales began to showcase interest to XMR.
Hope you enjoy this article.
now lets see Technical analyze of XMR on marketcap:
Remember this is a Longterm Analysis and we need time for grow.
please share me your opinion about this post in comments.
we will grow togheter...
Monero : Every detail about latest hardfork + Technical AnalysisHi friends.
hope you are good.
today i want to tell you some details about August 14 Monero Hardfork.
after that we take a look at XMR chart and analyze that in price action.
Lets Do Them:
This fork happened at block 2,688,888, this Sunday (14 August).
It brought several fixes to the internal multi-signature mechanism to facilitate the exchange of information.
Such as key sets and data synchronization between wallets, as explained on their website:
“Multisig means that a transaction needs multiple signatures before it can be submitted to the Monero network and executed.
Instead of one Monero wallet creating, signing, and submitting transactions all on its own,
you will have a whole group of wallets and collaboration between them to transact.”
The network upgrade also included changes to its ‘Bulletproofs’ algorithm to boost transaction speeds
and reduce transaction sizes by an estimated 5-7%, as well as improvements to its multisig mechanism.
At the end lets see some after effects:
1-Monero’s block size increases.
2-XMR’s market capitalization rose
3-According to Lunarcrush.com , Both social mentions and engagement saw 121% and 180% hikes.
4-Whales began to showcase interest to XMR.
Hope you enjoy this article.
now lets see Technical analyze of XMR on marketcap:
please share me your opinion about this post in comments.
we will grow togheter...
Whales making moves. An anonymous cryptocurrency wallet holding $43,718,860 of Bitcoin BTC just transferred their funds onto Coinbase.
Cryptocurrency transfers from wallets to exchanges is typically a bearish signal. Most high networth cryptocurrency traders hold their funds on a hardware wallet, as these devices offer better security than cryptocurrency exchanges. Hardware wallets store investors’ private keys offline, securing their digital assets from online hacks.When whales transfer bitcoin onto an exchange, this typically means they are looking for liquidity. It’s unlikely that the investor plans to hold their crypto on Coinbase, as the security risks of holding large amounts of cryptocurrency on an exchange are higher than holding these assets in a hardware wallet. It’s likely that this Bitcoin whale is planning either on selling Bitcoin or trading it for other altcoins.
As for our daily chart we can see bitcoin trying to break across the 44k resistance level, if failing to do so we could see a rejection back to 41k support mark or the ascending trend line. If we see a bullish scenario we could be aiming at the 51k mark as shown on the chart next.
FIDA. End of downtrend. +1000% ahead. Don't miss it!AI scanner chose FIDA because:
It ended its downtrend with a spectacular breakout.
Price is stable above the falling wedge.
Pattern target is +100% (spot) or +1000% (x10).
We invested ETH 1000 into this altcoin.
Analysts, other whales instantly jumped on the wagon.
DYO, but don't blame us if you miss the train!
SHIBA INU propaganda is overProbably you heard everyone talk about the Shiba Inu coin and how profits it makes in less than 1 month, 1100 % return seems cool but where the coin will go for the next period,
the propaganda behind Shiba is what makes it attract liquidity technically there is no project or a company behind this coin. the market cap has changed from 41.19 B on 30 October to 20.7 B market cap on 7 December making -60% loos of the price. even in the crypto market crash, the top coins are still a value like XRP, EOS.
Inexperienced investors and new crypto holders have a concept that Shiba will be 1 cent and they will be millionaires in the short term of the investment.
The propaganda is over now, Don't be fooled by false advertising
Trend Has Broken! BE SUPER CAUTIOUS! HOWEVER...BTC has broken its short term up trend. We are finding support at 60k, however, this is very WEAK level of support. Instead I'm looking at 58k level of support, and if BTC breaks below that I will be looking at 53k.
I am simply looking for a trend to form. Once we have confirmation on the daily and 4 hour chart of an uptrend, I will look to open a long position. The price target is 74k or 84k.
Make no mistake the bulls are fully in control at this point . The weekly BTC chart is the strongest it has EVER been. The Whales are holding! Take a look a the on-chain metrics, it's never looked more bullish than now. Something is brewing and the whales know it...
A couple of things to note:
1. I would not recommend opening any heavily leveraged positions at 60k, as it's a very uncertain area. Instead look for a bullish confirmation, such as a daily close above the 62500 level, to open a long position.
2. BTC generally tends to trade higher on the weekends. Wait for the weekdays and see if we fall lower towards 58k. Only then should you want to look to open a position.
3. I am personally super bullish on the daily and weekly charts. Over the next couple of weeks I fully expect to see 86k (1.618 Fib Ex) BTC.
4. Small dips like this give traders a SOLID opportunity to establish long position. However, it important not to over leverage and to look for a solid trend/level of support. There is no rush! Wait for an opportunity to present itself.
5. The trend is your friend! If you are uncertain about price action, just wait for a trend to form, then play that trend until the end.
Leave you comments below and LMK (a) where you plan to open a position (b) what your price target is! Are we going to hit a 100k BTC by EOY?!
Happy trading guys!
Bitcoin goes for 19000 USD !!!believe me I'm foreteller !
As I said at May 19, Bitcoin going down to reaches 19k. There are many evidences confirm this descending trend but we just consider technical analysis here!
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since May 2020 we saw MA50 above the MA200 and now since June 19 we seeing MA50 under MA200 with a significant slope.
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We have a strong resistance here at 29k-30k channel and if the price breaks it to downward, reaching 19k is achievable.
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God bless you
Marine Biology Holds The Answer- (Whale is about to Poop 🐋💩)Don't laugh, this is a serious question on a serious chart by a serious analyst.
As you can see on the Bitcoin chart, it has been totally a Whale's game for a few weeks now. Our usual technical analysis that had been performing like a Swiss watch until then, suddenly stopped producing the usual 'buy here', 'sell here', 'buy again here' pin point successful prognostics.
Something was going wrong but I have just managed to 'see it' in the chart... it is a Big Fat Ugly WHALE with a nice smile on her face. Whale ate a lot of candles, red and green; and a lot of liquified positions.
Surprisingly enough the Whale analysis (technically it's called Marine Biology Exponential Moving Whaling Average) agrees with my technical analysis:
The price is about to get volatile and pick a direction (the wedge)
The Whale is full and is about to POOP💩
I immediately had to run to Google to find the answer, since I am divorced and I have no encyclopedia at home (a wife who knows everything💡).
so I Googled this: '' where does whale poop go'' 🤔💭
Google says it goes up!!!! Unlike fish poop, whale poop floats! ! BITCOIN WE ARE GOING HIGHER!! 🤩✨🤗
JUST BE CAREFUL: Usually whales fart first (false breakout) then take a nice dive before releasing their flying shit all over the chart. - WHAT A RELIEF THAT WILL BE FOR ALL OF US!!!
FXPROFESSOR
Uncertified Marine Biologist and Whale Shitologist
ps. whale poop is expensive. It goes for $7,000 a pound - that means Bitcoin will start a rally to 77,000$
Bitcoin Whales Are About To Rip You Off!If you watched price action on yesterdays close, the week has closed below 52k and the bearish flag broke down as expected, but whenever something expected happens in Bitcoin, whales start manupilating and that's what they did. Price action was insanely fast, that means it can't be a market move, it's a whale move.
Let's remember what whales want: rip you off. Now people will start FOMO'ing and whales will start selling. Again and again!
Now, if the price continues to rise and closes above $53.437.40, it's likely to continue until $53.086 which is the upper band of my indicator, the OTT bands.
I bought above $51125 but the market order filled only at $52290 and exit with some profit immediately. Thanks to Tradingview alarms and 3commas bot!
There is only one question you should be asking now. Am i in profit? No matter how much or you are about to get ripped off!
Take your profits!
BTC Monthly Outlook Update Approaching Whale Accumulation ZoneBTC Monthly Outlook Update (23/03/2021) Approaching Whale Accumulation Zone at the 78.60% Fibonacci level @ $52,371. Interesting next few days from here as a bounce from the 200 SMA at the whale accumulation zone could finally see us break through the key resistance at the current ATH level from 14/03/21 @ $61,690. April is set to be a very interesting and pivotal month for the cryptocurrency space. See previous analysis and monthly outlook below. Happy Trading :) #whaleaccumulationzone
Update 21/03/21: Yesterday the Bulls failed to push the price higher and we had a small retracement down from $59.5k to $55.6 where we found some support of the current price level (-7%). From here the worst case scenario would find us in a key whale accumulation zone @ 78.60% Fibonacci level $52,371. However this scenario is unlikely to play out and as expected from the previous outlook before, we expect the Bulls to come back in the market, pushing as further to higher highs as we have been consolidating around this key price range between $54.5K to the current ATH @ $61.8k. If we fail to break past the previous ATH , the bearish scenario may see a test of the 200 SMA around the 78.60% Fibonacci level, otherwise the Bullish scenario is still in play. Note that from this current trend from 28th January we have only tested the 200 SMA once and a bounce from this level may signal a much stronger bullish move towards our price target $77,335 @ the 161.80% Fibonacci extension and further $107,340 @ the 261.80% Fibonacci level. So far great performance this month from BTC as March is usually quite a bearish month looking back at the past. April looks ready for us to really fly, testing the 161.80% Fibonacci extension , but note this may not be a straight forward push but all the fundamentals are pointing towards the $70K as our next significant area of interest for the Bulls, currently a 16% gain from the current price level would see BTC reach $66,953 127.20% Fib extension. See previous analysis from 1st March 2021 below. Happy Trading :) $BTC #HODL
*Update 20/03/21
BTC Monthly Outlook Update from 1st March 2021; 13 EMA crossing up 50 SMA showing strong bullish sentiment as we are about to enter the last week of the month, expect the bulls to come back and to push the price higher. Currently the 127.20% Fibonacci Target ($66,953) has not been tested yet, but we expect some big movement in price over the next few days and further going into the last week of the month (Yes, it has been March Madness), 13% Gain from the current price level @ $59,390 to $66,953 127.20% Fib extension. Our next target after this is $77,335 @ the 161.80% Fibonacci extension . From our analysis at the beginning of the month It looks like scenario 2 has been in play, see below previous analysis from 2nd March 2021.
In addition to previous price analysis, the Cryptocurrency 'Super Cycle' is in play as we are just at the brink of global adoption. 2017/18 was the hype era, we cannot continue to set targets based on the price movements during the cycle mainly fuelled by hyper and euphoria, it is now 4 years later and real development has been happening behind the scenes, a lot of people cannot quite comprehend the growth and the different cycle that we are now in as Moore's Law of exponential growth can only give us a hint at the growth that is about to be experienced over the next 4 year cycle. An increased influx of capital injection into this now trillion dollar market will only continue, as Defi takes its hold on current Global financial infrastructure, and yes history repeats itself, We call this the 'Roaring 20s' just like before at the end of WW1, the pandemic has only accelerated the current adoption rate of blockchain technology. As some are already aware, the best time to grow a million dollar portfolio was from 2009 to 2019 just after the housing market crash. The second best time in our lifetime is Now! from 2021 to 2029 after the pandemic market crash. We are still very much Bullish for BTC to reach our EOY Target of $356,000, See below key fundamentals which support our bullish sentiment.
*(March 02, 2021 Update)
BTC is currently consolidating at 61.80 Fibonacci Level. BTC outlook for the month ahead is still very much bullish . Although the sellers have been in control of the market since soaring to a new ATH on 21/02/21, BTC took a sharp retracement as expected at these new level of resistance as well as a new ATHof$58,792 on the Gemini Exchange. As from historic highs we see a lot of profit taking occurring after 3 weeks of setting new constant highs from the previous low of the last push wave which saw BTC setting a high of $42K and then sharply retracing down to $28,787 where we found the previous resistance and also the beginning of the last phase which saw one of the greatest run of Bitcoin in history, reaching the current ATH of $58,792.
With the current push phase now over we find ourselves asking how low can we go from here and when do we expect to break past a new ATH . This outlook is based on 2 possible scenarios which could both play out. We have seen the 50% Fibonacci retracement level respected on the last 2 Push phases which both set new ATHs, the first being $42K and latter, the recent high of $58K. As we have seen a strong retracement over the past 7 days back down to the 50% Fibonacci, it may be time for the BTC Bulls to regain control of the market as the current fundamentals point to the 50%-38.2% Fibonacci level of key resistance as well as a point of accumulation for the BTC whales, more importantly the $39,000 mark when looking left at the previous key resistance before the parabolic move to the $58k ATH .
With this in mind, from the current levels we could see the price of BTC sink further before the much expected move which could see BTC testing the previous High of $58k and further pushing to the 127.20% Fibonacci extension level setting a new ATH @ $66,953.
Scenario 2 would see the current push towards the ATH continue but may face some resistance, and further consolidation expected around $46k-$49k as they are the key Whale Supports towards the upside, so a further retracement could be in play, possibly testing the 50% Fibonacci level, as well as the 50 SMA , with a bounce confirming an explosive move to the upside which could see BTC easily smash past the 127.20% Fib extension level setting new fresh Highs between $67,000-$78,400+ by mid to late March. Use the buy zone indicated to map out your position as a possible 52% gain is achievable from the Buy zone. Stochastics showing an extremely oversold market condition. Happy Trading :) *
Key Supporting Fundamentals for BTC:
Strong Interest of Institutional Players
A survey of institutional investors and wealth managers who already engage with bitcoin reveals that 85 per cent plan to increase their investment in the cryptocurrency over the next two years.
The survey, which was commissioned by Nickel Digital Asset Management (Nickel), a regulated investment manager connecting traditional finance with the digital assets market, also reveals that between now and 2023, 72 per cent expect professional investors in general to invest in bitcoin for the first time or increase their exposure.
Current Economic Instability
The policy of the US Federal Reserve and the economic instability that has arisen as a result of the unprecedented emission of new dollars may further play a role in the growth of Bitcoin price...10% of the $380 billion stimulus money could be going directly into cryptocurrencies and Bitcoin .
Digital Gold
Crypto currencies certainly look as if they’re here to stay. It makes a lot of sense to have them in an increasingly digitised world. While bitcoin has a strong tendency to polarise opinion, it has now gained acceptance among some of the world’s largest financial institutions and payments companies. MasterCard, for instance, has said it will begin supporting crypto currencies on its network later this year. PayPal already allows eligible users to buy, sell and hold bitcoin in the US and expects to roll out its service in other territories soon.
The Case For Global Adoption and New Reserve Currency
Cryptocurrencies promise to help solve problems that are particularly acute in emerging markets (EM). Their governments are often centralized but relatively unreliable, which destabilizes currencies, opens the door to profiteering middlemen, and erodes public trust. Blockchain, the technology behind Bitcoin’s decentralized network, promises to cut out the grasping hands of governments and middlemen, and speed up transactions with more transparency and lower fees. It is offering what many EM customers are desperate for.
The Development and Extensions of Blockchain Technology
Due to the nature of blockchain technology’s ability to benefit all parties involved in different business operations. Since it was introduced in 2009 through the application of Bitcoin , blockchain technology continues to attract not just the financial institutions of the world, but also other fields and industries in insurance, law, entertainment and the Internet of Things ( IOT ) applications. Several scholars and advocates have also strongly suggested the use of the technology in voting systems globally, medical records and vehicle registrations by the state to further increase efficiency, simultaneously eradicating fraud in many areas. This technology does not only aim to improve conventional business operations but can also empower the greater society out of poverty as 1.7 billion adults in the world remain unbanked. The widespread adoption of a cryptocurrency like bitcoin running on the blockchain would mean that anyone with access to the internet can send and receive value from point A to B without the need of a third party.
Although many Banks were very hesitant and in fact spread fear in the markets due to cryptocurrencies being linked to nefarious activities on the dark web. A recent study by Goldman Sachs suggested that the adoption of blockchain technology in facilitating seamless cross border transactions without the worry of fraudulent transactions could save up to $6 billion a year; as the new models currently being developed by the bank would mean inefficient payment and accounting networks would be eradicated.
BITCOIN , will bears be back ?this is usdt dominance , if you watch related ideas whenever usdtd reaches weekly support theres will be a dump in bitcoin price , now cci is giving us usdtd reversal sign , also daily rsi broke out trendline , weekly candles closes tomorrow night and if it closes above 2.55 will warn a big dump or bearish market , at least one more leg down before going up ( if we are in a bullish cycle ) do not lose realated idea down below
TESLA MANIPULATIONHello Traders.
Stochastic RSI is sky high.
Would like to bring to your alert that Tesla is a "Castle in the Sky".
I have done the fundamental analysis on Google and bring to you a message.
Facebook and Google are both funneling money into Tesla.
Tesla is the last castle in the sky for the "New World Order".
Apparently, Elon knew the whole time. This was an Irish pyramid scheme.
Apple is in on it too even.
If you watch the MACD Moving Time Frame (composite moving average) signals on the third chart from the top, we see a sky high signal line with oscillation between buy and sell.
Why?
They're faking out the day traders.
Rise. Destroy Tesla. They "cannot" crash? They are. The one castle in the Sky.
Exposed.
Wait for the South Korean whales to move first.
Britain should be in on this too.
- dysonring2050
LISK onwards and upwards!Anyone else see that HUGE Lisk pump a few days ago? I was reading a few reddit threads and everyone was so quick to label it a pump and dump. I may be wrong, but i personally don't think that was a real PnD.
Looks like this was some big money scooping up LISK before we see parabolic growth over the next few weeks and months.
As you can see from the volume, there was a good couple of hours of sustained volume that happened that sent the price skyrocketing as big orders soaked up thin sell depth on Bittrex.
Those huge acquisitions also didn't sell off in the subsequent hours following the pump either, so if anything this looks like a pump and hold. Which I think is a good sign for LISK.
Given that there's the rebranding coming up in less than 3 weeks, they've just achieved 95% development on Core 1.0 and the SDK is all but ready to be released in the near future, this looks like whales accumulating to me and now that the price has almost come back to find support on the levels right before the pump, it's looking like a great time to add to the LISK bags.
Buy up now around the 235K mark and thank me in a few months!
Enigma (ENG) is heading to the MOON!Enigma ( ENGBTC ) is ready for a breakout
These patterns come up time and time again. The reason they come up is because of the way whales accumulate coins. They use bots to do this which causes very specific patterns to emerge. You can take advantage of this as a trader if you keep an eye on the coins.
The pattern is as follows:
Huge impulsive increase in price, supported by huge volume . Then a (sometimes long drawn out) consolidation period where the price action usually falls into a symmetric triangle (sometimes it's an ascending/descending triangle too). As the price converges to the apex of the triangle, the volume drops off. Usually the price will go through an A-B-C-D-E 0.49% wave, followed by a A-B-C correction with a shallow C wave, because there's so much buy pressure. Then we get another breakout after this correction is complete. I've witnessed this with so many coins, but here I'm publishing my first idea ahead of time to show that it really is happening.
Whales are accumulating A LOT of altcoins at the moment. If you are smart, you can spot it and take advantage.