My observation of whale wallets during the last sell off
A few months ago the most experienced traders in the western world already called for a target area in BTC between 4700-3000$. During this last sell off right into this region I've been watching the actions of the largest BTC wallets.
Their owners who cares whether it's the illuminati or reptiloids are aware of the behaviour of markets and that they are driven by mass psychology. The sentiment of market participants is reflected in the structure of the price and skilled traders and probably the whales know how to interpret the structure to estimate future prices. The key is to not take part in the sentiment and to do the exact opposite of it which means to buy low and sell high.
While many hodlers are folding right now they give their coins right into the hands of the sharks with millions of dollars who already know that the moon flight to at least ~60k is about to begin. See the diagrams of the top wallets in the link below. Their are either not selling or adding to their positions as they did yesterday.
https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html
YES, Butttt…..
These same ppl could be building cheap reserves for a "dead cat bounce" and make some killer Fiat on a run back up to 6-7k and then crash it again. I have heard that $1,500 is possible for BTC. Is there any way to estimate these possible "lower support levels" in your mind?
Nice Article, I am looking to post one of my own soon, may I link to this? :o
Yes please link to this you're welcome.
1.500$ wouldn't be typical for the behaviour of the price comparing it with it's historic reference as corrections haven't been that large in price but in time. 3000 is last stand and if that breaks strongly now or later the bull market would be over for few years.
Do you even know the "key dates" for the BTC History?
When did the bullsh!t Futures Trading Start? I see some huge top 10 wallets that are very likely connected to the futures markets. Ownership connected to big banks is very suspect, and bank$ter$ will
MOS DEF
Lose a little money in the Crypto-Sphere in order to protect their Ill-Gotten Fiat Gains. Trust me in this ;)
A whale doesn't have to be a bank$ter could be any rich person. Any fundamental data as well as the start of the futures trading has no influence on the price.
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