Conclusion first:
We're going down, very likely to have a pump at 4500 to 4900-5000, which is the 0.5 Fibonacci retracement , then going down below 4k, finally have a bottom at former low at 3300-3600.
What happened :
The whales mircobuy at 3300-3600, and then a buying pump up to 4200. So the whole buying area is 3300-4200. What the whales that control the market do is to build a short position at 4200 and a long position at 3300-3600. Many retailers and baby whales still think 4200 which is the former high is the top and short is the first thing comes to their mind since the bear-asserting dump in last November. The mega whales then closed their short position at 4200 and formed an unformidable run to 5k. Have you noticed that the pump is just 4200-3600? That’s the trick the whales have been using over and over again. Short positions at 4200 and lower just serve as a stop loss pool.
What is happening :
“Is” refers to the candles above 5k. Obviously, it’s the wykacoff top. A deceiving price to lure retailers to aim for 6k and above. The large level only supports the whales to go to 5k. They have to buy in above 5k to make the pump, so the dump in step with it is in horizon. The first time the price breaks 5k, it’s the safe trap. The top is actually the 5-5.3k area, and the whales use the pump trick to 5.6k mentioned above to stop loss hunt short positions at 5.3k, which would share the dump interest with them when they are selling.
What will happen ?
Will there be any pump back to 5.3k, 5.4k, 5.5k or even above ? Not very likely. Notice, we’re making history again. If we have a look at the 3-day chart, there has been 4 candles above 5k, which make it the longest top in the chart since Feb 2018. Most positions of the whales have exited the market. Today’s dump tells people the bear might be back in town. A pump back will just liberate the long position in loss and enable others to open short positions. 4 3-day candles, it’s insane. If there’s only 1or2 3-day candle, there might be a fomo rally to 5.8k or even above. Without the support of the whales, there seems only to be one direction.
5k serves as a support level , in theory. Retailers will open long positions and close short positions at 5k, which makes it less likely to see a pump at 5k. The Usdt fraud news also just came in this tricky point, intimidating people not to open a short position given the short position massacre pump in last October. I think the real pump might happen at 4.4k-4.5k, when retailers are convinced that the bear is back in town and the long position liquidation notification e-mails after they longed at 6k last November start to flash back and haunt. They will follow the down trend and then open a short position at 4.5k and the whales will just close some short positions above 5k and stop loss hunt them. So my strategy is to have a hedge long position open at 4.4k-4.5k and hold it to 4.9k. 4.9k is a 10x short loss hunt position and also so promising that the dump might be just a dip and the bull will be back, but not.
Given the mood in the market, the time cycle, I think there might be less pump after last May but more after last July. A more fancier TA chart a retailer draws, the more he will suffer in the down trend. Cause the fluctuations will be completely unpredictable and controlled by the whales in the down trend.
Alt coins ?
Forget to mention above. The dump engine: Bnb+BCH-Bitocin
Ripple seems to be a good deal. After its bb reaches its former low, which is about 0.24, and if the same trick applies, I am aiming at 0. 5-0 .55 in the next pump cycle.
We're going down, very likely to have a pump at 4500 to 4900-5000, which is the 0.5 Fibonacci retracement , then going down below 4k, finally have a bottom at former low at 3300-3600.
What happened :
The whales mircobuy at 3300-3600, and then a buying pump up to 4200. So the whole buying area is 3300-4200. What the whales that control the market do is to build a short position at 4200 and a long position at 3300-3600. Many retailers and baby whales still think 4200 which is the former high is the top and short is the first thing comes to their mind since the bear-asserting dump in last November. The mega whales then closed their short position at 4200 and formed an unformidable run to 5k. Have you noticed that the pump is just 4200-3600? That’s the trick the whales have been using over and over again. Short positions at 4200 and lower just serve as a stop loss pool.
What is happening :
“Is” refers to the candles above 5k. Obviously, it’s the wykacoff top. A deceiving price to lure retailers to aim for 6k and above. The large level only supports the whales to go to 5k. They have to buy in above 5k to make the pump, so the dump in step with it is in horizon. The first time the price breaks 5k, it’s the safe trap. The top is actually the 5-5.3k area, and the whales use the pump trick to 5.6k mentioned above to stop loss hunt short positions at 5.3k, which would share the dump interest with them when they are selling.
What will happen ?
Will there be any pump back to 5.3k, 5.4k, 5.5k or even above ? Not very likely. Notice, we’re making history again. If we have a look at the 3-day chart, there has been 4 candles above 5k, which make it the longest top in the chart since Feb 2018. Most positions of the whales have exited the market. Today’s dump tells people the bear might be back in town. A pump back will just liberate the long position in loss and enable others to open short positions. 4 3-day candles, it’s insane. If there’s only 1or2 3-day candle, there might be a fomo rally to 5.8k or even above. Without the support of the whales, there seems only to be one direction.
5k serves as a support level , in theory. Retailers will open long positions and close short positions at 5k, which makes it less likely to see a pump at 5k. The Usdt fraud news also just came in this tricky point, intimidating people not to open a short position given the short position massacre pump in last October. I think the real pump might happen at 4.4k-4.5k, when retailers are convinced that the bear is back in town and the long position liquidation notification e-mails after they longed at 6k last November start to flash back and haunt. They will follow the down trend and then open a short position at 4.5k and the whales will just close some short positions above 5k and stop loss hunt them. So my strategy is to have a hedge long position open at 4.4k-4.5k and hold it to 4.9k. 4.9k is a 10x short loss hunt position and also so promising that the dump might be just a dip and the bull will be back, but not.
Given the mood in the market, the time cycle, I think there might be less pump after last May but more after last July. A more fancier TA chart a retailer draws, the more he will suffer in the down trend. Cause the fluctuations will be completely unpredictable and controlled by the whales in the down trend.
Alt coins ?
Forget to mention above. The dump engine: Bnb+BCH-Bitocin
Ripple seems to be a good deal. After its bb reaches its former low, which is about 0.24, and if the same trick applies, I am aiming at 0. 5-0 .55 in the next pump cycle.