BTC Analysis 9/6/21
"BTC is dead" again? wait a minute π π
Everybody was looking at this pattern.
Whales know that really well and they use it against you.
What happens when we lose a support? Downtrend right? LOL
Take a seat, I'll tell you the story of the Whale and the Rekt
"BTC is dead" again? wait a minute π π
Everybody was looking at this pattern.
Whales know that really well and they use it against you.
What happens when we lose a support? Downtrend right? LOL
Take a seat, I'll tell you the story of the Whale and the Rekt
/2
Whales are using TA against you, they know you will short/close positions under support, they will actually make sure we lose that support (look at the 5 min candle when we lost support, volume of that candle specifically, u think that's an organic move? no, whale dumping).
Whales are using TA against you, they know you will short/close positions under support, they will actually make sure we lose that support (look at the 5 min candle when we lost support, volume of that candle specifically, u think that's an organic move? no, whale dumping).
/3
This is the candle that i'm talking about, this is the event that will trigger fear, this is how whales make sure to generate liquidity for their entries.
This is the candle that i'm talking about, this is the event that will trigger fear, this is how whales make sure to generate liquidity for their entries.
/4
So what they do is basically trigger your fear, make you bearish, they buy the bottom you sold and the run keeps going. They need to do it, they need liquidity.
So what they do is basically trigger your fear, make you bearish, they buy the bottom you sold and the run keeps going. They need to do it, they need liquidity.
/5
I've been around since 2017, i think this run is different, bear market is not even close (and i doubt there will ever be one like 2018-2019 if we don't reach crazy levels, and by crazy i mean x20 or so from 2017 top.
I've been around since 2017, i think this run is different, bear market is not even close (and i doubt there will ever be one like 2018-2019 if we don't reach crazy levels, and by crazy i mean x20 or so from 2017 top.
/6
In this run we have multiple chains running, interoperability coming, scaling solutions coming, DEFI is huge and will revolutionize finance sector, NFTs are cool, Institutional money actually coming in the market this time, and so on...
In this run we have multiple chains running, interoperability coming, scaling solutions coming, DEFI is huge and will revolutionize finance sector, NFTs are cool, Institutional money actually coming in the market this time, and so on...
/7
What i mean by this is that this is no 2017 scenario, then we had only shitcoins and Cryptokitties destroying ETH. Today is different. With all the fundamental news coming in lately you really think we are going down...? Technical Analysis is good if you know how to use it.
What i mean by this is that this is no 2017 scenario, then we had only shitcoins and Cryptokitties destroying ETH. Today is different. With all the fundamental news coming in lately you really think we are going down...? Technical Analysis is good if you know how to use it.
/8
Remember this: you need to know only 2 things about the markets:
1)99% lose, 1% win (the 1% are the whales).
2) whales operate differently from us because they have a problem: too much money.
Remember this: you need to know only 2 things about the markets:
1)99% lose, 1% win (the 1% are the whales).
2) whales operate differently from us because they have a problem: too much money.
/9
If they wanted to enter the market they couldn't get in like we would, just pressing "buy"and going all in.
They have so much money that if they entered the market like that they'd push the price way higher from the spot price.
If they wanted to enter the market they couldn't get in like we would, just pressing "buy"and going all in.
They have so much money that if they entered the market like that they'd push the price way higher from the spot price.
/10
So what do they do to enter the market? they need to generate liquidity.
How do they generate liquidity? triggering fear and making people sell at nonsense levels (IMO) when TA says so.
So what do they do to enter the market? they need to generate liquidity.
How do they generate liquidity? triggering fear and making people sell at nonsense levels (IMO) when TA says so.
/11
Third and last thing you need to know:
Be fearful when others are greedy and greedy when others are fearful.
Third and last thing you need to know:
Be fearful when others are greedy and greedy when others are fearful.
β’ β’ β’
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