BTC USDT PERP D on Binance: what are the plans of the Whales?
Hi guys
Last night we had a big dump caused by whales who are not satisfied with the price at that moment, so because of greed, they made the flash crash to buy at a lower, better price.
We broke the range, but there was not enough power to remain, so we had a big pull back into the range again.
First test will be at 8610, if we break this one, short till 7912, that level can work as support and will be crucial. If this breaks, we will go down to the next support zone around 6576.
So, even is your TA as perfect, we will never win from the Whales. They will decide how and when. This is the game: manipulation, they need sellers to buy or buyers to sell.
The only thing we can do, is manage a good SL because we have no inside info about what the next move will be.
Lets back up each other and be nice to people who missed there TA analysis. They could not know.
Last night we had a big dump caused by whales who are not satisfied with the price at that moment, so because of greed, they made the flash crash to buy at a lower, better price.
We broke the range, but there was not enough power to remain, so we had a big pull back into the range again.
First test will be at 8610, if we break this one, short till 7912, that level can work as support and will be crucial. If this breaks, we will go down to the next support zone around 6576.
So, even is your TA as perfect, we will never win from the Whales. They will decide how and when. This is the game: manipulation, they need sellers to buy or buyers to sell.
The only thing we can do, is manage a good SL because we have no inside info about what the next move will be.
Lets back up each other and be nice to people who missed there TA analysis. They could not know.
Note
Still ranging. Can we pass 8905? Or breaking 8480?Note
Ranging is buiding orders. A nice tweet i saw: Bitcoin crashes by 15% in 7 minutes on NO news: a rigged, totally manipulated, whales-controlled market where most transactions (90%) volumes are false as exchanges pretend to have liquidity they don't have. Massive pump & dump, spoofing, front running, wash trading! Total Scam!
Note
I use the daily chart only to see the Big picture. I trade the 15min to switch to 3min when there is a pullback. I wait till the pull back is digested and forming a new range. When this breaks, I step in. But once ñore: we have nio idea what the Whales are planning.Is the current price good to them? Or is the greed higher and we go down again? I can't put my analysis on TV with a 3min timeframe, i'm sorry, it is just not posible. And i have ni idea how to put a screenshot as an update lol
Note
At the 15min, i can notice a bearish Rectangle, range between 8864 and 8457. Are we going down again? SL above 8864 if you're planning to go short. Succes if you are.Note
Still in a no trading zone, the Big Boys having diner and siesta (:Note
As expected, we broke the range at 8424, the Big Boys are back. We are now in sellers terretory so we sell from the buyers. I wait for the pull back at the 15min chart and observe the digestion at the 3min. The pull back needs to be fully digested! When the next range will be broken, i step in Short.Note
Pull back has started at 8263Note
Now be carefull, the range go's back into the range hitting 8445 that has become resistance. If it breaks up, no trade for meNote
That's it for now, to me it's to risky. Let's see what the evening brings. Best of luck!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.