whales cannot open a large short position at the risk of crashing the market and risking a bounce. they have a strategy in place.
1. they often play BOTH sides of the market * evidence is the volume corresponding to whale movements 2. put up huge BUY walls to control the bleeding and accumulate SHORT positions. 3. these BUY walls get chipped into and they use these LONG positions to create a momentum. (by closing these longs on order book when volume drops off and its thin.) 4. the process is explained in the chart.
thank you :) please leave a like :D means a LOT to me!!
Hey thanks for your TA, keep up the good work!
Any idea on EOS as of today ?
I’m having a hard time finding those whales movements again, and anticipate the trend...
vivekmessikumar
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@camelia_crypto, Youre welcome ;)
i do believe that approximate low was set for now..
the next dip to catch is when BTC dips to 7900
most coins follow BTC movements
12 USD eos buy is very very ideal for a bounce to 18USD (0.618 retracement of the drop from 23 to 12)
the reason for this bounce is momentum caused by whales buying to close short positions
this is the wrong chart to follow BTW.. big volume for EOS is EOSUSD and that chart was almost too perfect along with all the targets.. maybe thats why this chart can be a little confusing.
markbachman
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I dont understand. Sorry its too much.
CryptoCow
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This is just how markets move. Nothing special here.
Whales are also market participants, just like anybody else.
Majinga
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I am just a noob, but thanks for sharing and let us learn how this shit works
Any idea on EOS as of today ?
I’m having a hard time finding those whales movements again, and anticipate the trend...