Whale Traders Picking Up Steam, While Retail Fears Bull Trap... Ideal Setup!?
๐ Crypto markets typically follow the path of key whale & shark stakeholders, and move the opposite direction of small retail wallets. In our chart below: ๐ฅ W
แจแแแแฅ แแญแญ แ แญแฐแแแข DYORแข
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๐ Crypto markets typically follow the path of key whale & shark stakeholders, and move the opposite direction of small retail wallets. In our chart below:
๐ฅ Whales dumping, Retail accumulating (VERY BEARISH)
๐ง Whales dumping, Retail unpredictable (BEARISH)
๐จ Whales & Retail particularly unpredictable or moving sideways (NEUTRAL)
๐ฆ Whales accumulating, Retail unpredictable (BULLISH)
๐ฉ Whales accumulating, Retail dumping (VERY BULLISH)
๐ณ Since December 17th, whales & sharks holding 10-10K Bitcoin have collectively accumulated 56,227 more $BTC. This marked crypto's local bottom. And even though markets stayed relatively flat, the bullish divergence from their accumulation was bound to produce at least a minor breakout.
๐ฆ Over the past 24 hours, things have gotten even better due to the fact that retail traders (wallets with <0.01 $BTC) are now taking profit with the expectation that we are in a bull trap/fool's rally.
๐ง Entering into a green zone now, we have a higher probability than usual to continue to see market cap growth throughout crypto. Remember that nothing is a guarantee, though, and whales may change their minds and take profit on a dime. As the chart below shows, some zones last weeks, while others may only be a couple of days.
๐ Monitor the top assets' bag movements by watching the green lines (representing key whale & shark holdings) and red lines (representing small shrimp holdings) here, and see what others in cryptocurrency can't!
แญแ แจแแแแฅ แแญแญ แ แญแฐแแแข DYOR.
