Yes, my dear friends, this is far from over...
Do you know who has been buying discounted BTC these days?
Obviously you know, the top 100 Richest addresses on BTC have almost doubled their purchases this week while keeping their sales constant.
What does this mean?
certainly these people have the power of the market in their hands and although there has been some son of a btch ** who has sold BITCOIN (aka BINANCE*), the rest have been bought in excess.
And how do we know that the triggers of all these series of mini BEAR Market have been BINANCE?
Well, check it out for yourselves:
BINANCE's huge sales on key days are what seem to have driven the market down. A small relative movement of this exchange and, pufffff ... millions of dollars in LONGS positions liquidated. For some reason, this wallet (BINANCE) is number 1, manipulation is its speciality and main business.
However, it is curious that TODAY BINANCE has sold 17,500 BTC and the market has not reacted negatively at all... for the moment.
The rest of the big whales are buying, almost all of them.
Impressive what is doing nowadays the 14th address out of the Top100, it has gone from 3500 BTC to 42000 in just one week!
Look how is behaving, he is buying or selling "almost binary" the majority of his BTC stake in key moments, and every time his stake (Blue line) is bigger.
Another example is the 3rd Top100 address, who looks to behave more consistently, accumulating on valleys, selling only almost at the peaks:
Below my weekly follow-up chart of the BUYING/SELLING ratios:
As I already said at the beginning, the ratio BOUGHT/SOLD is 2.67 while one week ago was 1.77, a notably increase in favour of the BULLS IMO.
*Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently. Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.
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Hace dias que estoy pensando lo mismo
Te dejo me reflexion sobre lo que estan haciendo los exchange: Cada vez le quedan menos bitcoin a los exchange entonces cualquier venta de bitcoin la potencian a la baja revientan las posiciones apalancadas, consiguen mas bitcoin que luego tienen que vender y asi sigue el ciclo hasta que tienen tantos dolares que consiguen bitcoin a precio barato.
Que venden cuando sube el precio y cuando les quedan poco saldo de bitcoin vuelven a hacer el proceso.
El precio va a reventar al alza cuando no haya mas posiciones apalancadas al alza y tengan bajas existencias de Bitcoin.
Alcoins
Cuando tienen pocos bitcoin inflan las alcoins para luego en una correccion revientar stops y hacer el mismo proceso que con Bitcoin excepto que los dolares invertidos los pasan a Bitcoin.
Esto en algun momento va a ser que Bitcoin explote al alza y ahi veremos el pico alcista de este ciclo
Buen tema para opinar, tienes mi voto como siempre. Saludos
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Leverage trading is playing in the casino, you're always betting against the house.
Posted Using LeoFinance Beta
Leverage trading has to be intended only as a short term trading, enter and exit in the shot.
People don't understand this basic rule and fall into the hands of the manipulator who used to be the exchange, always.
Thank you for this nice post, it's refreshing to see such a well structured and informative writing. And where does Binance have all this BTC's? I mean, their main business is running the exchange, how come they have soooo many liquid BTC to sell?
?
Binance is the nr 1 exchange in crypto, obviously they have accumulated a lot of money doing this service and, at the same time they have earned a lot from investors and also by its own miners
I know that, of course but still - 5 billion dollars is way too much money, and why are they selling in the first place - taxes maybe one reason. However thank you, will look into it soon :)
I miss the future on Binance, it was a major movement in trading cryptos. Any leveraged product was banned here in Germany or Europe, on the other hand they are not banned completely.
Not in my place, Spain, I use Delta Exchange, No KYC btw
Ok nearly the same leverage like on Binance, thanks i will check the conditions
We will be at this level until the powers that be are satisfied... unfortunately.