The 700 million tether issued indicate the top. Why Tether has to be issued ? Because the whales who dominate the market are about to exit and redeem cash. When I am writing this article, the Tether news just came out. Will the market has a massive pump after the news as it did in last October ? I don’t think so. Notification: This is just an educated guess...
The price have been suppressed by the EMA 60 in 1h chart four times. The price doesn't move up but the contracts in Bitmex have been back up to 600 million. We might be seeing a 1k dump very soon.
Many previously pumped altcoins have come down already, but bitcoin still fluctuates gently around 5.1k. Why does bitcoin not come down with others ? Is there any chance that the drop is over and we are seeing a pump soon ? I don't think so. We're are seeing the longest wkycoff top since Feb 2018 as I mentioned in the previous analysis. Do you think the whales...
The market didn't real have many people come in since the massive dump in November. Fundamentals didn't change. The halving bullish run we are expecting hasn't come yet. Given the insuiffiect depth of altcoin/bitcoin depth, they will be sold as bitcoins during the trend, and those bitcoins appears as selling walls. We're seeing this avalanche effect soon ! These...
Conclusion first: We're going down, very likely to have a pump at 4500 to 4900-5000, which is the 0.5 Fibonacci retracement, then going down below 4k, finally have a bottom at former low at 3300-3600. What happened : The whales mircobuy at 3300-3600, and then a buying pump up to 4200. So the whole buying area is 3300-4200. What the whales that control the...
Conclusion first: We're going down, very likely to have a pump at 4500 to 4900-5000, which is the 0.5 Fibonacci retracement , then going down below 4k, finally have a bottom at former low at 3300-3600. What happened : The whales mircobuy at 3300-3600, and then a buying pump up to 4200. So the whole buying area is 3300-4200. What the whales that control the...