I really doubt whales do the buying part on OTC at all, they probably sell at OTC for sure and someone must be buying from them but that is when the seller offers something decent for the wholesale price. Normally any whale with a bit of brain (which I assume they all have in financial regards since they are whales) they buy on the exchange, after all when you buy on the exchanges you increase the price anyway so why not both buy bitcoin and increase your profits at the same time ?
Buying at OTC only works if you get a great discount, if you are not getting a discount or couldn't find anyone to trade on OTC than you will want to buy on exchanges, you start to buy at 4k than with both your purchases and the resistance being broken you end up at 5k which means you profited even while you are buying.
Topic: Bitcoin Whales Have Started Splashing – This Rally’s Just Getting Started (Read 417 times)
April 17, 2019, 06:20:59 AM
April 17, 2019, 01:26:30 AM
Or someone might have screwed up with the buy orders and bought in on exchanges rather than doing it in an OTC market. While I don't think that in itself is bad and is very fishy, I think that it surely enticed a lot of people into buying more bitcoins thinking that the much-awaited rally is really here to come and they are seeing it before their very eyes. The price has since stagnated on the lower ebbs of $5000 and haven't tried to break out of $5500 except for the past 2 weeks. The craze died and the FOMO too, and I think these 'whales' already disassociated themselves with the rise and have since left out the markets for the meantime.
April 16, 2019, 05:13:02 PM
Whales are not ordinary people that put their money in that specific token or coin. They are all well educated for sure and they don't like to be in one coin at a time. If they are coming we will see it for sure. The market will react as if whales are already there.
April 16, 2019, 12:45:06 PM
It's not about the crash and dump that's being obvious, it's about the whale's movements.
So as your reply said, we must follow their lead as close as possible.
So as your reply said, we must follow their lead as close as possible.
Couldn't agree more... only problem for me is I'd love to be able to read all these movements, but seems to me (based on my past multiple failures) that it's really just anybody's guess. This probably isn't as "easy" as it might have appeared to be in the weeks and months predating 2016. Even Spoofy is apparently so hard to track. Not a single person was able to foresee that huge series of BTC orders earlier this month, not even all those scores of AI algorithms supposedly able to track and predict. Speaking of which, they've all gone awfully quiet. Machine learning obviously not working as whale sonar;)
April 16, 2019, 12:40:57 PM
The whales are playing the game their know best on how to play and we are the one that are really suffering from their activities especially if we don't know how the cryptocurrencies market work. We should invest along the way of whales instead of against their directions.
Good ending, they can only manipulate those that wishes or surrenders themselves for manipulation, what I usually advise many investors to do is not just to take the market alone as profit taking system but use it as means of learning how the whole system works.I think there should be a course or tutorial on whales action where people can really learn how to move along with the whale as you said, and I really think people are actually doing so already, this may be the reason why we are seeing some balanced fluctuation in prices as they are not really have enough space to breath.
If we can learn how to work along with whale, we will be able to achieve a high value that will be void of manipulation and one that its duping will never cause bear market again.
April 16, 2019, 01:10:54 AM
-snip-
And the crash was an obvious dump? There is nothing obvious in this market, you just have to follow the price, never try to get too ahead of it. You have to follow them, we don't have the power to move the market, this forum probably owns 1% of the market at best, at most.I see that you don't understand the context of my reply about the use-case of OTC and Open market trading for whales and blurted a reply that's not totally related to my post.
It's not about the crash and dump that's being obvious, it's about the whale's movements.
So as your reply said, we must follow their lead as close as possible.
April 15, 2019, 08:55:07 PM
Lee is bullish, so we can expect some bullish prediction.
Without considering his prediction, I still believe that whales are already back, I based it on some indicators, and one of them is the increase of trading volume. We don't have this kind of big volume before and only them can increase it when there is no significant news that will make the public do it.
Without considering his prediction, I still believe that whales are already back, I based it on some indicators, and one of them is the increase of trading volume. We don't have this kind of big volume before and only them can increase it when there is no significant news that will make the public do it.
April 15, 2019, 05:51:43 PM
Lee said:
“Bitcoin had a rough 2018 and for much of 2019, it’s been steadily climbing, and from what we can gather, it’s because there have been positive things taking place. You know a lot of the old whale wallets are buying bitcoin so it’s been slow accumulation.”
“Bitcoin had a rough 2018 and for much of 2019, it’s been steadily climbing, and from what we can gather, it’s because there have been positive things taking place. You know a lot of the old whale wallets are buying bitcoin so it’s been slow accumulation.”
The price went up and stagnated at $5000, so I wonder: if the whales are really accumulating, why is the price stagnant at $5000? because it would take a lot of time to buy when the price was $3000? why is it so hard to admit that the supposed whales have nothing to do with abrupt price drop and abrupt price increases?
I don't know about whales...
I also do not know anything about the supposed whales and I wonder if they really exist and if they have so much power to manipulate the price of bitcoin as some people say
April 15, 2019, 12:52:00 PM
I wouldn't call it a "Positive Sign", it's rather an obvious Pump (if it's really the whales)!
Why? Whales accumulates funds via OTC trading when needed, there's no reason for them to BUY from the open market other than a P&D attempt.
But the Dumping always has been done via OTC trading too, the problem are the traders that blindly follow their moves.
That's what News and FUD are for.
Why? Whales accumulates funds via OTC trading when needed, there's no reason for them to BUY from the open market other than a P&D attempt.
But the Dumping always has been done via OTC trading too, the problem are the traders that blindly follow their moves.
That's what News and FUD are for.
And the crash was an obvious dump? There is nothing obvious in this market, you just have to follow the price, never try to get too ahead of it. You have to follow them, we don't have the power to move the market, this forum probably owns 1% of the market at best, at most.
April 15, 2019, 01:58:03 AM
The whales are playing the game their know best on how to play and we are the one that are really suffering from their activities especially if we don't know how the cryptocurrencies market work. We should invest along the way of whales instead of against their directions.
April 14, 2019, 10:58:45 PM
I wouldn't call it a "Positive Sign", it's rather an obvious Pump (if it's really the whales)!
Why? Whales accumulates funds via OTC trading when needed, there's no reason for them to BUY from the open market other than a P&D attempt.
But the Dumping always has been done via OTC trading too, the problem are the traders that blindly follow their moves.
That's what News and FUD are for.
Why? Whales accumulates funds via OTC trading when needed, there's no reason for them to BUY from the open market other than a P&D attempt.
But the Dumping always has been done via OTC trading too, the problem are the traders that blindly follow their moves.
That's what News and FUD are for.
April 14, 2019, 10:36:02 PM
Accumulation never ends. If you think about it, accumulation is nothing more than a continuous process of buy low and sell higher.
that is not called accumulation bro. what you explained is just plain trading where you buy low and sell high (rinse and repeat). accumulation is the prolonged stage where you just keep buying and is indicated by a rather stable price (or horizontal line on charts) and a higher volume. and you are buying to sell it later on when the big rise came. so it means many buys and only one sell.
April 14, 2019, 03:51:01 PM
I don't know about whales but all the technical indicators are pointing towards a nice recovery. Weekly trend changing is huge, it hasn't happened since 2017. The daily trend looking stronger than ever and good volume behind it, the sentiment also seems to be changing and look at the recent ICO's held by Binance or Bittrex, sold out in minutes if not seconds.
The technicals are inconclusive at this time. We can be facing a selloff to confirm the bottom again, a smaller one to confirm the higher lows at 4,8k or something different. Historically, the beginning of a bitcoin bull market played very similar to what we are seeing now, but was followed with a drop to a third of the previous gain before the uptrend was confirmed and continued up. We could be facing 4,5k before we establish a new permanent support and go up. One thing that this asset has taught me over the years is not to be sure of anything. Although the chances of 3k or lower are slim, they still exist.
If I were to make a prediction, I'd say we'll be going up from here with or without a small short-term drop. 6k in Summer.
Breaking the weekly lower high pattern that lasted 1 year and a half is a pretty strong and clear indicator mate, you can't get any better than that really.
April 14, 2019, 02:05:39 PM
I don't know about whales but all the technical indicators are pointing towards a nice recovery. Weekly trend changing is huge, it hasn't happened since 2017. The daily trend looking stronger than ever and good volume behind it, the sentiment also seems to be changing and look at the recent ICO's held by Binance or Bittrex, sold out in minutes if not seconds.
The technicals are inconclusive at this time. We can be facing a selloff to confirm the bottom again, a smaller one to confirm the higher lows at 4,8k or something different. Historically, the beginning of a bitcoin bull market played very similar to what we are seeing now, but was followed with a drop to a third of the previous gain before the uptrend was confirmed and continued up. We could be facing 4,5k before we establish a new permanent support and go up. One thing that this asset has taught me over the years is not to be sure of anything. Although the chances of 3k or lower are slim, they still exist.
If I were to make a prediction, I'd say we'll be going up from here with or without a small short-term drop. 6k in Summer.
April 14, 2019, 12:24:00 PM
I don't know about whales but all the technical indicators are pointing towards a nice recovery. Weekly trend changing is huge, it hasn't happened since 2017. The daily trend looking stronger than ever and good volume behind it, the sentiment also seems to be changing and look at the recent ICO's held by Binance or Bittrex, sold out in minutes if not seconds.
Most of the sentiments are appealing to the most investors except the Chinese FUDs which is always making a negative statement everytime Bitcoin gets a new height. This new rally is giving a small hope that we are nearly at the bullish market but we will still have to hodl more since it is not yet ready to fly high yet. April 14, 2019, 11:54:26 AM
I don't know about whales but all the technical indicators are pointing towards a nice recovery. Weekly trend changing is huge, it hasn't happened since 2017. The daily trend looking stronger than ever and good volume behind it, the sentiment also seems to be changing and look at the recent ICO's held by Binance or Bittrex, sold out in minutes if not seconds.
April 14, 2019, 11:15:14 AM
We can presume but we cant point out!
We did see a rally on previous weeks on bitcoins price tending to rise up for some percentage and now we are tanking on $5k price but this doesnt mean that
rally is just getting started.We have seen recovery atleast but its too early to presume that we are already on heading to reversal.The thing we do commonly
know that whales would really be always there making up steps that do benefit them either accumulating or dumping for the sake of profits.
We did see a rally on previous weeks on bitcoins price tending to rise up for some percentage and now we are tanking on $5k price but this doesnt mean that
rally is just getting started.We have seen recovery atleast but its too early to presume that we are already on heading to reversal.The thing we do commonly
know that whales would really be always there making up steps that do benefit them either accumulating or dumping for the sake of profits.
April 11, 2019, 04:49:21 PM
Genuine traders also need to be wise and go along with the so called whales who has taken advantage of what cryptocurrency really stand for and honestly speaking, I can’t wait for cryptocurrency (Bitcoin) to really develop to its fullest where these whales will become very irrelevant because I see this strictly as stealing from the less privilege by taken advantage of their emotion, you might think its smartness, I see it as madness.
Stop and consider why this happens. It's not just madness. It's rational traders and investors riding the market waves and taking profit. Markets are pretty unpredictable so I don't blame anyone for buying before a drop in price. But the reason these buyers usually lose money is because they are impatient or overleveraged and that's their own fault.
Whales profit just like any other rational traders: they take money from people who aren't patient enough to wait through a drawdown. They buy when people are fearful and sell when people are greedy because that's when strong buy/sell liquidity exists.
April 11, 2019, 03:59:32 PM
I think their starting stage of accumulation was when bitcoin bottom at $3k which I believe they are still accumulating more now. If they are done accumulating, we wouldn’t have seen the sharp increase we saw recently in the price of Bitcoin.
I believe accumulation will continue till BTC reaches $6000, then after which we might see a slowly increase in the price of Bitcoin till more genuine investor who would use the system for payment pumps in more money to make it reach its ATH. So, as they are still accumulating, the best would be for us too to continue accumulating and study them carefully to know exactly when it is likely for them to sell off.
I believe accumulation will continue till BTC reaches $6000, then after which we might see a slowly increase in the price of Bitcoin till more genuine investor who would use the system for payment pumps in more money to make it reach its ATH. So, as they are still accumulating, the best would be for us too to continue accumulating and study them carefully to know exactly when it is likely for them to sell off.
April 11, 2019, 08:13:21 AM
Genuine traders also need to be wise and go along with the so called whales who has taken advantage of what cryptocurrency really stand for and honestly speaking, I can’t wait for cryptocurrency (Bitcoin) to really develop to its fullest where these whales will become very irrelevant because I see this strictly as stealing from the less privilege by taken advantage of their emotion, you might think its smartness, I see it as madness.
If they were strong enough, they would have played their game without having to manipulate, invest genuinely like every other genuine investor and stop crashing the system built unnecessarily.
Satoshi built this system strictly for payment purpose, it ought to have gained more recognition than it does now, but slow because of the actions of these whales who are scaring prospective investors in putting in money for payment or store value as they could get less value than what they budget for when it gets to the wallet.
If they were strong enough, they would have played their game without having to manipulate, invest genuinely like every other genuine investor and stop crashing the system built unnecessarily.
Satoshi built this system strictly for payment purpose, it ought to have gained more recognition than it does now, but slow because of the actions of these whales who are scaring prospective investors in putting in money for payment or store value as they could get less value than what they budget for when it gets to the wallet.
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