Straight falls in Bitcoin causing problems in normal analysis

15 thg 3, 2018

Hey guys whats up ! Hope you keep following me on fb and are in good profits ! First of all yes all btc/usdt traders would be very happy with things going on nowadays ! Guys see its all bcz of mt gox or other incidents like binance hacking that happened we got straight falls ! Being bearish is lil different from straight falls ! When u notice things in different time frames you understand that. Let me explain you : Suppose the company MT GOX got orders from court to sell 36000 bitcoin in a given period of time and submit the profits made by them to the court ( which is to be paid to creditors or customers of that company) ! Now MT GOX wants to sell all of a sudden say 6000 bitcoins . There are different selling or buying orders at different prices . I mean say the current price is 10000 usd and at 9999 usd there is buying order of 2 bitcoins , at 9998 there is buying order of 1 bitcoin ( the exchange he is using say binance or any other) and so on ! But he has to sell 6000 bitcoins all of a sudden ! He checks that the total buying orders from 9000 usd to 10000 usd range all combined makes 6000 ! And so he places a sell order of 6000 bitcoins at a price of 9000 usd which will lead to a straight fall as all those orders will get completed all of a sudden !
Note that had he done things with patience as whales do he would be in profit ! Here he just wanted money all of a sudden ! So basically when a huge whale sells its bitcoins to collect money and is ready to sell at any price it leads to straight falls ( some make softwares which will just try to buy at market prices ... i mean software will take buying from 10000 usd to 9000 usd .. covering all the buy orders that where there). In such cases often TA can go wrong ! The elliot shape that was predicted by you may get lil strange than was expected ! I updated this on fb the same day binance hack and mt gox matter came to light ! Plz note : whenever there is a sudden fall go to less timeframes and check what exactly happened and you will understand that some whale just sold at simply ANY amount they could ! Straight falls are not part of our common TA and they rather ruin it down ! As i already mentioned earlier also we will see many bull and bear traps ! no need to worry ! trade with patience ! Keep following my fb updates if you want to make profits ...
Whales work for profits guys but straight buys and straight sells are not market strategies ( which whales are known for). And unlike regular markets in crypto markets there are no regulations for such things !
Personal advice : Trade in coins where real money invested is a lot high ( i mean not just market cap) say EVN .. trade EVN/BTC in such conditions : you will get lot profits ! I m sick nowadays and not able to update everything here but keeps updating on fb guys ! Hope most of you keep checking my posts there :) . Let things be fine ones then will update TA here :) . Also go through this post on mine in case you missed it : facebook.com/sunnynehra1/posts/895607910618237