Bitcoin Whales Just Made 15% in 20 Hours, How About You?
Hi plebs and shrimps :)
In the last 24 hours we have been in a bull trap set by whales. They have created a false trend reversal and made 15% in less than a day.
Tradingview does not allow publishing charts below 1 hour, so i'm attaching a 1 minute chart and will explain how they did it minute by minute, read on.
s3.tradingview.com/snapshots/v/VYUeLBNl.png
So, your most reliable indicator just lost you money right? May be it's not that good, or may be it's exactly doing what it was supposed to do.
The thing about indicators is that they work perfectly. So perfect that it's vulnerable to imperfections created by humans. They just can't think, but you can.
Whales are using indicators against you by creating false alarms for any given indicator. The problem here is not the indicator, it's the whales and therofore stop playing with your indicators. They work fine.
The bull trap we have just been through started by heavy buying operation by the whales. They frontrun the market by making a u-turn just above the support line where most buy orders wait. So they also create a FOMO.
Whales continue buying until all the major indicators turn green and show buy signals. Some give early, some late. But almost all indicators turned green.
You would start thinking damn i bought the last dip, luck me while hitting over 2% gains.
This is the first mistake you made. In a bear trend, going long is risky and hoping for a moon is naive. You did not get our of this trade and it's time for whales to lock in their profit, selling to you and other FOMO buyers.
Whales locked in 5% with this first trade. And they kept selling until all indicators turned red. You see the indicators are working exactly as programmed, but they are being used against you now!
So, in the second trade they repeated the same scenario. Bought 3% below the price they sold. And continued buying until indicators turn green and rallied above 51k, making sure everyone that this was the fucking dip. The first victims are now in even more profits. Second comers think, they almost missed the boat, but hey they just caught it.
This time Whales bought 2% below their buying price and head over a third run to 51k again. But this is different, because timing of the 51k this time exactly matches the daily close! Making everyone think that Bitcoin has just closed above 51k on the daily timeframe. What many has missed that price has stayed at 51 k only for 15 minutes and this was a trap. Now everyone thinks (and prays) 51k to hold, but it's long gone now!
3 minutes after day close above 51k, whales have dumped all their stack down to buy back 3.58% below and made one last run up to 2.5% and exit the game.
By now, whales have locked in a handsome 15% ripping you off.
So, what can you do about it?
As i mentioned, your indicators are just fine, you are not. Here are the actions you should have taken:
0- Optimize your indicator on the 1 minute timeframe. I use Optimized Trend Tracker.
1- Set a stop loss on the long position. I use 0,25%. Hitting this stop loss will be the happiest moment of your trading when you see how it saved you from the upcoming drop.
2- Take profit on the long postion with trailing. I use 0,65% target with 0,13% trailing. Whales won't let you stay in profit. Take it and kick whales ass
3- Automate. I connect tradingiview alerts to 3commas DCA bot and automate my trades.
This way, you will frontrun the whales, who has frontrun you!
Goodbye mother fucking whales!
I hope this helps!
In the last 24 hours we have been in a bull trap set by whales. They have created a false trend reversal and made 15% in less than a day.
Tradingview does not allow publishing charts below 1 hour, so i'm attaching a 1 minute chart and will explain how they did it minute by minute, read on.
s3.tradingview.com/snapshots/v/VYUeLBNl.png
So, your most reliable indicator just lost you money right? May be it's not that good, or may be it's exactly doing what it was supposed to do.
The thing about indicators is that they work perfectly. So perfect that it's vulnerable to imperfections created by humans. They just can't think, but you can.
Whales are using indicators against you by creating false alarms for any given indicator. The problem here is not the indicator, it's the whales and therofore stop playing with your indicators. They work fine.
The bull trap we have just been through started by heavy buying operation by the whales. They frontrun the market by making a u-turn just above the support line where most buy orders wait. So they also create a FOMO.
Whales continue buying until all the major indicators turn green and show buy signals. Some give early, some late. But almost all indicators turned green.
You would start thinking damn i bought the last dip, luck me while hitting over 2% gains.
This is the first mistake you made. In a bear trend, going long is risky and hoping for a moon is naive. You did not get our of this trade and it's time for whales to lock in their profit, selling to you and other FOMO buyers.
Whales locked in 5% with this first trade. And they kept selling until all indicators turned red. You see the indicators are working exactly as programmed, but they are being used against you now!
So, in the second trade they repeated the same scenario. Bought 3% below the price they sold. And continued buying until indicators turn green and rallied above 51k, making sure everyone that this was the fucking dip. The first victims are now in even more profits. Second comers think, they almost missed the boat, but hey they just caught it.
This time Whales bought 2% below their buying price and head over a third run to 51k again. But this is different, because timing of the 51k this time exactly matches the daily close! Making everyone think that Bitcoin has just closed above 51k on the daily timeframe. What many has missed that price has stayed at 51 k only for 15 minutes and this was a trap. Now everyone thinks (and prays) 51k to hold, but it's long gone now!
3 minutes after day close above 51k, whales have dumped all their stack down to buy back 3.58% below and made one last run up to 2.5% and exit the game.
By now, whales have locked in a handsome 15% ripping you off.
So, what can you do about it?
As i mentioned, your indicators are just fine, you are not. Here are the actions you should have taken:
0- Optimize your indicator on the 1 minute timeframe. I use Optimized Trend Tracker.
1- Set a stop loss on the long position. I use 0,25%. Hitting this stop loss will be the happiest moment of your trading when you see how it saved you from the upcoming drop.
2- Take profit on the long postion with trailing. I use 0,65% target with 0,13% trailing. Whales won't let you stay in profit. Take it and kick whales ass
3- Automate. I connect tradingiview alerts to 3commas DCA bot and automate my trades.
This way, you will frontrun the whales, who has frontrun you!
Goodbye mother fucking whales!
I hope this helps!
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