Whales influence crypto investors to panic sell so they can buy cryptos at a discount by mintymile

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· @mintymile ·
$2.42
Whales influence crypto investors to panic sell so they can buy cryptos at a discount
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<p> </p>
<p><img src="https://cdn.publish0x.com/prod/fs/images/ee6349bee059c832bd1c7a204fa4080614a4f973f0c3ef0a32c26b2077c6afce.jpg" alt="crypto, price, btc"/></p>
<h2><br/>Freaked out when I noticed that BTC’s price fell below the 200 EMA</h2>
<p> </p>
<p>The recent deep BTC price correction scared me, when I saw that the price of BTC had gone below the 200 EMA price level. I thought how come when the bull market is on, the price of BTC falls below the 200 EMA? Now, should I sell off my BTC holdings? .</p>
<p><img src="https://cdn.publish0x.com/prod/fs/images/e882d96a4881b63ca1799aae84b5af6139d79d1a8e2f3323a1820f2004553a13.png" alt="crypto, price, btc, TA"/></p>
<p><em>Taken from https://www.tradingview.com/</em><br/>Notice price managed to stabilise after it falls just below 200 EMA price range which is serving as resistance now</p>
<h3><br/> BTC’s price has stabilised</h3>
<p> </p>
<p>I expected an immediate re-bound, but na, price is still below 200 EMA(Exponential Moving Average). However, selling has stopped, with heavy buying having taken place at the 30.600$ dollar range. <br/><br/>Therefore, a slow pick up in price may be happening now, with downside volatility looking to have ended and price stabilising now with green candles showing up in the BTC 1 Day chart.<br/><br/>Then I understood what could have happened which I will explain in detail in another article.</p>
<h2><br/><br/><br/> Involvement of whale traders in bringing BTC’s price below key psychological support levels</h2>
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<p> </p>
<p><br/><br/>This means that price manipulation has happened, this is because whale investors know how we investors generally trade. These investors are large institutional traders, they know that if they sell off BTC to take it down below the 200 EMA range most of us investors will sell off because we assume that if the price does not find support at the 200 EMA, it’s a bear market scenario where bitcoin would crash. Well, it definitely made me very frightened too that the BTC price had gone below 200 EMA .<br/><br/>This time BTC’s price was made to go slightly below the 200 EMA range so that weak hands would sell off their holdings and these whale investors could purchase BTC at cheap discounted rates. <br/><br/>You can learn more on this from the Coin Bureau video, where Guy explains this beautifully - https://youtu.be/ltcnTTeDFjY<br/><br/><em><strong>BTC is still in a bull run and this is just a deep correction.</strong></em></p>
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<h2> Let’s look at price drops of other large cap cryptos</h2>
<p> </p>
<p>An interesting point to note is that major Alt coins like ETH and BNB managed to hold on to the 200 EMA support level, however LTC fell down to price levels just below 200 EMA range and has stabilised there, just like BTC has.</p>
<p><img src="https://cdn.publish0x.com/prod/fs/images/72a812dcf1af6dae1d3bc38b4e9f8fa6ec54b7f726ace5d94249ec22db62b382.png" alt="ethereum, eth, crypto, price"/></p>
<p><em>Taken from https://www.tradingview.com/</em><br/><em>ETH price finds support at 200 EMA because buying prevented the price from falling below this level</em></p>
<p><img src="https://cdn.publish0x.com/prod/fs/images/422284e5974ebd97b06e8145f1dff13b1ae354cae7ec0c1d183998a3fe07acec.png" alt="bnb, crypto, price, technical analysis"/></p>
<p><em>Taken from https://www.tradingview.com/</em><br/><em>BNB price finds support at 200 EMA because buying prevented the price from falling below this level</em></p>
<p><img src="https://cdn.publish0x.com/prod/fs/images/3a3b350ce11d64ca2871cfcf7c6647e6d75cf7f16c5dc2d8a4585c53a9365495.png" alt="litecoin, ltc price, crypto, altcoin, technical analysis"/></p>
<p><em>Taken from https://www.tradingview.com/</em><br/><em>Selling happened in a way that ensured that LTC&#x27;s price went just below the 200 EMA and found stability</em></p>
<p>This may also indicate that whale investors bought down LTC prices to below 200 EMA levels to scare investors and have them sell off their LTC holdings so that these big whales can buy up LTC at discounted prices.<br/><br/>One can check <a href="https://www.lookintobitcoin.com/">https://www.lookintobitcoin.com/</a> and see other indicators which show Bitcoin’s position in the market evaluating the data science of Bitcoin. For instance, checkout the stock to flow data of Bitcoin and right now that indicates that BTC is still undervalued in price.</p>
<p><img src="https://cdn.publish0x.com/prod/fs/images/3c0b20c522bd2ff7ad2cf0d43a7387082f0ab0d27df6b996cffd52250d38a87d.png" alt="bitcoin, cryptocurrency"/></p>
<p>https://www.lookintobitcoin.com/charts/stock-to-flow-model/</p>
<p><br/><br/>The stock to flow ratio is below the mean line currently(top section of the chart) and the price of BTC is undervalued as can be seen in the price variance chart (bottom section of the chart) with the price of BTC below value for its Stock to flow ratio position.<br/><br/>Please learn about these data science models and study them, they can be very useful for you to know if BTC is out of its bull run.</p>
<p>You know where to where to go to check out BTC&#x27;s data science models -<a href="https://www.lookintobitcoin.com/"> https://www.lookintobitcoin.com/</a><br/><br/><br/>Don’t forget to understand more indepthly on how whales manipulated and brought BTC’s price down by watching <a href="https://youtu.be/ltcnTTeDFjY">Coin Bureau’s video here</a> <br/><br/>Thank you, please upvote my post if you liked it.</p>
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@dammyone ·
Of a truth, 
> BTC is still in a bull run and this is just a deep correction.
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@mintymile ·
That's correct(:
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@hardaeborla ·
Lol.... The crypto market space seems to be funny at times most especially when the investors coming into the game are extremely novice and this makes them want to panic sell without considering their losses.

Thanks for sharing this great post with love from @hardaeborla and I hope you have a great day ahead ❤️💕❤️
👍  ,
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@mintymile ·
Thanks for sharing your views, yes panic selling has been happening, not just novice investors but people who been trading crypto with TA in mind mind too!!
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@sandracarrascal ·
Panicking is the worst mistake a person can make when buying a cryptocurrency and selling it below the price at which they bought it.

Greetings and thanks for sharing this cryptographic analysis.
👍  
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@mintymile ·
Its psychology. we can't bear to lose out you know, but then these things happen we need to be aware and trade smartly. 

This time we are in a bull run and yet, people panicked and sold off so the whales can buy at the buys...sad.
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@lupafilotaxia ·
Hello @mintymile

I am fully convinced of this that you mention "Whales influence crypto investors to panic and buy cryptocurrencies at a discount", this that you express is currently developing in the crypto market, too bad that users mostly get carried away, action that makes them lose substantial sums of accumulated resources.

Best regards, be well.
👍  
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@mintymile ·
True. Thanks for visiting and commenting, I miss the earlier engagement we used to have in HIVE, but glad some engagement is happening in steemit.
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