Are whales hunting for stop triggers right now

[raging-creeper]

It's all a game of manipulation.  Once you realize this is not a free market and also realize there is probably not a free market anywhere on planet earth this game is much easier to figure out.  They are manipulating the market down so they can scare you and accumulate cheap coins.  When they have their fill they will launch this thing up again and crash it once they have sold at the high. 

[mostkey]

I assume that the original reason for the recent dump was withdrawal of some Silk Road coins (see more here for example). Unfortunately, there is still a lot of coins in Silk Road addresses waiting to be converted ..

I read that someone sold 10K bitcoins yesterday which made the dump in the crypto market but don't know which is the real one but the market has fallen now so we need to wait for the prices to bump since it is just the whales action so if they found make any reaction then they will bump it again.

yeah i heard too. But i don't know about the truth of news. We can check on coinmarketcap but i need more info. Our wallets are not safe. Hacker hack my friend's wallet yesterday. But my friend send all important coins to his main wallet. Hacker only steal small coins.

If you are using a wallet which has the private keys access then you can keep you wallets safe from the hackers,if you are altcoin holder keep the coins in a hardware wallet or at least in MEW with metamask and keep the private keys in an offline device and never ever share the private keys to anyone.

So be a little careful and always pay attention to the security of your wallet, there are also many recent cases that have been hacked without knowing what the cause is, maybe entering the pishing site or being too open in using public facilities by opening useless and unimportant sites, the most Of course, safe is a hardware wallet or as many as possible to store the key in offline memory so that it cannot be accessed by hackers.

[exstasie]

If someone is selling as much as that and the market took a huge dump, then I do not see the reason why we should be complaining or whining about it. It is a normal thing for anyone to sell in a market, and for what it is, this is an unregulated market and a very new one and immature one for that market which is growing and developing by the day. This shows that the level of demand is still lower than the level of supply and we just have to deal with it and stop blaming any whale for what the market is like.

Glad to see someone approaching this rationally, rather than blaming everything on Goldman Sachs or mysterious "manipulators" and "whales." Strong supply + weak demand = lower price. That's all there is to it. It's impossible to know why some people decided to sell, so there isn't much point debating it.

It’s a supply unloading

As traders you should not be speculating about what the intention behind the movement is.

What they should do is observe the facts and follow them.

I gave a market order of 1000 dollars and I dropped the price by more than 300 dollars on Bittrex. It is clear to me that the demand is fragile at the moment, first by the inconsistency of orders and size of the lots in the books and tapes in several brokerages, graphically we see a consistent but decreasing volume just before the crash.

the market is fragile relying solely on speculation on ETFs.

At the level of existence, it seems to me that bitcoi got mesmerized with the financial market and forgot his purpose.

we need a shakeout

and we will have one

There's no doubt that the market is fragile. Holders still seem really hopeful, clinging to ETF news and hoping that Wall Street institutions will come and pump up the market, saving their underwater positions. So I'm inclined to agree with your general analysis.

Still, the chart reminds me of the sideways bottom we had in 2015. So I'm trying not to be too narrow-minded here.

[coinluisa]

It looks like the whales pumped up the market earlier last week then dumped with a fake news

Well what's the new to this whales they always manipulate the market if they want. But for me I don't  fall for their trap or doings manipulation in market. Hold and wait a great price to make a profit.

[vit05]

Although it often seems that the market is completely controlled by whales, the truth is that it is controlled by fear and misinformation. We are still in a market where the price can reach close to zero if any prohibition occurs. What is important to reduce this is to increase commercial use and liquidity. We need to stop looking at charts, we need to look at the supermarket shelves with their prices on BTC.

[ajiejot]

Exactly! Whales are gonna make money always, all weak hands will suffer specially those shorters. It is really to trade this situation. Really really dangerous. Stop loss always.

[boy130]

It's all a game of manipulation.  Once you realize this is not a free market and also realize there is probably not a free market anywhere on planet earth this game is much easier to figure out.  They are manipulating the market down so they can scare you and accumulate cheap coins.  When they have their fill they will launch this thing up again and crash it once they have sold at the high. 

To be fair it does seem like a market manipulation as I feel there wasn't a real reason why the market started dropping this time around if it wasn't to do with the whales causing it.

[xvacator]

Exactly! Whales are gonna make money always, all weak hands will suffer specially those shorters. It is really to trade this situation. Really really dangerous. Stop loss always.

so it is better we follow what the whales did and we can try to make money with them. I think not all whales make panic situations and I think there are the whales that still not making an action and only watching the market. and if somehow, they can see that the market reach the bottom then they will make an action to lift the price so the market can recover again.

[herurist]

It looks like the whales pumped up the market earlier last week then dumped with a fake news

I think many people already stop all action in crypto market, they still patience to wait until market get better price than this time. News like garbage right now, we not see it as indicator or sign to enter market, our faith this is still down trend more bigger than our patience. Keep hold but when reach your stop loss please do it and leave the market for good.

[Spain2000]

Yes it is true that whales are stopping that triggers which hunt the price of bitcoin and crypto it is now very bad for the market because after a long time the price is not recovering and again it fall from $7000 to $6250.

[ncn1992vn]

I don't think so.
Not only can a whale and whales with whales fight together very often and hard to guess.
The small private home just follow the market and follow them

[ballerin and giroud]

It looks like the whales pumped up the market earlier last week then dumped with a fake news

This condition always makes me confused, there is no news that is too fital to make the market go down drastically and don't see a lot of fake news made by the FUD. But yeah this is crypto currency, a market that is very difficult to guess and predict. And also about whales, some people always blame them when prices decline drastically but they never include evidence that this really happened.

[Fredomago]

Exactly! Whales are gonna make money always, all weak hands will suffer specially those shorters. It is really to trade this situation. Really really dangerous. Stop loss always.

Risky but if you learned how to play with the whales and ride with them, for sure you will benefits a lot, traders who do some shorting right now
are taking the risk knowing that any moment whales can pumped it up or dumped it all the way, if you love to take some chances then make sure
that you are willing to take everything, both skills and luck is in need when you are trying to trace the whale movements.

[crea8ivemoiz]

Whales time to time come and take profits and goes back, they how tackle us, at the mean times some time we took profits and losses too.

[aencarnaci]

Although it often seems that the market is completely controlled by whales, the truth is that it is controlled by fear and misinformation. We are still in a market where the price can reach close to zero if any prohibition occurs. What is important to reduce this is to increase commercial use and liquidity. We need to stop looking at charts, we need to look at the supermarket shelves with their prices on BTC.

Increasing commercial use and liquidity is always one step to go but the truth is we are not even close to being there yet unless we get to start seeing people's mentality changing and because of that the market has become so much speculative, that whales tend to have an upper hand taking advantage of that.

I would as well if I am a whale; it is just a way of making profit, so I do not blame them. Those who it tends to affect are those who make the wrong decisions because of these manipulations as investors.

It is one thing to say we need to stop looking at the charts though, but one thing we cannot take out of the market is traders, and that simply reflects on real life usage and demand as well.

[el kaka22]

It's all a game of manipulation.  Once you realize this is not a free market and also realize there is probably not a free market anywhere on planet earth this game is much easier to figure out.  They are manipulating the market down so they can scare you and accumulate cheap coins.  When they have their fill they will launch this thing up again and crash it once they have sold at the high. 

This is one thing a lot of people are not coming to terms with and they feel it is just all something that has to do with only the crypto space. Every market is manipulated, and it is just the level of manipulation that is absolutely different.

There will always be some people who would end up having an upper hand in the market which is why a lot of people who say money will circulate, and spread equally are simply just deceiving themselves, because whether we like it or not, the rich will keep getting richer, the smart ones will be taking advantage of it, and the dumb ones will keep getting poorer by feeding the rich ones. As simple as that!

[Edraket31]

Whales time to time come and take profits and goes back, they how tackle us, at the mean times some time we took profits and losses too.

Yes for sure that they are just waiting for the right time to buy back again, let us wait for the right time and right now the very least thing that we will do right now is to hodl whatever we have right now so that it will not cause panic market in it, for sure whales has plan for the market to rise again.

[Cryptokarl]

This market is a baby market and the market is pronned to manipulation. The whales usually manipulate the cryptocurrency market and this is very common with this industry

[rocketbits]

It looks like the whales pumped up the market earlier last week then dumped with a fake news

Maybe they did, cause the price just increased and surprisingly it went down again. So it’s possible that the whales might have pumped and dumped within few days of pumping it. I’ve always known that any pump that occurs now will always fall, what I’m waiting for is for the end of this year to reach. That’s why I’m planning now at the rate of $6000, but I’m just waiting to see how things are going to be for now.

[qiman]

The Whales move the market, that is why they are whales and they will dictate even the news what is to be fed to all the small fish from the Mass media so they can go straight into the whale's mouth and be eaten. Just as you think a dump is going to happen, they will rally, just as you think a rally is due and the market is bullish, they will dump. Whales they first confuse their prey before they eat it. My wife is studying how whales work and as they are in the ocean, is how they behave in real life.