🔥Hey guys! Wishing well a always. Gonna give you guys a quick TA on everything here. Basically Bitcoin keeps getting tossed around by the whales having a go at it. All of this is absolutely wild to see but perhaps one of the most wild things we've seen so far has been the absolute green wick which formed after that tug a war Bitcoin was dealing with this morning at $23,700.
🔥Had that whale not come in and entered that huge buy order we likely would have started a mountain fall thanks to how the EMA's we're looking, not to mention the fact that we we're about to lose the 200 EMA on the 15 minute time frame. Like I say some of these whales seriously want us to continue while some simply want to dump on us. Nonetheless for a whale to be able to do that they've got some serious buying power so at least we know we've got a big whale here with us.
🔥My best guess right now is that they are trying to pull us back up to that $24,242 mark which is so crucial as I've already pointed out, should we come up to that and face strong resistance we would form a double top and well, that's just about the worst thing we can see form so I need you guys to be wary of that and watch out should it form. But even with that in mind it's nice to see some real strength on our side though as I always say, it's these same whales that buy that most often will sell a bit later for the simple matter of the fact that they make an absolute killing each trade so it's no surprise to see them play their hands a few cards with us.
🔥So should we not be able to break through that $24,242 mark, especially after this huge green wick, we could likely see things retrace which would honestly be pretty healthy since we can't just go up and up and up without some form of retracement at least. Though how big that retracement or fall would be would ultimately depend on how we lose our EMA's and mainly our 200. You've already seen the previous mountain and just like I said with that one, there's gonna be another half of this mountain, now whether or not it'll start now or later will be up to when whales decide to sell before buying back in.
🔥Either way though it's nice to see crypto gain this much momentum this quick as it seems our forest are quickly warming up and melting the ice in the process foreshadowing that sooner than later, we may just be out of this crypto winter that we've been dealing with for so long. Should we fall back down again, and hard, then that would be my buying point for the long run as some of these lows, we may never see again as shocking as it may sound. Especially as more and more institutional flow enters and retail investor sentiment returns.
🔥Also check this out below regarding the candle. They are already dumping on it hard.
🔥The battle of the whales is real and it's blatantly clear to see. But damn, it always surprises me to watch just how quick they can sell and with a move like this we could potentially be looking at our double top RIGHT now. I personally hope that's not the case but then again we have basically been shot up to the sky at this point, and one time or another we're gonna get pulled down. So let's see how the tides turn. Also watch that $23,000 mark I've got! That's very important to see whether or not we hold or lose support!
Thank you guys for tuning in and if you'd like to leave a like or follow it'd be much appreciated. Thank you!
~ Rock '
🔥Had that whale not come in and entered that huge buy order we likely would have started a mountain fall thanks to how the EMA's we're looking, not to mention the fact that we we're about to lose the 200 EMA on the 15 minute time frame. Like I say some of these whales seriously want us to continue while some simply want to dump on us. Nonetheless for a whale to be able to do that they've got some serious buying power so at least we know we've got a big whale here with us.
🔥My best guess right now is that they are trying to pull us back up to that $24,242 mark which is so crucial as I've already pointed out, should we come up to that and face strong resistance we would form a double top and well, that's just about the worst thing we can see form so I need you guys to be wary of that and watch out should it form. But even with that in mind it's nice to see some real strength on our side though as I always say, it's these same whales that buy that most often will sell a bit later for the simple matter of the fact that they make an absolute killing each trade so it's no surprise to see them play their hands a few cards with us.
🔥So should we not be able to break through that $24,242 mark, especially after this huge green wick, we could likely see things retrace which would honestly be pretty healthy since we can't just go up and up and up without some form of retracement at least. Though how big that retracement or fall would be would ultimately depend on how we lose our EMA's and mainly our 200. You've already seen the previous mountain and just like I said with that one, there's gonna be another half of this mountain, now whether or not it'll start now or later will be up to when whales decide to sell before buying back in.
🔥Either way though it's nice to see crypto gain this much momentum this quick as it seems our forest are quickly warming up and melting the ice in the process foreshadowing that sooner than later, we may just be out of this crypto winter that we've been dealing with for so long. Should we fall back down again, and hard, then that would be my buying point for the long run as some of these lows, we may never see again as shocking as it may sound. Especially as more and more institutional flow enters and retail investor sentiment returns.
🔥Also check this out below regarding the candle. They are already dumping on it hard.
🔥The battle of the whales is real and it's blatantly clear to see. But damn, it always surprises me to watch just how quick they can sell and with a move like this we could potentially be looking at our double top RIGHT now. I personally hope that's not the case but then again we have basically been shot up to the sky at this point, and one time or another we're gonna get pulled down. So let's see how the tides turn. Also watch that $23,000 mark I've got! That's very important to see whether or not we hold or lose support!
Thank you guys for tuning in and if you'd like to leave a like or follow it'd be much appreciated. Thank you!
~ Rock '
