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RE: Bitcoin CRASH - How to spot Whale signs and signs of a coming crash.

in #bitcoin7 years ago

Surely just by looking at a graph, you cant state with certainty if it is a whale buying or selling? Order books may have some holes in them, stop losses could be triggered or there can be genuine interest by a lot of investors buying or selling. There were plenty of media messages during these days you described which could account for a few of these spikes. My point is, you shouldn't be to quick to define something as a whale buying or selling as spikes can generally be caused by multiple factors you didn't describe here,

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Nobody is being quick about anything. I just gave guidelines. If you drop down to the 1 minute graph and there is a buy/sell order for 100,000 - 500,000 ... pretty good chance it is a whale.

Media releases tend to show up as staggered buys up and down as not everyone gets the media at the same time. Regardless of wether it was a media release or not, and is many users as opposed to a single, it still shows as a whale sign and you can treat it as such.

If you do your homework on that media release you can figure out how significant that release is work out if it will set a new baseline or if it will just retrace back down.

I mean I said all this in my article is kind of like you didn't read it.

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