Steemit Crypto Academy Season 3 Week 1 | Whales - The Driver Of Cryptocurrency Value by @g0h4mroot for the proffesor @wahyunahrul.

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INTRODUCCTION

Greetings to the steemit family, in this new season that begins I want to send a big hug to the entire community, especially to teacher @wahyunahrul, this season I will try to give the best of myself, I hope that my task is to the liking of the teacher and of the community in general.

In this task we will talk about whales and how to detect them through the study of graphics, how to use their cycle to act and take advantage of this cycle.

1). Based on what you have learned from this class, explain why small investors fear whales so much.

the whales in cryptocurrencies, is the definition given to those investors who have a large number of currencies in their possession, this gives them an advantage when operating in the market.

Whales can move around the market at will, this makes small investors fear. Small investors fear for several factors, the most common and one of the best known is the FOMO, the FOMO is the fear of losing everything.

The FOMO is present in many aspects of life and obviously in the world of cryptocurrencies and investments. A small investor when looking at the movements of a cryptocurrency and studying them realizes the great influence that whales have, this makes us think about our investment. Many times the investor or fish as they call it in the world of cryptocurrencies, risks all their capital, betting on one or more currencies, while the whale has a large capital to operate.

every time a whale opera, the fish fear because it is not known for sure in which direction the market will go, although there are methods to detect a possible movement and change in trend, the fish will always operate in fear of being eaten by the whales.

2). Can we take advantage of the existence of the dreaded whale?

If you can take advantage of the existence of whales, if we detect the buying cycle of a whale, the right thing to do is prepare to act, so when the whale operates and makes its sale we can copy that action and sell anyway.

1. We can also protect ourselves from whales by determining the amount of loss we are willing to take.

2. leaving behind the Fomo.

3. making several investments in different currencies, because it is more dangerous to invest in a single currency, this will protect a large part of our investment.

4. Studying the charts a lot is one of the best strategies to minimize losses.

3). Find an example of a whale's cycle on a cryptocurrency chart and do a detailed analysis of the phases on the cryptocurrency chart (don't take cryptocurrencies that are ranked in the top 10 as examples). (Screenshot required)

For this task I will use the BTG. for a 4-hour chart on the BTG / USDT pair.

In the first phase of the cycle, an accumulation is observed, this indicates a constant purchase by the whales, who are making small purchases slowly to be able to buy as many coins as possible without being detected.

these purchases have no volume. in this phase it is observed how the whales make a large purchase, this large purchase causes the price to rise considerably creating an upward trend, at this time is that most investors begin to buy, this is the technique of the whales to attract other investors, and thus be able to obtain their profits as determined above.

In this phase called distribution, the whales begin to sell little by little, maximizing their profits, in this phase many investors refuse to follow the whale's maneuver trying to continue buying but it is too late because the whales are waiting to complete their play teacher.

In this last phase it begins with the last sale of coins by the whales, this sale finally manages to give the expected profits, to start a downtrend, completing the cycle.

4). If you are a 'whale', what cryptocurrency would you choose to invest or trade (except those in the top 10), please explain why you chose that cryptocurrency.

for this task I will choose the KLAY token.

I have chosen the KLAY token, because it is a relatively new token, although the project has been around since June 2019, after having read its white paper and reviewed the entire project, I decided to invest in it.

This token was ready 5 days ago in binance, this makes this token attractive to other whales and dolphins, which can probably guarantee good results in the short term.

KLAY has made an alliance with BINANCE, to launch the LAUNCHPOOL of KLAY, motivating people to invest in staking and in cryptocurrency farming, obtaining in exchange KLAY tokens, the launch pool will be in force for 14 days, this will attract small, medium and large investors.

I Use a 4-step method of investing penny coins.

there are 4 points to follow.

1. the coin must be among the first 50 positions of the coin market cap.

2. must have a volume greater than 5 million in the last 24 hours.

3. You must have a market capitalization of at least 20 million in the last 24 hours.

4. must have a presence in the best exchanges in the market. complying with these points my currency, I proceed to invest in it !.

5). Do some kind of analysis like a whale with the phases I explained above on the chart of your chosen cryptocurrency, show where you will start buying the cryptocurrency and explain how you will make a profit. (Screenshot required)

As I explained previously, the KLAY cryptocurrency is relatively new, this means that the graph is very short.

I will enter the market at this time, I will start buying little by little, this will make the value of the coin lateralize so that the volume of the coin is not so visible, and you can collect as many coins as possible with respect to me capital.

After having bought as many coins as possible, I will leave a part of my capital destined for a large purchase, this large purchase will be my final purchase, with this purchase I will make the price rise significantly during a short period of time, which will generate an upward trend in order to attract other investors and be able to obtain the desired profits.

In the next phase that will be my distribution phase, in this phase I will sell all my coins little by little, to make sure I can sell them all, in this phase I must be careful so that other investors do not realize my strategy, and be able to get my previously stipulated earnings.

After the distribution phase, which is the phase in which I have already sold most of my capital, I make a large final sale with the remaining coins, this causes a downtrend to be generated, this downtrend ends the cycle of buying a whale including the 4 phases.

CONCLUSION

In this class we learned about whales, how to detect the buying cycle by studying graphics.

We identify how the whale buying cycle begins through the 4 phases that are: ACCUMULATION, UPPER TREND, DISTRIBUTION AND DOWN TREND.

The first phase, the ACCUMULATION phase, is the most difficult to determine since it is usually confused, this phase is known because the market begins to lateralize in this phase the whales begin their purchase, in the second phase a large purchase is made so that the price increases significantly, this phase is known as a UPTREND.

in the DISTRIBUTION the tokens are sold little by little, to ensure all the profits.

To initiate the DOWNTREND, a last big sell is generated which causes the price to drop dramatically.

We learned some tips to take care of the whales, and protect our heritage.

The cryptocurrency BTG was chosen as an example to demonstrate the movements of a whale.

We bet on the KLAY cryptocurrency, to invest as a whale would, following 4 important points to invest in low-value cryptocurrencies or penny cryptocurrencies.

In this way, we have complied with all the items required by the professor of the cryptoacademia in this first week.