Cryptoacademy Season 3 beginners course week 1 - Whale the Driver of Cryptocurency Value by Professor @wahyunahrul

Hello steemians, Thank you professor @wahyunahrul for the wonderful lecture ,as a beginner I have really learn alot about whales

BASED ON THE UNDERSTANDING THAT YOU HAVE GAINED FROM THIS CLASS, EXPLAIN WHY WHALES ARE SO FEARED BY SMALL INVESTORS

To my understanding,whales firstly can be defined as a group of individuals or people that make great decision when it comes to the Cryptocurency Market,they are people that have also invested so much into the Cryptocurency such as "The Winklevoss Twin" that have invested 11 million dollars, Matthew Roszak that have invested 1.2 billion dollars and have alot of Cryptocurency worth like Tim Drawer (42,000btc)etc and this set of individuals are very influencial and powerful enough to influence the price of Cryptocurency by increasing the price (Bullish) and they can also cause a decrease in the prices (bearish) and by this the small investors will be afraid of the whales because the are the market and price controller meaning their survival in the Cryptocurency world depend on how the whales manipulate the price in the market since the whale will do the manipulation in their favour to avoid the risk of loosing out.

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WILL,YOU BE ABLE TO TAKE ADVANTAGE OF THE EXISTENCE OF THE WHALE THAT IS SO FEARED?

As an investor for me to be able to take advantage I have

• To know about the coin I want to buy not buying a coin because have seen my Friends or family members buy it,but I have to know more and not put all my eggs in one basket by buying one particular coin because it is very risky I have to purchase other coin to reduce The risks of loosing everything

• I will also take advantage by knowing how to predict when the whale will starts to move and by this we have to take some steps to avoid trap being by the whale .and we must learn how to analyze the movement of the whale in Cryptocurency chart and this will help in protection of risks,we must also learn how to be satisfied with the set and targeted profit the investor set and not be greedy to get bigger profit.

• Media handle: This is another way of taking advantage of the whale by following them on their media and also listening to news to know what is happening with the whale and how the are surviving

FIND AN EXAMPLE OF A WHALE CYCLE ON A CRYPTOCURENCY CHART AND DO DETAILED ANALYSIS OF THE PHASES IN THE CRYPTOCURENCY CHART (DON'T TAKE THE CRYPTOCURRENCIES THAT ARE RANKED IN THE TOP 10 AS EXAMPLES)
(SCREENSHOT REQUIRED)

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KUSAMA COIN

I will make use of kusama (KSM) in analyzing whale market cycle,it is ranked number
48 according to the coinmarketcap ranking,it is a blockchain that is being built for certain change agents to be able to take back control and also help in sparking innovation,the KSM coin is a Cryptocurency Coin that exist on a special blockchain which is being built using the same codebase as polkadot.it is a scalable coin

Source: picsart

From the chart above
Some important whales cycle phase

1. ACCUMULATION PHASE

I represent this phase using the rectangular shape,the accumulation phase is where the whale rarely buy and sell Cryptocurency coin,here Market is always neutral and there is less of buying and selling of coin by the whale and waiting for a favourable moment to buy.

DISTRIBUTION PHASE

I represents this stage using kite shape,it is at this stage the whale start releasing the coin the kept by this it is when the whale start marketing or trading with the coin and start making the target profit from trading

3. UPTREND PHASE

I represented the uptrend Phase using the circle shape at this point the whale put in enough capital that is more funds,the whale also buy a particular coin here in large quantities,here we witness more green color than the red color and this is where we hear about "Bullish" and where the coin value increase rapidly.

4. DOWNTREND PHASE

I represent this phase using a triangular shape
In this phase the whale start taking back it profit,it is here we will hear of "bearish" and the chart will show a downward movement in a short period of time.here the whale also start selling almost all it Cryptocurrency Coin.

IF YOU ARE A "WHALE", WHAT CRYPTOCURENCY WOULD YOU CHOOSE TO INVEST OR TRADE ( EXCEPT THOSE THAT ARE IN THE TOP 10), EXPLAIN WHY YOU CHOOSE THAT CRYPTOCURENCY

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LITECOIN

If I was to be a whale I will love to invest in LITECOIN and hold the coin at higher rate because of it high market value and this coin will help in adding value to the community
The litecoin is ranked number 13 in the coinmarketcap and it was launch in late 2011 by former goggle and Coinbase engineer Charlie Lee,the litecoin is very powerful,
I love Litecoin because it is a peer to peer Cryptocurency,it also use a faster payment confirmation schedule and it is sometimes mistaken to be Bitcoin and it is one of the valuable coins

• DO A KIND OF ANALYSIS AS A WHALE WITH THE PHRASES THAT I EXPLAINED EARLIER ON THE CHART OF YOUR CHOSEN CRYPTOCURENCY,AND EXPLAIN HOW YOU WILL TAKE PROFIT.(SCREENSHOT REQUIRED)

The above chart is a chart of LTC/USDT the first box is the accumulation phase ,it is in this phase that I will starts trading of litecoin but not In large quantity.accumulation phase the line of cryptocurrency is tending to be flat
It is in the distribution phase represented by kite shape that I will start selling my litecoin and it is also refer to as "Bullish"it is in this period that I will start making my target profit.

The best part to buy and sell the coin in small volume is the accumulation Phase
The best part to start selling coin is time to start making profit is distribution phase and you don't have to be greedy

pictures are copyright free image and screenshot from my phone and coinmarketcap.

CONCLUSION

Investors of Cryptocurency face alot in the market due to the fact that the market is being controlled by the people that are influencial and powerful known as "Whale" but in order to take advantage of that the Investors can do alot of things such as Following up the whale through social media,not buying a coin due to friends influence,the Investors should also have knowledge about technical analysis and should be ready to face the risk and when the whale start buying coin in large quantities which is the uptrend phase
The Investors should make good use of the accumulation Phase where he or she can sell the coin as whale in a particular volume and make target profit in the distribution phase and the Investors should also know about downtrend where the will be enough red and this period is also call bearish period