Analysis of Current Sell off:
November 25th 2018
I won’t get into the details of where is the bottom or which coins looks good to buy etc.
Let’s focus on analysing the sell off. It’s clear whales don’t want to actually SELL or dump their coins. Yes it doesn’t look like they are actually interested in dumping their coins at these levels
The design and pattern of this sell off clearly suggests carpet bombing theory in the war zone to create a shock & awe effect on the enemy.
There are clearly 6 types of players in this market
- Amateur Retail Traders
- Pro Traders
- Institutional Whales
- Individual Whales
- Exchange operators
- Coin Promoters
The current sell off is clearly intended towards cleansing the market & reducing the number of coins by forcing most of the smaller coins out of the market.
The pattern also suggests that institutional & individual whales are interested in acquiring majority of the tokens / coins from good quality coin promoters/ICO companies (who failed to raise money & are sitting on their coins)
The whole shock & awe operation is meant to create absolute panic in the market to make the coin promoters who are seating on billions of coins to make them sell for peanuts
In conclusion
Institutional players are notorious to negotiate penny on the dollar and bargain basement prices before they agree to buy anything from coin promoters. This looks more like a game between new breed of whales who wants to enter the market & Management of coin companies who are seating on billions of coins
Retail investors were used as a dumping ground for the whole of 2018, but they don’t seem to have a big appetite for any large scale cash infusion anytime soon & therefore the next game will be played purely between large institutional whales (If at all they get their deals at their price)
Current sell off clearly shows, they don’t intend to actually sell. The volumes are low and there is hardly any buying even at current levels.
The pattern suggests the shock & awe effect to scare the shit out of those who didn’t agree to sell their billions of tokens for penny on the dollar price. Most of the deal making must be happening behind the scene at the moment.
The whales will need billions of coins for almost free before they are incentivized enough to operate the markets again.
This market is clearly in the hands of few operators who can easily take the price to any levels, when they want, how they want.
Bitcoin rose from 900$ to 20000$ & back to 3400 & pumped to 3900. It will dump again one more time to retest the lows.
If you are a retail player, you need to learn how whales play this game & add that as a tool to analyze this market.
