Accumulation & Distribution (Part 2- There they are)
Hello friend,
What do you think of when you hear the phrase "Bitcoin Whales"?
Who Are Bitcoin Whales?
1- Institutions: money centre banks, hedge funds, Grayscale, Tesla ...
2- Exchanges: (6.7% of Bitcoin in circulation was held on exchange wallets),
3- Individuals: Elon Musk (also a Dogecoin Whale),..
4- Satoshi Nakamoto: first 1.8 million or so BTC first created, have never been spent.
How Do They Trade?
Let's start with the buy range, also known as the Demand zone.
Demand Zone:
1- When they are buying, they put their whole order (into the market) at once (strong price move- Pump)
2- They buy increments within a specified price range (Accumulation). (because the buying pressure would send the price sharply higher)
Supply Zone:
3- When they are selling their position, they put their whole order (into the market) at once (strong price move- Dump)
4- They sell over a period of time (Distribution).
Market Saturation :
Where selling and buying are out of balance (after Accumulation or Distribution)
5- Accumulation Zone- price goes up
6- Distribution Zone- price goes down
See attached Idea (Part 1).
reference:
twitter.com/the...618606649548800?s=20
What do you think of when you hear the phrase "Bitcoin Whales"?
Who Are Bitcoin Whales?
1- Institutions: money centre banks, hedge funds, Grayscale, Tesla ...
2- Exchanges: (6.7% of Bitcoin in circulation was held on exchange wallets),
3- Individuals: Elon Musk (also a Dogecoin Whale),..
4- Satoshi Nakamoto: first 1.8 million or so BTC first created, have never been spent.
How Do They Trade?
Let's start with the buy range, also known as the Demand zone.
Demand Zone:
1- When they are buying, they put their whole order (into the market) at once (strong price move- Pump)
2- They buy increments within a specified price range (Accumulation). (because the buying pressure would send the price sharply higher)
Supply Zone:
3- When they are selling their position, they put their whole order (into the market) at once (strong price move- Dump)
4- They sell over a period of time (Distribution).
Market Saturation :
Where selling and buying are out of balance (after Accumulation or Distribution)
5- Accumulation Zone- price goes up
6- Distribution Zone- price goes down
See attached Idea (Part 1).
reference:
twitter.com/the...618606649548800?s=20
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