whales cracked. EOS. how do whales play a Downtrend?
whales cannot open a large short position at the risk of crashing the market and risking a bounce.
they have a strategy in place.
1. they often play BOTH sides of the market
* evidence is the volume corresponding to whale movements
2. put up huge BUY walls to control the bleeding and accumulate SHORT positions.
3. these BUY walls get chipped into and they use these LONG positions to create a momentum. (by closing these longs on order book when volume drops off and its thin.)
4. the process is explained in the chart.
thank you :)
please leave a like :D
means a LOT to me!!
they have a strategy in place.
1. they often play BOTH sides of the market
* evidence is the volume corresponding to whale movements
2. put up huge BUY walls to control the bleeding and accumulate SHORT positions.
3. these BUY walls get chipped into and they use these LONG positions to create a momentum. (by closing these longs on order book when volume drops off and its thin.)
4. the process is explained in the chart.
thank you :)
please leave a like :D
means a LOT to me!!