In the previous videos, we have talked about the basic mistakes and come up with some core advices for Sfomo users.
Important advices when use Sfomo signals in trading: https://youtu.be/rNfUipaLD40
Mistakes while using two new signals UpPrice and FomoPrice: https://youtu.be/19ie6BhQXsQ
In today video, we would focus on the Price behaviors of whales, there are two types of whales’ behaviors:
1. In the first accumulating behavior, whales usually act like this:
First, they set and maintain a really big order
They would use a great amount of money to buy Altcoin at the wanted price, after that they would maintain this bid order until the accumulation finish. The market might go fomo but this process would be really fast if the whales do not have any pump activity. And they would be able to buy altcoin successfully depending on the selling out demand of the market. With this behavior, Sfomo usually announces for Pump or Shark signals.
Next, they set and remove orders constantly:
Whales are really good at perceiving the psychology of the whole market. When the accumulating action is still active, they would try to decrease the coins’ price as low as possible to buy more with the same amount of money.
One of the ways to do that is “setting and removing bid orders constantly”, this action would make the market deep into anxiety. To traders having unstable feelings in trading, these traders would sell out quickly if they already bought at the price that higher than the removed order of whales. If the selling out orders are too many then it would cause the fomo from other investors, which results in the decrease in short time. At this moment, whales can continue to set buying order to accumulate more with lower price.
Finally, they would buy the first 2 or 3 Selling orders on the Selling side of the market.
When whales want to quickly accumulate coins, they will set bid orders that succeed right at the first 1 to 3 rows on top. This would help them buy coins with a low profile. However this might make the coin fluctuate instantly while lots of investors don’t even know what just happened.
Whales usuall do this when they want to accumulate coins for the last time before spread out news or deploy a pump activity. This would cause a strong fluctuation for altcoins so the signals can only be Up Price or Fomo Price signals.
2, For pumping activity, whales usually behave like this:
Set and gradually increase the price of bid orders.
This activity is really effective in pumping price and can result in great fomo from the market. In this action, they would set a massive bid order to capture the attentions. After that they would increase the price gradually to make other traders believe in the short term growth of that coin by this massive shopping action. Whales only have to do this from 5 to 7 times and the market would go fomo gradually. This might be announced by Pump and Shark signals.
Next they would use money to increase the price.
After the step “buying the first 2 or 3 Sell orders on the Selling side” like in the first type, whales continue to pour a great amount of money into the Bid Order section. Observant traders can quickly realize this by the candlestick graph. At this moment, signals from Sfomo are usually Shark or Pump signals, stronger fluctuations would be Up Price or Fomo Price signals.
Sfomo App is the first application that Track New Crypto Listings and shark tracking functionality. Sfomo is an application built to assist traders in trading cryptocurrency. Sfomo's functions are:
- Coin Listing Exchange Announcement
- Trade signals (including Pump, Shark Bid, Up rice and Fomo rice)
- Cryptocurrency News
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