{"id":380512,"date":"2019-05-01T21:00:35","date_gmt":"2019-05-01T21:00:35","guid":{"rendered":"https:\/\/ktsl888.com\/?p=380512"},"modified":"2019-05-01T20:30:39","modified_gmt":"2019-05-01T20:30:39","slug":"bitcoin-trader-net-long-accumulation","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bitcoin-trader-net-long-accumulation\/","title":{"rendered":"Bitcoin Trader: Big Money is Net Long, Re-Accumulation Expected at $10K"},"content":{"rendered":"<p class=\"p1\"><span class=\"s1\">In recent months, <a href=\"\/tag\/bitcoin-price\" rel=\"nofollow\">Bitcoin price<\/a> has been following an uptrend ever since the leading crypto by market cap retested bear market lows at $3,350 where it <a href=\"https:\/\/ktsl888.com\/2019\/02\/07\/crypto-bitcoin-monthly-macd-bottom\/\">bounced off support at the 200-week moving average<\/a>. Even new <a href=\"https:\/\/ktsl888.com\/2019\/04\/26\/tether-turmoil-twist-stolen-reserves-proves-crypto-stablecoin-was-once-backed\/\">Tether FUD<\/a> or fears over Bitfinex\u2019s insolvency have not been enough to cause a major pullback aside from a quick drop that <a href=\"\/tag\/bitcoin\" rel=\"nofollow\">Bitcoin<\/a> quickly rebounded from over the weekend.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">One reason for the lack of any clear dips on Bitcoin price charts, or any retests of former resistance turned support, is because \u201cbig money,\u201d as one Bitcoin traders calls it, are &#8220;net long&#8221;, and won\u2019t let bulls buy dips until they\u2019re ready to sell. And according to the trader\u2019s past analysis, he believes that $10K is when distribution and re-accumulation will occur.<\/span><\/p>\n<h2 class=\"p1\"><span class=\"s1\">\u201cBig Money is Net Long,\u201d Won\u2019t Let Bulls Buy Dips Until Whales Are Ready to Sell<\/span><\/h2>\n<p class=\"p1\"><span class=\"s1\">Prominent crypto trader and lead analyst at <a href=\"https:\/\/www.bravadovip.com\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">Bitcoin Bravado<\/a>, Bitcoin Jack Sparrow has shared his most recent analysis of the Bitcoin market since the cryptocurrency went parabolic, the bubble popped, and a bear market ensued.<\/span><\/p>\n<p style=\"text-align: center\"><em><strong>Related Reading | <a href=\"https:\/\/ktsl888.com\/2019\/05\/01\/crypto-bitcoin-btc-monthly-candle\/\">Crypto Bulls Rejoice As Bitcoin (BTC) Monthly Candle Closes Above Resistance<\/a><\/strong><\/em><\/p>\n<p class=\"p1\"><span class=\"s1\">The trader says that analysis of trading volumes since BTC bottomed in December 2018 through April\u2019s one-hour surge that sent the price of Bitcoin skyrocketing over $1,000 in an hour, suggests that \u201cbig money is net long.&#8221;<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$BTC<\/a><\/p>\n<p>Grey boxes are liquidity zones<\/p>\n<p>Volume analysis suggests big money is net long<\/p>\n<p>Big money won&#39;t let you buy dips until they sell you their position<\/p>\n<p>There is no denying we at least fill the first grey box<\/p>\n<p>Be smart, buy when they want you to sell <a href=\"https:\/\/t.co\/BGkiNUCfYT\" rel=\"nofollow\">pic.twitter.com\/BGkiNUCfYT<\/a><\/p>\n<p>&mdash; \/\/Bitcoin \ud835\udd75ack \ud83d\udc10 (@BTC_JackSparrow) <a href=\"https:\/\/twitter.com\/BTC_JackSparrow\/status\/49446144?ref_src=twsrc%5Etfw\" rel=\"nofollow\">May 1, 2019<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p class=\"p1\"><span class=\"s1\">And according to the trader, \u201cbig money won\u2019t let you buy dips until they sell you their position.\u201d The claim could shed light as to why Bitcoin price hasn\u2019t fallen, despite indicators expecting a drop or consolidation, and following widespread fear, uncertainty, and doubt across the crypto market due to the New York Attorney General\u2019s office accusing Bitfinex of borrowing from Tether reserves to mask the loss of $850 million in funds.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Jack highlights a \u201cliquidity box\u201d in grey, showing the two zones where significant price action will take place. One zone is above, at resistance at $6,000 that previously acted as seemingly unbreakable support throughout 2018, before it finally broke in November.<\/span><\/p>\n<p style=\"text-align: center\"><em><strong>Related Reading | <a href=\"https:\/\/ktsl888.com\/2019\/05\/01\/crypto-traders-bitcoin-price-6k\/\">Crypto Traders Split 50\/50 On Where Bitcoin Price Goes Next: $6K or $4200<\/a><\/strong><\/em><\/p>\n<p class=\"p1\"><span class=\"s1\">The other zone, is below us, back where the initial breakout in early April occurred, further backing up other analysts who believe that Bitcoin will make a run for either <a href=\"https:\/\/ktsl888.com\/2019\/05\/01\/crypto-traders-bitcoin-price-6k\/\">$6K, or $4,200 next<\/a>. The two price targets were recently listed as options in a <a href=\"https:\/\/ktsl888.com\/2019\/05\/01\/crypto-traders-bitcoin-price-6k\/\">Twitter poll that was divided 50\/50<\/a>.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">$10K <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#Bitcoin<\/a><\/p>\n<p>Change my mind.<\/p>\n<p>Won&#39;t be tomorrow, we&#39;ll go sideways, up and down, but that&#39;s where distribution\/re-accumulation will happen.<\/p>\n<p>Just saying \ud83e\uddd9\u200d\u2642\ufe0f<\/p>\n<p>That volume&#8230; \ud83d\udc40 <a href=\"https:\/\/t.co\/WfqAzCwhvp\" rel=\"nofollow\">pic.twitter.com\/WfqAzCwhvp<\/a><\/p>\n<p>&mdash; \/\/Bitcoin \ud835\udd75ack \ud83d\udc10 (@BTC_JackSparrow) <a href=\"https:\/\/twitter.com\/BTC_JackSparrow\/status\/69984001?ref_src=twsrc%5Etfw\" rel=\"nofollow\">April 8, 2019<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p class=\"p1\"><span class=\"s1\">As to where Jack expects Bitcoin to go, in a pinned tweet from April 8, he believes that BTC is set to revisit $10,000, but isn\u2019t sure exactly when. However, he is confident that this is \u201cwhere distribution\/re-accumulation will happen.\u201d Interestingly enough, the last time re-accumulation occurred in Bitcoin was in September 2017, when BTC pulled back to roughly $3,350 \u2013 oddly coinciding with the most recent bear market local low before the initial uptrend began.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In recent months, Bitcoin price has been following an uptrend ever since the leading crypto by market cap retested bear market lows at $3,350 where it bounced off support at the 200-week moving average. Even new Tether FUD or fears over Bitfinex\u2019s insolvency have not been enough to cause a major pullback aside from a quick drop that Bitcoin quickly rebounded from over the weekend. One reason for the lack of any clear dips on Bitcoin price charts, or any retests of former resistance turned support, is because \u201cbig money,\u201d as one Bitcoin traders calls it, are &#8220;net long&#8221;, and won\u2019t let bulls buy dips until they\u2019re ready to sell. And according to the trader\u2019s past analysis, he believes that $10K is when distribution and re-accumulation will occur. \u201cBig Money is Net Long,\u201d Won\u2019t Let Bulls Buy Dips Until Whales Are Ready to Sell Prominent crypto trader and lead analyst at Bitcoin Bravado, Bitcoin Jack Sparrow has shared his most recent analysis of the Bitcoin market since the cryptocurrency went parabolic, the bubble popped, and a bear market ensued. Related Reading | Crypto Bulls Rejoice As Bitcoin (BTC) Monthly Candle Closes Above Resistance The trader says that analysis of trading volumes since BTC bottomed in December 2018 through April\u2019s one-hour surge that sent the price of Bitcoin skyrocketing over $1,000 in an hour, suggests that \u201cbig money is net long.&#8221; $BTC Grey boxes are liquidity zones Volume analysis suggests big money is net long Big money won&#39;t let you buy dips until they sell you their position There is no denying we at least fill the first grey box Be smart, buy when they want you to sell pic.twitter.com\/BGkiNUCfYT &mdash; \/\/Bitcoin \ud835\udd75ack \ud83d\udc10 (@BTC_JackSparrow) May 1, 2019 And according to the trader, \u201cbig money won\u2019t let you buy dips until they sell you their position.\u201d The claim could shed light as to why Bitcoin price hasn\u2019t fallen, despite indicators expecting a drop or consolidation, and following widespread fear, uncertainty, and doubt across the crypto market due to the New York Attorney General\u2019s office accusing Bitfinex of borrowing from Tether reserves to mask the loss of $850 million in funds. Jack highlights a \u201cliquidity box\u201d in grey, showing the two zones where significant price action will take place. One zone is above, at resistance at $6,000 that previously acted as seemingly unbreakable support throughout 2018, before it finally broke in November. Related Reading | Crypto Traders Split 50\/50 On Where Bitcoin Price Goes Next: $6K or $4200 The other zone, is below us, back where the initial breakout in early April occurred, further backing up other analysts who believe that Bitcoin will make a run for either $6K, or $4,200 next. The two price targets were recently listed as options in a Twitter poll that was divided 50\/50. $10K #Bitcoin Change my mind. Won&#39;t be tomorrow, we&#39;ll go sideways, up and down, but that&#39;s where distribution\/re-accumulation will happen. Just saying \ud83e\uddd9\u200d\u2642\ufe0f That volume&#8230; \ud83d\udc40 pic.twitter.com\/WfqAzCwhvp &mdash; \/\/Bitcoin \ud835\udd75ack \ud83d\udc10 (@BTC_JackSparrow) April 8, 2019 As to where Jack expects Bitcoin to go, in a pinned tweet from April 8, he believes that BTC is set to revisit $10,000, but isn\u2019t sure exactly when. However, he is confident that this is \u201cwhere distribution\/re-accumulation will happen.\u201d Interestingly enough, the last time re-accumulation occurred in Bitcoin was in September 2017, when BTC pulled back to roughly $3,350 \u2013 oddly coinciding with the most recent bear market local low before the initial uptrend began.<\/p>\n","protected":false},"author":517,"featured_media":380516,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5651,3],"tags":[428,37663,679,37662,14781],"class_list":["post-380512","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","category-news","tag-bitcoin","tag-bitcoin-jack","tag-bitcoin-price","tag-reaccumulaton-big-money","tag-whales"],"acf":[],"yoast_head":"\n<title>Bitcoin Trader: Big Money is Net Long, Re-Accumulation Expected at $10K<\/title>\n<meta name=\"description\" content=\"A prominent crypto trader says that &quot;big money&quot; 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The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions. In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony\u2019s expertise to guide their trading strategies. Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies. 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