Well well, well, and of course, by that moon gang i mean that there are some crypto whales who are seriously flexing their muscles, and this means that there could be some legitimate opportunity for both you and me, but before we get into that, we should first talk About why we care about what the whales are doing anyway, now i'm sure we could have a much longer more in-depth, more intellectual discussion about why whales are important, but i want to bring up what i consider to be two of the most important facts: number one: Whales well they're called whales because they have a lot of money and straight up with a lot of money, you can move markets you're either eating up the entire bid. You're eating up the entire ask whatever it is: that's a lot of money and that could sway a market. So it's good to know what whales are doing and number two generally people that have this type of money. It's not that uncommon for them to have a little bit more knowledge a little bit more influence they might be playing by a different set of.

I guess knowledge than you and i are so that's why a lot of people like to kind of draft off of these whales to kind of fade them a little bit just because they might know something that we don't know that the retail public doesn't know. And even if it's not necessarily that they just might be moving the market themselves now, i do want to offer a little bit of caution there that, just because a whale does something does not mean that there are right. There are plenty of people who make massive massive bets and they still end up losing it. So, just because you're, a big whale doesn't mean you're gon na get it right, but there is a little bit of stats and a little bit of emphasis on the fact that following a whale statistically might be a little bit of a smart play.

There might be an edge there, so with all that being said, i want to hop into some of the interesting action that we're seeing in the crypto market, specifically bitcoin, which i think could be representative of many other different coins and tokens and what the whales are. Currently doing there right now for a bit of reference as i'm filming, this bitcoin is trading just above 47 000. So if you haven't heard of michael seller, he's the founder, ceo of microstrategy, ticker symbol, mstr and he's an outspoken supporter of particularly bitcoin to the point that they're putting a bunch of it on the company's balance sheet. In fact, they're.

Even taking out debt like fiat currency debt to buy more and more btc check, this out, microstrategy has purchased an additional 1 914 bitcoins for 49 million in cash at an average price of 49 000. As of december 29th, we hotel 124 391 bitcoins acquired for 3.75 billion, with a b at an average price of 30k per bitcoin. So, yes, this is a lot. Definitely the definition of a whale but he's also up quick math is telling me what he's roughly up.

60 percent on a multi-billion dollar bet now, as i was alluding to before, just because you're a whale does that make you right? No, but it's one of those things that it could also very quickly become a self-fulfilling prophecy. A lot of people such as me find interest in this, maybe you're finding interest in it and it can prompt other people to actually buy. Hence, why can very quickly become a self-fulfilling prophecy, but mr saylor and the team over at microstrategy isn't the only whale currently loading up on more and more bitcoin, but before we get into that, i just want to point out how crazy this is. Microstrategy now owns one out of every 170 bitcoin that will ever exist.

If you do the quick math on this many people myself, i just did a video on it. There's a chance of bitcoin hitting over 300 000 in the year 2022. If that were to occur, that means that sailor could actually become one of the world's most wealthy people, but there are other whales playing this game. The whale is back shout out to venture founder for bringing this up.

The third largest bitcoin whale wallet took a pause on buying btc when the price went above 50k. Briefly in the past week and finally, added 120 more btc today at 47k for a total of 5.6 mil notice that all three recent buys were under 47.. So right here, the most recent one 120 before that 136 before that 137, but always trying to buy on the dip and that's smart, because if you like something of course, you want to buy it cheaper, like that makes sense, you don't want to pay a premium For it, i'm assuming both whales that we're currently talking about they're, going to be long-term holders for sure i'd be really surprised if they aren't, they love their asset. They love this digital asset and they are waiting for it when it's on discount and then they buy and then, if it's going up, they just sit back and look at all those attendees now, once again, i just need to remind you just because a whale is A whale that doesn't mean that they're right, okay, you could argue that there's a certain edge to following them, maybe they're influencing the market themselves.

Maybe they have information, we don't, but overall, it is interesting to see what the serious money is doing in this situation and that's just not only because of bitcoin, but i like to think of bitcoin as the i suppose, the s p 500 equivalent, but for the Crypto market a rising tide raises all ships. If you see bitcoin exploding, it's very common to see a bunch of these other coins and tokens also explode, and then on the flip side, if bitcoin is kind of plummeting crashing, you see it dragging the rest of the crypto market with it. So with this, as about to show you in technicals, beyond the whales making their decision, i think there is a true technical analysis advantage to what we are currently seeing in btc, and i think it's well highlighted from crypto yuri right here. The hike in ashi candles.

So we see this downtrend ever since roughly early november and coming down coming down coming down and if you don't know this type of charting, that's not really the emphasis of this video more than happy to make that kind of one. But we had a breakout. It looked like it was gon na hold it didn't and now we're coming down here for the re-affirmation of this trend line and it's being perfectly aligned with this rsi bounce, and it was also almost oversold so between the whales and then between. What we're.

Seeing in a little bit of the shorter time frame, here's the eight hour one i like this dip - i truly do now. Obviously, i am not a financial advisor, but when i'm pairing these things together, i think this might be a bottom that we're currently putting in before. Hopefully, fingers crossed the next rip higher now. A very legitimate question is what, if these whales are wrong, what if these technicals are wrong, matt, what if you're wrong and we're not just putting in a higher low and there's actually more downside, that's obviously very possible uh to the best of my knowledge, i can't Tell the future i'm not clairvoyant, but i do want to share a little bit of my mindset of the situation when i think of crypto, i think of it as a long-term trade.

I am betting on the technology, advancements, the cultural acceptance, the social acceptance, i'm thinking about. All of that, and that's what makes me a long-term investor - i'm not really interested in getting caught up in the minutia of like every one hour bar, because i'm planning on holding this for years potentially multiple decades. So i kind of look at it as whenever you have that opportunity to dollar cost average i've just kind of taken that opportunity. And yes, of course, i just wanted to go higher and higher and higher, but that's also not reality.

Sometimes you're going to be right on these calls sometimes you're going to be wrong on these calls, but you have to make sure before you're placing that trade before you're making that investment. You have to know your plan if you want to be an active trader, that's not necessarily my style when it comes to crypto, but if you're it's yours, that's perfectly fine. That is a-okay. You just stick to your plan.

For me, my plan is okay. When i see a nice depression in price, i load up a little bit more and then other that i sit back and i wait. I just wanted to share those thoughts with you overall, it's interesting to see what the whales are doing. It's interesting to see.

What's going on with technicals, but remember psychology is it's a very important aspect of it and quick, quick reminder? Yes, i do believe that btc is a good barometer for the overall market uh, especially when it comes to crypto, and i'm invested in many of these tokens and coins outside of btc, but particularly for 2022. I have high hopes noteworthy in the world of nfts and metaverse, but beyond that i expect there to be a big regulatory bout going on, especially in the us. So that's something to pay attention to for the upcoming calendar year. Just wanted to share all those thoughts with you and i would love to get your thoughts and opinions in a comment below.

If you enjoyed this video and you want to help me, get it in front of others. It would be awesome if you could drop that like and don't forget to join up in the moon gang by hitting the subscribe button until i catch you next time. Best of luck in the markets, you.