Let's observe when a crypto whale or a group of crypto whales, either person or entity when they are putting or taking their huge capital, say $500B Bitcoins, in the crypto spot market either suddenly or gradually, their number and volatility are exactly plotted and reflected in the market capital price chart that forms peaks and bottoms of a price level. In another word, the price level reflects the entry and exit of a certain huge amount of invested capital in the market. That price level is known well as the Resistance and Support zone (Swing point) which is part of the fundamental of structural price action. The big investor(s) will certainly play in the market according to their certain capital amount, say $500Bs in the example, they will not play be more or less far from their owned capital, something that is very logical. It looks like a technical phenomenon where Resistance and Support are basically a price level that always remembers to touch again and again. The entry of new big player(s), of course with new huge capitals, will then form new price levels and that is another technical phenomenon what we call as Break-Out that flips Resistance to Support or vice versa. Meanwhile, the small players in the market who try to follow the movement of the whales where they are going to go will form the ripple of pullbacks and retracements within the movement of the whales.
It's now only a matter of speed of time and momentum about when those capitals will be put or taken, bought or sold, long or short, or even Hodl in the market. The decision of each individual will be mostly influenced by so many factors a to z in terms of technology, economy, politic, social, habit, culture, and environment respectively, but their amount of capital remains the same. So if the technical phenomenon of price action indicates that the Bitcoin value area is currently at strong support of 26K to 29K, then it is only a matter of time speed. Today's Ukrainian war was one of them that might accelerate the achievement of this price level, say from two weeks to a day. And if later the situation changes and is supportive, fast or slow, the whales may rush to enter the market again because there is their interest and business life. All of these phenomena are technically identified in the price chart from the perspective of structural price action.
Let's take look at some crypto price volatility level charts which technically already represent their own influencing fundamental factors,
Bitcoin, BTC price levels
Monero, XMR price levels
Litecoin, LTC price levels
Terra, LUNA price levels
XRP price levels
Disclaimer: This article is based on my research and personal opinion. This is not an order or an invitation to do. Investing in the cryptocurrency market provides both benefits and risks. Every investment decision is the responsibility of the individual who made the decision. Please invest according to your personal risk profile.
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