The Crypto Whales Begin Their Actions to Set the Course in the Last Month of the Q3 2019.

By Dj on ALTCOIN MAGAZINE

The cryptocurrency market is a bit ambiguous waiting for important announcements that should occur this week to frame the ecosystem towards a possible recovery, of which many have already occurred and we are waiting for a ‘revelation’ for what it could be the behavior of the more important cryptocurrencies in the coming days.

The SEC ruling on its compliance with ICO Rating for undisclosed payments on its reviews, the blocking of BitMex to users from Hong Kong, Bermuda and Seychelles as well as the expansion of Geminis into the Australian market in an attempt to attract more investors Institutional to the market in general, they are the most outstanding so far for this start of the last week of August 2019.

As a result, the action of the whales has been felt today about what many call the alpha and omega of the altcoins: Ethereum and Bitcoin, in addition to the attempt to oxygenate capital with multimillion-dollar transfers in stablecoins such as Tether, the main Traditional fuel to manipulate the market.

At the time of writing, three important movements stood out on the day on the actions of whales crypto. The first corresponds to the action on the main digital asset, Bitcoin (BTC) with a transfer of 12009 BTC between unknown wallets, for an equivalent at the time of the transaction of a little more than $ 124 million dollars.

The transaction occurred Monday at 7:10:40 UTC under the hash id 7d877220a9814b008291206aa58b49a744ace1892a7d5b2cf35365a67144d179 between multiple addresses and an unknown direction 15pyB7yDpuxENYiAjFf5SWFrdqoH5ijMy2.

After this movement that was made by a whale, the price of Bitcoin has managed to ‘stabilize’ and be contained in the key support of $ 10300, despite attempts to fall after the upside of the day with more than 400 units in a single green starting the day.

Altcoins Season: Delayed Start?

Ethereum is the great altcoin par excellence due to what it represents not only in terms of market capitalization but through its disruptive technology with decentralized applications and the precursor of the blockchain improvement for new emerging platforms such as Matic, FLETA, Harmony and Cosmos, to name a few.

Although it does not have the scalability of FLETA, for example, with its 15k TPS, the proposals of a new recharged ETH 2.0 make many think that Buterin’s cryptocurrency will soon recover its place of honor, at the reputation level. And this is being read by many investors who are betting on a greater price recovery of the main altcoin of the ecosystem.

That is why we have seen in recent days an important action of whales on ETH for trying to manipulate their price, as we highlighted in our previous post and today, they have again acted on this market.

At 18:36:02 UTC a transfer between unknown wallets was recorded on the Ethereum blockchain for an amount of 147,932 ETH ($ 27,867,370 USD) under the hash id 0x5180fdfd756ef75fbddc4ec30758ff4543007ade4fefbce1dde93a159a1865ec.

This action seems to be the last attempt by the whales to boost the price of altcoins. After the recorded movement, a drop in depth of the key support of $ 186 registered a small recovery in prices that many expect is the start of new increases for ETH.

Ethereum due to its importance would mark the start of the ALTS season, so its action is important to follow closely and the whales understand it perfectly. Taking into account the following graph is very important because the price action of ETH is of great relevance to the entire crypto market.

As we can see, ETH broke the support line (red) which is now the resistance in which it began operating in a new contracting channel, or rather, it must be said that it is a triangle that is shrinking more and more. Second, as you can see, Ethereum is trading below the moving average of 100.50 and 20 days and it is not considered that there will be a bullish rally until it breaks above $ 224.

Finally, if ETH goes down 10% -15% more, it will be an incredible buying opportunity.

In conclusion, we must be attentive to the updates of the presented graphics, since any improvement of the BTC will make ‘blood’ more the altcoins and vice versa. Ethereum is going to be one of the best in the next bull run that we hope will break the start of the ALTS. For many the time is near.

$ 46 Billion USDT Invalid.

According to Whale-Alert.io, the stablecoin Tether registered an unusual move today for about $ 46 billion between unknown wallets that were later registered as invalid by the same widget 27 minutes later and removed from its system registry.

Based on the details of the transaction, it was initiated through the Bitcoin blockchain from the sender’s address 1BkqRAVd6RFGrntFnqC4iG3vaX42hFsSW8 to the receiver at 165Xu3ABMLkLz1oFvqRgJAtRuA1LtRKMid.

But according to OMNIEXPLORER, the transaction was classified as invalid by ‘insufficient balance on the part of the sender’.