Brief Analysis——BIGTIMEThe game Big Time token BIGTIME was listed on Coinbase and OKX on Oct.11. It rose nearly 30 times after listing. The token with meme attributes has driven the on-chain games and meme tokens sectors. The gaming guild token YGG, on-chain game BNX, etc. all experienced short-term pumps.
In the past history of crypto, when BTC struggled to rising, meme coins would usher in a short-term bull market. That's what happened in early May thisd year. BTC has been fluctuating at its current level for a week, and the outbreak of BIGTIME may take away some funds.
From the daily level, there is little information about BIGTIME. So we switch to the 1h level. The WTA indicator gives two special information. The first is that during the callback, the blue column representing the whales did not disappear, but reappeared a few hours ago, interrupting the callback. This shows that new whales participated in the transaction and purchased chips, and BIGTIME’s bullish trend has not ended. Another piece of information is that in the early days of BIGTIME, the main participants were whales. When the gray bars representing retail investors appeared, the price almost continued to fluctuate and the increase slowed down. We represented this stage with a yellow rectangle.
In the short term, BIGTIME may continue to rebound, but whether it can break through the ATH will be based on whether there will be continued inflows of whales. The pump has caused BIGTIME’s meme attributes to cover the attributes of on-chain games. So you need to be more cautious if you hold this token. A long green candle or a long red candle make sense.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
