Is that a kraken

This image would have benefitted from some more blending but I'm really happy with the final concept. I really liked the idea of a large jellyfish emerging from the ocean on a blood red moon. I couldn't decide whether the ship was there to attack the jellyfish or was turning away from it so I left it really dark and didn't add any color. I made the jellyfish a similar color of the sea and made it kind of transparent. Originally, there was lightning but it looked terrible.