The Manipulation of BITCOIN! I have been in the Crypto Space for about 4 years and I have been studying Bitcoin since 2017 High. I've learned something along the way. During 2017 high, there were many people that talked about Bitcoin. It was all over social media. Many people were talking about it, even people that did not know anything about Bitcoin. As a surprise, that was the top and bitcoin dropped all the way down to 3k. When Bitcoin dropped that low, many people that invested, especially, in the top took the loss and did not want to invest on Bitcoin again. After years, Bitcoin finally pump and went as high as 60,000 dollars. Then something happened, social media started talking about it. People that was not in Crypto in 2017 started talking about it. People that know nothing about Crypto and bitcoin started talking about it. This was a signal that it was the top. So...
Will Bitcoin do the same thing as it did in 2017? If so, Here is the chart on how it will look like. People that bought above 50k to 60k will get trapped. Bitcoin will dump all the way down below 20k. I say below 20k is because it is a major key area that tracks back to 2017 high. There will be a lot of liquidity around that area. It will consolidate for weeks and finally, eventually, a new bull market will start. This will take Bitcoin to 100k and more. The question is "How long and when?"
Manipulation
2 Days, 20 hours from EIP1559Ethereum has been straight running lately, and we have wonderful fundamentals underway with the heavily anticipated upgrade coming very soon.
It is worth advising that there is clearly risk of a "sell the rumor, buy the news" event taking place that upon realizing the upgrade we will see those that had accumulated risk off into further strength.
While this is a risk, I think it is a low one.
It is worth sharing Strategists Russell Napier recently made the potent remark:
"This is exactly what happened after World War II. Central banks were impotent during that time. The supply of money was dictated by governments controlling the commercial banking system. I strongly believe that we’re going back to that system. The government can never tell you that, because the whole point of financial repression is to steal money from savers slowly. But this is a fantastic thing for politicians: It isn’t fiscal spending, it isn’t higher taxation, it’s a contingent liability on the government's balance sheet but not an actual liability. It creates politically directed growth, and it creates inflation. For politicians, it’s the magic money tree." (Citation Below)
Bond yields are 100% being depressed from central bank intervention which is manipulating yields. Yields are no longer running due to free market forces. This is a hidden penalty on savers, on those living off of fixed income. ETH is a wonderful product as it will enable products to still garner actual market dictated interest rates. This is one of the shocking reasons you are finding such asinine interest rates by providing for example USDC & DAI for example to lenders online offering 7-9% rates. The USD still has high demand, especially from emerging markets and in countries with even worse currency gripes such as Turkey.
This is a concept that is hard for many to wrap their heads around:
Inflation is taking place
The 'Stagflation' cult will eventually be proven right, but their timing is totally (2yrs) premature
Despite inflation there is still STRONG DEMAND for the Greenback
Yields are being manipulated by central banks, which means to gather yield it is worth going to products which still feature actual free market yields - like ETH or even more broadly speaking DeFi
Citation: themarket.ch
#BTCUPDATE 27.7.21 MANIPULATION OF THE HIGHEST ORDER
Amazon denied claims of accepting #BTC at critical resistance causing a relatively strong dump, although BTC has held surprisingly well - this coupled with that Amazon has followed up officially with they are exploring crypto payments - so there is still hope there/
We have found a strong support at $36.3k and reclaimed $37k although getting back above $37.7k is where we really want to be.
All in all it is still looking like a very bullish short term run for BTC with $40k likely to be retested. I feel like we are looking at a potential ascending triangle forming either at $38.5k or more likely $40k region to start to build for the proper breakout.
There is currently a weighted stable-coin ratio on exchanges which would suggest an incoming pump for BTC soon - although the door has been opened a little bit for FUD news so watch out.
My play with BTC is to hold long to $38.5k and then onto $40k.
btcusd / how a manipulation worksNow we have an opportunity to observe a real whale manipulation of btc price in action !
First of all I have to mention in my opinion manipulation is part of the market and nothing is wrong with this if no illegal practice carried out. Further to this, most manipulations are possible when there is uncertainty in a market that make it cheaper and possible to carry out a manipulating action.
To show this manipulation I compared btcusd price action of past few months with btcusdshorts of bitfinex chart of same period this chart shows number of btc shorted in the period.
Studying these two charts reveals four remarkable spikes in short positions in that period, as you can see last three spikes are really huge and in range of a billion dollar and seems abnormal.
The first spike (may 16-20) mostly can be attributed to normal price action and it started (short opened) when expected bearish structure broke down and on support, short was closed. But last three spikes (June 7-21, 25-26 and July 6-onward) are totally different, huge and follow another logic.
***If you study the chart you can see huge shorts are opened when there is no down pressure in price action, and shorts have been closed when price action shows downward pressure, this could imply that the spikes are designed to try to keep price in a range.
Probably the opening and closing of these last three shorts resulted to no substantial loss or gain; just by opening and closing a huge billion dollar shorts (up to 29000 btc) they postponed an event.
I am not sure what they follow but I guess it may be related to something like Grayscale btc fund (GBTC) sell lock times that one of its biggest ones (18000 btc) will be unlocked on July 18. You can research on the issue on tradingview or Google. But I think the manipulator’s bet is on long side of btc finally.
Please comment what you think.
Ethereum long, aiming for the imbalance zones on the daily☑️ETH is still in a bullish cycle long term. Here, I entered on the 4h after a period of manipulation and entered on the beginning of the push to the upside from the demand zone. TP hit and 4:1 RR banked. Will be looking for further long entries as I believe it still has a way to go to the upside after this accumulation period!!
BTC market manipulation: you have 48hrs to respond.Trading Disclaimer:
All trades and ideas posted from this account, including setups, are given for educational purposes only. 95% of trades never win, and instead realize losses. Trading involves risk, there are zero guarantees that you will win any given trade, including this one or others related to it or this account. If you follow any setups, you do so at your own risk, taking full responsibility of any actions and / or outcomes. Nothing posted is to be taken as financial advice. The information and opinions presented by this account should not be construed as investment or trading advice, and is not meant to be a solicitation or recommendation to take actionable trading on any asset, cryptocurrency, securities, or any other tradable digital asset.
All content presented is for entertainment and education.
No Financial Advice.
Past performances are not a guarantee of future outcomes and or results: trading involves strategizing probabilities, there are no expectations on any given trade.
Always do your own research and consult a team of professionals from finance and law before proceeding with any type of action in personal finance.
All information provided by this account is a general market commentary and does not constitute investment advice or financial advice. None of the information communicated in this accounts tradingview publishings are financial advice and/or incentives, solicitng, advertising, manipulation tactics, and any other malicious behaviour - no, solely for entertainment purposes ONLY.
Wyckoff Distribution Trade SetupSo OANDA:AUDUSD has been forming a textbook Wyckoff distribution pattern and is hanging by a thread atm. We are currently entering phase E which according to the Wyckoff distribution schematic is a markdown phase. You can clearly see the price manipulate the highs and break down out of the structure. If you still haven't shorted yet you might want to wait for the falling wedge to break or wait for some type of institutional candle of some sort. Targets would be according to my fib levels around the .382 and the .618 retrace. Follow for more trade setups! Good Luck traders!
NOT FINANCIAL ADVICE!
Wyckoff Accumulation, Last chance to get in before the big move!So I know many people are saying that this Wyckoff accumulation pattern has been invalidated due to the lower highs and lows we have been getting but I still believe this is part of the wyckoff accumulation and we are really close to the markup stage. Here is my argument to why its still valid. So first off wyckoff patterns are never 100% accurate and we can prove that by looking at previous charts and history. They all play out the same way in the end but the process might vary from chart to chart and coin to coin. These past lower lows we have been getting look really familiar with the distribution phase we had when BTC reached 65k. So I went back and looked at the distribution phase of BTC and inverted the scale so that it looked like a wyckoff accumulation instead of a distribution. As you can see: BTC did the same exact thing it is doing right now by forming lower highs and lower lows trying to shake the last retail investors before finally rallying up to 40k. In the image I posted BTC went for about 25 days from the (spring) stage to the launch up (inverted ofcourse). On this chart right now Its only been 20 days from the spring to where we are right now. If we add 5 more days that would put us at the 17th of July which is where Im personally expecting this big move to happen. Now if BTC breaks out of the falling wedge and retests that resistance as support that's a strong sign of bullish momentum. Also as soon as BTC breaks my green box around 36k it should according to the wyckoff accumulation pattern go straight up to 41-42k and form the pennant. Now this was quite a long post and I would really appreciate a follow or a like. If there is anything that isn't clear, feel free to ask me in the comments! As always, good luck traders!
[Bitcoin]: Somebody on Bitfinex is manipulating whole market!Never before Bitfinex shorts were as high as on the previous 2 peaks. Even when we had a big Crypto Market and BTC dip this year!
Thus somebody realized what kind of power does this graph hold in the eyes of traders and their followers.
So, what do they do now? They push shorts really high in an extremely short time frame spanning from few hours to few days and it's one entity most probably only!
What happens next?
After the shorts start to go up we sooner or later dump! (red)
After the shorts go down we sooner or later pump! (green)
After shorts reach peak there is a strong trend coming! (blue)
Most probably they are influencing BTC to stay in the channel and not break up or break down.
That's why it did not happen as suggested in previous posts since that kind of entity can put a position worth few thousand of BTC in order for this to be seen!
Why would somebody close them so fast and how can that entity do that on the market is probably a rethorical question but don't forget - 10000 BTC is worth around $300 mio!
Since BTC is moving down already we can expect further dip and most probably then the bounce from support channel.
USDCAD Bearish Reversal CycleGood afternoon ladies & gents,
USDCAD will most likely start it's Bearish Cycle today and NFP is likely to be the catalyst. After trading up into the Weekly Inflection point, we saw a sharp rejection to the downside. Price has presented us with D1 SMT Divergence allowing DXY to fill the imbalance above and USDCAD has filled the imbalance above whilst not making a new high.
In light of this, I do anticipate a short to occur today (Bearish Sentiment on DXY) and today, it's possible to enter with a stop above the highs.
Many opportunities to enter next week if not today.
Disclaimer: This is my idea, take and execute this idea at your own risk and discretion. Remember to manage your risk appropriate on the off chance that I'm wrong.
-AmplaFX
Wyckoff Accumulation (Update)For the past month Bitcoin has been in a very boring sideways moving range. However this pattern shown in the chart is a Wyckoff accumulation pattern which is used by the big whales to manipulate the market and acquire as much Bitcoin as possible while making the weak hands sell their Bitcoins by bulltrapping and bear trapping as seen in phase B and C. If BTC can hold the 33k level until the next daily candle this might be the last time we see 33k. We are at the very end of Phase C according to the Wyckoff accumulation pattern and are starting Phase D which signals a huge move towards the upside before consolidating a bit and launching even higher in Phase E. This would be a really good long position to keep an eye for. RSI on the Daily is also looking very bullish. It has been trending in a downwards sloping resistance for a couple of days now and a break up is inevitable and could result in a big move for Bitcoin! have linked a picture of the Wyckoff accumulation pattern. Good luck traders!
AMC the most important chart to see in 2nd Q of 2021This is possibly the most important chart you will see in Q2 of 2021.
…again, this is just my humble opinion.
This is another attempt from the Reddit community to manipulate the market, Big Bank style. The stock now displays traits of cryptocurrency altcoins. Please do not be fooled by the big players influencing the market, because the same rules apply to every financial instrument. They are governed by human psychology.
No one really knows how many stocks were influenced by big market players in the past decades. Notice that charts have been repeating the same patterns for the last 100 years. This situation has exposed the big market players and they are sweating.
In following recent AMC price history, you may come to understand hedge funds are manipulating the price. They may be setting a price ceiling and floor.
The value of any financial instrument is based on the simple principle of supply and demand, which cannot be faked.
Some traders have been mentioning Gauss in their analyses. Remember, the most important lessons for his trades were angular degrees and the 50% retracement level. Each day in the year is measured as 1 degree, while the full year is 365 degrees - which is a full circle. We are now approaching the half year, and more importantly a 50% rebound from AMC’s trend, suggesting a continuation of its upward trend.
Another important observation is this chart displays the classic flag formation, which most likely suggests further growth.
I think $88 or even $109 per share of AMC is very likely in the cards.
Some may say the price is set by the big market players, and it will not increase any further.
Do you remember the set level for EURCHF in past years? It was 1.20 - look at its chart now and see for yourself…
SELL EURNZDBeautiful drop from EURNZD. Price has broken the trendline, the retest is expected shortly above 1.702 area before a big drop. Market makers are looking to short this bad boy. Entry at 1.70180 Stop loss at 1.7064 and our targets are 1.6720. Use proper money management. Good luck to you all.
BTC/USDT SHORT...BITBAY:BTCUSDT
Like I already told you. DONT LAUGH AT ME...
I mentioned that I WILL NOT DO ANYTHING :) and you laughed at me. But it is okay.
Hope we will do better now and help each other and send me a more informative criticism not just bullsh^t comments.
I am here to share these trades
I have been telling you not to do anything unless we are close to that 30K wall. We need to hold that wall and or we will fall if we don't.
The only mistake i did with you guys is I DID NOT let you make aware that we will face a huge fight of FUDs and Official news even tho it is old.
This is not Bear Market (prolonged) this is just place we need to retrace from a raging heights from 10K to 30K to 40K back to 30K to 50K to 64K and we are here.
Still fvvck the government. Let's not say things about race. Government are one and their goal is to control us. Real Democracy is Decentralized. This is the time we can own something finally don't sell your BTC to the whales and bad whales. They will really buy it.
my techanalysis is still the same for the last week. I am the only consistent. I wont change. we are still shorting this then take profit to safe coins then move those short profits at buying more good project coins...
HODL wallet I have is...
$LTC $BTC $ETH $ADA $LINK $DOT $BNB
The Liquidity GrabI'm going to do my best here at explaining the basics around a liquidity grab (some times called a stop hunt), why it happens and how it works (ignore the chart I'm using, I'm not saying this is a manipulated move just showing you an example of how it works)
I often refer to this in my playbook as an STL "Sweep The Legs" coupled with a picture of Johnny Lawrence from the karate kid lol
First you need to understand that Big money plays a different game to retail.
When you want to place a buy order at a specific price point, lets say your buying a thousands dollars worth of BTC @ $30,000, you can put an order in and boom it gets hit your filled and your ready to go to the moon.
Now imagine some bigger traders who play with a lot more money than you, lets say there order is more like a billion dollars.
Well in order for them to fill there position, there needs to be a large amount of selling at that level other wise they may only get a small piece filled...... theeeeeen of course the price moves away and your priced out of the market (imagine putting your $1000 order in, only getting $10 of it filled and then having the price moon....yeah it would suck)
They do not want to chase candles or buy up the order book, thats just not good business, and if you have to do that in order to get your orders filled thats a good indication that there is already liquidity issues within this market and you may have a similar problem trying to cover of your position later on.
So these players some times need to hunt down and find or even artificially create liquidity pools for them to take a big bite at like pigs at the trough.
One of the easiest ways to do that is to look for the most obvious levels of support with in a trend of sideways channel and look at the buying thats happening on that level.
If we dont get an instant recovery or bounce at that level it can normally indicate price being trapped or held down in order to encourage more retail to "buy the dip" or buy on support as these are some of the most basic tools and strategies taught to retail traders.
Now one thing to remember when all of these traders/investors are in there positions from this level, there will be a large number of these traders protecting capital with stop losses, normally under the level they where buying at.
This now created a liquidity pool...... You see every stop loss on a BUY order, becomes a SELL order, and with so many BUY orders created and entered at a specific level that means the stop loss orders are stacking more and more on top.
Think about it like this, if we hit 30k and someone buys $1m worth, that means there is possibly a SELL order (via a stop loss) of roughly 1m under that level.... now we hit that 30k level again, and someone buys some more, maybe another $1m worth... well now there is roughly $2m worth of SELL orders in that stop loss zone. Hit that 30k super sweet safe support level 5 or 6 times and all the sudden you could have 8-10m worth of SELL orders at a single price point below support.
Now if I wanted to enter this market long and I had 10m order to fill, it would make sense for me to run the price down to clip these stop losses creating a large amount of selling straight into my pig of a buy order.
Once my orders filled I can stop holding the price down and let the price begin to organically rise again, this often creates fomo for all the retailers who just got knocked out of there trades from "tight stop losses" to chase the market back in only adding to the momentum and mark up of my position.
The same thing can happen in vice versa when they are covering or exiting a position as well, and its often followed by a square up to reduce or remove the risk taken on to manipulate the price during there accumulation or distribution of there order, more specially into a short position as they take on more exposure to the underlying asset to manipulate the price, in a long there exposure is fiat and there isnt any need to cover. (ill explain square up in detail next time)
This is often what is referred to as a liquidity grab and its how big players enter the market, they do not chuck a limit order in on Binance and hope for the best...
I hope that made sense and added some value, but if you have any questions please chuck them below
GBPUSD Mid Term Directional Bias Following Consolidation
Expection : After manipulating major area of retail support, I believe that GBPUSD will reverse and target the areas of Equal Highs that has been left behind on top. Only if the level of Equal Highs on top is reached I will then be looking for shorting opportunity.
Supply&Demand Perspective : Area of strong demand which the market hasn't mitigated before is now approached. This hints towards a reversal. Beware, there needs to be shift of direction from bearish to bullish in Lower time frames to validify the Demand Zone. If correct conditions for buys are justified on Lower time frame then I will enter.
Fundemental Basis : Wednesday High impact GBP CPI news and USD FOMC Statement is going to provide gush of liquidity and major runs to the upside can be looked for. This is because USD fundamentals are dovish Long term. Optimistic GBP news as expectations are better for the CPI numbers also makes it likely to aid bullish run GBPUSD in the upcoming week or so.
Legal Risk Disclosure ❗❗
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.