Long

Whales doing great manipulations again / Bitcoin to 11600-11700

Updated

Previous week candle closed as very bearish candle and most traders decided bitcoin is going to fall hard, here on tradingview there a lot of ideas about it as well. But I knew whales wont just leave it to market, there gonna be heavy manipulations for sure. In blue circle we can see similar bear weekly close happened earlier during this bullrun at 4200 level. Later bitcoin went sideways and continued bullrun. I expected something like this to happen again. But, well, whales manipulated price even dodgier than I expected. They did fake trend line breakdown, fake breakdown of 10000 level as well... Now it looks like they gonna push price to 11600-11700 at least.

Note

By the way I'm running tg channel where I provide free high quality BitMEX and Binance trading signals. And this idea is our current guidline for daytrading. Tradingview does not allow to post links, so search yourself on tg for "@Free_BitMEX_and_Binance_signals" or pm me for link.

Note

I'm also in process of creating trading educational course about anti whales trading, or about following thier manipulations. If you are bored of strugling with not working TA, feel free to join my tg channel, in the end of the month I will probably finish this course and everybody will be able to learn out of it and start trading much more profitable because whales wont trick you anymore.

Note

Price failed to pass red zone, now it looks like drop can happen without reaching 11600-11700 levels. In my tg channel we did some little profit on last 200$ upward move anyway.
Blue line break is 1st trigger for drop, 2nd trigger activates if price passes 11199.

Trade closed: target reached

All of a sudden price reached 11700 as was predicted in this idea. That was 100% manipulation pump with just few big spoof orders.

"Bullish" triangle that I mentioned in last update was another whales trick and was broken to downside as was predicted. In my tg channel we traded this dump even twice. Later on 11050 level some big buys happened, means whales were going to have some more fun, price was pushed back to 11400.
In the beginning of this idea I said "But, well, whales manipulated price even dodgier than I expected. They did fake trend line breakdown, fake breakdown of 10000 level as well... Now it looks like they gonna push price to 11600-11700 at least". Same thing happened since last update. Again whales manipulated price even dodgier than I expected, again they did that trick with breaking uptrend line and than pushing price back, different timeframes but same tricks.

Since trendline breakdown and price push to 11400 everything was weird and even though I thought whales gonna pump price eventually to 11700 as I expected in the beginning of this idea, we however didnt trade it in my tg channel because there wasnt enough confidence. But anyway during this idea was going, we did 3 successful trades on those price moves.

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