Reflections on the current market movement
Let's leave for a moment a reflection of the bear - the bull and where we will be heading. We are still at the interface and something is always holding us there. Who or what is it? Let's notice the strange movements of the btc direction, its condition and the circumstances we see in the market right now. I say in advance that when BTC fell, I threw away half of my investment in a fiat somewhere over 40k and invested it again in the classic watchmaking renovation craft. What I see on the market is not exactly healthy trading. Where are the rules for paterns, values and calculations? I see head and shoulders 4 times and are we still climbing? Reject and fails that repeat at the same values. Why? Rejected bulls at 35k, ok let's try 34k. But not. Let's try 35k again? .... Let's also say BTC and trading is no magic or secret. It has its clear rules, assumptions and estimates, and yes exceptions confirm the rules and happen. But not always and often. So can anyone manipulate the market? I recently read an article that many mysterious whales wallet have started to move at the current crash. I wonder if all institutions buy BTC and there are only a limited number of BTC, so what's next? Will everyone accumulate and hold? A small person sells his one BTC to cover some living expenses and big whales immediately jump on it and buy it? What do they do with them, what are they for, why do they get rid of stock assets and invest here? Personally, I do not like this idea of BTC, but back to the current market movement. What I see is market manipulation. And I'll tell you in which direction. I see a slow percentage daily increase in BTC in small jumps, or sticking to the same values. However, this direction draws a lot of altcoins. I can see how the profits are gradually gaining on different alts and once there is a jump to another. Yes, I think that the BTC is intentionally kept in a very almost negligible incline, which is, for example, a rising head and shoulders rising right now. Wondering when BTC will go down? Easy ... Once the altcoins are overbought and they stop pumping. BTC pump rapidly to upper values when even fast alts are not enough and can no longer react. And it starts to decline and with that pushes the altcoins down too. Of course, here the dedicated traders and whales throw their levearage short levers, of course, again altcoins, or btc according to taste and greed. And yes, when they collect crazy money, we may be on that 20k retest. Therefore, be careful if there is market manipulation (and I definitely see it) there is for whales and dedication to make money on it. Not because they want your little btc cheaper. They want everything. And they earn the most with pumps up and down. Don't think it's in their interest to get BTC at 200k that's just a fraction of earnings versus manipulating down and up and altcoin profits.
So let's want a real crypto for us ordinary people that we will influence and use!
For living, banking, savings and of course payments. Stop banks and corporations, stop whales and lever traders. Real crypto for the Real World.
And if you want to get rich, start a smart business in what you're good at.
Are you asking me which direction BTC will go right now? I don't care - just like Bitcoin.
So let's want a real crypto for us ordinary people that we will influence and use!
For living, banking, savings and of course payments. Stop banks and corporations, stop whales and lever traders. Real crypto for the Real World.
And if you want to get rich, start a smart business in what you're good at.
Are you asking me which direction BTC will go right now? I don't care - just like Bitcoin.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.