Bitcoin cycle update: this is not a "triple bottom"This is a continuation of my "Bitcoin absolute worst case scenario, possible bottoms" I would recommend looking at that to explain this a little better. Just waiting for institutions to take the short positions for themselves distribution consolidation pattern until we get a nice big drop.
Bitcoin-manipulation
ETH - BTC Market is 50-50 bearish/bullish today.. what now?Been visiting the BEST TA pros on TradingView
No one is certain which way we are going.
Indicators and Fundamentals are all over the place.
Will be reporting more on this as things develop over the next few days.
Manipulation Report:
I see evidence of SHORT TERM manipulation by AI bots
This is NOT major... and the big manipulation forces seem to be waiting
For what, I do not know.
Bitcoin - ETH - bottom is coming...I have been visiting many TA rooms
currently, I follow 27 members
And most are getting it wrong
Many spotted the crossing of 100 ma and 50 ma
Which means a huge SELL signal
Well manipulators would act on that, regardless
But then too many people I follow stated that we would have this big bull play
We did not and instead fell to the lower support area that was 100 more than the bottom we hit in April
Then we bounced
because THAT IS WHAT HAPPENS when you hit a support area that is hiding a lot of buyers
We rose, but it was just a blip on the yearly chart (if you look at yearly, which most do NOT do)
And now we are poised to continue the drop to the bottom.
Where is bottom?
My next post will cover that.
ETH - BTC June 5-30 Forecast - a Wild TheoryThanks for your interest in WILD THEORY
Characteristics and the Basis of this Chart
- Forecast lines are Fibonacci in nature, not true TA
- A retrace like this has happened before on a smaller scale
- Pattern 'cloning' such as this one occurs on a regular basis
- Low probability of occuring, market fundamentals do NOT support it
If you are interested in hearing more about WILD THEORY
- Origins
- Questions and Answers
- Summaries
Then I suggest that you follow me....
and then go back and READ through my past 9 IDEA publications
READ ALL THE COMMENTS within those ideas...
Because that is where I write pages and pages of details.
Bitcoin and ETH - consensus on a play Upward is probably wrongHello Folks
Who is TEAM EVIL?
I still haven't had time to write the story behind them and what their plans are for the ENTIRE PLANET.
If you have NOT been living under a rock, you know my manipulation theories are proving to be true in the news.
However, people are still laughing at my larger conspiracy theories.
Nor do I really care...
As long as my forecasts make ME money, I laugh all the way to the bank.
Note: as an altruist, I always share my knowledge... anyone is welcome to explore what I reveal.
It does take some skills to find the Wilt Theory patterns BEFORE they are completely obvious.
And the chart above, well it's obvious that TEAM EVIL is repeating an a previous play.
NOT abandoning TA... but it seems to be good very short term at the moment...
Some TA is still required for general hourly movement predictions..
but the fate of Bitcoin(BTC) and Ethereum is already sealed for the next 6 months.
Be Careful When Others Are GreedyBe Careful When Others Are Greedy
There are still too many who think we'll break $10,000 soon.
I think we'll see one more drop again after the correction, so the Bulls should finally be bearish again and be scared.
However, the current upmove could go to $9,700/9,600 before we see the drop in the $8,000 area.
After that, the long-awaited break out of $10,000 should come.
But it may take a few days until then.
Note: The targets may change over time, but I'll keep you posted.
Next Target Breaks $10,000Next Target Breaks $10,000
I only do this idea because my last one is most likely wrong.
There I gave you 2 scenarios that are not correct, because I assumed that Bitcoin will drop a little further.
Sometimes it's good to hold back and see how the market behaves.
And it looks like the correction is over sooner than expected.
Nevertheless, this is a pattern, which I have already suggested in the last idea, a running flat.
As a result, the yellow box is still the zone where we need to be careful.
In my opinion, despite the drop, there are still many longs open, and as soon as we break the $10,000, it'll be more when I look around Tradingview.
This is the perfect moment for smart whales to sell all their bags so the price should not rise any more.
But we should first see how the market will react.
It is too early to make such a prognosis.
For now, the market should be bullish for a few days.
Note: Altcoins should go up one more time.
How Manipulation Reduces YOUR MoneyIf everyone now thinks that all these manipulations are new to Bitcoin, then I can not agree with that.
All these manipulations already existed in 2013/14, where Bitcoin also fell by about 80%.
This manipulation also came as everyone expected a pullback at $10,000. What happened later? We were rushed through this milestone like anything else.
Even the upmove to $20,000 was pure manipulation. Nobody expected anything like that.
And now to all optimists: We will not reach a new all time high this year. We will continue to correct and we will most likely break the $6000 or at least see a sharp downmove before we go up again. This is what a correction looks like in every market.
All this will continue until almost nobody has money available or no desire to market.
Manipulation is part of the market. That has always existed and will continue to exist.
BITCOIN: obvious manipulation on the 30min candlesIts really a strange pattern for some whale manipulations here. We see a 24h P.n.D (pump and dump) game and then the start of a short term upwards regression trend channel (at 10°) that lasts about 48h. This pattern has repeated now 2 times with a very high rate of accuracy (24h p.n.d and 48).
I dont really know why "they" (whales, exchanges) are manipulation the price in this pattern. But my guess is that they have some common target and this could be the consensus 2018 conference . (14-16 may)
Let me know what you peeps are thinking of it. If this continues we would see BTC price ranges between 10.4k and 11.6k right before the consensus 2018. If true.. expect a dump afterwards!