Psychology. Traps. The reason and the possibility of pump +8200%I made the trading idea about this coin about trading in the channel this afternoon, and I remembered the miracles on the roller coaster of 2.5 years ago on this coin. After all, such games rarely come across in the market to leave such a colorful mark in memories. You do not often see pumps at 19 and 82 x, after accumulating 88 and 100 days. The numbers are not random. Pumping was with an acceptable volume for such a coin.
In my opinion, the project is scam, well, like everything in the crypto world. I absolutely do not believe in anything. I have only cold calculation in trading. No sympathy for scam. In my opinion, all crypto projects including everyone’s favorite “anonymous”, “decentralized” “Beethoven” are frauds, making real money thanks to stupid bidders. But, in addition to “making money” for those who believe that without doing anything, you can become a millionaire. I think the naive point of view is that the "big brother" wants to make all the poor and lazy people millionaires. But they believe in it, because they themselves are such. This faith and inaction will lead to sad consequences. In addition to making money on fools, the crypto market carries more interesting tasks. Which, in case of success of the experiment, will become a reality and the poor will become even poorer, states will receive unlimited power and control.
But, let's get back to this coin. The legend of the project is Blockchain's solution for the global dental industry. The legend, unlike other promising projects, is supported by the principle: “Someday we will turn the mountains”, at least by their activity. Confuses a large number of blocked coins. Which at the time of "X" can bring down the price on all exchanges to zero. Therefore, this coin is not for holding, but for speculation from a good entry point to the planned exit or exit from certain situations in the market. By the way, not one "holder" could not sell not only on the 80X pump, but in general I doubt that 2-3X even on the accumulation price, although I can be mistaken, as after the pump I did not monitor the transaction. Why, I will describe below.
I started trading this coin in late October or early November 2017. Started by accident. On another exchange, I fell into the "trap" that was made on this coin. A book of orders, the entire history of purchases / sales and the trades themselves in the market with bait were also very cleverly made, but here one zero in the price was superfluous. So in a second I remember about $ 600-700 evaporated. I began to understand, I understood what was happening, well, what happened, what happened. By the way, this case in the future made a lot of money, as this action began to be used en masse at one time mainly on exchanges such as Binance and HitBtc when listing coins. Each manipulation against you, with the correct understanding of the essence of the work, can be turned into a weapon against the manipulator.
Everyone can be wrong, including you. Your mistakes are an invaluable experience.
So the initial acquaintance with this coin was not very pleasant for me, but very useful for work in the future. Then I found where this coin is being traded with great liquidity and without "surprises." It turned out the HitBtc exchange. It was evident from the work on the coin that someone on this exchange was gaining a position on this asset. I quietly started to do it too. Immediately in my work I had not a small amount, but when I understood everything what was being done and on what scale, I substantially added money. Every day +10 20% to part of the position. Not a coin, but a cash cow. Paradoxically, no one wrote about this coin anywhere in the chats, including the exchange’s trobox. It was a taboo.
I will say this, this pump at first at 1900% then at 8200% for the majority of those who stuck to this instrument of trading was a big disappointment. Before the growth, after 1.5-2 months of work in accumulation with strong volatility, I increased the initial amount of entry many times. Traded inside the day. At first I copied the actions of the “major player”, but when my position on the coin grew decently - teamwork through numbers. The work is clear, not complicated, without risk.
But the elephant climbed into the market and began to tear down the walls. Perhaps this "elephant" was this major player or the exchange itself. At first, we wanted to keep the price from rising in order to keep the price in the corridor. But nothing came of it. Money forces were not equal.
The biggest disappointment is when about 70% of the position was thwarted by + 300%. I didn’t think that it was possible, as the position was not small, that’s buying + 300% as an obvious not healthy thing. But what happened, it happened. but then the price was pumped up + 1900%
All further price movements I had to work with those coins that remained. It is good that the high price gave a larger spread, and therefore more freedom to manipulate work within the day. Played by what was left. Gradually increasing the number of coins on rising prices. At any moment I could leave the market, like any exit price - for me there was already a profit. Above + 1000% of the accumulation zone the game stopped, I already had enough. That and the liquidity to work a large amount was not there already, the games began for the schedule, but not for earnings. Then the green light is very greedy and stupid people.
Be less greedy than other people and as a result you will be richer than other people.
Let me remind you that the price soared by more than + 8000%. Why did this happen? Why did manage to raise the price? Why were there mostly inadequate buyers, but no sellers? There are several reasons, I will partially describe what happened so that you see similar manipulations in the future and know what to do and what not to do. By the way, similar manipulations are now happening on some coins, I won’t write the name, how it will look like an advertisement. I don’t need that. But, or will they be able to repeat this? More likely no than yes.
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THE REASONS FOR THE HUGE PRICE GROWTH AND THE ABSENCE OF SELLERS.
1) "Killing faith" in a long downtrend. 88 days from the day of listing. The course is just down. (but only for the hamster).
The main thing is to "kill faith" below, "give faith above." In the market, as a rule, those who in the “non-faith” phase say that they do not believe in perspective, in the “faith” phase they will most likely acquire. The world is cyclical, events go in cycles, the flow of the crowd is cyclical, the thinking of the governed lends itself to cycles.
2) Manipulation of the exchange with dcn / eth and dcn / btc pairs. This was the most important manipulation of the discharge of passengers. It was not possible to lower the price; nobody wanted to sell. They were not going to leave even at + 30% and above. In order to strengthen the dump, they announced a delist from the exchange of the dcn / btc pair.
It’s not the understanding of people that they really do not affect the price movement, but are just fuel in someone else’s game, which makes them this fuel for movement.
Whoever had a big position and the corresponding amount of BTC for the terrible visual presentation for hamsters put up walls pouring in them every time a huge sales volume with a gradual price rushing. At that time, the exchange blocked specifically on several days coins on the exchange’s account with many traders. But the panic sat on. Everyone wanted to leave the market, because it was very painful to watch how the price goes down. But they could not do anything, as for "technical reasons" the exchange blocked coins. But major market participants (perhaps the "exchange itself") held the idea of "killing the faith."
3) Bad news in front of the pump . There were a lot of big transfers to the exchange from wallets, many holders also surrendered ... Let me remind you the input / output was opened, but the trading account on this coin was blocked due to the fact that the dcn / btc pair will be delisting soon (those with orders were in this pair). Then, just before the delist of one of the DCN / BTC pairs, when the price dropped significantly by the game, all the accounts of the "traders" were unlocked. Naturally, everyone tried to sell on the market, because soon they would not sell where, as on the other pair there was no liquidity at all. Those who bought up naturally put up weak buy orders, so that hamsters had no hope of a price reversal.
A well-run crowd works like one very stupid person.
The interesting thing is the psychology of the crowd. I’m sure who sold “To get out at any price” after less than 3 weeks they bought from + 1000% and probably many people really got apathy for trading and a feeling of “lost profit” when the price during the pump reached + 8200% (82x) . It is probably painful to realize when you sell at a loss at the lowest price before the pump, and after such a short time you see such an increase.
4) Closed the input / output of coins before pumping coins naturally for "technical reasons". So no holder, with the exception of those who transferred coins to the exchange during the dump and did not have time to sell, could not use this pumped. Holders as always in flight ..
The more stupid a society is, the higher the percentage of earnings in it is for those who are smarter. Do not be one of many, be one among many.
5) After a while, the pair that was delisted from the exchange - DCN / BTC appeared again on the exchange.
6) Good news when pumping. On Twitter, the developers published the news in the manner: “DCN is the last hope of mankind” or “DCN will become the new Bitcoin” and similar nonsense in this spirit. In telegram chats, a similar FUD was also widely used. But the news has never moved or moved the price, they always move with money. News without money does not work. True, the crowd is convinced of the opposite.
6) The first pump at 1900% (19X). So called "Hamster Pump" , but my tongue does not turn + 1900% to call a hamster pump. But in this situation on this coin it was. I think any sane would go out without slowing down at such a price increase.
Then, after this pump, another pump happened, from the accumulation zone + 8200%. There were definitely no passengers on this pump anymore, therefore it was possible to raise the price in such a way by buying out own orders and making appearances of trade by luring hamsters.
Your first enemy is a lack of experience and knowledge. Your second enemy is greed and a sense of lost profits.
7) The presence of a lot of money from those who controlled the price. Without a good amount, this was not possible. You also need to consider that in addition to money (btc), it was necessary to have DCN coins "two or three bags" in order to direct the price. I think you understand who in this situation is the biggest player and initially has the most coins. Without an initially large position, it is very difficult for a trader to accumulate a large position in a short time, although in exceptional cases it is possible.
8) A clear, thoughtful, phased work plan for the manipulators in advance. Good knowledge of the psychology and thinking of the crowd.
This is an old thing, but it is possible for the conscious work and understanding of what is happening in reality in the bidding you will find this information useful. I think you understand that the exchange itself is partially involved in this manipulation. I do not think that exchanges will no longer sin by such manipulations. Be careful, be smart, don't be a herd.
If you understand what is happening in the trade - take part in the trade, if you do not understand - watch from the side.
I wish you all productive study and great profit in trade.
Manipulation
UPDATE: EURUSD Long MANIPULATIONAfter this clear manipulation candle closed back in the range, I'm confident price will now rise.
Bear in mind we are at the bottom of a long uptrend, there is a lot of weight on the market, please use appropriate risk management for a reversal trade.
Let me know your thoughts.
Active Price Suppression in Action1 Minute View
Alameda Research was trusted with 2.7 Billion REEF on March 8th, paying a 20% discount on what was already a fair price, on the grounds that the upcoming project would garner the support of FTX and the Alameda team. On that day, the monthly volume weighted average price was about $0.037035/REEF which means that they had an average position of approximately $0.029630/REEF. On March 15th, most if not all of their coins were dumped onto the market in what is most likely an attempt to bring the price below their original entry in order to not only profit, but to retake their original position or a more advantageous one.
In general, the volume weighted average price acts as a resistance line that flips the acceleration of the price movement into reverse. Institutional trading groups such as Citadel, Alameda, and pretty much any successful hedge fund will use this indicator with higher regard than others. In order to influence the confidence rating of a price movement, there must be significant volume behind the movement on the most active platform trading it and with 2.7 billion units of fuel they had no problem robbing the general population of traders with most, if not all of their holdings. The monthly VWAP was on the verge of rising to continue REEF's bull cycle and Alameda knew it. In order to prevent this, they suppressed the VWAP bounce; locking it into a short, downward cycle by manipulating the moving averages.
A strategic investor knows how to facilitate the growth of a coin's market cap and how to take profit at the same time with responsible dumping techniques. This was no nurturing investment and it is plain to see that it was all just a quick OTC cash grab by Alameda. Startups have also forced the facilitation of growth by enforcing a token unlock schedule to avoid complete and immediate rugs. While the REEF team's inexperience and naivete are definitely contributing factors to this mess, Alameda's malicious opportunism is ultimately why this happened. I don't think that the REEF team will be so careless as to let this happen to them again, but the scars on the charts are going to stay visible until they heal over time.
To any upcoming team of cryptocurrency engineers and innovators, I have to warn you. The only thing I learned about the whole $REEF fiasco is that doing business with #AlamedaResearch is a liability to your coin. Give them no special consideration and make them buy from #uniswap liquidity pools like everyone else. #boycottFTX
Disclaimer: I have a relatively small, long position in REEF that is 20% above Alameda Research's position. I was not aware of Alameda's interest at the time of purchase.
The GME Fiasco Demonstrates the Need for RavencoinYou are probably aware of the unprecedented events surrounding Gamestop stock, retail investors, a potential short squeeze, and market manipulation by institutions. Thousands of retail investors like myself lost out on what could have been hundreds of thousands of dollars in gains on GME stock due to illegal abuses of the influence that brokerages and hedge funds have.
The legislation is already in place to prevent the naked shorting that led to GME being shorted 140% of float, but it still happened. The legislation is in place to prevent the unbalanced and severe effects that Robin Hood had on GME stock by blocking buy orders for GME and not blocking sells. But it still happened. The potential for the short squeeze was a mathematical inevitability, and even now the brokerages admit that the price could have climbed into the thousands, had not the price been tanked by the halt of buy orders. But it hasn't happened, and may never happen now.
We may see some punishment doled out for this, but we'll never see the money we should have made, which for most retail investors would have been life-changing. The issue therefore is not with the laws, but with the limitations with law itself. Rules against this kind of inequitable market influence and mechanical control over trading are not sufficient to prevent it. The only thing that can truly prevent it is that the conditions for this inequity don't exist in the first place. That is what decentralized finance provides.
The cryptocurrency Ravencoin (RVN) is commonly referred to as being to assets (like stock, gold, art, etc.) what Bitcoin is to money. Ravencoin is built such that asset tokens can be created to represent real assets, either in the generic sense (i.e. many identical gold bars) or in the specific sense (i.e. particular works of art within the larger asset of "art"). Such a system can be used to distribute, buy and sell stocks. It could be also be used to distribute dividends, and even potentially handle the options market.
Were such a decentralized system in place, no institution or individual would have the power to shut down the activities of other traders or manipulate stock in the way that Robinhood and other brokerages have in the GME fiasco. Regardless of the laws in place, this wouldn't have happened had the stock been represented by Ravencoin assets rather than paper certificates. As the continued democratization of finance grows and more average people enter the markets, the protections that cryptocurrencies and decentralized financial systems offer will be more and more crucial in pushing that forward.
I have invested in Ravencoin not only because of the potential profit from that growing movement but also because I like technology and believe in the principles it can be used to uphold, of fairness and liberty. If you got into crypto now you would still be early!
Disclosure: This is opinion, not advice. I have positions in both Gamestop and Ravencoin.
AUDUSD: Bulls are not done yetHave we trapped enough retailers to sell this Bull market?
If yes, then buy now and,
if not then lets pullback down a bit more to trap more sellers and then make new highs.
Cheers!
LONG on Quantum Scape once wave 2 is confirmedWe got a 13% move to the high of the day and we took an ABC back 4% and now volume is coming in again and I think we will see more action to come over the next two weeks as they prepare to release their delayed easrnings. Always wonder when a company delays earning why and the reason behind it. These guys are being sued by 3-5 different law firms for supposedly misrepressenting their products abiliries so if you bouight any of this stock in December of 2020 you can join one of multiple class action lawsuits being filed. I think they will try to get the price back up over the next two weeks and if the earnings are what I expect the price could come back to the $60-$70 range and that will pretty much wipe out the complainers who bought in at $77. If I they don't then their plan is to release bad earnings and drive the stock down to $30 and use the money shorting this stock to pay the lawsuits and fines. As always it's a win win for the rich and scandalous. BILL GATES IS A MAJOR BACKER OF THIS PONZI SCHEME TO DUMP THE PRICE. VW IS ALSO THE OTHER MAJOR BACKER . QUANTUM SCAPE IS JUST THE BATTERY MAKER AND VW IS SUPPLYING THE BODY AND FRAMES AND SUCH. EITHER WAY WE HAVE 2 SCENARIOS DOWN TO $30 OR UP TO $47 IN THE SHORT TIME FRAME AND MAYBE HIGHER IF WE GET A CONFIRMED 12345 IMPULSE WAVE. BUT IF WE GO INTO AN ABC THEN EXPECT MORE BLOOD!
Bitcoin it's drop!!! That was a bear market trap!!! Waoh, today I see that Bitcoin make invalided this analysis for long position from the #31,000 USD that in the past days, we earn profit until we see the same day a strong rejection and now, BItcoin it's drop!!!
This it's the bullish rising wedge and as we noted, we make a fake break out of this pattern and well, now, Bitcoin it;s leading again the $31,000 USD. But if Bitcoin break down this level, my next level it's to watch a Bitcoin at $27,800 USD, but we use Fibonacci in Daily chart becuase we coudl see any possible entry in the $27,800 USD support important or the 0.618% of Fibonacci, in the price of $26,100 USD approximately to entry to long position!!! I do not going to trade Bitcoin until we see any confrimation if we break out the level of $31,000 USD, I will going to short Bitcoin toward the $27,800 USD.
i'd like more this timeframe at 3 Daily chart. As we are into this bearsih channel, we could see a next long position in the near term.
In summary, Bitcoin it's drop and we see a fake out of the break out of this bullish rising wedge and the price make rejection in H8 or Daily timeframe if we look with very carefully the price action that they speak us. And then, I do not reccomend to short now, just wait for the next entry in long to $31,000 USD again or wait any break down of this level to short Bitcoin toward the $27,800 dollars.
Guys, if you like this plan and overview, please comment below what it's your plan?
Wall street continues to manipulate marketCEOs still decide to put thousands of dollars into random stocks and raise the price of stocks. do you think there trying to manipulate the market or they just want to invest?
A historic and unprecedented example of market manipulationIn an unprecedented move, today a large number of brokers has committed what many consider to be blatant and transparent market manipulation and defrauding of their own clients. The list includes Robinhood, Interactive Brokers (IBKR), Merrill Lynch, Webull, Tastyworks, Trading 212, and ETrade among others.
They did so by going through with a coordinated effort and simultaneously forbidding their clients from buying a handful of stocks, most notably GME and AMC. Thus, they took millions of buyers away from the market, creating an environment in which only selling is an option. When virually all investors can only sell a security, and buying is removed from the equation, as everyone would assume, the stock drops.
The move came a day after numerous large and powerful hedge funds (some of which it has to be noted, own and control large portions of some of the affected brokers, or have other business relationships with them) were exposed as having already lost billions on shorting the stocks in question. As such, the motivation of such a decidedly lopsided halt is on its face highly suspicious, unprecedented, and has cost the affected brokers' retail clients billions of dollars collectively. It is being reported that lawsuits are already about to be filed due to this event, against both the offendors and as an effort to prevent these practices from occuring in the future, with members of both major US parties and numeroud high-profile investors speaking out about the manipulative act that occured today.
However, there is still no word on most of the brokers' future plans on lifting the "one-way halt" or keeping it in place.
FOREX MARKET MANIPULATION - BIG BANKS🎡 FOREX MARKET MANIPULATION 👾
What is the first thing you learned when you started your journey in the forex market?
I will answer for the majority, Support/Resistance, trendlines, chart patterns and etc
Have you ever asked yourself why is it so common?
When we are introduced to the foreign exchange, we are thrown in a deep ocean with a lot of sharks.
Unfortunately for most of us, get eaten alive by these sharks.
We are thrown in the ocean without any clear context or a clear understanding of who is in charge behind the scene.
It is very easy to get lost in this deep ocean if you don't know where you are swimming to.
You may be diving right into a trap that the sharks intentionally made..
You won't even notice that you are lost.. the ocean is that deep.
Now ask yourself, do you think (you) as a (swimmer) in the ocean have more knowledge than the sharks that had been in the ocean before you came?
As crazy as it sounds, many traders believe they do and this confidence leads them to bad decisions.
New Trader Journey Timeline =
"Searches on the web" ---> "gets greeted with" ---> "learns a strategy" ---> "strategy fails"
---> ---> "looks around" ---> "learns a new strategy" ---> "strategy fails"
Sharks/Devils Timeline =
"Distribute false knowledge" ---> "give a false sense of hope" ---> "plant the trap"
---> "show the chart patterns" ---> "Trader left confused."
Retail Trader Development
(I want to trade) --->(Give me a strategy) ---> (It doesn't work)
Pro Trader Development
(I want to trade) --->(This is how the market behaves) ---> (This is how we will exploit it) ---> (I'm improving)
It's 90% mentality when it comes to trading the market.
You don't make the big moves, the banks do.
You have no control over any move, the banks do.
You are in no position to move the market by any means, banks do.
You are taught this basic information intentionally, by the devils.
You are falling into the traps of the sharks, they show you the patterns you are taught.
You are trading at any set time, you have no real strike time.
Once you understand that (You) are in no control of this market, you will start to think differently in many ways and build an anti-devil strategy.
As much as it is important finding the right entry, it is also crucial to find the right tike to strike.
Stop looking at other traders, because I guarantee you they are also a victim..
Focus on you.
NZDUSD long idea Daily Breakdown:
1. Raid of daily lows - followed by a
break of daily market structure =
QM fractal
2. Price retested daily order block
(RTO) before dynamic bullish PA
3. I'm expecting daily high to be
taken, then a potential push to
0.74000 fib extension level
USDCAD SHORT I'm anticipating an pullback towards recent swing high completing somewhat of a M pattern to finish off the week . I believe there will be bad fomc data wedns so the banks will pull back and set the market up for the fall . Price is now currently testing a previous swing. i will ignore this trade if does not give me a pull back towards the high. I trade forex daily like and follow for updates and posts on trade ideas in relation to forex in near future !!
GBP/USD Institutional TradingHello everyone!
I am sharing this possible next trend for the British Pound against the United States Dollar.
We observe that there are many zones were liquidity has not been taken yet (at the bottom of
the wicks marked with €), while many of them were hit (x). This is why institution are probable to point towards that liquidity pool
in order to gain from other retailers stop losses.
Analysis were performed on the smaller timeframes as well.
Personally I am aiming for at least 3 clear entries as I reported on the charts with a very little stop loss.
Since we do not have all the tools that big institution have I advise you not to jump as soon in the trade, but wait indeed for confirmations.
FX:GBPUSD
GBPUSD SHORT STILL HOLD MY SHORT BIAS ALTHOUGH WASNT AS MUCH CONVICTION AS ID LIKE TO SEE OFF THE MOVE YESTERDAY, A FINAL TEST OF THE HIGHS BEFORE A SELLL OFF WOULDNT SURPRISE ME SO ILL BE LOOKING FOR THAT SWEEPING REJECTION WITH RSI DIV
BITCOIN WHALES COME UP FOR AIR. #2021 has just begunHere you see what happens when we have a bitcoin shortage, and more whales are looking to enter the market. This seems to be pure manipulation so that whale cultists can get in at a lower prices. Price may keep going down, but I wouldn't panic folks, as it will most likely recover soon. HODL for the win baby!
POTENTAIL FEAR DRIVEN SELL-OFF GBPUSDPOTENTIAL FEAR DRIVEN SELL-OFF ON GBPUSD. LOOKING TO TAKE LIQUIDITY FROM LOWS AND POTENTIALLY 4H EQUAL LOWS. WITH GREAT RR
EURJPY POTENTIAL WYCKOFF ACCUMULATION Potential manipulation before mark up phase and mark up trend following
GBP/JPY Long Setup / Trend Continuation / Retail ManipulationI am liking the look of this potential setup we can see retail accumulation in the form of relative equal highs and a consolidation range breakout. The target would be the 2 daily highs as many people would be leaving their stop losses above this area. Enter at your own risk.
Possible BULLISH and BEARISH scenarios for the CORN. Potential "W" formation forming here.
Looking for a bounce at 81.8% FIB RT, followed by a candle body close above the 50% ($34.5) to confirm a "W" bottom pattern and BULLISH CONTINUATION.
If PA does not close (1hr min) above the 50% (local) FIB RT, the probability of a move down to support at $19.5 becomes much more likely.
A 1hr close below the 81.8% FIB RT (local) would add confidence in the BEARISH SCENARIO playing out (Head and Shoulders) with a 34.5% corrective move.
There is a lot of confluence supporting the BEARISH CASE here with a retracement down to $20K, but the FUNDAMENTALS are screaming "THIS ISN'T OVER UNTIL THE FAT WHALE SINGS".
The only thing to do here is to WAIT for identifiable structure to develop. If this is indeed an ACCUMULATION CYLINDER prepping for a HUGE MOVE to the upside, PA should start showing some bullish signs soon.
Things to consider:
BULLISH:
- DXY rejected at the 90% resistance and is currently below the 21DEMA (90.2% INDEX) and could be headed much lower
- TOTAL MKCP has fallen under $1TRILLION
- BOND Market continues its DIVE to the downside, down 1.6% since 08JAN21
- Guggenheim Investments' N1-A is effective 31JAN21 (www.sec.gov)
- Retail FOMO is just getting started
BEARISH:
- MPI is showing a local top
- Last RE TEST of 21 WEMA was 21SEP20
- Strong (RSI) BEARISH DIVERGENCE on the weekly SPX
