BTC Obvious BartThis is the most obvious bart in all of bitcoin history. Dead volume, sudden spike in volume and price, then dead volume and slowly bleeding price with a curving down RSI. Really if you don't understand how this space is manipulated by whales and exchanges to liquidate both shorts and then longs, then you should move over to forex or something.
Manipulation
When will the Plunge Protection Team strike?That the Plunge Protection Team has been called in means there is big trouble! The PPT is a real lawful entity designed to manipulate the US Stock Markets. It is officially known as the Working Group on Financial Markets (WGFM). It was created by by President Reagan’s Executive Order 12631 in 1988 following the 1987 crash. Its purpose is to lawfully prevent catastrophic market crashes. All the above factual knowledge is available from reputable sources findable via your fav search engine.
This is both good and bad news. Those short in the market could protect their positions - and if they have enough guts take long positions for a limited period. It's not my business to say when to do this, as I have no advance knowledge of the future or when the PPT will strike!
Note carefully that my language above is speculative, except that Dow and Wall Street are in big trouble. This is now common knowledge as the fall in the market has well exceeded the respected figure of 16%. If/when the PPT weighs in it'll have to be with billions and billions of US-Dollars, as loads of people are likely to set up sell orders for the next opening of the markets.
That the PPT has been called in does not mean that they have a 100% chance of moving the US markets north.
It all depends on whether they have enough to push back the deluge of selling they're likely to meet. Nobody I know, knows exactly how the PPT works. Perhaps they will get first orders, beating back all regular investors from selling or shorting . That would make sense. If they are successful, Forex pairs especially those with Yen and AUD could be affected by indirect effect. What it would mean for US-Dollar strength, is another problem.
Note also that other countries have variants of the PPT, some operating covertly.
BTC manipulation. Big boys game vs Bakkt delays. What's next?
Hi everyone, I am looking to Bitcoin from another perspektive.
Why this drop happens in this strong months?
Why Bakkt delays Bitcoin futures launch?
Why is drop start one day before Bakkt info public?
Big players play with us and with hodlers, they want to BTC cheap, Institutions buy bitcoin cheap for your futures interest.
Is Bitcoin for 3-4000usd cheap enough?
I think that this players after 20. November just accumulate Bitcoins, new wallets with big transactions open after drop, this can be last chance catch this price.
Wallets: bitinfocharts.com
Look at second wallets or another.
If you have some idea about this or futures for price BTC or another perspective please leave in comment.
Dont forget likes or follow :)
Thank you
Today's Lesson (#5) : How trade possible market manipulations.Before playing that video, be aware that I'm a very agressive trader, which means high level of risk into trying to copy my trades. The quality in those videos comes out of their content, not just following blindly. I'll be trading this with low leverage as this is highly speculative. So please don't just follow blindly but just take the educational content out of this to learn how to trade manipulated market more "safely", still being aware that this remain high risky thing !