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Manipulation

BITCOIN CLOCK IS TICKINGPure technical analysis are saying just one thing: Bitcoin ready to explode. Countertrendline broken and retested with multiple wicks and a new trendline is formed. Two Fibonacci retracements confirmations and moving averages crossed. Waiting for a manipulation wick to the 10,000 region before we start rocketing up. Cryptos are still young in the market and have a way very long road to go. Check my setup out and leave a feedback in the comments. Profit taking zones are market in green, fib retracements, wick regions etc. #tradesafe #theforexdaddy #tfd
BITFINEX:BTCUSDLong
by theforexdaddy
2
Liquidity Traps, and hidden ordersTraps : When price is manipulated in order to capture liquidity, with misinformation, for instance in this case the buy orders @ 139.800 were completely hidden from the market, meaning information is not available at all for retail traders, why did they do this? In order to accumulate liquidity and give fake hopes to buyers, accumulating all positions with "Fake triangles" and fake breakouts. And then killing all... What is what I noticed that gave up the trap? 1) The price entered a big resistance level with many open sale positions on the oder book, so it was extremely hard to break, however the price was still trying to go up 2) The price wouldn't go down, thing is different as why wouldn't it go up (of the huge resistance sellers had with open orders), there was no open buy orders @ 139.800, yet the price was not going down, this meant a huge hidden buy order was doing the dirty job... 3) The price entered a range, usually after finding such resistance, the price will fight a little and then fall straight down, well the price not only fought, but fought for 7+ hours, and accumulated around 4.7% in the range between 139.800 and 139.850 of all buyers in this zone. Not any sellers, why? Cause they are not going to kill sellers... The manipulator is a seller 4) Fake symmetrical triangle and resistance breakout, the price did go up, however for all the liquidity trapped in this zone the price should have exploded, not moved that little, overall even find some resistance like it did after breaking the symmetrical triangle We are never shown the whole picture as retail traders
Education
by EmilianoMesa
1