Directional Correlation with Traditional Markets + Manipulation?I am happy to see Bitcoin look bullish. Although a little disappointed to take some losses trying to catch flying knives.
What bothers me about Bitcoin is the correlation with traditional markets. To trade this market, it seems like it would be better to trade Bitcoin based off the S&P chart.
I feel like there is something wrong with this constant flow of large orders during this move. Some of the weird behavior I noticed during this entire run. There is a constant flow of 100-250k orders since this move started. The orders are triggered from Bitmix and Binance, then the other exchanges follow. I am seeing several of these orders every second each directional movement on S&P. When S&P cools down, the constant orders stop. But once S&P starts moving again, the orders start up again. Its as if there is some kind of F%#&ed up bot triggering large orders based on traditional market movements. There were a few reaction/liquid zones I marked as potential "Short" entries and none of them caused much resistance to this Bitcoin move.
Its as if Arthur Hayes & CZ are doing some sort of tag team manipulation to increase the value of Bitcoin. And funny enough, this is the most recent tweet from Arthur Hayes, "This is what happens with #bitcoin teams up with stonks. Thank you Chairman Powell. You keep hope alive!"
At one point or another, it seems logical for a significant pullback. But as long as S&P continues to rise and have the Fed backing the US markets as a whole, I will just take longs.
Thanks for taking the time to read this idea.
If you found it interesting, please support my efforts by leaving your feedback or questions below and upvote this chart.
Cheers!
These ideas are not financial advice.
Manipulation
Bitcoin - trade without emotionOptimism Pessimism hints at an Accumulation Period .
Force - Bullish Divergence with the price action, it can be invalidated at the day close if the price doesn't recover a bit.
Technometer - Bullish Divergence with the price action and going oversold at 40.25 (38 or lower is considered to be clearly oversold).
Momentum - Interest is slowly building up. The 🌈 Rainbow Momentum shows an upward tendency.
Future targets: 7500, 8500, 9500 areas.
Always make use of Risk Management .
Past performance is not indicative of future results, but...
BTCUSD 15m Looking Bullish, it'll Probably go Down First!BTCUSD on a short time frame (15m) is hitting new highs @ just below $7800 again and again - there's also a nice upward triangle formed suggesting the price is just about to break out above the resistance and continue upward.
Given that most players in the Crypto world would be seeing this same formation, and also considering market manipulation (it's rife in Crypto), we think BTC is about to retrace back to around $7500, this is where we would be placing our Long order, with a Stop below recent levels @ $7400.
This is due to larger players (banks, gov's, whales) knowing the majority of people will be going Long right now, so forcing the price down would remove these Longs from the market (hitting stops/fear of loss) and the big players can sweep up all the failed Longs at a cracking price and then (and only then) will the price continue along it's path above $7800, up to over $8000.
Stay tuned to see if our prediction hits the mark!
Good Luck & Happy Trading!
-theCrypster
TOTAL BULLSHIT!SOMEONE DOESN'T WANT YOU TO SEE HOW RIGGED SILVER WAS IN 1980!
CURRENCYCOM REMOVED ALMOST 40 YEARS OF PRICE ACTION!
SEE PREVIOUS POSTS! LOOKING INTO IT FOR YOU GUYS!
BTC/USD SUSPICIOUS VOLUME AND WICK LENGTH?Hello traders.
A growing concern for the cryptocurrency community has always been a drastic need for regulatory processes to circumvent price manipulation, which unfortunately clashes with the fundamental principal of decentralized, autonomous transaction that BTC was built to facilitate.
There have always been those who find ways to manipulate price and despite all current efforts, continue to do so for profit at the expense of speculators worldwide.
Do these high volume candlesticks provide any evidence to warn traders against possible manipulation on the horizon?
Stay tuned for updates.
-zm
EVIDENCE OF MANIPULATION!THE LAST TIME WICKS OF THIS NOMINAL SIZE OCCURRED, BUYING HAD BEEN BANNED (FOLLOWED BY BUYING LIMITS), THE VATICAN WAS SHORT SELLING THEIR METALS RESERVES TO SUPPRESS THE PRICE, AND THE CURRENT FUTURES PRICE SUPPRESSION MECHANISM WAS ESTABLISHED!
TETHER PRINT 1.53 BILLION USDT OVERNIGHT FROM THIN AIR!I spy with my little eyes Tether printing 1.5 B, yes BILLION USDT out of thin air.
Not only are the central banks printing unlimited FIAT to keep the economy afloat, we too are seeing USDT just being minted out of thin air in the Crypto universe. Now supposedly this is backed by 1.5B in Fiat US dollars but after seeing how shady Tether has been in the past, I personally highly doubt this is the case. Even if it is backed by fiat, that too was created with a click of one button so what difference does it really make?!
How coincidental this happens to be on APRIL 1ST LMAOO this whole thing really is a joke
I would not be surprised at all if we see extreme volatility and more pump and dump action come into the market in the very near future. 1.5B USDT is more than enough to give the market a good shake because remember that 1.5B USDT is NOT the same as 1.5B in market capitalisation.
For me personally, my plan remains the same. Sit back and watch this all play out, let this market properly bottom and let BTC form proper bottoming structure before going risk on.
Guys NEVER forget the 3 basic principles of trading and investing:
1) Preserve thy Capital
2) Protect thy Capital
3) Grow thy Capital
Or in other words…
1) Don’t lose money
2) Make Fucking sure you don’t lose money
3) Grow your money
These markets were made to take your money NOT make you rich. Never get so caught up in the 3rd principle that you lose sight and disregard the first 2. Without capital, you have no game left to play!
With that said guys, I’m very curious what’s your opinion on all this, how do you think this will impact the market? Be sure to let me know in the comments below!
If you liked todays little lesson and want more from where that came from please show some love by hitting that follow and like button!
EURUSD Short Swing PlanEuro is in manipulation prolly due to the global condition at the moment by this pandemic. Trillions and billions of moolah been printed out from global center banks are just an rotten news at this point and everyone is racing against to combat the virus and protecting their own plunging economy. System has already cracked and no idea how long it might be going this way. Debt rising eventually in all nations but could help escalate back the economy for some strong nations who are good at credit ratings. Sorry I was falling into macros by the way talking about euro technically it's been in a huge bearish trend for months or even a year in higher time frame. Don't get excited with ups and down in lower pictures young boys and girls. The reason only it was doing fine against king (buck) at small timeframes were when low yielding had charms like babe yellow metal in shine! I have figure out closely like a head and shoulder pattern in 2 hour resolution and I reckon if this pattern workout it might move price upward making the right shoulder. But....!!! a big but!!! If this head and shoulder doesn't workout in first place and price plunge lower with strong bearish momentum (after all the broad picture is either way a bearish trend) without making any sign of creating right shoulder then our short bias can workout smoothly. The good thing about this trade plan is that it's guaranteed that either you make money or lose money as it's so transparent that if price make right shoulder which will equal to stopped out! We got an edge i mean even if we get right and even if we get wrong we will know it clearly ahead that what we have to prepare for! Thanks for reading my idea and I hope you enjoyed and if you think it added some value in your trading don't forget to support me by hitting a thumbs up button! (LIKE)
ASX 200 1st April BOOOM Look at this monthly wick it’s dying to bounce up 1st of April is the new wick all the stimulus etc,etc,
#ASX200
#BTC
buckle up this market has a bounce incoming
Manipulated global panic cause the largest and most devastating destruction around the world and this market gonna go boom somehow 🧐
I’m somewhat dissapointed and a little saddened by the fact this literally all seems to be China controlling the world on a global economy and potentially doing it for BTC HALVING 🧐 just a theory far fetched but hey this year has been messed up enough, ❤️
Bitcoin - 10k- was just manipulated?Whenever I look at the Bitcoin long term chart, I get this idea: Can't it be that the 20k and 10k (crossed out on the chart) are simply manipulated prices? (Has already been suggested by @ J0E007). So we just have 2 long term downtrends? If so, it will only be exciting again in 2021-2022. Well, just a little inspiration and suggestion.
US dollar heavily manipulatedFrom one week, the US dollar is heavily manipulated by some big hedge funds. Usd-Jpy (blue) and S&P futures (orange) chart shows what is going on. Two markets always well correlated, in the last week at the collapse of the futures has corresponded a strong increase in the currency pair.
The problem is that almost all the funds have suffered heavy losses with the American stock market. At first, they closed all the gain positions (gold and silver in the first place) to plug the hole, and now they try to recover the losses by "stealing" money to small funds and traders (that is what a fund manager friend of mine told me).
That's why I'm flat right now.
Time traveling aliens changed the date of my prediction.I can't believe this. First they are making a mockery of our corn fields and molesting our cattle and NOW they are making me look insane by changing the date of my prediction from Mar to Dec. Look I'm sorry guys my tin foil hat wasn't tin foil all along. I was duped! It's aluminum foil!! Aluminum doesn't WORK!
Stupid aliens.
Again, I'm sorry, but these creatures are tricky. It' should go down again. Be patient the aliens are manipulating charts using time travel. $22 soon.
Retrace on GOLD! Still a safe haven, but slightly manipulated. There could be a nice pullback happening on Gold. I can see a tweezer top forming on the monthly and while this is premature in judgement. I think we should look at the last recession for clues to how gold and silver will be manipulated if only temporarily.
Key price levels to watch are: $1518, 1447, 1367, 1290, and 1180.
This is not trading advice.
Silver Trading Within A High Volume Node It would appear as if the silver price is being controlled, imagine that... You can see that it's clearly trading within the high volume node to the right more or less. The RSI is also controlled within that range so watch for the RSI to to break range for a true trend change.
Watch out for a break above $18.80 or below $16.60 and then of course wait for confirmation before entering. Please give a like/ Follow me, and checkout my other charts.
This is not trading advice.