20k Before August? 75k Before 2020? So looks like 20k is within sight before the end of next month. 75k before the end of this year. Bitcoin was supposed to bounce around in that channel between the red top trendline and the green bottom trendline for a year and a half. We didn't double bottom we didn't double golden cross we skipped all that and we aren't going to slowly break our 10k 11.5, 13.5, etc resistances slowly over the course of a year. We're going straight back to 20k. IF in fact this same pattern is valid. And I just copied and moved the pattern from 2015/16 market to where we are now. See for yourself.
I was waiting to buy after a correction. But we did not double bottom, and a correction doesn't appear to be possible.
If they can print tether 100% pump bitcoin 200%, why not keep going? Who is gonna stop them?
Manipulation
Bitcoin Stopped Correlating to 2015-2016 Bear / Bull market It was a very close correlation for all of 2018 and into early 2019 between 2015 and 2018 bear market. But now that correlation has ended. As you can see we should have double bottomed on the 200 weekly moving average if we were still following the 2015 pattern, then have a 2nd golden cross and pumped 200% +. We skipped over that and have already pumped 200%. Thanks to tether printers. coinmarketcap.com
We should also therefore stop expecting a massive sell off in the markets, tether is a major bitcoin support. Lowest price will probably not even touch 6xxx anymore. Even though this tether printing has the exact pattern of the bitcoin price explosion. FOMO Joe was able to return to the whales 1 dollar for every dollar the tether printer pressed. FOMO Joe already pumped bitcoin higher than the parabola did in 2015. Tether only had to print 100% more for a 200% bitcoin ROI . Our major support is going to be that red and green trendline .
If we had correlated continuously we should see 250 - 350k by the end of this bull market. But now I suppose that target will be even higher.
Tether Bubble / cryptocurrency bullshit So yea...
As has been pointed out before this market is being driven by tether printing. You can see (unfortunately I can’t insert on tradingview) coinmarketcap.com
A 200% increase in USDT over a period of December 2018 to today and a 200% in price of bitcoin in the same period of time. If you wanna ride the whales, just go to the chart on coin market cap. And when you see the tether market cap go up try to get into bitcoin before they do! The trend is 1:1. Tether is being used to pump a bitcoin bubble.
Aside from that I think this market is totally illegitimate, people behind USDT and exchanges that use it to buy and sell bitcoin should all go to jail. Problem is internet is worldwide and these exchanges are hiding in 3rd world countries away from any jurisdictions which can prosecute them for manipulation.
If any of you know where you can trade your USDT for real money let me know! Cuz all I know is that these billionaires may be able to do that, but the little guy can’t. If you trust the good will of these tether co. Hiding in 3rd world countries away from the cops to buy and sell bitcoin to you, good luck!
Potential trade setup: EUR/NZD analysisPrice has rallied towards a key dynamic resistance for the 3rd drive, 1.72250 could be a key barrier which many sell orders may be filled at these highs, however we may see some manipulative price action at and therefore take opportunities on additional -sell positions at spike levels that could potentially tap the 61.8% fib level, overpriced region, before price reverses to our highlighted target of 1.7000-1.69000 for a major correction.
this could be a great risk-reward trade, 25 pips above spike and potential 200 pip move towards the downside, could ECB speech later
on today be the boost needed?
Trade Setup: GBP/AUD analysisprice has created its 3rd drive into the highs of that dynamic resistance price region that price previously tested. IF 4HR candle can close as a Doji suggesting indecision and potential rejection at the key trendline we could see price form a new higher low? and correct to the 1.82000 level (61.8% retracement zone) before accumulating buying orders to break the key trendline and reverse to new highs
- SL is set higher than our previous wick rejection, if price breaks above the resistance and closes above, it's likely that price could rally towards our long term targets of 1.85000
Risk reward ratio is 1:2
S&P 500 - potential for 2100 by Jan 2020In the upcoming days I'm confident we will see a continued rally in the S&P off of the news that Mr. Trump has solved "the problem" of the Mexico tariffs. While trying to remain as unbiased as possible, it is becoming more and more apparent that the current market news cycle could legitimately be subject to manipulation by Trump's continued belief that a strong market is indicative of his success in guiding the US economy. Seeing repeated bait and switch tactics on key economic policy decisions and the trade talks does not bode well for my confidence in long-term economic strength in both the real economy and the market.
Barring a true resolution of our engagement with China, I believe we are on course to see this head and shoulders pattern playout over the next 6-8 months. If the 2500 level breaks and confirms this pattern, a 38.2% retracement back to the 2100 levels for the S&P is certainly possible.
Keeping in mind that with such a long-term call as this, any major economic events that take place between now and then could drastically alter the circumstances that have preempted this view anticipating a continued decline on the major market indexes. I am by no means absolute on this position, and future developments will certainly be taken into account when assessing whether or not to maintain this position.
In anticipation of this rally, I will be working to assess when there is disparity on the premiums on long-term puts extending into 2020 on SPY. I hope to take advantage of potential price movement back into 290, to get cheap "insurance" on this market as I can cannot be confident in continued bullish momentum at this time.
GOLD - Are you ready for 1,400?GOLD has been playing out PERFECTLY
After the bullish flag / ABC Correction we received, we got a rejection off the longer term TL which has provided plenty of liquidity driving price up to the Resistance at 1345.
I expect price to pullback to the blue 50-61.8 sweetspot highlighted in blue, before another rally towards 1,400
BTC Retracement to 6,000 - before the next bull runAs you can see, BTC has gained a lot of selling pressure over the last few days. Perhaps due to bigger participants taking profits after we hit the psychological number of 9,000.
The ADX shows buyers are starting to gain dominance, indicated by the red line crossing the green line. And volatility is starting to pick up.
Furthermore, i have taken a previous move from the last major bullrun which is a mirror image of the current move.
History tends to repeat itself.
Furthermore, this matches up with a 50-61.8% retracement.
For even more confluence this would tap the psychological number of 6,000.
I will be cashing out my BTC into stable coins for the meantime, before a rentry after more confluence.
As it is still possible this could be a major fakeout, even though that is unlikely, i like to consider all options.
Conclusion -
Bearish momentum to the downside (6,000) before a nice upside move.
BULL MARKETS ARE BUILT ON BEAR BLOOD.
BEARS WILL BE SELLING SELLING SELLING. THE MASSES WILL FOLLOW...
THEN THE BULLS COME BACK TO FIGHT.
Happy trading.
Bull Market Is Inevitable - Steadily Approaching 10,000 USDHey guys I know I've been silent, especially during the most intense times of bitcoin in the past few weeks, I had personal matters to attend do, and plus I never had plans to FOMO into a parabolic trend anyway.
Looks can fool you, the parabolic trend looks like money, but its not. Sometimes the best trade to make is no trade, standing aside and observing is very wise, and I did just that.
And yes, we are steadily approaching 10,000 USD. However, we have a few loose ends before we make the next move. The history of this market will explain everything which is what I'll be covering mostly in this idea.
Summary:
1. Green Area
2. Red Area
3. Bearish Divergence
Whenever you look at a chart, it paints a picture, illustrating many things, this help us understand the psychology of the market, and as a result we can get a feel of what players are doing in the market based on its history.
1. The Green Area
So we got ourselves a steady and steep uptrend. The bulls are trying to killing shorts by continuously buying up.
This was the original strategy from the bulls when everyone didn't think we'll break through 6k, and how everyone was speculating about a new low.
Not to mention, we barely have any selling pressure, the bulls were leaving no room for sellers, whenever there was an attempt, the bulls would just instantly buy up again.
2. The Red Area
Alright, we've reached 8,500 USD and we now begin to see a change. The whales have decided its time for giant stop hunt, which is something we haven't seen in a while, they felt like it was perfect opportunity to punish the longs, which is a first. You got to remember that whales are famous for crushing people's spirits, especially when they get optimistic.
Now if you look at the price movement, its starting to look different. Its starting to look like a bumpy ride, and that's because we're getting closer to 10,000 USD, which is an extremely and psychologically crucial number.
Meanwhile, bulls are getting anxious. Its clear to me that we're seeing more selling pressure for a change. However, if you look at my yellow ovals highlighting those giant candles, it shows us that every time the market wants to drop, the whales are there to push it back up, supporting the uptrend. As a result, its only delaying the inevitable dump.
As you can see the whales are playing along, up until 9,000 USD. The whales then decide punish the longs once more with another stop hunt. They're trying to send a message to everyone that something good like this never lasts forever.
3. Bearish Divergence
I've spotted a bearish divergence which is strong evidence suggesting that we're heading down towards another drop.
The green lines on the chart is going on an uptrend, making higher lows, and yet green line on the RSI is going on a downtrend, making lower highs.
They both have opposite direction which leads us to believe that its a bearish divergence. All I can say is, something is going down, literally.
Again, it comes back to the whales, I believe when you have whales prolonging or manipulating these events, it usually causes severe repercussions later down the road.
Conclusion
At the end of the day, whales really do want us to go up! Its inevitable that we eventually go above 10,000 USD, leading us into the real bull market.
They will punish the bulls from time to time, but that doesn't stop their plans. When we get above 10,000 USD we will slowly see more FOMO kids, retail traders, and mommy and daddy investors entering the market again.
With this in mind, we'll ride the train as high as possible, until the whales decide to make a massive sell and disrupt everything like always.
Thank you for your time ladies and gentlemen, I wish you all a fantastic day!
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BTC, what do I know?This "bull run" (laughs) is a complete fabrication fueled by manipulation.
The top is most likely in, and it's all downhill from here. Bulls are in a state of elation and it's time for "them" to pull the rug. There will be a series of bulltraps as we fall down, with less and less strength as bulltards lag behind trying to long the "dips" until the reality of the situation sets in.
First target is 7k
Second is 6.3k
Third is 5.7k
NOTES
- Breakouts from the bounces from each of those levels is possible.
- Third level very well might not hold as sentiment will be heavily damaged by then
- We could be back in the 3-4k region by August
"They" will be laughing their asses off and reminiscing the execution of the biggest bulltrap in history.
This entire idea invalidates with a close above $8.7k, and the scam bullrun probably continues in that case.
Daily "Manipulations"So here is a perfect example how the Institutions operate on a daily and weekly basis and how order flow works.
We got this gap because the institutions trapped traders into the believe that price would go higher and many orders were stuck there over the weekend.
Then we got a small gap signaling buying pressure while in reality the institutions sucked in orders to build their position (maybe only short term in a bigger cycle). The gap also faked some people out because they believed that this was a valid double Top there. They then just went 3.5 Pips higher to trick people into more buy orders so they could prepare for the final big move.
Just another day, same methods.
Trading is all about probabilities and order flow that creates those patterns.
On the lower timeframes those "patterns" are unreliable because all the pending orders and such create heavy noise at important levels and those patterns are more a result of that noise and HFT firms than a planned move within itself. So we should stick to higher timeframe confluences.
But anyways, this is how it works.
Cheers
Continuation trade short 5/16/2019I managed to trade this short twice already and should still be in this trade. There is not much volume right now on the pair but thats partly why I like it. Less manipulated.
This is a continuation of analysis done two weeks ago and this week. Re entering short on current retrace up.
What do you think about CADCHF? Any fundamental reasons I am wrong or right? Lemme know
EURAUD Position ShortPair: EURAUD
Timeframe: Daily
Trade Type: Position/Swing
EURAUD is approaching the area where there was the huge manipulation at the beginning of the year to mitigate. A lot of people are in sells currently which makes the market more likely to push up to take them out, before a long term bearish run. AUD news approaching and I expect AUD to temporarily spike down in weakness before it’s bullish run.
#JSnipes
A possible result from current Bitcoin manipulation.I believe manipulation is in full effect currently as these exchanges are trying to cover their butts to liquidate leveraged shorts that have been stacking. As a result this will extend the length of our current bear market, cause a much faster and harder drop and possibly take us to lows lower than previously expected by even the most bearish of bears. Sleep tight! :)
Dont be fulled into thinking this a bitcoin bull run!The yellow graph represents shorts being liquidated. Exchanges are pumping as much as they have to in order to liquidate these shorts that would clean them out if left checked. They know a dump is coming soon so they have to push price up before of that drop can happen. This is not organic growth as we have broke though major resistance like a knife through butter. With Binance suspending withdrawals and FOMO increasing profits for these exchanges manipulating price it is a win win for them. There a bubble expanding and its on the verge of popping! shorts are dropping but they are still stacked, so while there is room to more further to the upside.. I suggest you all grab a parachute because when start to drop it will be a free fall!
Bitcoin medium term very bearishBitcoin medium term outlook (2-4 weeks) is quite bearish for the following reasons
- 1 week targets would be 4600-4700
-A break of the trend line of 4700 could see us head to 4100-420
-2-4 week targets would be 3-3.5k
-Long term 1-2 months, I expect us to hit the bottom of the channel , which is around 2K area
1.TD Sequential hit 9 on the Weekly. While in strong trends it can be ignored, we have to remember that we are still in a bear market till we make a higher high, which would be roughly 6500-6800 area depending on which exchange you used. This means the TD sequential is giving us an alert on essentially counter-trend pattern, making it very strong likelihood of achieving. This was substantiated by the rally ending at the TD 9 Sequentaiil
2.Spinning Top on Weekly about to form ( closes in 1 day)
-This shows price indecision at a significant resistance.We made a very strong bullish move recently but its likely that the bullish sentiment is waning
3.Rejection by significant resistances
-We got rejected by the 21 Monthly EMA resistance
-We got rejected by the 55 Weekly EMA Resistance
-You can see this by the rejection wicks
4. Extremely overbought Stochastic RSI, and modified RSI of length 3, overbought=95, and oversold=5, shows we went past the 95 resistance RSI area and are now back below it, showing we rejected the overbought resistance area. If we were extremely bullish , we would have managed to not go back to the purple area but we have, showing a rejection
5.Contrarian Investing0Go short when others are going long and calling bull market
-Everyoen is calling this a bull market
-Retail Avg Joe heard the bitcoin buzz and is now going to buy
-Remember the Crowd is rarely right. They are only right in significant trends. The 2017 bitcoin bubble had a huge frenzy between November to December and that was PRECISELY the top. So many retail investors got burnt
6. This rally seems to be artificial/manipulated.
-According to a article titled
-This rally was pumped by this huge whale market buying.
-The article specially states " anonymous trader who recently placed $100 million USD worth of concurrent Bitcoin buy orders on Coinbase, Kraken and Bitstamp probably triggered a ‘frenzy’ of automated buys,"
-Essentailly after a certain price point a ton of stops got triggered. This, along with a breach of resistance likely made bots auto buy and caused this tremendous rally
-This entire rally wasn't really the retail traders and bitcoin ecosystem showing renewed interest ( this would show we are actually transitioning to a bull market ), but just a big powerful whale
-He likely bought a ton of bitcoin cheap 3-3.5k OTC, then went on the futures market and likely longed x100 ( since he knows it can only go up ). Then decided to market buy 100M on these exchanges. After a certain price, likely 4400-4500, bots took over and began a buying spree to push us higher.
-Now, this same whale will likely market sell. And since retail things its a bull market, as soon as they see a drop of more then 10% in a span of a few hours, guess what will happen ( mass panic selling )
-This whale could likely be wanting to orchestrate a mass panic sell of bitcoin by trapping tons of bitcoin long orders and retail fomo in to cause a huge capitulation
You can keep up with my trading setups at
telegram-@CryptoFuturesGroup ( Its a public group, so just type in the username and it will pop up ).
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Kraken BTC/USD 1hr - Longs & Shorts - 4/9/19 1:30PM EDTNothing too exciting for now, however we do see the shorts creeping up a touch while the longs continue to flatline as is. A continued rise in the shorts with an increasing price might just mean there isn't blind and total faith in the BTC price increases at this point. If both price and shorts GRADUALLY rise, it's just caution with the masses - movement on the shorts is REACTIVE to price. If we see a SHARP move in the shorts this would be more indicative of ACTIVE play by the bigger players, similar to what we saw on the 8th with the sudden drop in shorts.
What to look out for:
If there is a sudden sharp move upwards with the shorts timed oddly close to a price increase with BTC then it is likely a setup. In that scenario someone would be stacking up their shorts while pumping the price of BTC to encourage some FOMO while they get ready to dump. Sharp movements in price or long/short numbers are the ones to watch, while gradual movements are the reactive players like us, just holding on for the ride.
Bitcoin Manipulation & Technical Analysis:
If anyone is doing technical analysis on immature assets like Bitcoin....just assume there's so much manipulation and the token volume so small you're trying to predict the future on a past with such a small sample size the analysis means very little. Bitcoin will get there, but the current state of the volume for crypto is a few major players on a few large exchanges poking the price around. And 267 fake exchanges copy those charts, candle for candle with wash trading from start to finish. We're not there yet folks, can't predict something that hasn't established a core set of players and predictable movement. The only shot is to try and see the motivations behind those that are moving the price around. Once we get enough real volume then you can trend patterns and analyze the past to predict the future.
Don't get fooled!!!Guys, I far as I can see, all the hype with the trend reverse is occurring too soon, according to all top-reviewers analyses. The big whales are accumulating and trying to cut the last strongest holders. This stupid manipulation is so obvious that it can't be taken seriously by anyone who has been into trading for some time.
I still believe that the price is going to get to the 1200-1600 level, to get the whales interest into reversing the trend.
*Be careful, trade safe, don't get fooled.
** I am not a professional trader. Just a guy who made 35k$ from scrap and almost lost everything. I have some experience I want to share.
*** This analysis is done only for educational scope and doesn't intend to advise you how to invest your money.