Bullish Ascending Triangle or Elliot Wave patternsClear patterns forming (too?) often on all time scales recently... Repeating fractals candle per candle... Suspect the whale bots are manipulating in full force. Sad. As an early adopter and technology nut (not investor), I hate to see the greed and Wall Street Wolf's dominating the trading so completely. I cannot see ANY influence at all from my fellow 5+ year crypto hodlers anymore. It's all just Wolf graffiti on the charts now.... :(
Manipulation
DGD/BTC - Breakout Part 2Hi all
I covered DGD/BTC prior to the most recent breakout (35% increase), and noticed a Volume/Price divergence (as indicated by the VZO).
I've returned again to show you that the same situation is occurring on the H1 chart. Price has trended sideways (2% increase) over the last day, and yet the VZO is showing a huge buildup of bullish pressure. To me, this is a classic breakout signal. However, the indicator that shows us Bittrex long/short orders is highlighting that people are betting on a price drop. This doesn't mean they're right (or wrong), it's just something to be aware of. There's also the important point that it's a different exchange than what we're looking at, so that could explain the difference.
So in terms of a trade, if you're aggressive I think the signs are there for a breakout, so get in now. If you want to be more conservative, wait for a solid break upwards that is accompanied by a volume increase. I'd expect a breakout to retrace back to the previous high, so a potential increase of 30% on where we are now. The stop-loss is set under the lowest shadow of the current consolidation period (a day), which is between 5 and 6%. This is a safe level, as if the price falls that far then the likelihood is that I was wrong and the breakout is going down rather than up. I'm personally more than willing to risk 5% on this trade, but you should adjust based on your personal risk and money management strategy.
As an aside, it has become clear to me that DGD/BTC is a heavily manipulated market. It's a prime candidate for it, as it's such a low volume market. For a fundamental, long-term trader, that is bad news, as it means an individual (or individuals) are calling all the shots and determining what is happening. For a TA based, short-term trader like myself, it's brilliant. I'm happy to ride the breakouts up as long as they continue. That does, however, mean that this is a more volatile trade than usual, as a manipulated market is a less reliable market, so bear that in mind.
Let me know your thoughts on this one, and if you're interested in the power of the VZO indicator, look at it for the DGD/BTC market on a H12 chart since November, and tell me what you see. Huge signals there for the willing trader.
Until next time, good luck with your trading.
RJR
BTC to test it's limits?Looks like BTC might want to test the limits before a bounce occurs, a lot of support lines have been demolished on the this brutal fall.
Big institutions wan't BTC dead, media FUD and conspiracy causing the weak hands to sell into the grubby hands of the big players. Like taking candy from a baby we could say. The whole reason BTC exists it to fight against the "man" and his big brother status, this is another attempt to secure control of money in this world. This is the chance to take back as much control as we can, they can't win only strengthen their position in the inevitable outcome.
This will be the biggest transfer of wealth the world has ever seen, are you going to fall for the FUD and manipulation? Please be careful shorting at this period of time. BTC has proven resilient against all crash/fud in the past, so why would it be any different now? The crypto market only really began in 2017 to 2018, markets like this cannot go away during one price correction.
Don't get me wrong, BTC was bought up in a parabolic move once again and a correction in price was expected by hodlers and traders alike. When history repeats itself, are you going to be a winner or a loser? A hodler or a seller? Only time will tell.
Pick your side, for or against.
C'est la vie!
As we watch the Superbow game, our world crumbles, financially.Is this the end the day after Superbowl?
Early February looking good for rebound. But not so quick! And here's why? Get your tin hat on, because this read dabbles into a little bit of conspiracy under the notion that the banks own the world.
Think, the scene in Batman (www.youtube.com), Dark Knight Rises where Bane attempts to attack the Gotham football game (not a huge fan of Batman or football,read into this what you will.). There's no real explosion, except to our financial reality, the landscape changes. BOOM! Stocks crash foretold in the DJI avarage, dropping 665.75 points on Friday 2, 2018. Coincidentally rounding to 666? Not sure the last date this happened. But Sep 11, 2015 is the closest date I can find since the last occurance. I referenced this video for the date: youtu.be (which I didn't bother to watch, so the date may be the day after or something.). We all probably know that the stock market was manipulated. Could Sept 2015 had marked the beginning of manipulation and Friday 2, 2018, was the end of manipulation? Consider we just had a consecutive 3 day drop on the DJI and crypto markets has never correlated with DJI. I believe there will be a reaction for good or bad effecting cryptos very soon. Here's why.
I think many of us were hoping for a rebound to occur early in February to March, as indicated by TA? I am not sure the rebound will be a reality now, if a stock market crash occurs. Laddering in may be too early with BTC leading all cryptos at 7-8K at the time of this writing. Could go to 1K easy, given the light of this new theory. With a stock crash looming (Boom!), which may effect pensions (Boom!), 401K's (Boom!), bond market (Boom!), auto loan industry and heaven forbid, another housing collapse (Boom!), etc. Boom! Boom! Boom! Expect a run on banks and cryptos as investors scramble for liquidity to have cash in hand in order to survive. I think it would be safe to say we can expect hyper inflation to come as it has recently happened in Venezuela. Silver -0.36% and Gold -1.24% manipulated to keep prices low for those who know - given an opportunity to accumulate metals. Why? Who's collecting?
So many questions ...
1. Does this mark the death of the dollar?
2. Will crypto rise after stock market recovers?
3. Will retirements and traditional investments in the dollar vanish into thin air?
4. Will the accumulation of metals keep up with inflation this time? Or was that s-o-o-o 2010-11?
5. Wasn't it odd the news had perfect timing to drive the crypto market's price down. Some real, some fake news? Korea, India, Tether, China, hacked accounts, etc.
I am not trying to create FUD. But I sure do think it's time to ask and be cautious, like now!
Answer? Come back to crypto when the stock market rebounds from bottom. Well then, see you later!
Crypto will be the new money.
What I'm saying may be hard to swallow. Because belief is hard to be-lie-ve.
Batman is fiction. That's why my theory can't be real, right? I hope I am wrong. I really do. But if I had that much power as a super villain, that's how I'd F with everyone. Like I said, because Batman is fiction, you may be programmed to believe it could never happen.
For shits and giggles, my Superbowl prediction ... Eagles win in overtime by field goal or touchdown last minute. "The (American) Patriots" lose, as a political statement that America is going down. Yeah, I believe there's a bankers war on the US and for whatever reason, I think they love that shit.
Thoughts? Help me write this. Please share.
-C
BTCUSD - Drop to 3k USD or bullish continuation?Hey everyone!
This is my first analysis and I am very new to technical analysis, so 'bear' with me. Here is the daily chart, since the two are very much complementing each other:
The chart is scaled logarithmically, since it gives a better picture of what happened in the past over the linear chart.
What worries me the most are the insanely low support levels given by the ichimoku cloud. While we have never went down to ichimoku support levels, it would still allow a retracement to the September dip to 3k USD.
We can see that past cycles of slow upwards movement to sharp dip were around 60 days long. We may have completed such a cycle with the current dip or we might see a larger super cycle forming that does not obey this pattern.
The MACD is painting a grave picture and seems to point towards the latter scenario. However the MACD bounced right before crossover at the end of the November and September cycles.
The ADX may be pointing downwards, but at levels above 40 is still indicating strong price movement. +DI is going down while -DI is going up. In the past they rarely crossed over, but instead bounced off each other. Let's hope this is the case.
Let's look at the daily chart.
We broke through the Ichimoku cloud. This has happened before, but not to such an extent. At best this gives us a resistance at 13-14k, at worst it may indicate a bearish downward reversal.
The lower border of the Bollinger Band seems to give us room for further downward movement by parallelizing with the current developement.
The MACD is pointing downwards to an extent we have not seen in the past year, eventhough it may be losing momentum.
While Stoch RSI is already over bought and ready to bounce, the RSI still has some room for further downward movement. In the past, the price never seemed to bounce before the RSI dropped below 30.
What is really worrying is the ADX indicating strong price action with the +DI far below the -DI and the two seemingly diverging even further from each other.
Fundamentals:
We have seen some heavy FUD. I suspect the expiration of futures contracts are to blame for this. Some powerful entities have made a lot of money with this dip and the FUD from the political side came just in time for that.
Call me paranoid, but I smell market manipulation.
Alas there is a new stack of future contracts expiring on the 26th of January. Look out for further FUD in the next week and be ready to go short.
Summary:
Our indicators are giving off very mixed signals, bears seem to be taking control though. If this was any other coin, I would go short. With BTCUSD however, we have seen this pattern at the end of every 60 day cycle which gives me some hope. I will hold for now.
We can't be sure that the current dip merely marks the end of another 60 day cycle. It may well mark the end of a super cycle. Especially the MACD of the weekly seems to suggest the latter.
If I should take a wild guess, I would assume a dead cat bounce to 14k in the coming week and a sharp drop to much lower levels of 8k, at worst 3-4k towards Jan 26. With more future contracts expiring we might also see a salami crash to 3k USD within the coming months. The underlying motor will possibly be both Political FUD and the public's realization that BTC is not a feasible payment option.
Please excuse the poor choice of colors. I am severely color blind.
Also remember that I am a total noob when it comes to technical analysis and speculation in general. I have made some excellent calls on shit coin price action, but BTC is a tough one.
>>GBPJPY<< >>January Week 2<< Long SetupGBPJPY was bullish previous three weeks and started to pullback this week over 60 % of previous week
price action, this indicates a lot of bearish pressure into 152.000 Key Level as expected.
Market is oversold now for this week, we"ll see a pullback to 153.500 Highs taking out sellers before making
further moves downside.
Entry: 152.200
Sl: 151.250
Tp: 153.500
Always happy about feedback and comments :)
Trade with care
The (awaited) GREAT BTC FREE FALLWhat the hell is happening with Bitfinex? There are 100 BTC sitting on 8200 for about two hours now and the price CAN'T not go under 8200.
100 BTC is about 830k US$ ! Who the f@ck put all that money there??
Is that real money or there is a manipulation behind (spoof money)?
I saw that scenario multiple times over the last days: That SAME money can be at 8000, at 8100, at 7900. Whether they put than money, it's IMPOSSIBLE for the price to go lower. NOW it is at 8200, go check it.
People who trade on BETFAIR know well the term of "Weight of Money". Google it to understand it and to see how it influences the reactions of other traders and especially of other bots, pushing the price up again.
I do not know if BTC price will go up or down, because I do not know if that 830k USD in BTC is going to stay there or not. If for example it goes to 8100, then prepare for the price to go at 8100.
THEY know that the market is bearish and they are doing anything to decelerate the fall.
BUT, if one day you see that this money disappeared completely from THE ENTIRE ORDER BOOK, then you should prepare for the (awaited) GREAT BTC FREE FALL.
When that will happen? I do not know, but you were warmed.
(Perhaps, they want to keep BTC price high UNTIL December 10, so that they sell some new Bitcoin shit-products. Perhaps, they have another date in mind. I do not know when. THEY know.)
** Check also this screenshot @ Switzerland 21:00 Friday, 24 November 2017 (CET) so that you have your eyes open : imgur.com
Bitcoin down and cash down also?What did I just saw? Usually, when bitcoin going down, bcash goes up. But now, when btc goes down, there was huge offers to sell bcash. So, if I am right, that was a plan to sell a lot of bcash before new btc ATH, using price manipulation. usdt were needed especially for this.
Good marketing and big funds can make this :)MUST be opened in 1 minute timeframe. SomeONE (yep, ONE person) made a nice income :)
ARK Manipulation Exploration - Sell Wall 10/18/2017Last night as ARK began to recover a Sell Wall was placed to force the price back down, as has been done numerous times over the past few weeks. I've captured one section of the Sell Wall in the Bittrex Order Book and have highlighted where in chart the sell wall occurred so that others can see the effects of this manipulation. I've also highlighted a previous Sell Wall reaction, though I did not capture that sell wall in the Order Book at the time.
Photo of Sell Wall on Bittrex: i.imgur.com
Once the climb began, a "whale" put down 26k ARK up for sale in the form of a Sell Wall, effectively staunching growth. The price of continued growth would be, in this Sell Wall's case, 14 BTC, or ~75,000 USD. As of now, the 24 hour volume on Bittrex is at 302 BTC, meaning this sell wall being taken down would have been attributed to nearly 5% (~4.7%) of the daily volume. Thus, a large investor is seen to be holding the price down, presumably to accumulate more themselves before they allow a "moon mission", as is typically the case with ARK, historically.
One last note: this sell wall is small, I have seen two whales come together on Bittrex and force a 100+ BTC wall when we were nearer to 60k Satoshis.
BTCUSD - BitFinex Driven Breakout - Analysis ArticleIf you were watching the BTC break out, and the multiple markets, you undoubtedly watched BitFinex lead the breakout. (I watch 4 markets, BitStamp, Coinbase/GDAX, BitFinex, and Kraken. I watched BitFinex lead this breakout, every other exchange was lagging.) Read this article at Medium.com about how one trader has tracked a Spoofing Trader or group of traders operate at BitFinex. BTC is being manipulated.
medium.com
Meet ‘Spoofy’. How a Single entity dominates the price of Bitcoin.
"This story is about a trader, or a group of traders, or possibly even Bitfinex themselves manipulates the price of Bitcoin. ..."
LTCEUR: If you're already long, there is pending upsideTo join this move, if you were looking to buy now, it is a bit late. The daily chart gave a signal, but there is always risk that the miners decide to remove hashrate and that would decrease the Segwit signaling %. To activate it, the hashrate signaling it has to be 75%, it's now around 70%, which got people excited. There is no guarantee miners don't go and make this drop, since it's as easy as flicking a switch...
If you're long and in profit, trail stops giving the market some margin of error. Don't buy now if you missed it. There are always new trades. Timing is key gentlemen.
Cheers,
Ivan Labrie.
Bank Manipulation??My thoughts on AUDJPY were short overall, but taking a look at current price action on the 1H chart also presents a short term buy....
Price today touched the .618 retrace of that bearish move, which is also the third touch of upper trend line. Immediately after the touch, price created a nice bearish engulfing candle, enticing sellers to jump in. But what happens next, is that when price touches the lower trend line (also third touch) it not only pulls back, it closes as a low test, with volume the highest it's been for over a year.
Now... more volume means big money is coming into the market (i.e. banks). The fact that volume was so high and the very next candle was a bullish engulfing (after higher highs and higher lows), if price can break out of this bullish pennant formation, we could see a huge rally to the next swing high near 87.500...about 145 pips.
As long as price stays consolidating within this current pennant formation, anything can happen. waiting to see which direction price breaks out before I get involved.
#BigBanks
Bull Beast Ded? WTF!?LOL. Almost threw up when I just woke up to this shit. Must be a joke or something. How does that not look like blatant manipulation? What sort of move is that suppose to be? Bahahahaha- Well, let´s see what happens... Channellus Bullus is def broken on that 2h. Can´t believe this bearcrap.
When predicting micro moves, remember the tide matters... Saudi Arabia controls the price of oil. Once you understand that, all technicals need to include variables for real world political manipulation of the worlds most important commodity. .... "Church of Krümel"
Back in the day, there was a King, he turned off the blood supply to the industrial world. The world went into chaos, wars started... wars stopped. In the end the world found that one country... No, one man controls the affordable supply of the earths most important commodity .
Agree or not with anyone's politics, technical reads, or overall forecasts... My approach is to start with the above in mind.
Until we have a new king or new war, I see no reason to buy oil. Micro channel guys will laugh.. So much money to be made in the foam. This is true, though they may spend more time stressed that their finger is faster than a sword. I just invite those to know there are other ways to skin this cat.. Ways that allow for thought and time to walk outside. Charting has been around a long time. The tools are better.. but not always the results..
USDCHF magnet at 1.0Market have found strong lowest point at near 0.7 prize zone and reversed. We can see how many times since 2008 price level of 1.0 shown strength as support and resistance as well acting like the magnet. Since 2011 market unfolded into slightly rising wedge with 2015-01 higher highs and higher lows. In 2015-11 market have closed monthly candle above 1.0 and next candle dip down to close just below 1.0. Is it a manipulation or the break through and retest we will see soon.
In case that US economy is growing and show good performance results with intention to rise interest rates at the same time CHF have negative interest rates and deflation in economy we can consider that fundamentals support moves higher.
For more detailed and more frequent ideas, reviews and analysis you can contact me here, on Facebook or website.
Best wishes for new incoming trading year! ;)
How Oil And The Dollar Are Being Used To Manipulate The MarketAhhh so many lines!
I know. So I'll keep this short. Maybe I'm wrong with my conclusions here, but the charts and facts make sense to me. I can't tell you when a crash (slash the next 'correction' to be PC) will be...but I can show you how they're engineering things in the US equity markets without QE
$DIA (to compare industrials vs. broader market a la $SPY)
$AAPL & $XOM (tech vs. energy - equity comparison)
$DX vs $CL - Inverse correlation; why? Most would say because we are oil consumers..but..the U.S. has 2x the oil reserves of the Middle East and we are trading 'futures' (sorry OPEC)(www.theatlantic.com)
$CL vs. $SPX - The name of the game.
Key moments:
1. QE stops the market from hitting 0.
2. QE ends
My Conclusion(s): By using their control on the oil pipeline, the powers that be are flooding the market with their excess. This has caused a massive spike in the volume of oil futures being traded. Though earning money from the sales of these futures (buy low, sell high, etc..), the drop in oil is caused the spike in the dollar it's supposed to. But the spike in the dollar is NOT sticking to the inverse relationship with the market that it's historically had. (Since when? Total coincidence...the end of QE)
The NYSE is traded..in..well..USD obviously; the price of stocks is going up because their value in $$ is increasing via the $DX spike.
How do they crash the market? Stop selling oil futures so cheaply. And what about bonds? Doesn't matter, whatever they want to really.