BTCUSD- Fear not the whales! Staying afloat amidst manipulationOH NO THE WHALES ARE MOVING THE MARKET!!!!
Yes, yes they are.
But that doesn't mean you have to watch your stops get swallowed up like a helpless krill!
All jokes aside, I hardly ever post about bitcoin as I'm an Ether guy myself, but there really is some highly suspect moves in the BTC market as of late. D4 did a great job of covering some of the suspect zones (link to his chart is provided) and in the comments you can find some secondary commentary and an accompanying chart showing some additional evidence of possible manipulation.
But lets be real, if you're trading cryptos and keep your head in the game, you already knew this was happening.
On to the good stuff!
So today we're going to:
Check out one of my methods for staying away from disastrous losses from liquidated stops while whales move the market
Look at some possible paths for BTC over the next day or so
Oogle some obescenely beautiful channel movement
Staying Afloat
***This is just what I personally do to manage my trades during heavy manipulation, it is neither perfect nor without risk; but if you stay proactive about watching the market you should be able to minimize the likeliness of taking losses in a whale sell off.
I truly cant stress this one enough: Monitor to break even before you even consider dropping a stop.
If you're trading 4 hours or greater bars, drop down your usual trade time cycle to half of its usual value and do your best to check the market often for dramatic shifts. (I usually trade 4 hour charts, in this market I drop to two and do my best to check every 4 hours at most).
Place very loose stops (I usually push down my normal stop as much as 6-8% lower
DONT LOSE YOUR HEAD! whales moving the markets can be scary to watch, but they're relatively easy to pick out.
You can see how many major "whale moves" correct rather rapidly (likely after minnow positions are liquidated), HODL is never a trade strategy, but a calculated short term hold for indications of a market shift is a completely viable strategy; possibly even keeping you from the way too common "buy high, sell low syndrome")
Possible Paths
Blue seems unlikely with the dropping volume against the sharp recovery that just occurred
Green is what I would really like to see and would be the "healthiest", id be more bullish on a pump to the 100% fib after some strong consolidation along the channel than a low volume jet upwards.
I dont think this scenario is too likely considering weve been moving channel bound for upwards of two weeks. If it does though, we're looking at some good support at both $8750 and $8000 (~%50 fib of current channel bound cycle)
Channels can be a beautiful thing
Theres not too much to this one, I just love examples of market geometry and technicals playing out in fromt of me. Really the channels began forming shortly after the recent cycle low reversal. It's interesting to note that both the high/low cycle shifted by a single channel each time the fib ratios were reached.
Stay frosty, and learn to fight the whales fellow crypto traders!
--------------------------------------------------------------------------
DISCLOSURE:
This analysis is meant for educational purposes only. You trade at your own risk!
Austin Doyle
CTO
Manipulation
BITCOIN: obvious manipulation on the 30min candlesIts really a strange pattern for some whale manipulations here. We see a 24h P.n.D (pump and dump) game and then the start of a short term upwards regression trend channel (at 10°) that lasts about 48h. This pattern has repeated now 2 times with a very high rate of accuracy (24h p.n.d and 48).
I dont really know why "they" (whales, exchanges) are manipulation the price in this pattern. But my guess is that they have some common target and this could be the consensus 2018 conference . (14-16 may)
Let me know what you peeps are thinking of it. If this continues we would see BTC price ranges between 10.4k and 11.6k right before the consensus 2018. If true.. expect a dump afterwards!
BTCUSD :: Bull's Failed Longs Killing BTCBitcoin margin traders have been the primary cause of volatility, it would seem.
What I see here is that for the most part, bears have much less impact on the market than the bulls (I would have thought the reverse!). True, a big bear paw helped knock BTC off the high horse, but the next day bulls started a path of self-destruction. This battle played out for a bit, with the bears seeming more strategic and the late coming bulls having major FOMO. The early bulls falsely inflated the CCI which was easy to do the day after all those shorts opened.
The price continued to go downward as people took their profits before they weren't profits anymore and this caused a lot of bull nuts to be squeezed. Everyone decided to give it another shot and, you can see that as L&S activity stabilizes the market tries to return to normality...which has been a down trend but it's trying to normalize the 6-11K range.
The long bulls finally gave up in the last week of march, falsely *deflating* the market as they had done previously.
At this point every has had their ass torn from both directions and I'm lmfao at how all these smart people out smart themselves. I, having no financial eduction or even skills or responsibility, have also had my ass handed to me so .. This pot is also black.
Everyone had a good LOOONG as week to analyze the crap out of every micro & macro pattern possible and a lot that aren't.
As mentioned, the bears seemed more strategic and you can see that a large number of shorts were opened at the PERFECT time.. when the 100 MA is crossing the 200 .. AND the market is hitting nearly 200 on the CCI.
The rest of the week was mostly Joe Blow grabbing big handful of FOMO. He's the one who is going to cry elephant tears. :(
We're at a crazy pinnacle of resistances from literally every direction and that hammer is super crazy ready to pounce on a market full of bulls who have run out of steam driving their precious lambo straight into the ground.
Ironic eh?
War=Risk on in this Fed manipulated market..Anybody with a mutual fund, 401k, etc should be extremely worried. The banks have hijacked the financial system, and there are no real markets anymore. Do your due diligence on currency creation, devaluation, inflation, and realize we may be in for another 1929.
BTC Stophunters/Flagcityophunters are real quys, perfect example of a beautiful flag setup dipped hard below support right before the breakout. You could tell that once we got huge sell volume on the 2nd smaller flag the run was over for the most part. That's where clean flagging turned into choppy channeling. Keep strong hands manipulation is strong atm. Rising wedge currently breaking out most likely a bull trap as the second half of this Bear Flag is much smaller than the first leg down.
BTC Stophunters!Stophunters are real quys, perfect example of a beautiful flag setup dipped hard below support right before the breakout. You could tell that once we got huge sell volume on the 2nd smaller flag the run was over for the most part. That's where clean flagging turned into choppy channeling. Keep strong hands manipulation is strong atm. Rising wedge currently breaking out most likely a bull trap as the second half of this Bear Flag is much smaller than the first leg down.
BTC Stophunters!Stophunters are real guys, perfect example of a beautiful flag setup dipped hard below support right before the breakout. You could tell that once we got huge sell volume on the 2nd smaller flag the run was over for the most part. That's where clean flagging turned into choppy channeling. Keep strong hands manipulation is strong atm. Rising wedge currently breaking out most likely a bull trap as the second half of this Bear Flag is much smaller than the first leg down.
BTC Stophunters!Stophunters are real quys, perfect example of a beautiful flag setup dipped hard below support right before the breakout. You could tell that once we got huge sell volume on the 2nd smaller flag the run was over for the most part. That's where clean flagging turned into choppy channeling. Keep strong hands manipulation is strong atm. Rising wedge currently breaking out most likely a bull trap as the second half of this Bear Flag is much smaller than the first leg down.
Short Bitcoin this week till major supp at 6kHello guys,
Short term traders, watch this, if a candle in elipse will close below that triangle line (up) you can short. It´s known as Iceberg Order (manipulation, traders who long it after pullback on triangle line and a bull candle got trapped, market will hit their stop losses soon, is in sight) nice Risk/Reward ratio.
Others watch this levels this week, I want to see bitcoin in pump zone. Then we can Long, it is really nice long term opportunity.
PS: If there will be panic, we can see bitcoin under 6k (5,5k max) then massive pump and bulls taking control over this market.
Herac
-give me your feedback guys, thanks
-what do you thing about BTC nowdays?
Bear Pennant.... Means nothing - ManipulationiIn typical scenarios this is a Bearish pattern... a basic one at that.
Why do i have a feeling it will break out upwards? They could be painting this picture to trap others. It's happened on some of the previous bear flags, where it breaks out upwards then comes back down.
This could be a bear trap, we could just go sideways... who knows. No trade zone for me
Nowhere To Run - Nowhere To HideThe "Criminals" really screwed everyone, today!
(Unless you are a shorty)
I did manage to sneak in 200 shares of TCP
I am not going to give support/resistance levels anymore.
They are irrelevant.
You can't Trust the Gangsters.
Conspiracy is a high treason crime #AMZNNASDAQ:AMZN
Very difficult trade session, long bars dancing with ups and downs in ES1! , volatility is high CBOE:VIX and again looks like somebady powerful wants to break Amazon NASDAQ:AMZN with his tweets.
Conspiracy is a high treason crime #AMZN , manipulation of stocks also is a crime
twitter.com
www.washingtonpost.com
www.cnbc.com
Consider european markets as alternative:
TVC:SX5E XETR:DAX BME:IBC INDEX:MOY0 FY1!
www.wsj.com
Strong sell for bitcoin, take your margins!Well, that was a ride. Although a bit expected due to the straight bearish flag we were in. Some manipulations tweets I saw passing by, which IMHO are correct and I will show you. I keep being bearish as this was a convulsion of bitcoin. We got a sequence of different patterns followed behind each other. See my graph. I show you a 1hr graph which describes current situation and a second graph with the manipulations (by bots) I think, is not a coincidence!
All the yellow circles or ellipses, are falling wedges or bear-flags that in 'normal' trading behavior would go up. In this 3hr pattern you see the course going down for several times. As an IT analyst, I can't argue this is NO a coincidence and nothing more than manipulation!! Be aware! Good and save trade!
Do u know where u are? U're in the jungle baby! You gonna diieeeHey, fellas!
Don't kill me, but i will let a song for you:
"Oh, sometimes I get a good feeling, yeah
I get a feeling that I've never never never never had before, no no
I get a good feeling, yeah
Oh, sometimes I get a good feeling, yeah
I get a feeling that I never never never never had before, no no
I get a good feeling, yeah"
So, if this feeling is good or not, depends on the pill you have choosen! To understand more, check the previous TA!
Thhe chart says everything i need to say you! Take care!
Mask loves you all, big brows!
"The stock market is a wonderfully efficient mechanism for transferring wealth from the impatient to the patient" - BUFFETT, Warren
[BTC-USD] RED ALERT! INVERSE CUP N HANDLE- DEFCON 5!I'm out of the market into the safety of fiat USD for now. This is very much a dynamic market and things are changing so dam fast on the charts, I couldn't even keep up with the 1,5 and 15 minute charts early this morning as I prepared this video. Personally for me, I think its too dangerous to play right now and I am now simply observing this ball game from the bench!
The BTC market is extremely volatile as many of you already know that! What makes me uncomfortable right now is the manipulation of wales pumping and dumping the price of BTC attempting to short the market. Also it was brought to my attention by a new friend on trading view that the exchanges could be dumping BTC, therefore manipulating the price of BTC being one of many variables that is causing the massive sell offs of BTC. Since most of us don't really know the real why 's , all we can truly rely on, are the charts. In conclusion, right at this very moment, the charts signal DEFCON 5 red alert! (Extreme Volatility)
Overall, I observed an inverse /reverse cup and handle which typically indicates a bearish signal and that a bearish trend will continue with the bearish price action of BTC. Extreme caution is advised right now! I am still investigating and undergoing more analysis that will allow me to define a perfect entry point at the absolute rock bottom. If I succeed, then I might end up in a short vacation in a few months in Costa Rica sipping a pina colada. If im wrong than I will be sipping a regular Starbucks coffee at my local coffee shop.
If you enjoyed this video give me a like! Peace out!
CryptoBuzzAnalyst
PS: Disclosure, this TA is not financial advice. This is for educational purpose. You should perform your own individual TA and arrive to your own specific conclusions!
ARGS Turning up possiblyThe MACD looks to be pointing up tomorrow with a reversal and we closed at the tip of the wedge with a doji on the weekly. Looking for more volume tomorrow to confirm. Holding at 1.43 for a swing trade going into tomorrow.
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.... :(
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!