The crowd will be deceived while they believe it!

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Hello friends!
How many times have we seen "a large investor bought bitcoins for hundreds of millions, which means that this is the end of a bear market"?
I want to tell you that this 100 million $ manipulator purchase was caused not to send bitcoin to the moon, but to again the crowd believe in the growth, invest their remaining money, and after drop close their positions at a loss.
On the chart, I showed an identical fractal . In July, after strong growth, there was the news in the media that an Asian billionaire bought Bitcoin for a hundred million.
The crowd was bullish , everyone shouted that if large investors were buying, then it was the bottom and the bear market was over.
And while the crowd was buying, this manipulator sold them his bitcoins .
The end of this manipulation you see on the chart. People closed their positions at a loss, but did not draw conclusions, and now they are repeating this mistake.
Now everything is repeated again.
Do not take a longs now, think without emotions.

As I said in the previous idea, we are waiting for the close of the weekly candle and in the coming days we will go into shorts.

Have a good weekend!

will it stop there

or will it drop to 1.8k
Ok. So buy now and sell at 6k. Have you bought?
I think you are right, sir.
+1 Reply
I don't see how it can fall below the descending wedge now that it's finally broken above it, re-testing the wedge around $4k might be the lowest we go again.
+6 Reply
Hitting the $6.5k resistance then falling back (lower) than $3.5k would be the last signal ending the bear market and would washout a lot of weak hands, that’s for sure.
But I don’t see it play that way, we won’t go that low, $3.5k will possibly remain solid enough.
Good luck all!
If the 6.5k is broken , everything is possible!
your 4 last ideas didn't age well but keep trying!
+6 Reply
stupidity is fondamentaly human sorry but trees do not bloom before spring.
The difference is that now the amount of money in altcoins is a lot higher. It can flow back to BTC.
we had a bear market, it's not easy to beliefe should be over now.
BUT next halving is in coming 10-12months. Whales should now start accumulating and will sell next max for 25-30k to new comers..
+1 Reply
Agreed, but I'm done trying to convince people. The night the pump started there were bearish divergences on the Daily, 4H and 1H, and something like an $80M sell wall in the $4000 range. Between all of the wash trading and this big buy, it's the April Fools joke of the year.
+2 Reply
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