sbusso

Bitcoin Market Manipulation

sbusso Updated   
BITFINEX:BTCUSD   Bitcoin
This is a quick study about price action and volume on #BTC over the past 2 months. It clearly shows how the market is manipulated, where are the potential buyers and current market limits. Everything over 16000 is purely market manipulation, especially the rise to 20 000, with no volume. When price approaches 11600/12000 zone, buyers are back. Price should consolidate for a while, time for new comers, big finance and institutional players, to accumulate. After that they will continue to play with market fears pushing up to board people scared to miss the next opportunity and pulling back buying out those who bought high.
Comment:
blue zone, between 11600 and 13450 is buying zone
red zone, was bull squeeze with no volume
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