MANIPULATION AT IT'S FINEST OR IS IT? - CryptoManiac101
Hi again my Crypto Maniacs,
As I have mentioned in my group, if you panic sold, I'm sorry for you
So what is up with Bitcoin? Why so many dumps after almost everyone was short term bullish on Bitcoin?
Here's my theory which if you look at overall picture will check out to be correct. Despite recent NYSE news which last year alone would have pumped the price by over 20% we have such huge news of this year followed by further dump. Suspicious? Well some of you will say that it's what you thought was going to happen or that Bitcoin had further correction in it... In my opinion you're all wrong. Notice how even most firm support levels with demand zones failed to even slow down Bitcoin or postpone further drop. We just went ahead to drop through most of them with minor price surges upwards. If this was natural drop, we would have had some sort of slow down before support levels as we observed on numerous occasions in prior few month leading up to December of 2017, and no, don't start with those indicators.
In addition we have increase in positive media coverage for cryptocurrency, numerous 'analysts' have started to come out saying that upward trend is almost here and that we can see $20,000 - $75,000 EOY. We also have regulators working in positive manner towards crypto community. Despite all that price just keeps dropping. What is really happening?
My view on this is quite simple. Bears, or what I call large institutional investors who have been in cryptocurrency already are artificially controlling price momentum of Bitcoin by pushing it lower with each hour. Why are they doing that? It is highly likely that there is something major brewing in terms of institutional investors and different nations. As it was speculated by me before, myself and my team mostly believe that there is high chance of ETF being approved this year or by March at latest with massive price action starting later this year. In other words what we are witnessing and seeing today is pure market manipulation together with investor filtration.
Personal Recommendation
Just HOLD IT! If you're smart, you entered into crypto market with investments which you're able to lose without declaring bankruptcy. There is no hard in holding. If you're like me, you see bigger picture here, not short term manipulation.
Exclusive Members please refer to trade instructions in your private groups!
Enjoy this trade advice my Crypto Maniacs, but remember to invest only what you can afford to lose or you're going right back to poverty on drop. We are not your financial advisors.
As I have mentioned in my group, if you panic sold, I'm sorry for you
So what is up with Bitcoin? Why so many dumps after almost everyone was short term bullish on Bitcoin?
Here's my theory which if you look at overall picture will check out to be correct. Despite recent NYSE news which last year alone would have pumped the price by over 20% we have such huge news of this year followed by further dump. Suspicious? Well some of you will say that it's what you thought was going to happen or that Bitcoin had further correction in it... In my opinion you're all wrong. Notice how even most firm support levels with demand zones failed to even slow down Bitcoin or postpone further drop. We just went ahead to drop through most of them with minor price surges upwards. If this was natural drop, we would have had some sort of slow down before support levels as we observed on numerous occasions in prior few month leading up to December of 2017, and no, don't start with those indicators.
In addition we have increase in positive media coverage for cryptocurrency, numerous 'analysts' have started to come out saying that upward trend is almost here and that we can see $20,000 - $75,000 EOY. We also have regulators working in positive manner towards crypto community. Despite all that price just keeps dropping. What is really happening?
My view on this is quite simple. Bears, or what I call large institutional investors who have been in cryptocurrency already are artificially controlling price momentum of Bitcoin by pushing it lower with each hour. Why are they doing that? It is highly likely that there is something major brewing in terms of institutional investors and different nations. As it was speculated by me before, myself and my team mostly believe that there is high chance of ETF being approved this year or by March at latest with massive price action starting later this year. In other words what we are witnessing and seeing today is pure market manipulation together with investor filtration.
Personal Recommendation
Just HOLD IT! If you're smart, you entered into crypto market with investments which you're able to lose without declaring bankruptcy. There is no hard in holding. If you're like me, you see bigger picture here, not short term manipulation.
Exclusive Members please refer to trade instructions in your private groups!
Enjoy this trade advice my Crypto Maniacs, but remember to invest only what you can afford to lose or you're going right back to poverty on drop. We are not your financial advisors.
Trade active:
Manipulation is in full force
Comment:
First support is holding but not sure if it will last. We would need sideways movement to confirm accumulation at this point
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If we were to continue trend of Gold chart, then we can very well come to these lows of $4,000
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This market is in intense manipulation stage just like gold was back in 2015
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Give us LIKE on this chart guys :) THANKS!!!!
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This trend line means either upward trend or $1,000 loss if we drop below
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Comment:
Trend line broken here we go to $6,000
