Hello cyrptoheads, I know that today was very demoralising as BTC shed $1000 that almost took 4 weeks to get to. We know for sure that insider trader was responsible for this and all retail investors were lambs to the slaughter. The only ones who survived had a friend on the inside of Wall street that messaged to go in short right before the crash. However, at the time even though there was a rising wedge with price at the hypotenuse, the overall sentiment and stable price action over many days was good reason to hold a little longer. In fact one of my most powerful strategies is to wait for the daily RSI to hit anywhere over 70 to go short. I was in long and waiting for this reliable signal, but the crash happened at 60 RSI. This is further evidence of manipulation, as the manipulators realise they need to pull the trigger well before that mark and after they load up their shorts. This is not sour grapes but double standards and a call for an equal playing field as the institutions involved in the crash today themselves spend vast amount of resources ensuring the markets are free from manipulation or other circumstances that have the potential to distort prices or otherwise affect the orderly trading and expiration of exchange contracts. Many people say you cant prove it, but I say the devil is in the detail. No one enters a 000s millions short position at that stage with a 50/50 chance of losing, and then almost immediately getting the market to react pouring millions of dollars into your coffers. There are many other little pieces of evidence that all point to illegal systematic insider trading and market manipulation. It would be negligent to suggest otherwise due to the timing and scale of the move. This was not organic. I mean seriously you cant even Elliott wave this shit. So what can be done ? F.......all ,we are their mercy until there is a mass voice all united and calling for and end to this kaos and bring the greedy monsters down.
Anyway in relation to the chart if we zoom out to the daily I definitely can see with every move up the angle of the move goes down as in the yellow. This is similar to having all the tension in the price at the ATH being released proportionally with every move up and slowly subsiding as we come to the end of the bear market. There is an almighty strong support zone in the green zone which I think is too strong to break, because it is the end of the bear market and there is just not enough momentum left for the bears try to test it. At the moment the $6400 zone is holding strong and I expect a slow grinding move up from here at a very flat angle according to the last yellow line in the wedge. At that point, bears will be totally worn out and the criminal manipulators have no leverage left to exercise their devious plans. We can only wait and see how this plays out , but dont let this scare you as we all know BTC has been buried and dead many times. But guess what I am happy with $6000 for BTC because it certainly wont see $1000 as some negligent traders with devious motives are calling for. On that note stay calm and chill .....and remember everyday is a good day no matter what BTC is doing.
*Please like or follow if you are happy with this TA.
*Each individual trading position is unique and this information should not be used to formulate any type trading plan.
Anyway in relation to the chart if we zoom out to the daily I definitely can see with every move up the angle of the move goes down as in the yellow. This is similar to having all the tension in the price at the ATH being released proportionally with every move up and slowly subsiding as we come to the end of the bear market. There is an almighty strong support zone in the green zone which I think is too strong to break, because it is the end of the bear market and there is just not enough momentum left for the bears try to test it. At the moment the $6400 zone is holding strong and I expect a slow grinding move up from here at a very flat angle according to the last yellow line in the wedge. At that point, bears will be totally worn out and the criminal manipulators have no leverage left to exercise their devious plans. We can only wait and see how this plays out , but dont let this scare you as we all know BTC has been buried and dead many times. But guess what I am happy with $6000 for BTC because it certainly wont see $1000 as some negligent traders with devious motives are calling for. On that note stay calm and chill .....and remember everyday is a good day no matter what BTC is doing.
*Please like or follow if you are happy with this TA.
*Each individual trading position is unique and this information should not be used to formulate any type trading plan.