The theory is this when we detect unusual activity in the BTCUSD/BTCEUR pair that does not correspond to equal movement in the EURUSD pair its a sign that there is general manipulation in Bitcoin related to a Bump and Dump scheme.
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Answering to the question why the Eur/Usd is important ? The EurUsd is not important in itself , is important in relation to BTCUSD/BTCEUR. Normally BTCUSD/BTCEUR moves in the exact movements of the EurUSD, its correlated positively with it.When this ''strange'' activity happens it serves to filter the movement happening in Bitcoin and showing clearly with out doubt that there is manipulation.
I love to see real posts for a change. SO many posts are thrown in here last second to get everyone on the exchange to fomo the wrong way... (in your notification spams before a big move!)
Its killing tradingview and i love to see someone spending time thinking about why things dont add up.. Then again i do this daily :) Not trying to hijack your post or anything im simply an encourager to share ideas and not hold back. I have no secrets to my trades i wont tell others. You cant hunt me, only the exchange bots can... ANd i know how to hide my SL from them :)
ALL Traders of all levels. Share legit stuff... I posted a fake post today with the intention to tell the people who do this to stop. I cant change this by myself but maybe ill reach a few people an they will rethink before they hit send.. Do the same. If we flood with legit studies, good explanations, ASKING QUESTIONS IN YOUR POST!, promoting sharing, and helping each other we can take the crypto back from the exchanges together with time. I am trying to get people with this common interest(s) to start a site/group with me. I am not looking for fame or fortune, just a hobby and i like helping new traders. I wont troll you, as i have no reason to. Seeing you fail does not make me laugh because ive been there and lost over and over (REKT REKT REKKKKKT@!) because i listened to others that got kicks out of trolling on pretty much every webtsite/interface there is. PPL like me are made fun of for making these statements "You are such a trading noob! we take your money". No - you either have exchange connections/or are part of a paid group that collectively has enough BTC to use your own bots and control the market.. (Controlling BTC.D) - This is market manip. Take your trades to manipmex and troll each other till it gets shutdown... But leave the new guys alone, or help them... Don't Fk them up as it hurts your ability to make money because you are contributing to the reduction in liquidity in the market if you are chasing away new traders! Think smart! Were not moving because of this...
Ok Sorry for off-topic rant - this topic is my baby as i have only ever posted about this! :) :)
ANd its the root of bitcoin. IF you guys don't know this, read this and add it via COMPARE on the top of your chart. Switch it from a line to candles, and invert it when the signal is inverted (DXY).. Note this is only active on the weekDAYs, which is why weekend price action is all fooked and highly manipulated... If you are a brand new trader i don't recommend trading on the weekends yet until you understand how the change works. I dont... Other than BTC.D seems to be the only signal running.. I know the exchange bots are doing the work but we don't have access? to these signals.
Hah this is why i feel we need a forum, to keep this kind of topic/discussion going and bring BAN HAMMERS to trolls!
MSG me if you are interested in joining. Ill wait till there is signif interest
hotwings
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(NOTE not a criticism*. Great post and great observation I love to see people thinking about WHY THINGS HAPPEN!) TRADERS TAKE NOTE!
- My mini rant now on this point...
Traders! (ESP new traders!) Do not take any trading advice from youtube, tradingview, others... Ok not without knowing everything you are looking at, and you can accurately predict moves and prices yourself. This is not a big mystery and it's easier than you think. STOP looking for complex indicators, paid indicators (dont get me started!) and other crap! Read basics on price action, price and volume! Play around on your own with a steady higher TF with the line tool and the Price chart, and volume chat. You dont need anything else to predict a move or price. ALL INDICATORS are built on price and volume. What other information is provided by the exchanges? Nothing... While we have a good idea here on what inputs are used (DXY/EURO-USD + BTC.D) its not mathematical. Its more accurate to depend on the basics. This stuff is helpful.But not how you win. ONLY use indicators to verify your PRICE VOLUME studies and you will have a solid strategy with multiple verifications. Even if good, dont forget risk management...
RE:EURO-USD pair..../MANIP.. ( see first link to old post on this )
Given recent claims that dominance is not accurate, they do not add up with each other and blah blah blah... (and i see this!) i believe BTC.D is the bot maker signal to drive the price and overide the currency. Somehow select people with a lot of bitcoin are able to access this.. NO they are not "Trading". WE are all trading against bots. The exhanges are all roughly 50% BOTS people!! NOT bulls vs bears! the charts dont lie about this - and this is why crytpo volume never adds up... -not trying to claim this all as fact just my personal observations. if you have data that refutes or supports both concepts here PLEASE share. Thank you for sharing this! I will add, you can pretty much use either one since EURO used to be fairly stable vs USD? remember in BOTH BTCUSD and EUROUSD - the USD Is a common denominator, which is why people claim SPX/gold are the same as bitcoin. Guys you are only looking at the top half of the equation! (USD!)
So ive studied both.. but really it's only looking at DXY IMO... The data correlates better and fyi if you want to know how simple this is, chart BTC.D with your currency signal reference and youll see its Currency + BTC-D = BTCprice...
Thanks and good post! Check out this:
(I kinda posted same thing a while ago with DXY :) )
Found this when i was still pretty noob at trading :) - But good background for those who are NOT aware of the price correlation.
CryptoPaily
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Can you explain a little more details why the EUR/USD is important?
ZoroCapital
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The EurUsd is not important in itself , is important in relation to BTCUSD/BTCEUR. Normally BTCUSD/BTCEUR moves in the exact movements of the EurUSD, its correlated positively with it.When this ''strange'' activity happens it serves to filter the movement happening in Bitcoin and showing clearly with out doubt that there is manipulation.
I love to see real posts for a change. SO many posts are thrown in here last second to get everyone on the exchange to fomo the wrong way... (in your notification spams before a big move!)
Its killing tradingview and i love to see someone spending time thinking about why things dont add up.. Then again i do this daily :) Not trying to hijack your post or anything im simply an encourager to share ideas and not hold back. I have no secrets to my trades i wont tell others. You cant hunt me, only the exchange bots can... ANd i know how to hide my SL from them :)
ALL Traders of all levels. Share legit stuff... I posted a fake post today with the intention to tell the people who do this to stop. I cant change this by myself but maybe ill reach a few people an they will rethink before they hit send.. Do the same. If we flood with legit studies, good explanations, ASKING QUESTIONS IN YOUR POST!, promoting sharing, and helping each other we can take the crypto back from the exchanges together with time. I am trying to get people with this common interest(s) to start a site/group with me. I am not looking for fame or fortune, just a hobby and i like helping new traders. I wont troll you, as i have no reason to. Seeing you fail does not make me laugh because ive been there and lost over and over (REKT REKT REKKKKKT@!) because i listened to others that got kicks out of trolling on pretty much every webtsite/interface there is. PPL like me are made fun of for making these statements "You are such a trading noob! we take your money". No - you either have exchange connections/or are part of a paid group that collectively has enough BTC to use your own bots and control the market.. (Controlling BTC.D) - This is market manip. Take your trades to manipmex and troll each other till it gets shutdown... But leave the new guys alone, or help them... Don't Fk them up as it hurts your ability to make money because you are contributing to the reduction in liquidity in the market if you are chasing away new traders! Think smart! Were not moving because of this...
Ok Sorry for off-topic rant - this topic is my baby as i have only ever posted about this! :) :)
ANd its the root of bitcoin. IF you guys don't know this, read this and add it via COMPARE on the top of your chart. Switch it from a line to candles, and invert it when the signal is inverted (DXY).. Note this is only active on the weekDAYs, which is why weekend price action is all fooked and highly manipulated... If you are a brand new trader i don't recommend trading on the weekends yet until you understand how the change works. I dont... Other than BTC.D seems to be the only signal running.. I know the exchange bots are doing the work but we don't have access? to these signals.
Hah this is why i feel we need a forum, to keep this kind of topic/discussion going and bring BAN HAMMERS to trolls!
MSG me if you are interested in joining. Ill wait till there is signif interest