PermaB

How Manipulation Reduces YOUR Money

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
If everyone now thinks that all these manipulations are new to Bitcoin , then I can not agree with that.

All these manipulations already existed in 2013/14, where Bitcoin also fell by about 80%.
This manipulation also came as everyone expected a pullback at $10,000. What happened later? We were rushed through this milestone like anything else.
Even the upmove to $20,000 was pure manipulation. Nobody expected anything like that.

And now to all optimists: We will not reach a new all time high this year. We will continue to correct and we will most likely break the $6000 or at least see a sharp downmove before we go up again. This is what a correction looks like in every market.

All this will continue until almost nobody has money available or no desire to market.

Manipulation is part of the market. That has always existed and will continue to exist.
Comment: I want to correct something here. Quietness and Future Forecast also fit if we go down from here. It depends entirely on the situation. Here is my last Bitcoin analysis:

https://www.tradingview.com/chart/BTCUSD...

Comments

Sorry I don't get it there is not much TA if any the double bottom on a lower time frame can clearly be seen on a lower
time frame.You have no evidence to back up this to be fair sorry but i do not see this happening we will ever see $6k again.
This is not every market mate ??This is not going to happen LOL i see a pullback which i have clearly market out which
is a healthy retracement.

This is just more FUD with very little information to back it up..??
+1 Reply
PermaB chase4fun2018
@chase4fun2018,

First of all, the double bottom refers to the $6,000. Many have expected a pullback there, but instead of a pullback we went up.

Besides, you should never say never. When we were at $20,000, everyone said we would never get below $10,000.
3 months later we were even at $6,000. Now many say we will never get below $6,000 and I can already imagine what will happen next.

And last but not least I want to say that as soon as this upmove is over, we will definitely see a sharp move down again. This is what corrections look like and they have always looked that way.
Whether we really break the $ 6000 is up to the market itself. After statements like these I can imagine it very well.
+2 Reply
jscduk12 PermaB
@ic0n, For real m8 lol 'never say never!'

Optimistic bullish idiot in Dec/Jan 2017/18: 'Oh, BTC is going to the moon! Everyone buy!'

Next three months: BTC drops 70 %.

Optimistic bullish idiot in February 2018: 'Bullish season is here! Let's go to the moon!'

Next couple weeks: BTC drops back down to $6,500.

Optimistic bullish idiot in April 2018: 'it's okay, it'll never drop lower than $6,000, we're in an uptrend now...to the moon!'

Next few months: drops below $6,000.

haha oh people, reality checks are always a good thing to have every once and a while :) you think BTC jumps up 30 % and now it's bullish season? Nah. And 30 % isn't that much now since the price is so much lower. Haven't we all been told to always look at the bigger picture? Bigger picture means we have to go down further so that we attract the big money (my opinion, of course...). I'm not a day trader, so not looking for swings. For me, I'm looking for a long position after the last one I sold from $7,000. Smart money will come in when it either drops low enough (which FOMO could easily do), or it goes up enough to prove we're in an uptrend (unlikely, because right now it's just emotion and psychology driving these prices; I know this, because I used to be like that kind of panic trader lol). Remember, BTC is only up $2500 from where it started a couple weeks ago. We can drop that in two days lol we dropped $1,000 in a couple hours a couple days ago for heaven's sake! Still haven't recovered from that one...

Never say never in the cryptomarkets, that's crypto trading 101 lol

Ic0n, smart words m8.

Of course, all my humble opinions :) if people disagree, you have every right to! But give me hard facts rather than just optimistically saying I'm wrong...we're all here to make money, so let's keep it civil! I want you to make millions just like I want me to make millions lol or even a few thousand never hurt ;)

lc0n, thanks for the insight and thoughts.

All the best,
James
+3 Reply
@jscduk12, LOL James :) i believe there is a lot of potential in bitcoin but from what i know its all about
patients and finding new trending patterns even then you need to wait for many indication before known
80% that you are in the right when buying and selling in bitcoin, but i think bitcoin will reach full potential
once it is adopted by big companies, then prices will truely go up..

I also think the big fish in this little pond will decide what price this eventually settles at, I think if there was
more development within the bitcoin DEV department we may get some where.Now i have sat and watched
the battles go on with the bears and the bulls for a long time, i have my own long term price but the main
thing is patients.

And the market has always been manipulated big players will eventually decide when and how much this
price will be and once the market has stabilized at some point this will stabilize itself and we will prety
much see a flat line like every other market, this may happen if massive regulation is put in place.

Too many shills also running in massive groups calling the shots, i think another thing is the news people
don't panic sell to easy, i have seen people lose a hell lot of money on day trading making massive bets
because that's what it is one massive bet and gamblers know as well as any one you are only winning because
someone else is losing same thing goes in this market, there are many many variables which can make
crypto volatile.


Hey good luck mate !
Reply
jscduk12 chase4fun2018
@chase4fun2018, For the record, I agree with everything you just said...

Happy trading buddy and best of luck!
+2 Reply
@ic0n, What are you going on about there is absolutely no TA to back up anything you have said up or anything in the chart i can
see that make any sense at all you are on a one day chart saying double bottom which ..Good Luck And look at your tags CRASH

first of all there wave no very double bottom there was a double bottom on a lower time frame chart not where you are taking
your line from LOL.

now where you are saying there is indecisiveness is actually a (Very hard Support) as we broke through it on a little bull run is not easily
broken as you can see there is also heavy resistance just above that..I'm not going to explain it in here i have my charts marked
out all the necessary areas.

+1 Reply
PermaB chase4fun2018
@chase4fun2018,

I understand your excitement. I think you misunderstood me a little bit. It was about everyone expecting a double bottom at $ 6,000, nothing else.

Besides, here is an analysis of me, if you are interested:

+1 Reply
jscduk12 PermaB
@ic0n, That's interesting, seems BTC has found itself in quite a conundrum around the $9,500 - $10,000 area multiple times this year. Your circles point that out clearly.

I'd agree that it's a very critical area, especially with that large, even number of $10 K, not to mention the serious psychology that goes along with it! If we overcome that $10 K target, would you change your mind about the downwards direction? Or would we need to break that $11,500 - $12,000 double top from February to change your mind? I'm leaning towards the latter, personally.

Good observations here!

All the best,
James
+1 Reply
PermaB jscduk12
@jscduk12,

Yes, probably we would have to break the $12000 range to change my mind. But first, the focus is on the $ 9800 range :).
+1 Reply
jscduk12 PermaB
@ic0n, Smart words, my friend :) and look at that spike just now! WTF...lol

Safe trading!
+2 Reply
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