Play the WHALES channel ?

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
There be manipulation, there always is...The question is, can we profit from it ?


Waiting for moving average to cross, And bar to open under ichimoku cloud .
We have safe short here based on previous highs and the dodgy support.
It might be so that we have a interesting channel playing out here.....
Ride it ??? You be the judge....

If we did get a our setup i would enter something like below.
Stops: Above High
First target: FIB
Second Target: Dodgy Support Line

This might take a while....
Trade active: Short Entry Taken
Trade closed: stop reached: broken all time highs, all bets off...


It's becoming irresponsible. They're not even trying to hide bid and ask anchors. Controlling the supply and releasing monster low bid orders, while making new monster ask orders at set intervals, resulting upward pressure on the price. I have a hard time believing that it's collusion among the exchanges, considering price disparities. The demand can't be truly that high on its own. They've got a rhythm now. Strategic anchors set at 1700, 1800, and several 20 and 50 intervals, as well as some teaser anchors at the 95's, etc. The responsible thing at this point is to let the market crash and correct. (Yeah, RIGHT). Concerned about solvency on the back end if this keeps up.
I do not do as i say, my entry conditions published are rather tight, my persionaly entry conditions consider my own risk more, if i am in a position i dont advise you enter unless you have your own reasons.
I try to post tight entry conditions but i don't always follow them.....
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