botje11

Bitcoin whale(s) doing whatever he/they like(s)

BITSTAMP:BTCUSD   Bitcoin
So the target area got reached of that inverse H&S , but bulls were able to celebrate for 5 seconds i think :) At the moment the price is still stable above the 6500/6450 which is a good sign, but the way the market has been moving lately, it means nothing at all because most movements are too random. We had our 100% proof a week ago, twice even that 1 person can move this market completely.
First moment when i told you live about those big buy walls and hidden orders on Bitfinex, while every exchange was dropping and price differences went up to 50 points the whale on Bitfinex kept pushing it with his 5/10K buy wall. Few days later the same thing happened and we all saw what happened a few days ago when Bitmex was down (because of maintenance) that on the second it went down Bitfinex alone pushed the whole market up and forced a squeeze. And on the minute Bitmex was live for trading again the price got pushed down again even though it was quite clear the market wanted to move up.

What most of you may not now about TA, it only works when a market is in balance. Means that no buyer or seller should be able to move the price, not even a bit actually. In the traditional markets it's also not perfect, because even there we have people who can move certain assets, but not in the extremes as we see in crypto. TA is a translation into the charts, of what the market wants to do and NOT what a few people have in mind. This is why volume is so important, something we have been missing for months now. Because the higher the volume the less a few people can influence the outcome. It's insane actually that 1 person can move the market as we have seen a week ago.

Anyway, the only way we can predict mid-term moves is trying to figure out what these people have in mind. They can't hide what their doing but it's easier said than done to know what we need to look at.

As you know from my previous analysis, my view was bullish before we rallied to the 6900, but now it's more difficult to know what their plan is. I see 2 options at the moment with that dirty game they played.

The same whale who squeezed the price on Bitfinex had some big sell orders ready on Bitmex at the highs. Because, the first 5 minutes Bitmex went live again it would only be in the cancel order mode. So you would not be able to post sell orders in those 5 minutes, you should have placed them before it went offline. Knowing that if you push the price high enough the liquidations on Bitmex would do the work FOR you to move the price up. It even reached 7150 on Bitmex. Then all you need to do next is, use the same bitcoins 0.11% you bought at the 6450/6600 to push the price down again when the volume is at it's lowest.

Other options is, also realistic, just several whales fighting each other. Because Bitfinex has been the most bullish exchange for a while now and they thought it was the perfect time to push the price up when the big boss Bitmex was offline. But since we dropped so much again, it shows how big Bitmex has become. A futures exchanges ruling the entire crypto world! t's actually something to cry about IMO -0.13% , because it doesn't get any sicker than this. Since in theory a future should follow the underlying value, not the other way around. But for the ones who don't know, welcome to crypto, where the people are in control and not the government or the rich ;) For the ones who don't get this, it's just as bad or maybe even worse than our current system, doesn't give me any pleasure to say this. Wish i am wrong but we just can't ignore certain facts that we see in this market i 2018. So far it's safe to say, "the people" are just cash cows for the rich. Even the ones who made allot of money in crypto, have been giving the biggest part away again to the rich. Something i warned every one about half a year ago.


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