I hate when tradingview fucks up and you lose your analysis.
So will rewrite it in short....
I'm spotting a possible accumulation pattern by the smart and stupid rich whales.
I saw it and wanted to publish it before the current pump showed its ugly face.
The dump into a stupid pump just proves that my suspicion was granted and I had read the situation correct when closing my shorts when I saw the dump candle turn into a 80% green one.
But my educated BTC guess is this pump will dump in the end.
Confucius_The_Great
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The sudden resilience shown by the whales/btc + the 2 day indicators all rock bottom pretty much is telling me something is up. Under normal circumstances, BTC should have dumped by now.
Last call is in a few days when EMA 21 and EMA 55 crosses. If BTC dont dump there we are looking at accumulation so they got ammunition to dump on us when they pump btc to 14k after finishing filling up their bags.
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What we see today is #1 prove that manipulation is crazy through the roof in crypto. Far more than in legacy markets because it is legal here - they don't have to hide it to avoid going to jail.
I saw exactly the same shit back in 2017 many many times.
They use bots to control the whole market like a clockwork. Whoever it is. I even know the timings of most pumps / dumps. And they come as clockwork sometimes and then they break the pattern on purpose to confuse those who are luring how things work and their timings.
I funny enough wrote this "whale accumulation" post yesterday and what happens? From doom dump ( should have been ) to moon pump.
Dont tell me that the crypto markets is not in the hands of the few. Because they surely are :)
( good thing just figure out how their strategies work and think like them! ) And you will become crazy rich.
Enjoy your Pumpo Rino Monday!
I'm sitting and waiting for the timing of the legendary short to present it self.
Confucius_The_Great
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Here is a visual of the manipulation for those still learning the game :)
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I think we will see an epic dump at the end of this pump. Likely a earth-shattering dump to the downside within after.
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Likely an earth-shattering dump to the downside within 14 days after. 14 is a conservative estimate, can happen any day by now.
I think the dumb will come way faster then you think so no 14k i guess the upcoming days it will short hard
bestfarbit74
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good one. my update
flux7777
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volume on candle comparison confirms it, but I don't believe in BTC conspiracies. It is not "controlled" by anybody, just smart distribution by whales. just follow whales, you will be fine :)
Saes190197
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Nice analysis.
To what price do you think this fake pump will lead us?
flux7777
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@Saes190197, 8800-8200. If we catch support, then up, but if not, even to around 6500.
If this is a correct assumption, ofc. I believe it is.
Confucius-The-Great
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@flux7777, Exactly. but there is no support at 6000 levels. Prior support last dump Q1 was 3000-4000 levels :) And 3000 levels are the 2017-2018 bear market. Strongest support overall there.
Confucius-The-Great
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@Saes190197, No clue, but I think the dump after will lead BTC down to the 4k lows and likely even lower this time :S
I do not think #BTC finds serious support at 7000-8000 levels. That is not how #BTC normally behaves. It dumps like nothing else when the whales dump it and everybody panics.
@Confucius-The-Great, I don't think this is the big dump yet. usually, the big dump followed a crazy high at highest FIB levels, so in this case i would guess it would be around 13-14K. It all depends how w e perceive the march Coronavirus dump - was it natural, or do we ignore it and calculate everything according to previous level of around 6500K? In the latter case, the 6500k DOES act as support. If we consider the corona dump normal action, then you may be correct.
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