BTC: wow - what a bunch of dirty manipulative slimeballs
These are what I call "SCAMDLES".... They totally made it appear like the correction is imminent only to throw the price over everyone's stop loss up top... They'll still crash the price down super fast, only to push it right back up.
This is why Bitcoin or crypto in general is never going to be accepted by the government. And if the people manipulating this are being so obvious about it, they will get it banned by all governments for good. And frankly, probably for the best.
The way these markets move is so extremely unnatural. Say what you want, but this is highly manipulated to screw over the maximum amount of people all at the same time.
I know you're thinking "yeah it crossed the previous high! Totally going to long this.... Except that wave 4 will come crashing down hard because 2.618 was actually the 3rd wave's extension. And bam, price blows right back up again.
If you haven't stop lossed out yet from my previous idea, and you can afford the price to pop up to about 52.5, save your short wad and wait for that strong retrace back down... It's gonna happen.
Now it's just more obvious what they're doing here. TP at 49000 instead on your shorts. If you can swing a short at 52.5 that would be the best.
What a bunch of manipulating a**holes... They keep doing this much blatant and obvious manipulation, this market is going to be killed off. I'm telling you.
This is why Bitcoin or crypto in general is never going to be accepted by the government. And if the people manipulating this are being so obvious about it, they will get it banned by all governments for good. And frankly, probably for the best.
The way these markets move is so extremely unnatural. Say what you want, but this is highly manipulated to screw over the maximum amount of people all at the same time.
I know you're thinking "yeah it crossed the previous high! Totally going to long this.... Except that wave 4 will come crashing down hard because 2.618 was actually the 3rd wave's extension. And bam, price blows right back up again.
If you haven't stop lossed out yet from my previous idea, and you can afford the price to pop up to about 52.5, save your short wad and wait for that strong retrace back down... It's gonna happen.
Now it's just more obvious what they're doing here. TP at 49000 instead on your shorts. If you can swing a short at 52.5 that would be the best.
What a bunch of manipulating a**holes... They keep doing this much blatant and obvious manipulation, this market is going to be killed off. I'm telling you.
Comment:
Didn't quite get my fibs correct in the previous chart. Goal to 2.618 is more like in the 53k region:
