TradeClass

BTC - ETH sill trapped in range.. what is next...

Short
TradeClass Updated   
KRAKEN:ETHUSD   Ethereum
Thanks for LNE and Botje11, who chat with me a little and took some interest in my words.

Both are superstars on Tradingview, I trust their TA work.
Those of you following me KNOW I take the best TA work and draw my own conclusions.

This is because the MANIPULATORS do their own best TA work and then do their own manipulations.
THEY BUILD ON CURRENT TA, FOLKS and still so many charters on here are in total denial.

Some of the other more popular charters have gotten angry at me..
that I challenged their 30 years experience... yadda yadda yadda
Well, last I checked, we are in a DIGITAL REVOLUTION
and the old ways are changing.. fast

You either keep up or you get left behind.
TA and EW this month is 50% correct and I want better odds.
Enter, then Wild Theory.
Comment:
Note.. I am NOT telling TA and EW supporters to dump their work. I am telling them to augment their work. The do NOT need to consider Wild Theory.. I keep telling everyone how to do it within my comments and posts.
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Ooops typo.. I am NOT telling them to follow me or that they need me.. I am telling them how to do this on their own. Anyone can do their own Wild Theory.
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Update.. I was given the wrong information about India's decision on crypto. The date is NOT June 5th. My apologies, I should have checked the information before I published it.
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Q&A – Part I

Q: Where can I see the Regression Chart you mention; your trusted Dynamic Forecast tool for Bitcoin?
A: www.bitcoinforecast.com/kraken.usd

Q: Why is standard TA and EW less reliable in 2018 than in 2017?
A: The manipulators use their own private TA and EW experts. This allows them to see what everyone is thinking and where the market will go. Next, they try to ‘influence’ those forecasts by synchronizing with strategic heavy hitters (whales) and using market psychologists and algorithmic trading robots for daily course corrections. They are also trying to trap bulls and capture coin, not just manipulate price. Trust this group employs the top experts that money can buy. If they want to defy TA at any point in time, they are the ones who are most capable of pulling it off.

Q: Why publish these patterns to strangers?
A: Foremost, to save you the time it requires to identify ‘Wild’ patterns yourself. Second, to share what I know about market sentiment. FYI: Been told by friends in the Bond Trading markets… that I possess unusual skills in observation and psychological analysis. My predictions often bring ire to TA professionals, who are impressed by my accuracy but don’t want any part of my zany methodology.

Q: What are the telltale signs of a manipulated pattern?
A: Ever look at clouds in the sky and see familiar shapes? Clouds dissipate, but chart patterns are permanent. On a chart, I seek similar peak formations, similar chasms between the peaks, similar height and width proportions. The suspect ‘repeating’ pattern should look like a child was trying to copy the original. It might NOT be to scale, it might occur at different resistance and support lines, the finer movements may NOT be exact… but it cries of man-made DUPLICATION.

Q: Are these patterns ALWAYS present, where they can be identified and followed?
A: Wild Theory is my forecast method for identifying manipulated price movement. This is NOT the only method I use to forecast price, but one of five. And… I have no choice but to follow the manipulations and predict what they will do next, because if I ignore them, their work will hurt my trading. To understand how I uncover their work, think of me as a bloodhound, tracking suspicious ‘engineered’ patterns. Also understand that ‘Wild’ patterns are NOT constantly present. They touch down and lift off in various key areas of a live chart… much like how a tornado descends from the clouds, runs it path and flies back into the clouds. In short, TA charting will return to normal when they are NOT at work… or when the market simply overpowers their efforts. Wild patterns can appear on a large scale (as they have in May 2018) -- but are more evident on a daily and weekly price chart.
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Q&A – Part 2

Q: Will an apparent pattern go to completion when repeating a previous historical movement?
A: That partly depends on current sentiment (market news) and world events that are relevant to active crypto players. It also partly depends on TA at those given moments. Wild Theory is about the ATTEMPT to manipulate price movement. It does not always go as planned, because manipulators also rely on market psychology. It is more than just forced whale movements and other shenanigans. On the other hand, their agenda might be to start one pattern, then abandon it at a certain point to begin another. I call this ‘strategic maneuvering’ and ‘flexible planning’.

Q: Where is Wild Theory most likely to fail?
A: Even if I spot and predict their manipulated movements accurately, their intended plan does NOT always work. I have seen ‘Wild’ movements set the bulls up for a run, with incredible real-world timing and then the bulls fumbled the ball. I recognized this because I already predicted what TEAM EVIL would do in advance... watched them do it… and then saw the outcome sputter and collapse.

Q: Is market manipulation here to stay?
A: Said manipulation of the MAJOR coins is probably short term. It requires the following to work well; lack of institutional investors, lack of liquidity, lack of market maturity, lack of regulation. It is also fueled by the existence of the new crypto futures market, but there is nothing we can do about that now.

Q: How do I include Wild Theory with ‘accepted/approved’ TA and EW methods?
A: Foremost, do your own TA or EW or both. Then seek other TA publications. Consider market sentiment and other indicators as your 'bias' when planning what might happen next. Place more weight to a TA chart forecast which matches the CURRENT public sentiment. Avoid fake news and stick to trusted reporting sites to get a feel for public and big player sentiment. Finally, before you make your play to buy or sell (or do nothing) -- isolate the ‘wild theory pattern’ that mirrors the current pattern. Look at the historical pivots of that pattern… then adjust the current pattern to existing resistance and support lines. Why? Current resistance/support are your price stops... if even brief. Measure the drops from past historical mirror patterns; notate the dollar amounts. These amounts might be what you can gain or lose. Finally, consider that a Wild Theory pattern might preside over the most recent TA that you trust. Ask this: How much margin of error can I bare if the TA I follow is wrong… and Wild Theory is right? Last, imagine the best outcome if you owned billions... think like a manipulator. Imagine an outcome that does NOT fit your wishes, but instead, what is in front of your nose. If your inclusion of all factors were weighted correctly… you should NAIL it.
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So here's the general TA news I gathered from OTHER charters

- Inverted Head and Shoulders is trying to complete. According to TA theory, this should work and we should rise.

- A wedge is forming that will complete a triangle, some argue an ascending triangle is a continuation (rise) and other says its a rising wedge, which in a bear market means rise, but in a bull market means a drop.

- The whole structure CAN FAIL.. and then we go down again

- Wild Theory may still be in play and a move will be made by the manipulators

- Bad news on market regulation can reverse any bullish recovery, because the slightly bullish sideways movements of the last four days is very weak.

Conclusion: There is justified indecision at this time. Any bet down or up is a risk if money is involved. Trade at your risk and be ready for anything.
Comment:
Botje11 was talking in a chat room and was frustrated that the manipulators seem to be hiding. I agreed, then added that the Feds are now investigating illegal activity.

Although Team Evil is above the law and the methods they use are NOT directly illegal, I still would think at this time, they would be making their movements carefully.

Case in point, it would make sense to let the market play out as it has been for the last five days.. until a situation was reached where natural market forces create a situation for an easy play, whereby market movement was unpredictable anyway.

This 'idea' if true.. would mean you will see them do their work at this critical juncture. For now, everyone is predicting a lot of sideways movement.. and that means the manipulators are cautiously waiting.. while the rest of us hold our breath.
Comment:
Consensus at &:0 PM Miami USA Time

May TA plotters are still sticking to a rise that will go to

1) 7800 and then fall
2) 7800 and then to 8000 with hopes of a bullish recovery
3) a handful that say we are headed down after lots of sideways movement

The current situation is still WITHIN the forecast model I showed on my ideas going back 4 days. I cannot bet on my model because

- as a rule, I know the manipulators must ROLL with the forces that they cannot control. Hence, they will improvise and be flexible. (My chart forecast includes that range of flex)

- as a rule, I know that Wild movements can stop and start anywhere on the price line.

-
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Sorry about the typos and bad grammar. Fingers are tired.
Comment:
Dyn FC is starting to level off and point down again...

Price can resist the down wind by the following:

- moving sideways, at it has been
- screaming up and defying all logic

Most probable price event will be lower lows in the current sideways fluctuations.
There is also increased risk of everything falling to a new support low.
Comment:
So.. here we are... at Bitc 7707 and ETHER 621

And my forecast for the next drop HAS HAPPENED. I am happy I did a good job of forecasting, but I am also worried whenever we drop. Just how low is in store for us? How fast will the bottom come and how fast will we rise again?
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Ooops. Mistake. Cancel that last comment. LOL
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We're still completing an inverted Head and Shoulders and the price is jumping back and forth between the peaks of a shoulder. The price rose a little then fell a little. We are still on that 'peak' that is forming.
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