SPOOKY MANIPULATION IS HAPPENING! Chainlink Bullish Wedge Part 2
Welcome to the games. I just want to start by saying that this is some of the most OBVIOUS market manipulation I have ever seen and this gives me some serous doubts about the long term health of this market. It seemed like before we would reach our target of around 24k sats region, but we ended up taking profits at the 22k as we started to turn downwards. I posted a swing trade near the lows to try to catch the 15.5k region dip, which we successfully did. If you had been following my ideas you would have increased your chainlink stack by a nice amount already! However, it is important to use limit orders because we were there and gone in a matter of minutes before bouncing back.
Now this chapter of the game is spooky, so be warned.
You know that fib levels can be scarily accurate, and this can sometmes be chance or sometimes pure manipulation for who knows what reason? Well that last dump pretty much confirms that fib levels, especially the .618 golden ratio are vitally important to some of the big players (look up numerology, it's a rabbit hole and the elites love this stuff.) So previously, the target of the bullish wedge on this graph didn't match any fib levels really. But now that you pull down the fib retracement to the new low, the target of the wedge is NOW equal to the .618 fib level, at 23233 sats. It's almost as if some group of people decided that it NEEDED to be this way and were willing to dump and liquidate many traders while risking and burning a lot of capital to make it happen, since they saw the wedge was playing out but it wouldn't hit a fib level that was good for them.
Of course this bizarre theory could all just be in my head and it's just a trap to play the same game again in the opposite direction as we have seen many times.
Further TA shows it could possibly be a short term bearish wedge with a target of in the 15600 sats region, so I will be taking a percentage profits from my rebuy already to try and load up on some more down there.
Let me know what you think, and please don't forget to leave a like!
Previous analysis:
Now this chapter of the game is spooky, so be warned.
You know that fib levels can be scarily accurate, and this can sometmes be chance or sometimes pure manipulation for who knows what reason? Well that last dump pretty much confirms that fib levels, especially the .618 golden ratio are vitally important to some of the big players (look up numerology, it's a rabbit hole and the elites love this stuff.) So previously, the target of the bullish wedge on this graph didn't match any fib levels really. But now that you pull down the fib retracement to the new low, the target of the wedge is NOW equal to the .618 fib level, at 23233 sats. It's almost as if some group of people decided that it NEEDED to be this way and were willing to dump and liquidate many traders while risking and burning a lot of capital to make it happen, since they saw the wedge was playing out but it wouldn't hit a fib level that was good for them.
Of course this bizarre theory could all just be in my head and it's just a trap to play the same game again in the opposite direction as we have seen many times.
Further TA shows it could possibly be a short term bearish wedge with a target of in the 15600 sats region, so I will be taking a percentage profits from my rebuy already to try and load up on some more down there.
Let me know what you think, and please don't forget to leave a like!
Previous analysis:
Comment:
It's been doing this- testing the bottom of the wedge but continuing to make higher lows which shows that bulls are relentlessly buying every small dip. Normally it will just test once or twice before going towards the target, but this time it increases the chance that this is just a bear trap.
Comment:
If it does break above the 20300 region, it might start a parabolic move up
Comment:
Now you know they say, don't trade noise? This wedge is likely just noise because look at that volume. Completely flat.
This move just looks like an impulse wave up and maybe a bull flag, maybe curved top forming. Stops and position still in play, just need some patience.
This move just looks like an impulse wave up and maybe a bull flag, maybe curved top forming. Stops and position still in play, just need some patience.
Comment:
Flag playing out. Trading also has started on CB.
Comment:
4 hour still looks really good.
Just be careful of these big stop hunting wicks if you choose to trade within this triangle. Target could be a 1:1 fib extension to the spooky levels we talked about earlier.
4 hour still looks really good.
Just be careful of these big stop hunting wicks if you choose to trade within this triangle. Target could be a 1:1 fib extension to the spooky levels we talked about earlier.
Comment:
Now it all makes sense... Coinbase. Of course someone had insider info and their strategy was use the fib levels to sell. You can enter a long here still but be very cautious around the fib levels.
Trade closed: target reached:
TARGET 1 REACHED
Trade closed: target reached:
Target 2 hit. Congratulations if you followed this one. ~100% ROI in just a few days if you managed to buy the dip!
Thanks for the support so far. This is the first time one of my posts has hit 1k views so this is a milestone for me.
IF YOU ARE NEW HERE, I strongly encourage you to follow me on here as this is where I am the most active. I try to post quality ideas every day, sometimes multiple per day. Some days I post nothing because I try to focus on quality rather than spamming sh*t to try and get people to buy trading services by appearing on the front page of here ;). People who monetise their accounts have already messaged me a few times to try and get me to like all their posts if they like all my posts.
Likes don't help me at all monetarily but it does give me motivation lol. This is what in my opinion likes should be for on here, not to be manipulated to promote some signals groups So don't forget to leave a like anyway just for the hell of it.
Thanks for the support so far. This is the first time one of my posts has hit 1k views so this is a milestone for me.
IF YOU ARE NEW HERE, I strongly encourage you to follow me on here as this is where I am the most active. I try to post quality ideas every day, sometimes multiple per day. Some days I post nothing because I try to focus on quality rather than spamming sh*t to try and get people to buy trading services by appearing on the front page of here ;). People who monetise their accounts have already messaged me a few times to try and get me to like all their posts if they like all my posts.
Likes don't help me at all monetarily but it does give me motivation lol. This is what in my opinion likes should be for on here, not to be manipulated to promote some signals groups So don't forget to leave a like anyway just for the hell of it.
Comment:
Oh and also I'm on holiday for 3 days. Will start posting again as soon as I am back!
If you want to get updates on new ideas like this you need to follow me on here, since I think TV's algorithm promotes people who update regularly.
A note on what I said about monetizing pages, I have no problem with people who do it but it's not for me right now and I hope people can understand the effort I put into these charts for free which is why I ask for likes.
Not sure what my goal is with this page as of yet. Who knows what could happen? But for now it is a place for me to organise my ideas to help me and have genuine discussions about the market. I guess my ideal goal would be maybe creating a decent sized group chat or forum, possibly premium just for setious discussion, since the discussion on here is honestly well... You should know it's not the best lol. Low barrier to entry and all that. Same as with other free forums that I am sure my followers are aware of.
If you want to get updates on new ideas like this you need to follow me on here, since I think TV's algorithm promotes people who update regularly.
A note on what I said about monetizing pages, I have no problem with people who do it but it's not for me right now and I hope people can understand the effort I put into these charts for free which is why I ask for likes.
Not sure what my goal is with this page as of yet. Who knows what could happen? But for now it is a place for me to organise my ideas to help me and have genuine discussions about the market. I guess my ideal goal would be maybe creating a decent sized group chat or forum, possibly premium just for setious discussion, since the discussion on here is honestly well... You should know it's not the best lol. Low barrier to entry and all that. Same as with other free forums that I am sure my followers are aware of.
