I keep seeing YouTubers "technical analysts" post day after day announcing "bullish signal breakouts" only to post "we failed to break the resistance/target" videos the following day ever since the predicted crash happened in May.
So, let me tell you straight up about the game that's being played here.
They're manipulating you. STOP BUYING THE SHILLS.
THERE ARE NO INDICATORS RIGHT NOW SAYING THAT BITCOIN IS IN A REVERSE TREND. SO THE ONLY TREND RIGHT NOW IS DOWN. ANYBODY WHO SAYS SO ARE ONLY MANIPULATING YOU TO ELIMINATE COMPETITION WHEN BITCOIN DIPS DOWN TO 20K.
-The price is all below moving average = BEARISH -Head and shoulder pattern = BEARISH -The RSI haven't even put any reverse trend signal and still have some space on being oversold = BEARISH -Blood Diamond pattern forming = SUPER BEARISH -MACRO AND MICRO downtrend pattern = BEARISH -Elliot wave still aren't complete for the 5th wave downwards = BEARISH
YES. YOUR FAVORITE YOUTUBER CRYPTO ANALYST IS MANIPULATING YOU. AND YES, THEY'RE PAID BY THE MARKET CREATORS WHICH ARE THE CRYPTO EXCHANGES.
They will shill these coins as bullish to make you buy in at 30-38k BTC range to trap you into spending your money over these false breakout and advice you to buy these 30k dips masking it as "dollar cost averaging advice" so when the real dip happens you'll be out of spending power and that they will have no competition in buying these 90% off sale Alt coins when BTC dumps to 15-20k. Which they will then later shill to you as bullish when they start spiking up the prices for retail traders FOMO kick in.
BTC will go to 20-24k range and possibly lower and it will drag the entire market down with it, I guarantee you. Be patient and don't play their game.
money waiting on the side. I like this idea but also find it hard to believe they would make it this easy to make money
christophbanks
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@ThumbSkin lots of people got rekt at 64k, 40k, 37k, and lots more will get rekt. It’s only easy if you know what’s going on and have a clue on what to do but sadly at least 90% are clueless when it comes to technical analysis and most of them depends on what these youtube manipulators are saying.
ThumbSkin
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@christophbanks, okay makes sense. I'm not aware of those circles so just seems to easy for me.
christophbanks
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@ThumbSkin when the big dip happens you’ll see the same people(the one who’ll get rekt) who praises crypto quickly turn the other way and say it’s a scam.
cyberholz
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So... extended Wyckoff accumulation pattern?
christophbanks
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@cyberholz, hmm I haven't really looked into the Wyckoff pattern of BTC yet but base on the sideway movements and the indicating targets to the downside and the time frame we're in, I think we're transitioning from phase D (Correction) to phase E (Redistribution) then towards the Wyckoff accumulation schematic for the month of August through December.