Bitcoin's increased manipulation
I was responding to a followers comment, i thought it was worth posting again here: I have adjusted it and added some.
That was a mean move, letting it drop like that while giving the impression that it would go above the 10K. But that's how markets work, pushing bears and bulls out and taking their money while doing that. This move it made earlier today, is exactly a move like that. Giving the impression that price gets sold off many times at 8300, shorts should be placing stops just above that level, than you get a squeeze all stops become market orders, and we get a snowball effect. Pushing many people out who went short to late, tempting bulls to get in again, taking their money as well, and than make the big drop without all those people who got scared out of their position. This is how hedge funds/big players work. And everyone in crypto world were so happy when they saw institutional money would come into this market, thinking it's a good thing for crypto world :) LOL. They are destroying the market, draining money out off the market into their own already packed pockets. They will just keep doing this for as long new money keeps on flowing in this market. Of course they can't touch the HODL'ers money because, so they can only take traders money. But maybe even some HODL'ers got scared and got out somewhere between the 20K high and the 6K low. But make no mistake, once you have tasted this market, you are addicted (for live). So they will re enter this market, just a matter of time. Than even the HODL'ers become traders. And eventually even early investors who made massive profits, will at least 'donate' a percentage to these whales. The gamblers of course will 'donate' everything again. The signs are just so clear and obvious lately that this is going on, unfortunately almost nobody knows, nobody even sees it, but probably they don't even want to know or see it. Humans are greedy by nature, even if Bitcoin (or another crypto coin) could be our salvation from banks, unfortunately their will always be people destroying it before we even get the chance
Recently i saw an article on bloqtimes.com, think it was an analysis from someone here on TV, it said that search results on Bitcoin dropped extremely and keeps dropping. Telling us that people are loosing interest. The high of the cryptocurrency hype is already behind us. The only reason we made that big rally in December, because big amounts of fresh money was pouring into this market from people who were probably buying blindly at the highs. Many of these people are already done with this market. I don't hear people really talking about it anymore, two months ago everyone was talking about Bitcoin. If you look at the Alt coins, you can see this more clearly their picture is much worse than Bitcoin's. My theory is
that new people who are entering this market probably won't buy Bitcoin because it's to expensive in comparence to Alt coins. You can see this clearly when you have the chart with the Percentage of Total Market Capitalization (Dominance) of the crypto's. When Bitcoin's percentage dropped from 60% to 30%. This tells me that all that fresh money went into the Alts. Bitcoin's percentage is 40%/45% lately. The only way a market can grow obviously, is when money enters the market making demand higher and pushing prices higher. I just think with every day that passes more hedge fund money enters the market pushing prices wherever they want. I read recently that the number of hedge funds entering the Crypto market had increased allot. A few weeks ago i posted an educational analyses about volume at Bitmex (XBT) the Bitcoin future. Volume has increased allot the last few months there, indicating (for me) that more big players (hedge funds) are using the future to make money, while pushing the underlying value (the Bitcoin) into their directions. Of course it's not as easy is it sounds, but the strange moves (up and down) are increasing. Continue in the update
That was a mean move, letting it drop like that while giving the impression that it would go above the 10K. But that's how markets work, pushing bears and bulls out and taking their money while doing that. This move it made earlier today, is exactly a move like that. Giving the impression that price gets sold off many times at 8300, shorts should be placing stops just above that level, than you get a squeeze all stops become market orders, and we get a snowball effect. Pushing many people out who went short to late, tempting bulls to get in again, taking their money as well, and than make the big drop without all those people who got scared out of their position. This is how hedge funds/big players work. And everyone in crypto world were so happy when they saw institutional money would come into this market, thinking it's a good thing for crypto world :) LOL. They are destroying the market, draining money out off the market into their own already packed pockets. They will just keep doing this for as long new money keeps on flowing in this market. Of course they can't touch the HODL'ers money because, so they can only take traders money. But maybe even some HODL'ers got scared and got out somewhere between the 20K high and the 6K low. But make no mistake, once you have tasted this market, you are addicted (for live). So they will re enter this market, just a matter of time. Than even the HODL'ers become traders. And eventually even early investors who made massive profits, will at least 'donate' a percentage to these whales. The gamblers of course will 'donate' everything again. The signs are just so clear and obvious lately that this is going on, unfortunately almost nobody knows, nobody even sees it, but probably they don't even want to know or see it. Humans are greedy by nature, even if Bitcoin (or another crypto coin) could be our salvation from banks, unfortunately their will always be people destroying it before we even get the chance
Recently i saw an article on bloqtimes.com, think it was an analysis from someone here on TV, it said that search results on Bitcoin dropped extremely and keeps dropping. Telling us that people are loosing interest. The high of the cryptocurrency hype is already behind us. The only reason we made that big rally in December, because big amounts of fresh money was pouring into this market from people who were probably buying blindly at the highs. Many of these people are already done with this market. I don't hear people really talking about it anymore, two months ago everyone was talking about Bitcoin. If you look at the Alt coins, you can see this more clearly their picture is much worse than Bitcoin's. My theory is
that new people who are entering this market probably won't buy Bitcoin because it's to expensive in comparence to Alt coins. You can see this clearly when you have the chart with the Percentage of Total Market Capitalization (Dominance) of the crypto's. When Bitcoin's percentage dropped from 60% to 30%. This tells me that all that fresh money went into the Alts. Bitcoin's percentage is 40%/45% lately. The only way a market can grow obviously, is when money enters the market making demand higher and pushing prices higher. I just think with every day that passes more hedge fund money enters the market pushing prices wherever they want. I read recently that the number of hedge funds entering the Crypto market had increased allot. A few weeks ago i posted an educational analyses about volume at Bitmex (XBT) the Bitcoin future. Volume has increased allot the last few months there, indicating (for me) that more big players (hedge funds) are using the future to make money, while pushing the underlying value (the Bitcoin) into their directions. Of course it's not as easy is it sounds, but the strange moves (up and down) are increasing. Continue in the update
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A big sign, that we see hedge funds at work, is when basic TA doesn't work as it should anymore. When it get's more difficult to trade TA signs. I have been using TA for 20 years now and i have started to trade the crypto markets for 8 months, confusing signals have increased, traders get fooled more often (including myself sometimes :)). In my earlier analysis i have been talking about these things for months now, so most of my earlier followers know where i am talking about AND know how many times i have predicted many moves spot on! That is of course partially TA but also because of the knowledge of knowing what's going on. That's why i knew the market would never have enough power to really make that big inverse H&S reality. The maximum i gave was a massive bull trap if we would break the 11.700 and go to max 12.500. I was convinced the market would never break the 13K level. I also said, that if it was able, i would flush my theory about where the market will go in the toilet :)For now, i think this 8500/8600 is the high already, i made the red area quite big, but that's because it's a very heavy one! I would become bullish when we break it, but i consider it a victory if the bulls do manage it. I still think we will drop even more coming week, maybe even seeing the 6K levels. I have my eyes set on even lower prices around 4K. Enough talk for now, people who really want to learn something, go through my history and start reading everything. I will keep answering some comments, but i won't answer questions anymore where i have given the answer to many times before. It's not that i don't want to, it just don't have the time for it anymore. Giving the many updates and analysis is already taking allot of my free time, so it's only fair that you do the same :)
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For now, i opened 20% of my short position at 8500 and another at 8600, if will keep adding up to 8800. So i see 50% chance we could still get there. If it wasn't weekend already i would give it 25%, but during weekends prices usually move sideways (within 1000 points). So i don't think we will see big drops this weekend. That's why i predicted Friday a week ago that we would go towards the 9800/10.000 and start dropping on Monday again. Hedge funds are not as stupid as we are by trading 24/7 :) LOL. So it was no magic i predicted that perfectly, just logical thinking. Because it's weekend, i also have a scenario in my head that we break in to the 9K's again, but for now that chance is very slim. The market is still very weak. The squeeze it made earlier today to the 8500/8600, was mostly shorts covering, no real buying. A tactic that gets used more often. I predicted this more or less, only my timing was slightly off. It took much longer that i thought it would, making me doubt it :), but that is just what 'they' do :)Not
These moves, scaring people out. Still a very big chance we bounce up from 8200/8300 again, but it also shows how shaky the market is. Not
Hanging on support now Not
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I am closing half around 8000 8050, reducing risk, i just dont think we will see a big drop this weekend, think the 7500 is the maxNot
For the people who have missed this, cause i talked about it here again. Maybe a good idea to reed this 
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I am out at 8010 with half my positionNot
I had just missed it yesterday, now it's getting to easy to think we will drop even more. Have a nice profit with a good sized position, but it's weekend, i just dont see us breaking the 7500/9000 range. Will most probably just fooling everyone. IF we do drop, i still have half my position. IF we do go up, i have nothing to fear because i have locked in a nice profit already. This keeps me from getting emotional during tradesNot
Good news, i scrolled really fast through the different Bitcoin analysis, i think i see more bulls than bears now. So we don't have to worry about that indicator anymore :)Now thinking about it, it would be ideal to see another leg up towards the 8600/8800 to attract even more buyers in. It's just guessing of course :)
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I have closed the other half also at 7870.Not
I dont think there is much downside potentional today, even the the charts say there is. But it's weekend :)Not
A big sell wall of 360 btc at 7888. My guess is, it's trying to push traders to sell longs or even go short, pushing them into their buy orders. If they are satisfied, we will probably see very soon now, some big wash buy orders and big chance we go up from here. But it's just a guess, it is based on certain theories i have, but they are not waterproof (yet)Not
I am going long now at 7790, with a stop around the 7650, small position. TA says down more, but i say it's weekend and they wont let it drop much more. Downside is not much room left i think.Not
I saw a sell order of 400 BTC getting bought in half a minute, with a 150 btc buy order and many above 40 (big chance wash trading). Within a minute another sell order of 650 BTC at the same price, got bought within a minute or 2, than again another 450 btc sell order. Some strange moves.Not
These are the levels to look at for nowNot
And now thisNot
I have raised my stop to around my entry level at the green area. I am going to ride this one out, chance they will push this higher after making a flag, if not, my stop is at my entry level
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This could be a short term reversal here, so far it has all the signsNot
To be clear, for the ones who do understand what i was saying in my original story. I am nog saying the hedge funds are here to destroy the market intentionally, they are draining it. Look at it as the poker world. The market exploded when that amateur won the WSOP, the whole world got addicted, allot of people were playing poker everywhere. After a while, the pro's were becoming to good with their statistics (maybe like bots in the crypto world) and they kept on grinding the tables. But by doing that, others kept on loosing money and after a while even the biggest gamblers were giving up. The poker world began it's long term bear market. It's quite steady lately, but the hype and number of players is much smaller than it used to be. I also used to play online for many years (not full time), my name here is my poker name :)Here with crypto's, the hedge funds will keen on grinding these market, the amateur traders. Pushing the market to their directions, pushing both sides out. Taking their money at a steady rate. They will keep on doing this as long as they can. But if volume gets to high, Hodlers, hedge funds,big miners and the big stakeholders can't even stop it. At a certain price (nobody knows) could be a turning point, of total destruction or another bull rally. I just think prices of 20K or actually even above 13K are just fanatsy. But hey, time will tell :)
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The bull flag is loosing power, no conviction we need for a real reversal. So chances have increase allot we will drop. Stop still at entry levelNot
Almost through the stop, like i said chances increased allot that it would drop again. It's been a long time ago, that we really saw a follow through after a bull flag. The market is just to weak, no confidence Not
I am still hanging on to my position, stop around the 7650, still think it's worth the riskNot
I feel a squeeze is comingNot
I am really surprised to how weak this market is at the moment. That moment to create a squeeze has already passed. Chances have decreased allot that we form a (double) double bottom here.Not
Something to keep in mind. Most here are drawing the wedge from the 11.700, i know it looks like one, but it's way to big and just would not be in a good position. 
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.