**URGENT READ** BITCOIN Manipulation- TIMED CHOPS
PSYCHOLOGICAL ANALYSIS(PA)
State: Panic/Despair
Price: 9k USD
Hello crypto traders and investors,
This post I am making is specifically for traders, for the true investors and followers of Bitcoin's technology would not be shook(HODLERS). So much FUD and news has hit the market after two consecutive days of high sell off in the cryptocurrency market. I as many as many others have noticed a little bit of a trend with the sell offs in the past 48 hours. Specifically both days around 1600PM European Berlin Time/1000AM New York Time there is a huge sell off, marking huge red candles on the chart(indicated yellow). Many have pointed the finger at the prior MT.GOX trustee 'Nabuaki Koboyashi hitting these sales to be able to pay off those who lost many funds in the MT.GOX hacking scandal some years ago. It is rumored he has sold 400M$ worth of BTC since September and he still has 180M$ left to sell.
I personally do not believe Kobayashi is to blame alone, rather I believe there is an insider trading threat on Bitcoin. Paying attention to the chart I highlighted in a ellipse the mark of the beginning of the current downtrend to where we are in. In the beginning it was forming in a perfect cup and handle pattern and every good analyst said BTC was about to break out into another bullrun. Instead massive sales started to come in until suddenly Mar7. at 1600hrs European Berlin Time a large red candle flew across the board in a matter of minutes. This followed again the next day with a huge red candle at the same time. My hypothesis is that someone is trying to cause panic in BTC with timed chops of large BTC on a time synched trading bot. Someone is trying to shake BTC from as many hands as possible before buying it back up and riding it higher and repeat the process. AND ITS WORKING...They squeeze hope out of the people at the top of the double top pattern we saw and then bam drop everyone back down to panic and despair with smart money buying the dip we see a natural bounce.
Across every social media all those that were once motivated and saw a bull run have gone bearish and are actually spreading the false information of MT.GOX prior trustee doing this on his own. So I ask you is this all a coincidence after BTC ran up and hit ATH of 20k in dec? No its not, they whoever they are saw BTC as a threat and saw BTC as a way the common man had access to the largest wealth distribution movement man kind has ever seen. Given the technology of BTC and the block chain they cannot just seize it so there main strategy is psychological warfare on the traders and investors of this market. Followed after each one of those huge red candles we can see a period of panic selling. Bitcoin panic sold for the second time this year down to the 200MA where it seems to have bounced off and is still having slight momentum.
There is about two hours till the 1600hrs mark hits in my current location again and Im very interested to see what these entities will do next. If this hit comes again at 1600hrs it is indeed a bot set to sell at this time to manipulate the market and send everyone into mass panic causing no chance of a natural market cycle like those seen in stocks to surface. The trade the charts mentality does not work in these situations.
In my humble opinion there is only so long they can keep this up, true bulls and hodlers are what are keeping BTC afloat...if there are any true hodlers out there the people who bought Bitcoin for the technology and not for the monetary gain in FIAT I'm with you...Switching my stance on this market. No more TA's only PSYCHOLOGICAL ANALYSIS on BTC will come from profile from now on.
Tell me what you guys think if you read this message....Comment below...something deeper is going on in this market specifically with BTC,
-TRUSTME
State: Panic/Despair
Price: 9k USD
Hello crypto traders and investors,
This post I am making is specifically for traders, for the true investors and followers of Bitcoin's technology would not be shook(HODLERS). So much FUD and news has hit the market after two consecutive days of high sell off in the cryptocurrency market. I as many as many others have noticed a little bit of a trend with the sell offs in the past 48 hours. Specifically both days around 1600PM European Berlin Time/1000AM New York Time there is a huge sell off, marking huge red candles on the chart(indicated yellow). Many have pointed the finger at the prior MT.GOX trustee 'Nabuaki Koboyashi hitting these sales to be able to pay off those who lost many funds in the MT.GOX hacking scandal some years ago. It is rumored he has sold 400M$ worth of BTC since September and he still has 180M$ left to sell.
I personally do not believe Kobayashi is to blame alone, rather I believe there is an insider trading threat on Bitcoin. Paying attention to the chart I highlighted in a ellipse the mark of the beginning of the current downtrend to where we are in. In the beginning it was forming in a perfect cup and handle pattern and every good analyst said BTC was about to break out into another bullrun. Instead massive sales started to come in until suddenly Mar7. at 1600hrs European Berlin Time a large red candle flew across the board in a matter of minutes. This followed again the next day with a huge red candle at the same time. My hypothesis is that someone is trying to cause panic in BTC with timed chops of large BTC on a time synched trading bot. Someone is trying to shake BTC from as many hands as possible before buying it back up and riding it higher and repeat the process. AND ITS WORKING...They squeeze hope out of the people at the top of the double top pattern we saw and then bam drop everyone back down to panic and despair with smart money buying the dip we see a natural bounce.
Across every social media all those that were once motivated and saw a bull run have gone bearish and are actually spreading the false information of MT.GOX prior trustee doing this on his own. So I ask you is this all a coincidence after BTC ran up and hit ATH of 20k in dec? No its not, they whoever they are saw BTC as a threat and saw BTC as a way the common man had access to the largest wealth distribution movement man kind has ever seen. Given the technology of BTC and the block chain they cannot just seize it so there main strategy is psychological warfare on the traders and investors of this market. Followed after each one of those huge red candles we can see a period of panic selling. Bitcoin panic sold for the second time this year down to the 200MA where it seems to have bounced off and is still having slight momentum.
There is about two hours till the 1600hrs mark hits in my current location again and Im very interested to see what these entities will do next. If this hit comes again at 1600hrs it is indeed a bot set to sell at this time to manipulate the market and send everyone into mass panic causing no chance of a natural market cycle like those seen in stocks to surface. The trade the charts mentality does not work in these situations.
In my humble opinion there is only so long they can keep this up, true bulls and hodlers are what are keeping BTC afloat...if there are any true hodlers out there the people who bought Bitcoin for the technology and not for the monetary gain in FIAT I'm with you...Switching my stance on this market. No more TA's only PSYCHOLOGICAL ANALYSIS on BTC will come from profile from now on.
Tell me what you guys think if you read this message....Comment below...something deeper is going on in this market specifically with BTC,
-TRUSTME
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.