BTCUSD : How to react the market manipulation
Huge market manipulation has happening on BTCUSD market.
As you might probably knows, the reason of manipulation is Miners' short selling.
One important factors to predict a commodity's price is "What kind of financial product is entangled to the commodity?".
Gold for example, it had breakout 3 times higher price than all time high after launching ETFs.
Therefore, we can expect next bitcoin move by following pressures and momentums.
Downward pressure : Miners, Futures market, Exchange hacking, USDT fud
(BAKKT is a Futures market. Don't expect good news on the BAKKT)
Upward momentum : ETFs, Number of Network users, Technological upgrade(Lightening Networks)
in this time, we will see next downward pressure: BAKKT.. so be careful until upward momentum happens.
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