Short

BTCUSD Bulltrap being set up by market makers?

Updated

Yes, sir! I think so. Best case 5k, most likely will dump right through to 4k. Then relief rally (up to 7.8k), then big dump and bleeding to death, who knows where the bottom is? 1.8k zone decent chance, neutral case 3.3k. Worst case 3 digits.
This is the signal the current market makers have left on the historical chart for Bitcoin in my and many other analyzers' views. It seems they favored "white" cme us dollars $$ over any lambo and moon dreams you have.

Bubble still has not bursted in dramatic effect (some $1-2k instant red candles), that is still reserved for the near future. Bid side orderbook almost non existent up to 5k on the biggest crypto exchange in the world, even the static orders in total compose less than anything above 5.5k (the current trade zone), which means over 50% of the buy orders on bitfinex are the same traders who're playing each day - analyses performed on the orderbook and traded volume of bitfinex and bitmex last several months.

One huge capitulation candle can determine the faith of bitcoin to the likes of the gold and uranium chart, be prepared this is always a possibility (aka mt gox trustee or his clients selling their bags).

All my ideas are my own and this is not financial advice.

Have a wonderful summer!

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If break 6.85k will pump very high on low sell orderbook, but I doubt it very much, it's area where bears gonna dump to defend their positions and taking profit is taking place. Bids almost non existent, so I expecting one more retry to complete bulltrap and force sell longs underwater to either stop out or baghold so they have less cash to spend on the critical defense at 5k which will be pierced through the low 4k zone to complete the monthly bearish case.

Great chess move by the market maker, since almost everyone bullish and calling for bullrun and end of bear market and even mr retail trader calling for reversal, really?

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youtube.com/watch?v=oL_cLtw6WNM&t=17m2s

Trade closed: target reached

Target hit on the dollar

Trade active

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The bears are chilling in the pool with this weather:
twitter.com/KMPHFOX26/status/1013993232089284608

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I've put in short to hedge my long futures @ 6k from weeks ago. Going to enjoy summer holidays, pc will be on to monitor crypto index. I've pulled all open orders. Depending how market goes, I might push button to close all crypto positions and cash out.

Have a nice summer guys.

Remember targets (potential bottoms):
Bullish = 4.3-5.2k
Neutral = 3.2-3.3k
Expected long term = 1.6-2.2k
Bearish = 800-1300

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^ Green = bullish wyckoff case

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There is a chance of fakeout to 7.1-7.15k (distribution zone #2)

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Quick update:
People are über bullish again...
6.65k resistance, 6.8k big resistance and last wave up (if not already, for that $20 I don't think going back up) before continuing the main trend. There were hidden walls spotted at 7.1k from the market profile earlier today. I think people gonna wake up by some nasty price action, probably when they're partying or sleeping again. Both bull and bear counts should have been terminated, but this time I'm prepared for the judas swing like they did last time on the swing failure where I was stopped out, but didn't buy back in at 5% discount, which I should have done, but that's hindsight (since it barely happened before, I didn't take that as possibility, but this space getting more professional by the day, which is a good thing as well).

Can short the neckline of the ihs and catching liquidity at 7.1k just in case and close around 5.2k or hedge to see if it goes to 4.8 or even 4.3, then flip and enjoy the summer ride.

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Very nice, I can short again after taking profit of my first shorts 4 days ago. Not that boring after all again in this weekend pump. It's beginning to be very predictable:
Since April pump ALWAYS weekend pump up to 10k.
Since bottom ALWAYS weekend pump right now still on going.

Can be small pullback before going up to a max of 7.3k, but I don't think so at all, MAYBE 6.845 to be perfect. In any case, I will sell my long futures hedge when it dumps or goes to 7.3k.

This bullish ew seems completed on this fifth. But on other hand, there are no dumps at all (very low vol retraces), so you never know, I'm not controlling this market.

I don't think we leave the weekly purple box, way too bullish on very low volume. Cme still has not updated 3 July statistics for large spec traders... really weird, as they normally update each week and now cme has most volume to date, but I see many vol on the dumps still, so that is still unknown until they release the large spec traders, but now is already too late anyway (hindsight).

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Well that was fun, third time short this area and as expected rejected. Still more selling on fiat exchanges than tethers since January, but bitfinex has higher buy pressure and delta than any fiat exchange, so take it what you will. I trust the data that lets people cash out over anyone sitting in tether for over a year, I mean I'm also in tethers, but I ain't using it as store of value, not sitting in longer than needed.

So nothing changes. I still expect the gap to be filled and retest of 5.96k sooner or later (also for cme 2x gap which is not appreciated on a monday morning) and it seems we're soon have the first leg down to at least 4.7k, so nothing changes. Can be a relief rally thereafter for 2-3 months before heading down to at least 3.3k and probably 2k zone to find a bottom until summer next year.

There can be retest of 6757 and if rejected you have confirmation of your last good short chance. The pump and dump volume, I'm not impressed. The higher it goes, the better returns for shorts.

I'm very sure that support candy is being taken away in the dump first impulse a big move down with bitmex gamblers liquidated en masse.

With this pace, this post can be updated once a month.

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I want to point out never to fomo in, because there are always breakout buyers and this is what happens, instant $150 rejection on the 1 minute chart and a 3% swing on one a very uggly 2h candle. So don't need to say more what kind of market pattern and cycle we're in, because the answers can be found in earlier posts.

And people calling me a moron for warning them of bulltrap and it's very bearish breaking 6k main support, even when it made a swing failure, it's definitely no reversal, which is one of my specialties as a scalper.

Well, then I don't have anything to say to anyone thinking it's bullish, other than they're going to lose a lot of money to smarter people and market will mentally force them to capitulate or drive them insane if they care that much to come here and yell to people trying to help them for free by giving their views based on actual trading way before crypto came on the scene. Maybe it's better those people pay for services for calls to get financially destroyed, so they not only lose money by service, but also by bad call and worst thing, they didn't learn anything, so they are doomed to repeat it in the future.

I know average people who don't know anything about trading that were bagholders (investors) having common sense (intelligence) over people calling "moon", "lambo", "you're a moron" and doing much better by selling near 10k on the bounce and waiting for bottom 1-3k whilst having a dayjob. So for those people, swing trading / long term investing have better returns than trading and I think this goes for most people and I've heard such people appreciate my work and it's my pleasure.

If you're serious about trading, then you probably already know this and come for my ideas, techniques, experiences/knowledge to make your own decisions.

Happy trading or waiting for a good entry to buy in, whatever it is, be patient, I appreciate your support and know that I'm not bullshitting anyone, I even post trade setups before I enter them myself and I trade both long and short, it really doesn't matter to me, although spot buys ('long') is always preferred, but most definitely not in a bear market where the RR is against you (so wait for the (local) reversal if you wanna make some money playing the long-side).

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Well, well. Finex saved the day with a higher high of $0.10... so expect coming back to $6450-$6500 before more down this week after a potential failed bullish swing. Good game.

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It's possible a fakeout to 6.7k can happen when 6.45k is broken. In that case, I will short the neckline of the ihs (for the 4th time, yep, easy profits), no such thing as a valid breakout on low vol in a bearmarket at premium price.

If it does spike to make a higher high wick but stays within the purple box, we can expect sub 5k and the bullish wyckoff case can be thrown out of the window, which has invalidation level at 5.525k.

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The shorts were 80% covered last night @ 6280-6320. Can see it coming up for more down. I won't update all trading my friends and me are doing, including all scalps, just short-medium-long term post here on tv, but you probably figured that out already.

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This would be fun, just to mess up both shorts and (underwater) longs, flirting with 7.2k zone before dump, why not. Extremely unlikely and just TA for entertainment purposes.

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It hit exactly the bullish reversal line on the dollar, let's see what's going to do, a wick down on the daily plus a close above it or play out the bearish count. Good game.

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We had a nice corrective bounce and new price action to determine a lower low for scalping and wave 3 possible blasting through the double bottom to the targets since february (4.8k) and a new target since last week (5.2) for a swing trade.

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Not satisfied with previous chart. This one provides op for intraday/short term trade.

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Target hit $6380. Should go down before up. Bigger picture:

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Looks like we going to 6.45k after all. If we go now already and reject, I can see new lows to lower 4k's already, that would be faster than expected and I'll throw out bullish case. Let's see.

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Corrective move went straight to 4h ob and got rejected, very nice short. Can see mini pump last leg truncated or very tiny higher high inside the white box, then going to bottom, very high chance to break to new lows towards 5540 first.

On next pump, I add more to short.

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Trade is active, hit big ob 6.7.
Short round #5 6.7-6.78.
Hodl short this time, we gonna make new lows.

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I've got to admit, I've overestimated the intellectual capabilities of the mm, whether you call it marketmaker or -mover (technically there is a difference, but you know what I mean).

I've checked the delta's of money inflow vs outflow vs tethers and trade volume vs buy and sell power. What do I see? Again, more money going out since April and still on going at gdax, kraken and bitstamp, while relatively more use of tethers at finex and bitmex.

I've also checked the sell orders and there are a cluster at 6.8k while there is almost nothing at finex and mex, while having tons of support at 6k and below. Now as yourself, how is that possible when there is almost ZERO support at aforementioned fiat exchanges. Sounds like an exit scam to me. Pump it up, then exit via fiat out of market, i.e. an exiting market.

I've asked many friends and they all have exited via fiat or are planning to do soon. So how is it possible that there still is demand for tethers and not destroyed when more fiat is going out on a continuous basis. I cannot imagine any institutional investor is going to touch tether, 0% chance and I doubt there is 2 billion of retail involvements in crypto. The total market cap of crypto I do not estimate more than 15% of fiat inflow, so that puts Bitcoin around 2k when you take in +5% for the alts this time.

Joe Smoe bought the pump and has exit now and is planning to put fiat out, he won, I cannot believe it, but it happened, I've seen the fomo and saw people typed in they bought at the start of pump and now have exited and you can also see from many bullish TA.

I wonder who is at loss here, the bagholders who exit markets last when nothing is left? It's called a bankrun, it happened before when suddenly all those exchanges were "hacked". Exchanges (central banks of crypto) will never lose, because let's face it, the banks in real life will also never lose and probably never will be, if they weren't already in or was their invention from the start.

Also note, just because alt has dropped 80-90% does not mean it can drop another 80-90% from here.

I will watch how this unfolds as more tether probably will be printed, because I can see the "demand", pun intended. So crypto will drift further away from its visionaries, the crypto entrepreneurs and vc backers, oh well.

Trade safe out there, I personally would wait for a good bottom to buy in and send those coins to private wallet.

Targets of interests:
5.2k
4.3k
3.3k
2.5k
1.8k
1.3k
0.8k

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Full disclosure, I'm going to exit market 80% of my equity, minimum. Already started to sell all bags, hopefully one more pump if not, I already have this nice pre pump, so thanks Spoofy for your money, also on behalf of many friends who are unloading and Joe Smoe, may you see being played by orca whales once regulations step in.

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People ask why, here is why (it's not a one time event, it's ongoing, last seen in 2014 before the crash and bleed), and you can also do calculations yourself to see negative delta by exporting raw data to excel and filter it out yourself:
imgur.com/a/Z9X8ghl

Tip: Market is in deep trouble when you see premiums on some exchanges keep rising.

Good luck, not much to update, it's almost at next target $6781, missed by $10, but will most likely retry. Probably more action within 1-2 weeks.

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Didn't saw this coming. Should have listened to my friend Tu who tipped me of the 700m tethers and only eos of alts pumped vs btc (in contrast to 6 feb and april bottom, so that raises a red flag)... Congrats to everybody who longed.

I'm now fully convinced the bear market will take much longer than 2014 as I've said since March, not earlier finding bottom before H2 '19.

But like I've said, it's an exiting market, so am I. You have been given a free ticket at a good price which can extend up to 7.8 - 8.2k. Have nice summer guys :-)

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Gotta admit and be honest, this is my first big loss in several months time, that's trading, no biggie.

I still stand by what I observe is not natural by fiat buyers/investors and it has all the hallmarks of an exit market, which I saw during mt gox vs stamp, the premiums in January finex $100 vs gdax and this happened AGAIN today and the orderbooks of fiat exchanges have never been this tiny for a loooong time, while no alts (vs btc) were pumping except finex's baby eos.

Just watch it for yourself. The bids up to 1.8k on gdax only needs a 52M selloff.

Now my suspicions getting headlighted on same news sites, like this an hour ago
ccn.com/concern-mounts-over-potential-crypto-exchange-wex-exit-scam/

Not fomo/fud, just observations and precautions based on first hand experiences. You can still trade this if you want, I'm out.

Targets: 7.8k - 8.2k

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I don't think I will post more updates after this for a while, you can play this last trade pretty safely still for coming month(s) to the up- and downside a few more times.

I was thinking about something that flashed in front of my mind and had some insights and was discussing earlier with a friend.
Some people are very creepy in pm trying to social engineer and get more info who I am and I will never give you any personal info ever. This username isn't even used at any service I use, not even in the slightest. I will give you hints for gast (German) and 33 (numeric meaning).

I've made some interesting observations from last months. When I start to talk about sensitive topics that not many people know about or can even think about, I will get attacked by trolls or harassed in pm almost instantly, even somebody threatened me to stop sharing this knowledge and the entire idea was deleted.

I will give you a clue on my profile page, you will know enough and it's not only crypto. I've underestimated the powers behind crypto, although I knew from back in the day they started their own 'services' when btc was sub $10, we were laughing about it, but after today, it should be obvious to you after counterparty of unlimited resources lost over 500 million usd in 24 hours.

For those that understand the message, you probably are making big bucks.

Trade safe and know that you're playing a game. Enjoy your free precious time (another form of 'wealth') in the summer and with your loved ones or alone.

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Ok, one more than

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Thanks to Jessica, correction is in order regarding use of tethers today:
Bitmex should be Binance.

I've got a new chart tomorrow, backtested fan gan on mm bittrex with perfect hits. It failed on coinbase, bitfinex and bitstamp. Some surprises in advance:

$1900-$2400 @ not earlier than Q2 2019. It's a personal favorite target of mine.

It's a chart I will use myself to check how price is moving over time and springs forth from a first successful test (the mini bullrun up at mid April, white squared box) I did months ago @

Experimental | Fib speed resistance fan | BTCUSD

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I've been warning you guys for this exit scam pump, despite many traders keep recommending to buy alts and they keep tanking and like I've said, it can tank another 90% from here, so despite the btc pump, you're still net loss fiat.

Don't be a smartass buying dips, because after btc is in next bull, they will most likely tank ANOTHER year like in previous bears. Cash out and don't come back before sub 3k. Exchanges own most supply and fake money, just like mt gox, don't be the sucker last in line, there will be nothing left.

There is no need to make TA, there are tons of whales rekt last few days, which I've also warned about many months ago in my crypto scam post that they will destroy the existing whales by going against their positions and you cannot win vs the house when your fellow traders have left the casino.

Do not keep shorting before the crash, they will destroy you and take your money before the big crash will happen, so you completely miss out. Don't give them any more money.

Be wise guys, don't be greedy and see the opportunity it is giving you right now or you can think about this for a long time after until the end.

Trade closed: target reached

Target hit on the dollar. If I were long, would have sold here.

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Tether pump and dump
pbs.twimg.com/media/DikNt4nW0AEwXR7.jpg

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Another POTENTIAL exit scam in the making this week (as warned many many months in advance):
First Wex exchange few days ago.
Secondly Hashflare cloud miner.

This will be a fun year, especially once audits are required by law. Now you know why Binance wants to host a decentralized exchange and fled crypto friendly Japan, hah, got something to hide?

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No shit people call crypto the biggest ponzi scam in the world, when it trades like a pennystock and does almost a full retrace on zero volume, lol.

And you think ETF will be approved? Think again, they gonna dump on you like all the times before since '15, an instant 30% candle. Price is probably already factored in with this "bullish" news, since the 99% think it's going to be approved, ignorant of the rules and regulations, amazing. Better have some stops when you're long, because the exchanges might outage again.

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This won't be there anymore at the next bottom which saved the previous bear market and you all rely on that data to make your ta and 99.99% of you don't even know it:
twitter.com/Lord_Ashdrake/status/636426449780625408

That's why I've said, when shtf, we are going to 3 digits again.

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Crypto central banker prints another 50 million today. In an exiting market where investors flee with fiat, tether does the opposite keeps increasing their float. Think people.

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omniexplorer.info/address/1NTMakcgVwQpMdGxRQnFKyb3G1FAJysSfz

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There seems to be a lot of misconceptions about what the influence of an ETF will have, an objective take on ETF from an academic and my view on it and wanna share my observation from today.

My observations today from the raw data (lvl 3) and orderbooks and orderflo w (lvl2):
MASSIVE SELLING on FIAT exchanges. Only one who is pumping is Bitfinex and Okex. There is a massive long at $7700 on Okex, the biggest open interest position ever. I think we will dump, because almost always, that #1 huge position gets liquidated.

The most transacted for a certain price on bitstamp in the pump was at the top, normally it's always in a consolidation with 846 btc at one certain price ($7730).

From FA perspective, we're going down, whether ETF is disapproved (immediate dump) or approved (dump later). Why? Because you can also short ETF, so now exchanges has to short on the SPOT MARKET, because ETF's require underlying asset vs a future (derivative). We're trading at premium marked up price, where smart money bought at 2 digits (it was only 3 digits Jan 2017) and expected fiat inflow is just 10-15% of total market cap, rest is fueled by all those scamcoins representing the fiat value 1:1 peg, which will fall harder than the 2008 Lehman brother's scam when even a fraction of people run for the exits.

I give the chances for an ETF approval less than 0.1%, even less than the previous one (and that was denied, so the change is less or equal than 0.0% in my opinion), based on many points in the following paper:
ic.unicamp.br/~stolfi/bitcoin/2018-07-18-0148-vaneck-solidx-etf-comments.pdf

Also, the date of the SEC decision can extend up to end of September.

I wonder how those fakenews websites get away with false promotions and fake bullish news, full of lies, never rectifying their wrongdoings, all in violations of securities law, whether it's unregulated, I can see many lawsuits follow in retrospect after regulations. See:
en.wikipedia.org/wiki/Securities_fraud

It happens every day in crypto. Don't believe the 99%, crypto twitter and the news. They are not for your best interest, but trying to rob you from your money and/or coin to benefit themselves. Crypto is at best a zero sum game and at worst a negative sum game. For be to have a winner, another (or many others) have to lose.

There will be better times, but I cannot see it until at least H2 '19.

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4.3k is next major target, followed by a big bounce before heading towards 1-2k. I will make a chart in the coming days. The low 3 digits to 1k is reserved for serious fud (the perpetrators of price manipulation and violations of security laws, outcome of insider trading after audits are performed and the shutdown of exchanges and people getting jailed where people lose their coin/money again for the xx time) if that ever comes to light before new institutional money has stepped in and they see the same as I see plus more.

This topic of price manipulation to the upside since 2017 and now again is getting heat in politics and in the media last days. Don't think it's the dump only, the key element is the pump and that is what the DOJ, CFTC and FINRA are most likely going for.

It will all come to light, when, I do not know. With the formation of global enforcement agencies, there is no way to escape to, so it's only matter of time.
I'm going with intuition here and hence I'm totally out of tethers now.

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Open up different tabs, bitfinex, okex, bitmex vs bitstamp, kraken and gdax and watch the premiums, especially on pumps and who start this. You will know get a better understanding who is pushing this market and if they are cashing out like in January, before Stamp disabled large withdrawals, with no support for months and sending questionnaires who act as robots, because they most likely were insolvent (see bitcointalk and reddit), before price went back up and people could withdraw again. Heed the warning to all new cryptotraders.

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Again finex trading entire day at premium vs every other exchange out there, at minimum $10. Memories of January 20k -> 6k.

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-9k longs and shorts up, yet price only upupupupup and buy walls at the exact top at kraken. Hate to say it, but told you so, you're not playing vs traders or whales, but the new banksters who got most supply and tethers to do what they want (even 50k or 1k), you CANNOT win vs the house, it's not designed for you to win.
Joe Fomo got this win under his belt since January, he got lucky to bail the titanic, that is, if he sold. ETF approval? Are you kidding me? It's pretty much ruined when even politicians comment how this looks like a pump and dump, lol!

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The chart of 1 hour before

You can see, longs taking profit but this price still goes up (in previous chart +1 hour). Whales my a$$, I know quite some who got rekt in the huge pump and why always the big 500 btc buy walls at the top, hmm.

No accumulation, straight exit pump and pushing price higher, even saw tiny sell offers with spread of 0.01btc on some fiat exchanges, ponzi scam. stevepuri knows

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Another shitcoin fallen today: CHAMCOINNNNNEECTT! Just -89.57% :-)
imgur.com/a/DvWJaVm

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My bad, not 10 years, but potentially 20 years in jail for securities fraud (but this includes obstruction of justice, because if I can remember correctly it was a nominal 10 years + asset forfeiture/hefty fine.
bloomberg.com/news/articles/2018-07-23/bitcoin-platform-operator-pleads-guilty-to-lying-about-hack

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Ok, time for a meme "All the MPC's bowing for the king!"
imgur.com/a/H8dIWZc

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I've talked and questioned about the current situations with a lot of different kinds of people the last few days and today, from early crypto investors up to politicians and it gave some insights of what is going on and what to expect.
This is beyond TA, which fits my observation of an exiting market (although I never expected this huge pump in a very short period of time, I think nobody did if they are honest).

If this is close to all the money that is left and assuming it's mostly the same people that are still in the market (see market cap), then we might continue to see alts dying off in the anticipated "most altcoins go to zero". Most people know this, because the top 10 looked much different in each bear, which is a good thing for king Bitcoin.

Secondly, bitcoin's price still can be pushed higher, especially on empty orderbooks (the notion that mcap is invested fiat in to is ridiculous to start with, because mcap is determined by last market price and my estimations of fiat in the game is less than 10% of entire mcap crypto, especially with low float (empty books, it's meaningless).

This has nothing to do with "investment" or "supply and demand", but rather how to screw up people on margin and I doubt much still can be earned from joe fomo, in fact, joe fomo sits on big fat profits buying lambo candles and bagholders getting an exit ticket, which, in my opinion, should be used when carrying bags and cash out and don't look back until we hit (rock) bottom (we're far away, because like I've said, the same joe smoes are still in the market and after each pump, EVERYONE in social media is still euphoric, we aren't even close to the bottom or desperation stage. Looking at time, this fits well with my analysis of a 1.5-2.5 bear market not 6 months then bull, no, there is a lot of pain to come up to a point people going to hate everything in this space).

This price action we have NOT seen for several years. When also comparing indicators like RSI, the most resembling time was was in December just before the "crash"/bubble pop.

So then, if those people are still in the market and institutions (including the exchanges) are involved, I still expect a crash to new deeper lows, especially how this market behaves like a pump and dump pennystock who reacts/catalyzes on events way before it takes places (in contrast to frontrunning hft bots in the stock, forex and commodity markets) shows how immature this market still is and a horrible investment at those premium prices and this fits "speculation" rather than "investment" well.

In fact, if one truly cared about crypto, (s)he would not look at fiat price, but keeps hoarding coin. I only saw a minuscule part of people adhere to that principle, because the majority looks at their portfolio in fiat, so I cannot take these people serious that say they care about the technology, when all they care about is fiat. At least be honest and say fiat is king and you do it for the money.

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You can still trade it and make good profits (or lose of course), but know your changes (probabilities) when it blows each TA idea out of the water both on the up- and downside.

So I'll only scalp this and close positions before sleeping. Since it tends to only go parabolic without any significant retraces, it's rather easy money to take away from stupid mm (see my post about how I overestimated MM in crypto, unless they use magic money that doesn't exist and cash out your fiat at another exchange or sell otc in $) by buying at lowpoints or even smaller tf resistance breakouts (and I really don't like to play breakouts, but it seems they keep working last weeks, so why not keep using it when it makes money). Open long or short close 12-20 hours later, preferably how I scalp stocks 15m would be even better, but the liquidity isn't there to make a small move in a small timeframe possible. Made a mistake to sleep with coin and the next was going in opposite direction, so that won't happen again.

No need to make TA where it's going, just cold analysis showing key prices of formed structures, price either finds support or resistance here, including consolidation. My bias remains bearish short/medium term, although I'm a long term bull on crypto (so please don't say I'm always bearish, when I was prior to the bubble almost exclusively bullish).

We might see explosive action coming Friday-Saturday (27 July '18), when the blood moon and eclipse happens, the longest one in 21st century. I'm thrilled.

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^ That's what I mean, ZERO long liquidations at bitmex in this drop, they already escaped :-)

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Bullish path

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And the short liquidations en masse happen again, either people are truly stupid or it's all fake, what is it. Multi billion dollar moves accross exchanges are not normal, you cannot win going against that, but it has to be sold as well. Making new chart soon, I don't think the bullish target will be reached, for that to happen with the money that is in market right now, all alts have to die to get to 13k.

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0.25 million vs 0.1 million (2.5:1 ratio) long vs short respectively on Ethereum. Would love to short this at better price to May prices of '17. Let them keep buying first before the big short. Can be a bounce soon, need to be patient.

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"No manipulation" say retail traders. So then, the fomo fakenews of last weeks didn't let exchanges push price beyond reasonable ta levels (with their 500-1000 btc buy walls at the top of of the orderbooks and sell side 0.01 sell orders)? In the last few weeks I don't know how much fake fomo news have come out, at least over 100 articles popped up. Now the same fudsters all releasing the same fud at the same time and it tanks. Coincides again with the CME expiration date, like last 2x +15% pumps at the bottom 10 seconds after cme closed. You gotta be a dumb naive child to think it's not manipulated.

Broke speed fan median, don't think we will go much higher, but you never know in this "organic" market.

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Yeah, gotta admit, like Tone Vays, I didn't thought the futures would have that much impact on bitcoin, but when I backtested it, it's 100% close within days of the exact bottom or top... "coincidence" they say, lol, sure.

Like I've said before, this ain't whales playing, but exchanges themselves. Nobody can move 10 billion of usd(t) but them and put 1000 btc walls at the top and keep moving it. Maybe they can stay solvent this time when we drop below 6k with all the $$ they raked in via cme and cboe, like Venzen said and his theory has been proven true with the last pumps with the observation of Bitstamp when it hit 6k.

Well folks, we gonna see how deep this will crash, don't we. enjoy the ride.

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Pump and dump bitcoin, CTFC gonna love this when they use the excuse "illiquidity" :D

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Forgot to put the bear path, whoops

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Maybe another 2 weeks green up to a month until they're loading shorts and dump. Contracts expired new ones opened and immediate pump 10 sec later. Fud was well planned by the usual fakenews website suspects, in my opinion and I'm fairly sure of it, they are complicit in the manipulation, fabricating real or fake stories and releasing it very timely, so their masters can buy cheaper and then pump on the new opening. Well planned out in advance.

This has become the new trading, observing what those rats do and go with them. Thanks for the money, don't need TA anymore. Short on FUD, 2 min later tanks, close when the selling has stopped. Wait for new contracts open, and go whichever direction it goes. Never thought fomo actually works, but apparently it did for many when they fomoed on each lambo candle sitting on +40% plus this pump, lol.

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Remember Jordan Belfort? Prepare to scale in shorts 1:1 leverage and let it ride to new lows, anywhere between 3 digits and 4k. Just saw a groundbreaking hitpiece of course not posted on your fakenews manipulator crypto websites, but they cannot hide that they're going after the exchanges, which I've predicted as well in February in my crypto scam post, when it's displayed on mainstream media, all hell going to break lose.

Now you know my rational about exchanges moving price (over 10 billion usd(t), not whales, not retail, not investment/hedge firms), the relation to exit scam pump and cme. They don't even hide the manipulation anymore, it's in clear sight in the chart. 3rd pump within 10 seconds of future expiration, what more to say...

Naive, gullible bagholders can rethink their actions for years to come.

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Back, sources in comment section

Trade closed: target reached

Intraday target hit

Trade closed: target reached

Intraday target hit on the dollar again.
Why the hell do you still trade this shit? Let it sink to 2k and don't come back. Short it with futures and don't look back until next year...

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Rofl, tether rescues package incoming Bitfinex, LOL! You know what will happen...

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As expected immediate bounce back. This is another argument why ETF cannot be approved. Pump and dump pennystock.
You are fucking out of your mind if you think government officials will give the green light. Before that happens, a lot of people will be in jail.

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Still waiting for the audit, so we know who puts this 11k spoofing buywall at the top at finex? Too organic demand, yet no buying :thinking:

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This is BIGGER MANIPULATION than Mt. Gox, absolute INSANITY. Good thing is, it's catching up with academia and law enforcement agencies worldwide. OTC my ass, we have never seen this before EVER. The mt gox bottom was 2.5k bitfinex rescue package in 2015... now we have 11k at the top? I call bullshit.

pbs.twimg.com/media/DjcqLT5X0AABweX.jpg
twitter.com/ProfPieters/status/1023913468892733440

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Prepare worst case scenario right now, I personally don't see Bitfinex being around for long anymore, again, my opinion. We're still waiting for the audits since the hack many years ago and I assume it will never come, just like tether audits. This is it, they just want to be shutdown by the government or what. In your face and they don't care.

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20k now

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Spoofing at Bitfinex, 20k wall removed, "no manipulation".

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Exit the market do not come back

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Would love to see a fat finger with that 20k market buy, instant billionaires can be born, who knows, one can only dream :D

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youtube.com/watch?v=5WiXMcsfvXE

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Cya at 2k. Hope you listened what I've been saying for weeks now. Stubborn bulls got crypto'ed. Next is fud news one piece after the other over the next year. Good luck with TA, nobody could predict Enron and Bitconnect with TA as well :D

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LOL, HILARIOUS! Bullshit pur sang. They are partly the ones that pumped and crashed it and are anti regulations. Either this story is 100% fake or it's the biggest joke I've read this year, amazing!

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cryptodaily.co.uk/2018/08/crypto-exchanges-fear-that-the-markets-will-crash-and-want-regulations-to-stop-it/

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Can be a bounce here up to 7.45k, can also be a dump to test 6.85k, which is way overdue.

Trade closed: target reached

Another one in the books, 7.45k. But right now, don't think will be much higher. 7.85k is too obvious, so either we go above it (doubt it) or we continue main trend after looking resistance around $7810 or a bit lower and looking for bottom and end this bullshit, so the bitcoin can actually rise from the ashes... Really don't like to see a 2-4 year bear market, it will be a deathblow to crypto.

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I might have to readjust the targets lower and for a longer timeframe than ancticipated after reading so called "breaking news" of NYSE articles when they go operational. This ain't bullish at all. Pro traders, and I know quite some, only want to short this anything above 5k and cme and cboe cot data proofs this already.

If there is soon a fomo pump, I'm looking for a good short for a quick buck.
Other than that, the trajectory still stands.

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Hmm, I might long scalp this and catch the falling knive for a bounce again. Don't do what I do.

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Ok no lower low, so I won't buy, looking for short op, which I prefer anyway.

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No need for TA, when you can track tether when pump and dumps come, fits perfectly with the timing :D
imgur.com/a/j3XQpe4
imgur.com/a/9MALhNb

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If anyone knows an indicator for tether in- and outflow of specific address on tv chart, please let me know. Would like to have this advantage, it seems to work every single time, lol.

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Why are you so mad bulls? Without bears, there was no profitable trading. Thank both bulls and bears.

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Beautiful price action today, all major support and perma bulls longing resistance blown up. Awaiting new ammunition to continue blowing up fresh arrivals of support, because let's be honest, who doesn't like fireworks live on the charts?

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When the sheep go bearish, time to buy. Gotta love toxic crypto twitter, 99.99% think they know what they're talking about and have constant bad calls. Takes skill to be 99% wrong of the time.

Order cancelled

The last chart is invalidated. Checked bitmex vs okex, shorts are getting discount. This won't look pretty for bulls... Biggest open interest on bitmex to short.
BLOODBATH.

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As soon as I've posted this, the next funding was in favor of longs continuously up till now. Now we got an absolutely mad -0.1 on the shorts... gonna watch this shitshow unfold until it flips again.

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Well, the market is totally f*cked right now. The funding eats all profits from shorts and bulls are too chicken. Short on futures or options. Until operators raking in that cme cash by moving the market, we most likely will consolidate or range to screw both sides up.

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I'm out of my spots, thanks for the ride. Probably topped, maybe 6640-6680 potential small bounce, whales are already short, joe fomo wants to breakeven and gtfo at best price possible, interest rates are insane atm, this is NOT pretty. Good luck, whichever side you're on :D

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Of course the funding normalized when I went to bed, resulting in drop *shaking my head*. Eurusd dropped like Grug Rock as well, double whammy. Waiting for target to get hit to close this idea.

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Bastard frontrunning at kraken with $9.90 and $0.10 or is it denied by inside trading bots. 4th time in a row. Wtf is the problem with all those exchanges these days (fake volume, spoofing, massive fake wall washtrading, bots, lag, errors, outages) and you tell me this cancerous fakenews claiming that 90% of exchanges "WANT" to be regulated? I call 100% bullshit, when that happens almost all of them will be forced to shutdown. They can wick 12% to hunt stops at the exact cent and deny your limits with $0.10, sounds legit.

Anyway, close to first take profit target.

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Those exchanges becoming pure TRASH. Again denied €0.10, last times $0.10. Frontrunning and denying with 250 sell walls right in front of yours, then pull when reverse. Shit PnD. Wouldn't be surprised if they run with your coin and money again with their fake hack narratives when the crash comes.

Anyone know a good bot using hotkeys? Please pm me. This shit should not be traded with hand.

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Short this shit on each pamp, finex has fake buywalls again like during post mt gox. Arbitrage on mex, deribit and spot exchange and dump on finex, then liquidate tethers to cash. They are artificially manipulating price up again (only exchange who hold the 6k when others dipped below). Let them bleed before they collapse using their own central banker shitcoin. There won't be rescue package anymore and bots wont arb them in future either.

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You gotta market dump that shit in those spoofed walls. Immediately they remove, but I will wait for you again with my finger on the trigger, 88% equity left to dump on you. Thanks for the money.

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"No manipulation", ETF here we come! *Pepe rofl*
imgur.com/a/DnpiyNw

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Those MtGox willy bots are amazing.
imgur.com/a/HKRp24r

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And again, Tether pump and dump is 100% direct correlation btc pnd, this is 5th time this week. Cmc interval 5 minutes. Fcking tether and bot fraud. Manipulation will be discovered by DOJ in price pumps, not dumps, that is guaranteed, it's in the best interest of those exchange operators who bought for few cents up to 2 digits to sell to you max price possible and maybe some crooked family offices who take part in it. Can't wait for cheap bits when their assets are liquidated with the push of a market sell button, that corn belongs to the people who actually care, not those new crooked banksters who do everything for $ and screw everything up.
imgur.com/a/4Sxb3X3
youtube.com/watch?v=awU8c8fN2LI

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When the last exchange delists Bitconnect, you KNOW what time it is :joy:
ccn.com/dead-coin-walking-bitconnect-set-to-be-delisted-from-last-crypto-exchange/

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Rip overleveraged traders, many bears liquidated today, they are already FLOORED before we hit bottom, lol

Trade closed: target reached

Lol

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Bounce here a bit, but should see new lows soon. This idea can be closed.

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Bounce can actually be pretty good, looking how everything bounced. Worth a shot playing both sides or hedge. But this idea is closed, scalpers can use chart below for a remaining good trade. Rest of my ideas are medium-long term, so don't have to update a lot, I expect some crazy months to come.

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This scammy bot price action screwed up people wanted to go long and shorts who keep building up and have to cover on any pump that can happen at any time...
Anywho, this is what I see.

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No trade zone. I can easily see + simply because bears are overconfident with overleveraged positions, while on the other hand I can see a shakeout before mazarati candle. A dump to deep new lows will most likely not happen before they are taken out of the game with liquidated accounts or suffering huge losses. Market psychology 101.

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This imaginary bot shitshow never ceases to amaze me, especially when you see all alts pump at the same second, some 15% instantly, LOL, organic buying. Oh wait, 90 million tethers got printed just before it, sounds legit.

Then you see some guys talking about the bulls and the bears and whales and blablabla, awakened or just too stupid or both.

I won't be surprised if one day when I wake up, my buy orders for bitcoin are filled at 2-3 digits and those crooks try to rollback the trades to steal coin from you.

You going to see most exchanges you know right now disappear in the very near future.

Note

awakened = unawakened sheep*

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Such a trash bots. You keep observing what they do for hours, what price they buy at which interval and keep that orderbook in check, then you undercut and put your own walls and suddenly the buying stops. What a complete joke and scam.

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140m new tethers created in a contracting market where people flee in fiat. Who the f#ck keeps buying tethers then? Maybe it's one and the same trying to artificially keep prices high so they can sell their own inventory before they go bust like in '14?

What a fraction of 140m can do on empty orderbooks:

And you got braindead dummies thinking that mcap is total money invested into an asset, absolute morons. Mcap is derived from the LAST TRADED price * total supply of units. It has ZERO to do with actual money in said asset. Imagine an illiquid orderbook with a few bids and asks, price would slippage and spike all the way, subtracting billions of mcap one just a few k USD trades...
There was a study last year how much actual fiat went in crypto and it was like 15%, I'd say it's less than 10%, the rest is inflated with tethers and manipulated upward price.

There probably was and is not even more than a few hundred million USD in crypto assets in total, maybe even including on the sidelines. All you need is a brain, common sense and know that most things in this world are complete bullshit and even the opposite. Crypto indeed has the most toxic, criminal minded and stupid I've seen than anywhere else. You thought 4chan was bad...

Once you stop believing every (bullshit) news article there is out there, things will go better for you.

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LOL, something is wrong Mr. Tether? Such a f#cking joke, go to 1.5k already, it's still 1000-3000x more than what they've paid for, keeping the ponzi scam alive, it's not even funny anymore.

imgur.com/a/ydKungL

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Rofl, they used all tethers. F#cking scammers. Cya at the bottom boys.

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Trade closed: target reached

Click the play button :-) Nice corrective upmove, I doubt remaining targets are finished, still open for next year.

CryptoSwindle

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