WHAT IF WE REPEAT WYCKOFF.....When I was looking at the charts this came to my mind. The candle pattern is in line with what we saw early this year. It's not that I want this or anything haha, but this is just something that struck me. Use it to your advantage! Maybe we are in a manipulation phase again? Who knows right. Let's see.
Manipulation
Daily BTC UpdateBTC has produced a strong green candle moving up out of the demand zone with commitment. This zone has been tested now multiple times and it appears the sellers are becoming exhausted. I'm looking for a breakout to new highs in the short term (days not weeks), but be careful here with your stop losses. There will be a lot of traders looking to take long positions on leverage and this will provide a great opportunity for the whales to manipulate the price down. Don't be surprised if we get a final wick down to liquidate all of the longs and let the whales scoop up some discounted BTC before the break out to the upside.
Stop loss raid on UPS I don't have an idea here but wanted to highlight the obvious manipulation that these institutional crooks get away with everyday. How many call options were hit by this stop loss raid today? How much money did retail traders lose? If you got mugged on the street and had proof of who did it, the mugger would go to jail. Why does wall street get a pass? I was a beneficiary of this raid, got in calls as soon as I seen that long lower shadow but it still aggravates me that this is allowed to happen. This isn't a free market, they are rigged.
Flaming Blades Crypto BehaviorWe know after repeatedly observing the market's behavior that the Flaming Blades 🔥 should be included in the possible action framework of a falling wedge formation....
We named it so due to the increase in its behavior and impact on the market
• liquidations
• price frontrun
• confusion
You can realize this behavior as a pre-taste of what might happen because there have been very few instances of the flaming blades 🔥 taking strength in the formation and changing its direction.
8/10 situations the falling wedge remains unchanged. The Flaming Blades🔥 , on the other hand, still create a great deal of confusion with heavily overleveled hands.
When it comes to the appearance of blades @cryptobetgang just remain patient!
We are open to discussion and your feedback on this topic
$ESH What a sh1tcoin! December, maybe then it will startGODAWFUL drawdown. WOW! GODAWFUL.
BUt December... I think she'll start to dig out then.
That lines up with markets being sh1tcoin through NOvember then taking off again, so mayebe smallcaps will get in o on the everything up blowoff top move.
Bitcoin's Decision! 100k or 20k? Bitcoin has been going higher and higher these past weeks of trading. Now it has a deciding factor. It is coming close to the last fib level which is the 78.6 fib level. This area is very crucial because this is where the big dropped happened. This is not financial advice, but from from Technical analysis there will be a lot of selling pressure around the area that is highlighted.
If there is selling pressure but bulls manage to keep Bitcoin around those levels then we can expect to reach 100k+ by the end of this year and so on.
Triple bullish divergence (MTF momentum histogram) BTC (squeeze)Hello traders,
Triple bullish divergence on the MTF momentum histogram, might not be now or a few hours from now but the short squeeze is coming and late sellers won’t like it. (I'll post TA with the oscillator below this post)
Shorting after a multi-thousand dollar dump is never a good idea even if you think it’ll go lower because a squeeze to punish late sellers usually comes next, once buyers flip the 21 MA momentum will shift to the upside.
1) This price action is an example of why you can’t solely trade momentum oscillators, ltf has been “bottomed” for a while but had a massive red candle shortly after, the same happens to the upside when it’s oversold. Example: stoch rsi (momentum oscillator)
2) Whales know traders watch these indicators and will stop at nothing to spoof them resulting in traders getting chopped.
3) Then once they panic and give into the manipulation the market turns around and squeezes in the opposite direction, like clockwork. (this is about to happen, sellers are trapped)
Please like/comment to show your support if you'd like more technical analysis from me.
👍
CLASSIC Wyckoff Accumilation, manipulating pump on BTCPhase B looks a bit scuffed but this looks like big operators wanting to lure some people into thinking it's going to pump. I believe we are still going to downtrend after any potential pump that may come from this. The 5d and 3d are losing positive momentum quickly and that will mean a downtrend most probably.
We need a social movement against whales and exchanges 👊 Based on TA bitcoin must've dropped. Many opened short but whales and exchanges moved up price against all traders then many liquided. Rising is ok but why price dropped again? It's very clear that somebody just wanted to liquid retail traders. Exchanges are nothing without retail traders they should respect people not manipulating market like that and stealing their money. Something we can do to punish them👇
💵Withdraw all our property from exchanges.
💵Stop trading for one month so exchanges will receive no fee.
I know if we stop trading price may drop and market can deal with a crisis but it's ok because we'll take much more in long term. We fight one time forever
Do some to teach them we're strong and they're nothing without us.
Like comment share. We're strong together 🙏
CLASSIC Wyckoff Accumilation, manipulating pump on BTCPhase B looks a bit scuffed but this looks like big operators wanting to lure some people into thinking it's going to pump. I believe we are still going to downtrend after any potential pump that may come from this. The 5d and 3d are losing positive momentum quickly and that will mean a downtrend most probably.
The Weakness of BitcoinAs Bitcoin continued to rise, there was some point where it was due for a massive liquidity Grab. Couple of days ago, it just did that. Bitcoin dropped over 18%. As of now, Bitcoin is currently consolidating. Base on my TA, I am waiting for the Break down and a re-test for confirmation. Below 30k, there is a lot of Liquidity and I would not be surprise if there is a giant wick that liquidates the area.
For now, there is no trade because we are in a ranging area, If you know how to trade consolidation, go for it,
Also, keep in mind Altcoins has been exploding even though bitcoin has been falling, this indicates that the top is almost in.
Good luck to all.
BITCOIN VIDEO - The Truth You Probably Need to Know 🔖💢Video update:
- Why the price stormed down
- Let's understand what happens next
- How these crashes are expected and how to prepare about them
- The Fundamentals and how they got raped
- How the Market is manipulated
- Which asset behaves EXACTLY like how Bitcoin behaved now ***
- Why this is VERY BAD NEWS ***
- Why Xmas season and retail spending can boost Bitcoin then
- Technical Analysis and which 3 levels to watch
BITCOIN - IN-DEPTH CONSOLIDATION ANALYSISGood morning, Alkalites! Today we will show you an in-depth analysis of the current micro consolidation on Bitcoin.
As you can see here, Bitcoin has formed a pennant retail structure while it’s still in an accumulation phase. We believe that the bullish breakout in the structure will reinforce the retail bias.
This should cause a quick drop to near the psychological level of $43k, gathering that liquidity needed to meet the long-term expectations of continued growth in Bitcoin.
Stay tuned!
ETHEREUM - DEAD CAT BOUNCE OR MANIPULATION EVENT?What if this “dead cat bounce” leads to a macro manipulation event that continues the ongoing uptrend? With the current market conditions, it would be highly likely to face these type of scenarios before recovering.
We could expect the price to bounce off the current levels or near the psychological $3k level. This situation would create a macro OB that would be tested to liquidate lured breakout buyers, gathering liquidity and giving rise to the expected move.
What are your thoughts on this one? Let me know!