Dominance and Robbery, the money game of btc dominance #3Same as May 2021 I mentioned before, the price and D fell at the same time (bitcoin lose more than altcoins). And also the cause of the crash is outside the crypto world: the rate hike. Meanwhile in China, the COVID-19 lockdown in several cities has led to the bankruptcy of small and medium-sized enterprises and layoffs by internet giants like Alibaba. Funds from Chinese retail investors are further reduced, the 'tools' to spread excessive panic are lost which makes the manipulation of D is close to total failure.
Also like I mentioned, if those Chinese miners decide that the D can no longer be maintained then it's possible that they will dump all their holdings.
Manipulation
How Market Manipulation WorksEver find yourself agreeing with someone who complains about rampant market manipulation, even though you don't really know how it happens or where it comes from? If so, do not feel embarrassed; the person complaining about it probably doesn't know either.
The truth is that the practice is so blatant and routine these days that it hides in plain sight. That, or it has simply become a modern taboo among those in power because widespread exposure of it could pose as a significant risk to said power.
Either way, it has gotten so ridiculous lately that it needs to stop before it potentially damages the all-important trust dynamic that maintains the "free" system's status quo.
Thus, let us begin this enlightening discussion with identifying who the direct culprits are.
These would be just about every financial institution that operates in some form as a Market Maker (MM) of weekly equity options. Yes - even your friendly mainstream broker that you had assumed was rooting for your financial success. Basically, if you can purchase weekly put options from them, they are part of the problem.
While this seems absurd, let's just discuss how markets get manipulated before you dismiss the idea entirely.
Markets can get manipulated through any number of sketchy practices. Just refer to the FINRA website and you will find terms for such practices, as well as laws governing their misuse. (Like when crude oil futures reach real negative levels, lol). But, the most tangibly-felt form of manipulation occurs in the way that is depicted in the chart above: by preventing markets from breaking out in either direction, particularly on days when options are set to expire. Quadruple Witching days, for example, are named as such because of how "supernatural" price movements tend to be throughout their sessions. This is complete nonsense, of course, since they move according to how the culprits want them to move - within a pre-defined range that is designed to suck traders into false-breakouts only to close very near the daily opening-cross.
The process of such a corrupt practice is known as price-pinning and it is at the core of every inexplicable market observation that seems uncannily perfect - like when markets only reveal their true direction during the last singular minute of trading. Note the extreme volume abnormality underlying the last-minute candle of today's E-mini session for a perfect example of this.
Despite what is commonly accepted, it is actually the case that MMs are essentially omnipotent, insofar as they can, and do, directly determine the opening and closing prices of individual issues - even on smaller timeframes such as the hourly or 15-minute scales. On most trading days, it is even possible for them to control outcomes on entire indices because of how influential options have become in today's market environment. The really serious problem with this is that it causes markets to crash wildly leading to widespread loss of wealth and subsequent economic severities.
How does too much power in free market system lead to the system crashing? It is because MMs are human beings and are therefore prone to making emotionally-charged mistakes; like getting cocky during times of persistently scarce volatility.
What ends up happening is that on very rare occasions, even bigger market players (like managers of huge pension funds that can affect markets absolutely) decide to unwind their long-held pure-equity positions accumulated over several years in a discreet manner. All the while, greedy/overconfident MMs continue to sell extreme quantities of put options to the public, thinking that there is no possible way that they'd ever need to pay for them at expiration. They'd be correct about this 99.99% of the time, and so they fail to realize how dangerous of a situation their in and how stupid it is to blindly sell such large quantities of out-the-money puts on the open market. The selling is so violent at the point of realization that MMs have no choice but to sell everything at once - even if everyone else suffers from the resultant market crash.
At this point, you might be wondering how this rare scenario has anything to do with the prevalent practice of price-pinning.
It relates because what normally happens when MMs get ahead of themselves in terms of how many puts they short on an expiration day is that they end up offsetting their risk via the mass purchasing of call options as the expiration nears. The calls become cheap enough that the entire cost of this process of risk hedging is pennies when considering the profits generated from selling the much more expensive time-heavy puts to the public. It is also a much more practical way to cover, which is why markets rarely make significant moves (especially downward) on Fridays. The process of MMs selling out-of-the-money puts, which they knowingly perceive as riskless for an exorbitant premium only to turn around and use call options to prevent prices from moving for the rest of the day IS THE MANIPULATION.
To reiterate, what I am saying is that the common form of market manipulation that most people arbitrarily place their blame on is the weekly Market Making process of covering themselves every Friday (and sometimes Wednesdays and Mondays as well) that is the de facto Manipulation that I am trying to convey in the chart above.
The reason why this process should be acknowledged as an illegal manipulative practice, rather than just some existential side-effect that comes with ever-evolving complex market systems is because:
1) It is enabling large institutions to sell grossly mispriced derivatives en masse with no intention of realizing the equivalent risk
2) It is a literal form of manipulation, as per the definition of the word "manipulation"
3) Once understood, it becomes blatantly obvious that markets lack the freedom that has always been pre-supposed, which will eventually change the nature of our
market to something non-sensical, like the concept of equal-outcome investments (you cannot grow your wealth in a market that grows everyone else's wealth at the
same pace, since that is just pure inflation).
To finish this lesson, I will use the chart of yesterday's price/volume action of the S&P futures as an example of how the manipulation of price-pinning can be applied practically:
1) Start with the obvious outlier that is the selling volume incurred at 3:59 p.m. yesterday
2) What this represents is the true bearish sentiment that should have resulted in a panic-sell to close the week
3) The reason why this panic sell never occurred is because MMs had bought very cheap call options starting around noon
4) Specifically, as soon as MMs feared that sentiment had turned bearish enough to threaten their short-put liability, they started covering with calls
5) This can be seen in the upper half of the chart, on the second breakdown, which notched the LOD
6) We can rule out the possibility of a major support bounce because the LOD is simply not a major point of support even if near the 4500 level.
7) This can be corroborated by the lack of historical price action around such high levels of the S&P. To naturally prevent a breakdown of this nature would require a more
historically tested level of support, in my opinion
8) Manipulation resulting from too much leverage and greedy MMs created a very tiny snapshot of the wrongdoing, which is captured full-circle in the volume reading of the last minute of the session.
I hope I was able to present this entire idea in a sensible way. Manipulative practices are very hard to pinpoint, prove and define, which is partially why they can persist for months on end. On a personal note, I really hate this type of market environment because it sucks to trade and limits the possibility of what makes markets fun in the first place. Ironically, I am sort of doing the very kind of complaining that I made fun of in the opening paragraph - the only difference is that I am certain about what is causing my frustration.
-Pig-Police
CME_MINI:ES1!
AMEX:SPY
SP:SPX
CURRENCYCOM:US500
DJ:DWCPF
How a market manipulation works, second episodeIMO market manipulation is part of trading, but only big players are able to perform such operations.
I observed one of those last year and reported here
If you look at btcusdlongs you can see currently there is an unprecedented desire for btcusd longs in Bitfinex, this extra ordinary longs at this level of btc price imply that there are many whales betting on long side, but some thing is fishy when considering the sentiment, SPX and other economic metrics etc. i.e. market is not that hot that this level of longs (all time high of longs) show. Probably it is a false signal by whales as their true estimate is down direction and are managing to dump at this station, maybe after some false breakouts or immediately.
last year July, at same price the opposite signal in short side fired by btcusdshorts, pretending the market is crashing while it reversed , that idea link is below, if you want to learn more.
Long BTCUSDT A lot of traders try to be right after I warned about the manipulation and some refused to listen and give into whales manipulation.
After btc hit the price of 31700, it went back to the whales support at ~29k , it will tempt people to sell again and trap sellers at support.
After making an ABC correction, Bitcoin will now move up to form wave 3 , please do not short it and become food for whales. But long it instead.
We should forms support again and go back up since there is upcoming USD CPI news.
Hence, I am expecting a sideway move again to try bottom sellers at support and getting excited that we will go to 25k .
The whales are tempting you to short bitcoin so that they can push the prices up by doing this sideways movements.
After the H4 had formed a leading diagonal based on wave principle, it make this sideways movement for people to think that it will go down further and tempt people to short. Then, it went up as predicted but some shorters and smart guy will sell it thinking that it is a bear flag and got rekt.
Do not be deceived by the whales manipulation.
This manipulation by whales are food for them as retails traders getting liquidated easily.
It is trying to make you think that we are going down, so that you will be shorting the support here. But , Do not get deceived by the whales!!!!!
I realized everytime the whales push it back down to the demand, they will do this type of manipulation.
The rectangle shows the strong demand zone at 29k whereby the broken resistance turned support and now we are back in this area.
This is because they are accumulating shorts and piling up their btc spot positions for it to move up further.
The whales are accumulating. It is trapping breakout traders to short here, this will bottom here.
Long btc . Sick of this sideway obvious manipulation by whales.
A lot of people had lost money buying optimism, lunc, luna and investing in scam coins and wanted to recover their losses,
Whales had been defending this 29k level multiple times. Everytime, it hits this level, it will bounce back.
Everytime, it drops below 29k , it will rebounce back, this shows a sign of strength where whales are accumulating.
This might be your last chance to buy bitcoin at the dip before going to 100k. ( long term target).
But first, the short term target is 33.4k as price target.
The whales will breakout traders thinking it will go down but it will go up.
Do not short this but long instead, the manipulation is too easy to be spotted.
This is very bullish , long bitcoin and take profit at 100k. To the moon.
This should be the macro bottom. Simple whales with their obvious manipulation.
Hence, btc should moon from here and target 38k .
First target should be 34k .
On a higher time frame, it made a impulse and ABC correction, soon it will moon and everyone will get rich like WOW?!
This is not a signal and do not follow but a trade idea. Use your brain to trade and don't follow blindly!
Disclaimer - This analysis alone DOES NOT warrant a buy or sell trade immediately. Before you enter any trade in the financial market, it is very important that you have a proper trading plan and risk management approach
SPX - Insight on the S&P500 last move and the INCOMING trendHello traders,
The SPX has showed us a beautiful bump on the last objective I made on my previous post.
Nevertheless, it has decided to go and reach lower objectives, and IMO we should go finally hit the 38.2 objectives at the price $4052 .
I have more objectives at a lower prices which are
The green zone: 4042/4023
50%: 4007
61.8%: 3961
Therefore, after hitting one of those objectives, we will go back in a Bull trend to enter in our C of the ABC
// I show you exactly how I found them with the Fibonacci tools in the screenshots below.
And go check my other ides on SPX where you can understand also better where we at.
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BTW, I am selling a PDF , regrouping all the knowledge I have found on Elliott Waves , from the greatest analysts books, into a clear, simple and explicative way,
Contact me in private, or in comment if you don't have enough reputation point if you are interested
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Don't hesitate to comment and check my other ideas
Long BTCUSDT (Ascending Triangle)Bitcoin is making an ascending triangle which forms higher high and lows.
The whales are tempting you to short bitcoin so that they can push the prices up by doing this sideways movements.
The rectangle shows the strong demand zone at 29k whereby the broken resistance turned support and now we are back in this area.
Do you ever wondered why the whales keep defending this area?
This is because they are accumulating shorts and piling up their btc spot positions for it to move up further.
The shorts of liquidation map is piling up, guys you all should go long because they will rekt the shorters.
It shows a strong demand on this 29k area for bitcoin , It should had filled the CME gap at 29k but it didn't because btc is very bullish , the whales are accumulating. It is trapping elliott wave traders to short here, this will bottom here.
Long btc . Sick of this sideway obvious manipulation by whales.
A lot of people had lost money buying LUNC and investing in scam coins and wanted to recover their losses,
Whales had been defending this 29k-30k level multiple times. Everytime, it hits this level, it will bounce back.
Everytime, it drops below 29k , it will rebounce back, this shows a sign of strength where whales are accumulating.
This might be your last chance to buy bitcoin at the dip before going to 100k.
Bitcoin created a retest of the broken support turned resistance with bullish candle with a clean candle to 31700 USD, this should push the price up to 31700 as clean candle. The whales will trap wave traders thinking it will go down but it will go up.
Do not short this but long instead, the manipulation is too easy to be spotted.
It could even go to 33k for the top of the ascending triangle.
This is very bullish , long bitcoin and take profit at 100k. To the moon.
This should be the macro bottom. Simple whales with their obvious manipulation.
Hence, btc should moon from here and target 38k .
First target should be 33k .
On a higher time frame, it made a impulse and ABC correction, soon it will moon and everyone will get rich like WOW?!
This is not a signal and do not follow but a trade idea.
Disclaimer - This analysis alone DOES NOT warrant a buy or sell trade immediately. Before you enter any trade in the financial market, it is very important that you have a proper trading plan and risk management approach
Long BTCUSDT (Manipulation)The whales are tempting you to short bitcoin so that they can push the prices up by doing this sideways movements.
The rectangle shows the strong demand zone at 29k whereby the broken resistance turned support and now we are back in this area.
Do you ever wondered why the whales keep defending this area?
This is because they are accumulating shorts and piling up their btc spot positions for it to move up further.
The shorts of liquidation map is piling up, guys you all should go long because they will rekt the shorters.
It shows a strong demand on this 29k area for bitcoin , It should had filled the CME gap at 29k but it didn't because btc is very bullish, the whales are accumulating. It is trapping elliott wave traders to short here, this will bottom here.
Long btc . Sick of this sideway obvious manipulation by whales.
A lot of people had lost money buying LUNC and investing in scam coins and wanted to recover their losses,
Whales had been defending this 29k-30k level multiple times. Everytime, it hits this level, it will bounce back.
Everytime, it drops below 29k , it will rebounce back, this shows a sign of strength where whales are accumulating.
This might be your last chance to buy bitcoin at the dip before going to 100k.
Bitcoin created a retest of the broken support turned resistance with bullish candle with a clean candle to 31700 USD, this should push the price up to 31700 as clean candle. The whales will trap wave traders thinking it will go down but it will go up.
Do not short this but long instead, the manipulation is too easy to be spotted.
This is very bullish , long bitcoin and take profit at 100k. To the moon.
This should be the macro bottom. Simple whales with their obvious manipulation.
Hence, btc should moon from here and target 38k .
First target should be 33k .
On a higher time frame, it made a impulse and ABC correction, soon it will moon and everyone will get rich like WOW?!
This is not a signal and do not follow but a trade idea.
Disclaimer - This analysis alone DOES NOT warrant a buy or sell trade immediately. Before you enter any trade in the financial market, it is very important that you have a proper trading plan and risk management approach
Long BTCUSDTThe whales are tempting you to short bitcoin so that they can push the prices up by doing this sideways movements.
The shorts of liquidation map is piling up, guys you all should go long because they will rekt the shorters.
It shows a strong bullish sign on daily candle on btc , it formed a support on daily and it will reverse from here and clean candle up to 31700. it is trapping elliott wave traders to short here, this will bottom here.
Long btc . Sick of this sideway obvious manipulation by whales.
A lot of people had lost money buying LUNC and investing in scam coins and wanted to recover their losses,
Whales had been defending this 29k-30k level multiple times. Everytime, it hits this level, it will bounce back.
Everytime, it drops below 29k , it will rebounce back, this shows a sign of strength where whales are accumulating.
This might be your last chance to buy bitcoin at the dip before going to 100k.
Bitcoin created a support with a green candle and it had formed a morning star daily candle closed with bullish candle with a clean candle to 31800 USD, this should push the price up to 31700 as clean candle. The whales will trap wave traders thinking it will go down but it will go up.
Do not short this but long instead, the manipulation is too easy to be spotted.
This is very bullish, long bitcoin and take profit at 100k. To the moon.
This should be the macro bottom. Simple whales with their obvious manipulation.
Hence, btc should moon from here and target 38k .
First target should be 33k .
This is not a signal and do not follow but a trade idea.
Disclaimer - This analysis alone DOES NOT warrant a buy or sell trade immediately. Before you enter any trade in the financial market, it is very important that you have a proper trading plan and risk management approach
Long BTCUSDTThe whales are tempting you to short bitcoin so that they can push the prices up by doing this sideways movements.
The shorts of liquidation map is piling up, guys you all should go long because they will rekt the shorters.
A very clear manipulation by the whales. They keeping btc in the range to hunt stoplosses.
Buyers stoplosses had been hunt and now is sellers' time.
lot of people had lost money buying YFII and investing in scam coins and wanted to recover their losses,
Whales had been defending this 29k-30k level multiple times.
Everytime, it drops below 29k , it will rebounce back, this shows a sign of strength where whales are accumulating.
This might be your last chance to buy bitcoin at the dip.
They hunted the buyers stoploss below 28k and closed back into the range.
BTC had made a bullish flag pattern and it fake out of the range.
It made an inverse head, and closed back into the range.
This is a bullish formation whereby btc made a fake up before going up.
Now , btc is doing a small weird correction before going up to 38k
This is very bullish .
This should be the macro bottom.
Hence, btc should moon from here and target 38k .
First target should be 33k.
This is not a signal and do not follow but a trade idea.
Disclaimer - This analysis alone DOES NOT warrant a buy or sell trade immediately. Before you enter any trade in the financial market, it is very important that you have a proper trading plan and risk management approach
Long BTCUSDT(Manipulation)A very clear manipulation by the whales. They keeping btc in the range to hunt stoplosses.
Buyers stoplosses had been hunt and now is sellers' time.
lot of people had lost money buying YFII and investing in scam coins and wanted to recover their losses,
Whales had been defending this 29k-30k level multiple times.
Everytime, it drops below 29k , it will rebounce back, this shows a sign of strength where whales are accumulating.
This might be your last chance to buy bitcoin at the dip.
They hunted the buyers stoploss below 28k and closed back into the range.
BTC had made a bullish flag pattern and it fake out of the range.
It made an inverse head, and closed back into the range.
This is a bullish formation whereby btc made a fake up before going up.
Now , btc is doing a small weird correction before going up to 38k
This is very bullish .
This should be the macro bottom.
Hence, btc should moon from here and target 38k .
First target should be 30k
This is not a signal and do not follow but a trade idea.
Disclaimer - This analysis alone DOES NOT warrant a buy or sell trade immediately. Before you enter any trade in the financial market, it is very important that you have a proper trading plan and risk management approach
whales manipulating bitcoin to the down side being sneakywhales manipulating bitcoin to the down side being sneaky
Heres how they are doing it:
They are buying bitcoin, etheum, etc in very small increments so trades are not noticed and retail can capitalized on it by selling into spikes.
Then they keep acculating until they see retail coming in to buy when fomo comes in
As soon as the algos determine they have enough retail suckers trapped the dump all there buys all in one shot causing retail to panic sell at a loss causing prices to plummet.
Then they buy the dip and slowly accumulate and start all over again all while maintaing lower prices as they go to not allow long term holders to regain there losses. if retail tries to catch up they will eventually run out of money or sell at a loss.
Brilliant.
What to do? Dont short term long trade. Its a waste of money and time since retail dont have market manupulation money like whales have. Only thing to do is buy on dips by dca and hold until bull cycle returns in 3-4 years. And hope fed starts printing money before then to keep cycle going. Lets see what happens.
Bitcoin 4H range. My thoughtsBitcoin has been consolidating inside of a range since the beginning of 2022. This range is showing obvious signs of a distribution phase (manipulated highs/higher highs).
Right now it seems like there are equal lows at around 37k ready to be wiped for liquidity. There is also a daily supply zone at 46-48k which I think price is very likely to tap for one more higher high before topping out and moving lower. Now whether 37k gets manipulated first or 46-48k I have no clue tbh but it makes more sense for it to move up to the daily supply before going down to tap the lows at 36k and later 30k. So if I had to choose, money is on 46-48k first then 37k. Now do with that information as you will, and as always, gl traders!
NOT FINANCIAL ADVICE!
GBPCHF UPDATEGBPCHF played out nicely since this mornings analysis i posted her
The price pumped above the trendline stopping shorts and trapping bulls, we had LTF entry confirmations inside of the supply zone i mentioned -so far partials secured running 3R
I hope some of you managed to capitalise on my previous analysis. We are holding this trade bearish momentum is increasing at the market rolls into the BUYERS stop losses.
Tech selloff templateI still think bitocin is leading markets and markets like tech/QQQ are playing out something like this in the chart.
With the two fed dates marked in vertical dashed lines.
May 5 FOMC talk I suspect actually makes matters worse when there is no indication of fed changing strategy and markets sell off into May 25 bottom after which fed says something dovish - this will set up a bull trap for their institutional buddies to sell into. I think the game is entirely rigged not by the fed but by the people who control the fed who are manipulating the market when they can to suit narratives that the public buys off on.