Marketmanipulation
USD/JPY 4-Hour Chart Update #3 (3 Mar 2021)Summary of technical analysis on the USD/JPY:
- Fib(0) changed to 106.957 high of 10:00 candle
- Stophunting session to grab the selling liquidity
- Temporary long ('short squeeze') & then short
- Swing is overextended to the upside
- RSI pullback to probe above the 70
- Extremely low volume for a new high
Elon-mania - How long can cryptos be hyped?What an extraordinary time we live in! In less than 2 months Elon Must managed to change the crypto world. With the power of a tweet, he managed to double his crypto assets value. And he is not getting a sizable fine! If any of my dear readers remember, last time he performed a similar stunt tweeting about taking Tesla private, he received a $20m fine for market manipulation.
So, anyone curious why Elon is changing the world for the better with cryptos? What's in it for him? Here is an interesting thought experiment proposed from a couple of my followers from California, USA. Follow the money. We sat down in a social distant manner in web meeting and ran some numbers.
Tesla purchased $1.5b worth of BTC in January. There was not a single purchase order of that size. Actually, nowhere near it. Therefore it must have been a slow constant acquisition not to spike volumes or get whales suspicious. We traced steady volumes Dec-Jan and it is very likely that Tesla was slowly purchasing BTC around 24-26k mark. That would have bought Tesla about 60k BTC. We highly doubt that Elon would even mention BTC while Tesla was purchasing not to spike the price. That means that purchase was complete by the time Elon added his famous #Bitcoin. Check the dates and run the numbers 😉
So what's in it for Elon? 60k BTC as of this morning was worth in a ballpark of $2.9b, basically doubling the asset value for Tesla (Elon). Well played, just surprised he is not getting $1.5b fine for this 😂
How about ETH? It is difficult to say today's market's reaction, however, all assets are widely overpriced. That should spell a retrace.
Today's technicals: Position is short. Forecasted highs are at 1900 unclear of any limits. There seems to be a resistance forming at 1815. Mid-way point now moving to 1680. Forecasted lows at 1630 and unlikely to drop below 1600.
Don't forget that technical data renders useless against people irrational behaviour. Stay vigilant and change to Long in case market shifts direction.
Have fun trading! 🤑
Love hate relationshipI haven't adjusted a damn thing on this analysis outside of letting it play out for a day.
Technically, the analysis is sound. XRP is acting exactly as expected.
But damn is it boring to watch in contrast to the rest of the market.
The candle at the culmination of the pennant was bullish as expected... Just the volume was a dud.
Like lighting a bottle rocket that was dipped in water. Sure, the wick lit and burned...the bottle rocket might have even traveled a foot or two...but then it just stopped.
Agonizing.
Nevertheless, I think this is because the enthusiasm of the American market is unrealized due to exchange delistings and trading suspensions.
Future? A slow climb in conjunction with the bull market. Until Ripple settles with the SEC, or receives a verdict. Then, meantime.
Happy trading my friends.
NOT FINANCIAL ADVICE.
BTC will HIT 55K by tommorow!This wave is massive and the pressure is incredable so this looks like a game stop thing to me! I am sure that someone is driving this puppy and it wont stop anytime soon! the wave of volume is just starting so 50K in the next few hours and then a rest maybe and then another pump to 55K or maybe higher.
Tasteless BTC market manipulationSo Elon Musk decides he can't wait to let BTC run it's "natural" course and feels he should abuse his influence to pocket some good money.
I'm not trading on BTC, but there are plenty people who are and who rely on actually being able to trade on 'reasonable' trends.
This is in poor taste.
I never had an opinion about Elon Musk, but I do now; he's a selfish man-child.
💰 Market Maker in Crypto Space. IntroductionGreetings, fellows!
We are introducing a new article series about marketing making (MM) in cryptocurrency exchange. In these articles we will be focusing on the main MM strategies, current market trends and how to trade in this sphere.
Firstly, it is very important not to get confused with the “market maker” meaning in the cryptocurrency sphere with the same term in classical markets. The only thing they have in common is that MM creates liquidity and it balances the market, and nothing else. In the classic MM, there is an agent who has to keep open the bid and ask orders with a particular (short) spread (between them), which is creating the exchange tool’s liquidity.
• Who is usually a market maker in a cryptocurrency exchange market?
Well, usually it's a small team, internal department, or maybe attracted specialists from the private companies. The team always includes a minimum one programmer and few traders (trading robot operators).
• What is MM’s main goal?
MM’s main goal is mercantile, all he wants is just to make money on an exchange tool manipulated by the agent himself. This goal is achieved by coin/token distribution into specific/perspective moments between the team members. For example, MM is forming an attractive graphic pattern while the market is growing to attract more potential customers. MM’s final goal is to choose the maximal amount of money or/and stronger cryptocurrency (BTC, USDT, ETH) they are planning to exchange into controllable “wrappers”
Note: not every cryptocurrency project has trading and programmer teams that are ensuring the liquidity of their tokens or coins on the exchange market. Graphs below show the two typical examples, first one contains MM and the other doesn't. First graph clearly shows that trading bots have an impact on the tool’s price, spread and direction.
We have a successful personal experience in this sphere. We were taking part in trading bots development and adjustment of trading bots on multiple exchange markets. Our plan is to have comments under each technical paragraph, where we explain and give real life examples.
Next, we are going to analyze in detail the strategies and methods used to carry out this task, if we see that you are interested in such an article.
MMM CYCLE: EURUSDI hope you all had a great weekend!
EU is currently in range condition. We will wait until we have a clear direction before we make any more projections.
Manage all trades according to your trading plan.
***This information provided is not to be taken as a trade signal. Trends and analysis can change at any time.
Feel free to message me with questions and comments.
MMM CYCLE SHORT: EURUSD
We had an AWESOME day today in EU. Congrats to all of those who took profit! We had very clear patterns and opportunities to enter this trade short during the session. We will continue to look for shorts going into tomorrow's session.
*NEWBIES: LOOK FOR SELL OPPORTUNITIES ONLY*
Daily: Short
H4: No harmonics:
H1: L2 short
Look for clear entries during trading hours on the M15, 5 & 1.
Manage all trades according to your trading plan.
***This information provided is not to be taken as a trade signal. Trends and analysis can change at any time.
Feel free to message me with questions and comments.
MMM CYCLE SHORT: EURUSD
Hey Guy!
We have an official peak high to trade away from. We have a cross in out EMAs as well as a 72pip close away from today's open. We will be looking for continued shorts during the London session. A trap though the bottom of today's Asian range, an ID50 or a trap though the 50 figure would be ideal.
Daily: Long
H4: No harmonics
H1: L1 short
Look for clear entries during trading hours on the M15, 5 & 1.
Manage all trades according to your trading plan.
***This information provided is not to be taken as a trade signal. Trends and analysis can change at any time.
Feel free to message me with questions and comments.
MMM CYCLE SHORT: EURUSDHey guys. This is a prime example of why we always trade in line with the daily and H1 EMA cross. We've some nice opportunities for entries short. It's simple. We will continue to look for opportunities short until we have an anchor for trades long. We do not predict. We react to what the market gives.
Daily: short
H4: no harmonics
H1: EMA cross short, possible level 1 reset
Manage all trades according to your trading plan.
***This information provided is not to be taken as a trade signal. Trends and analysis can change at any time.
Feel free to message me with questions and comments.
MMM SHORT CYCLE: EURUSDPeace guys. I hope everyone had a great first half of the week. So far our bias is playing out as expected. The market makers to tend to stand aside in L2 and let the retail traders have at it. This is one reason we tend to see most resets happen in L2. The daily is trending long and we saw the day close with a wick to a daily zone flip. On the H1 we see price possibly trapping though the water setting up for the short. For safe traders, stay out until price confirms either a reset or the continuation. For others be ready to trade both ways tomorrow during long. Happy trading.
#thepowerof3s
#reactdontpredict
BTCUSD: Market makers target agreements?Dear trading enthousiast,
Maybe I am suffering from tunnel vision, or confirmation bias, but I see many trend lines converging to a ~6400/6500 target to the beginning of May (and a capitulation afterwards).
Earlier I expected a pullback before reaching the top of the channel, but I think we won't see that happen (in fact, I don't think the bottom of the channel will hold).
In hindsight, I think market makers only needed to agree on two targets (as depicted) to compute and program all support and resistance lines in their bots for this rally and final stage (with capitulation) of the bear market. This market is mostly controlled by trading bots and these bots need targets.
Just my view on crypto and I am curious about your thoughts!
TheNDK
This post is just for your entertainment and not financial advise!
GBPCAD clear trendGBPCAD is in a major uptrend giving us nice and clear Higher Highs and Higher Lows.
If we see past data, the bounces on the trendline and Stochastics reversals were clear and precise, and this exact same pattern is occurring right now, adding this time a harmonic pattern to our charts. Also, if we see the daily candlesticks, bullish momentum is CLEARLY dying for the pair and more sellers are coming to the market.
We should see this pair alongside all GBP pairs dropping to key levels. Will go short once Stochastics cross each other.
TRADE IS VERY OBVIOUS SO BE AWARE OF MARKET MANIPULATION.
Bitcoin priming for a massive pullbackIt feels like the trade bots are really trying to complete this H&S (continuation). If Bitcoin loses support at $6k, a $5800 test will complete the H&S. If H&S is completed, we might expect the pullback to equal the height of the pump from $5800 to $8500 (+$2700). That's a $3500 target from current $6200 range.
I know, I know, "H&S doesn't happen at the bottom" you keep saying; but if we're not at the bottom, then that is logical fallacy. Until we are clearly out of range of it completing, then I'll continue to trade it like a H&S.
If a H&S pattern finishes where this trend says it shouldn't, then market manipulation is even more evident. Bye Bye any ETF talk for the rest of 2018.
Be prepared.
Market Manipulation 101Market Manipulation 101
These days we listen every time market moves everybody blame market manipulators and talk about them any many people just think they just sit in front of a laptop and manipulate market by 2 click.but what is market manipulation?
"Market manipulation is a deliberate attempt to interfere with the free and fair operation of the market and create artificial, false or misleading appearances with respect to the price of, or market for, a product, security, commodity or currency." By Wikipedia
But all of you can read Wikipedia and google,I don't want to repeat all misleading again,I want to introduce you with The Ultimate Market Manipulators.what you have to know that its not easy to play with a market and there is many players that work together and Manipulate the Markets, let's know them better.i introduce you some of them in crypto market:
1.Governments
As you saw until now governments always played a cautious role about this market ,but it's odd, In this world that government are so strict about their enemies and use strongest sanctions and pressure on them ,why they are so careless about what threatens their financial basics so hard? The answer here.in modern and even close to post modern socials political reactions changed. One day USA started a war by a threat but now they put hard sanctions and wait for long time to break enemies harder without very much costs. And they just aware of potential of this market, they now if they show much strict reactions on crypto just attract more people attention to it and make it harder or even impossible to destroy but all of these thing matter with Manipulation. Maybe you think they manipulate market to earn some but it's not the case. They play an important role in Manipulation just by let Manipulators do their job. By turn market to Madness and unreliable place, they just make investors and people escape or run from it.
2.Exchanges
Look at charts , almost every day charts in crypto market,even a beginner can find out that there is some strange moves in market.If you are trader or even an educational technical analyst you saw candles that show some action against the trend in a second or minute, believe me that not easy to reach below a support and came back to upper resistance by a second,they play with market,BTC BCH usually,and kill stops/shorts/longs all time, They using their power and peoples money to make a trend with that. Any little player in market can't manipulate with 1000 btc and exchanges don't get inform about it. It's just fairytales that some whale(big investor)can play with BTC market in those totally Centeralized exchanges. They even yell about it all times and inform anybody that "We just printed some tether and we will use them as a Margin" .what here is understandable? but they have many co-worker that are important too, I introduce them in Number 4.
3.Little Whales
When we talk about whale need to know that just few exchange or huge investor can play with BTC,BCH,ETH market but we have many little whales that manipulate market too,little whales , little markets.They always play in little ALTcoins and use that field for earn.They simply start a huge buys and bring along them common buyers with help of number 4.After a pump they dump and hide from anybody.Little whales are just like exchanges.How governments let exchanges continue their work, exchanges let these little whales do pump and dump again and again.We can not blame them,we have to blame just who let all this dirty activities continue.
4.Media
In Modern Era, Media found its prophecy in different way, one day, they started as a guide for community and soon they understood that they can guide people just in way they want. We all know about Medias and what what they do,but need to know exactly which ones and how play in Crypto Market.So I introduce them to you:
BTC movement idea laced with futures timelineThis time I added futures opening (3M on 29th of may and 6M on 29th of June - which will be long - hence need for low entry into BTC) and closing (25th of May - short). the 29th of June might end in triangle, mieght end below - Cause what better entry into alts for big players then BTC @ 5K? All is needed is loading enough of Korea FUD ;)
BTW the dotted lines are previous formations broken up or down, disregard them
I mark this chart as short term long (after we touch @6900) and longer term after touching close to 9k - short
(LTC) Bots, Market Manipulation, and Forced Liquidations, Oh My!Alright folks, been AWOL for a bit but today's utter chaos called for a serious look at what appears to be blatant market manipulation.
So naturally, being that this is an LTC chart one would assume we'd be taking a hard look at litecoin.....well not really, sorry folks.
I actually chose litecoin because every since the litepay debacle the project has taken an utter beating...while your ltc wallet probably took a heavy hit...it gained something beautiful from all the chaos: increased market independence.
That is key, because as we all know BTC is practically a crypto index these days, LTC always had more autonomy due to more fiat trade pairs than other alts, but now especially it is moving more freely from BTC's clutches.
This is important, because while a knee jerk sell off of BTC like we saw this morning will always see alts follow; the ETH and LTC markets dont often appear to take direct ratio downturns with BTC.
But not this time. Oh no, this time fiat heavy trade pairs took nearly an identical hit...and that my friend's smells damned fishy.
(Just a sidenote: my formal background is actually in engineering and algorithmic cycles are something I studied pretty extensively, so I'm not just pulling this out of thin air, the cycles were clear and apparent from the get go)
Anywho, all the mumbo jumbo no one cares about aside lets jump in.
The pattern:
Cycle decrease is taken from impulse move to impulse move
Primary cycle appears to be 58 bars
Cycle break was 79 bars, nothing too telling here regarding cyclic length but it is worth noting that the offset rate of decrease from impulse high to low is maintained.
Every post pump down trend angle is increasing by exactly 2 degrees every cycle
As someone whose stared at one too many cycle output charts on MATLAB, and written a number of godawful C++ scripts this just screams "lazy coder" at an exchange attempting to disguise market manipulation through bots by just simply adding simple step and rest functions to the code.
Naturaully this is all speculative as I'm not behind the wheel at Bitfinex, but I'm sorry these patterns just seem too impeccable in their execution rate and uniformity.
Now, regarding today's plummet....what was that about? Realistically its anyone's guess until an insider comes forward. In my opinion though I would assume we either saw some mass liquidation by a few whales trying to FUD the market into a landslide so they could buy up bags, or possibly some major forced margin liquidations on the exchange side. Trading with leverage is at an all time high, what do you think makes more money, fees, or liquidated margin positions? Yeah, excatly lol
In all reality I think the most likely scenario is a mix of the two.
Anywho, heres a little bit about what to watch for with litecoin in the post freefall chaos.
Although it did spend a short period below it, LTC was range bound (~$115-$120) for quite some time prior to today's plummet.
The crash dead stopped at 162% extension from the final impulse wave up
We did tag the major trend 1yr+ support but as I write this it looks as though we may close this bar above it
We'll soon be approaching 58 bars since the smackdown. It's far from guaranteed but I do suspect well see some impulsive movement in the 58-79 bar range
If we get this movement, and it occurs on a bar following a close over the long term support TARGET 1 will be the 162% extension, TARGET 2 will be ~$115 (the prior lower bound of the ranged movement)
If however we hit that impulse move below the long term trend I'd say it might be time to gear up as the bears try to pull our beloved LTC down to $108 range.
This analysis is meant for purely educational purposes, and whether you choose to trade on it or not is entirely on you!
Good luck and happy trading fellow cryptoheads!
Austin Doyle
CTO