SCAM
Do You Think Breakout $BRK Will Eventually Breakout Now?By the name sounds like a joke project that trying to scam people. But really tho, judging by the chart we're really at the bottom of it.
Unless BTC will move below $5800, this one will get doomed (:
Go trade based on speculations that this juicy chart will eventually bounce later.
Targets on fibonacci, will post a closer look below.
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Here is a DAX chart:
BCH - Triangle forming - 10% tradeYo guys,
Simple random idea here.
Trade on triangle breakout. Price is getting compressed, could see a break UP after StochRSI retrace :)
NOT TRADING ADVICE - Manage your risk and DYOR
Get ready for sunday's organic pump. Again. Yawn.It has been a while since the last organic move.
Idiotic suckers had time to forget last scam.
These used to happen every sunday again and again and again and again and again and again and again and again and again and again and again, but as sucker's bank accounts and morale gets depleted, ponzi criminal cheats have been taking longer and longer breaks between organic moves.
I think it has been long enough.
So I guess stay long for now, and go short after the pump... I doubt we go down from here.
I do not really know how high suckers will push it after the pamp, I am guessing it won't go as high as previously.
Just leave it a few hours. Go look at chats and forums to see what well morons are saying. Ignore bears and anyone trying to knock some sense into them, we just want to get an idea of where the top will be with chats. Don't think we even need to look at charts here... Pathetic.
Let's look at some of the previous organic moves since december.
This is my finest selection of grand cru's, a pleasure to watch and remember all the fools that fell for it. The 11 march is a personal favorite, what a day!:
Sunday 10 december:
Sunday 17 December:
Sunday 24 December:
Sunday 07 January:
Sunday 21 January well that one is not so special but I took the pic so I am posting it:
Sunday 28 January:
A couple more sundays that just happen to be top and bottoms:
The famous 11 March, this Sunday many authors quit trading view permanently (and came back 3 weeks later). The chat was full of bulls celebrating. It was party time on reddit twitter /biz. They became very silent very shortly after.
11 March: "Comment: Bitcoin up 10%! Sorry short sellers ;)"
12 March: "See you later, Tradingview :)!"
I was telling every one in chat to not fall for the bull trap and to short it.
All I got was insults flame reports and people ridiculing me. Oh how many :joy: smileys have I seen.
Rofl idc I made $5000 shorting this scam pump, and I had just been trading crypto for a few months only started with 3 grans.
Sunday 18 march natural bull move:
April the 1rst natural April's fool natural 400$ in 1 hour candle:
After this fools got hit so bad they started being prudent, so price manipulation stopped for a whole month!
Then, May, after a 1 month break, organic moves are back!
Again... a break as after 10000000000000000 scams only people start learning and get more careful.
10 June... c'mon...
Oh geez I wonder where the sunday is on this chart. Without the date I could NEVER find it!
At the risk of repeating myself...Is it not amazing how perfectly Bitcoin has followed the bubble drawing? (Wall street cheat sheet)
I could tell you exactly what will happen, and what people are going to say, to the very word.
On this chart I posted a few examples.
The guy from the netherlands that sold everything he had and went to live in the woods is my favorite.
This is exactly how it is going to look like:
twitter.com
It is just so obvious... Anyone that looks at this chart will see it.
Boy oh boy was the complacency phase slow and boring, but well, we knew that from the past examples.
From March to August... 6 months... crazy. And FX as well as commodities that haven't done anything the past 2 months.
Any trader that got into trading joined in the most boring environment possible.
Personally I was trading Buttcoin back in March April (started in 2017), but it was so boring I switched to FX, and then FX started being boring too HAHA. Is my whole career going to be defined by that traumatizing moment where everything was sideways/bottoming/in complacency/etc?
Bitcoin could go up now, I was expecting it, but it could disapoint me once again on the bull side, just as it has in the past, and not even go up to 8500.
It will take 1 year to go down, with alot of noise.
I do not know if I will profit from it.
I guess I am joining the club of Warren Buffet and Bill Gates and will say "if I could short it simply, for example buy an option on it, I would".
I know 100% where it is going, but there are no easy way to short it, so sadly, not much do do here.
UNLESS it goes to 8500 or 10.000.
Unless the old people I mentionned thought, I won't avoid it totally.
Once it starts clearly trending down, it should be possible to join the fun.
Right now if you short it at 7000$, you are gambling as it could go up anywhere from 8500 to 12000.
Just going to have to wait for confirmation...
Special ending words: TECHNICALLY, complacency ended when the monthly inside candle broke bearish.
People always get scammed when that happens, and "investors" are really slow and never admit they are wrong, so it was obvious it would take time, I bet on it going up for longer, but I gave up on that idea... Maybe it will who knows, don't want to risk it again. I do not know where to short Bitcoin if it does not go back up...
The only good entry short will be when we get something like this:
And making the rectangles transparent, this is what happened.
Pretty nice right?
I should have trusted my own math and went all in short on 8500.
Wait I think I did but closed quickly. Oh whatever. Sure you can short at any price let's say 7000$ till it gets to 1000$ or less and make big profit but your capital is frozen for a whole year... Don't we want to at least try and outperform 80% in a year? Rollover would be pretty big too... Idk how big but pretty big right?
Bitcoin: a huge scam created the biggest bubble in HistoryThis message is for the cryptomaniacs that are still brainwashed regarding the situation of Bitcoin and that are calling me a noob since a few months : Bitcoin is the future of money, a virtual gold, only smart people understand its true value, it is a gift from Gods, i am too stupid to understand it,... The problem IS that i UNDERSTAND it.
The rich persons that own almost half of the Bitcoin, brainwashed you through any kind of network to buy Bitcoin . This huge artificially created demand made you believe you will become a millionaire buying Bitcoin.
They have got half of the avalaible coins, you rushed the trading exchanges to buy Bitcoins in mass because of their brainwashing on you, your Fomo and your greed.
Bitcoin became more and more rare as coins are almost not used as a currency and are instead stocked in virtual safes, the extra huge demand compared to the small supply made the prices explode. And the value crashed to the downside when the whales sold in mass. They stole your money, and you keep on dreaming about Btc.
Bitcoin itself is not a scam, blockchain is awesome, the way bitcoin itself is mined and transferred is awesome.
The existing scam that i want you to realize, is the manipulation these whales did to you to make you think you absolutely need Bitcoin. Their idea was indeed extremely good. This whole move of Bitcoin Holy Grail label is a monstruous fraud.
They managed transforming a crypto currency into an sort of Ponzi scheme asset like. Don't you see it? Governments, banks and investment funds are warning you since months that Bitcoin is a fraud. You think it is for no reason?
And i am not even talking about the monstruous price manipulations, Tether, pump and dump schemes, Bots artificially pumping the prices, ...
If you think Bitcoin is the future as a currency, you are wrong. Almost every country in the world is about to regulate these coins. When they say regulate, it does not mean they intend to regulate them in a positive way, wake up!
They intend to shut down bitcoin beeing used as a currency, it is extremely dangerous for governments as it creates risks of fraud, money laundering, they need and want to control their money, and believe me, they will terminate the use of Bitcoin! They can, and they will do it. They will regulate it as beeing a stock, not a currency! they are saying every day that Bitcoin is not a currency, but you are blind because of your brainwashing and DO NOT even see governments warning messages.
This means you will only be allowed to trade on recognized exchanges! If you have financial knowledge, you know what it means: no more Tether, no more price manipulations, no use as a currency but as a stock only.
Countries decided right in front of your eyes about Bitcoin Faith during the G20 meeting: they want and they will regulate this cryptocurrencies market. They want to regulate its speculation! you know what it means? Open your eyes, it means they want to stop this Bitcoin Label scam that brainwashed so many persons to speculate on Bitcoin, they will terminate the fraudulent market and they will certainly terminate its use as a currency.
Bitcoin is extremely highly priced because prices are manipulated since a few years, you have to realize this too. Human trading did not raise the value of Bitcoin from 1 dollar to 20.000 dollars!
When this market will be regulated, this will be game over for the Bitcoin you know since all those years. You would still be able to trade a non volatile Polly Pocket Bitcoin.
Finally, i want you to face the gigantic bubble of 2018. Its pattern structure is a Nasdaq Composite pattern type, this ressembles in nothing to the previous crashes (already made by whales) of Bitcoin, i am sure you can see it.
This 2018 crash is the biggest bubble humans have ever created in term of value, and if you do not realize this, ask yourself why you are too blind to see this market speed-light collapsing right in front of you, and try to save your money...
WTF LitecoinLike I said in the title WTF! Litecoin just decided to go on a freakish bull run today which normally I would be happy about, but there doesn't seem to be any real reason for this degree of movement. I sincerely hope that this volume is not because of the Litecoin Cash fork that was openly dismissed by Charlie Lee as a complete SCAM! I want to believe that people aren't that dumb :pray: Either way just keep an eye on this if you have open trades, I believe that a pull back to the $200 or even the $160 range is entirely possible.
Systemic Risks of Rampant Price Manipulation in Crypto MarketsLooking at charts you can get a strong sense of price action based on the understanding of healthy market behavior. But what if the market behavior is fundamentally unhealthy? No amount of technical analysis would have predicted that Enron would have gone to zero. And this is why it's critically important to understand the presence of systemic risks, that is, fundamental problems in the market that could lead to something going to nothing. When systemic risks hit a critical point very little can be done to reverse the price action as the market simultaneously realizes they're standing on air (like in a cartoon there's a pause before the freefall happens) and prices come crashing well below previous expectations of a "bottom." See Enron, Lehman Bros.
Various pundits have weighed in on Bitcoin and cryptocurrency being variously a "pyramid", a "ponzi," a "fraud," etc. and I have previously felt like those commentators just didn't understand this new technology. I still think that blockchain and cryptocurrencies could be invaluable, but at this moment, we're on the verge of what could be a serious problem due to the fundamental risk of a market that could be wildly overvalued while the "charts" and "TA" suggest a technical level for a reversal. If nothing bad happens then perhaps this will happen. If the other shoe falls with Bitfinex and Tethers then the ground will open up and swallow us all.
We know from well documented analysis, that Bitcoin prices were heavily manipulated in 2013 and this is discussed in this paper:
weis2017.econinfosec.org
as well as here (by the same authors) in less formal terms:
voxeu.org
and a more TL;dr version here:
www.inverse.com
And we know now in 2017 that Bitcoin prices have been heavily manipulated in China and all across exchanges globally. The systemic risks apparently were bad enough in China that they shut down all exchanges. The data on this isn't so great, but we do know that China inspected exchanges for price manipulation prior to shutting them all down.
This piece summarizes the China problem:
thebitcoinnews.com
which boils down to this: Chinese exchanges are using wash trades and algo bots to pump up volume and price to attract more users/traders.
And this Redditor cites here one Chinese exchange owner calling out two others as inflating volume through wash trades:
www.reddit.com
Naturally, this widespread scheme led to the banning of cryptocurrency in China. Should we see more revelations of such practices the regulatory risk will be extreme. But that's really only the tip of the iceberg.
The problem now is Bitfinex and the degree to which they may have inflated market prices for Bitcoin and due to extreme correlation in the crypto market, everything else including ICOs which were already extremely inflated from speculation.
(more below)
DOGECOIN undergoing P&D - Advice to not fall for this scam.For novices out there, Pump and Dumps are NOT created to benefit you. It's a total scam, and you should never fall for this.
The leaders of these P&D groups decide on which coin they are going to pump MONTHS in advance so they can buy the coin at a lucratively low price.
Then, they "announce" what coin it is and when their thousands of followers go and buy those coins, they sell off part of their position due to the inevitable price spike and turn profit.
You may ask, "Well, why can't I just sell my DOGE when they are pumping the price up?". This is because the buy volume isn't there to support the price, and you are NOT going to be able to sell your position at a good price. These sorts of things are designed to scam you out of your hard earned money, and you shouldn't fall for these kinds of scams just to "take the easy route".
Make smart trades, think for yourself, and you'll be a much better off trader.
IMPORTANT! Death Of BCH!!!Burn scamcoin!!!
Coinbase should be a shame of themselves especially after being on CNBC over and over last week touting
how professional they are and want to be the NASDAQ of cryptos.
My message: In my humble opinioin "THIS WAS UNACCEPTABLE AND DOWNRIGHT CRIMINAL!
In any regulated environment the SEC' would be at the door this morning! They lacked professionalism,
preparedness, and were criminal using the market to profit from their foreknowledge (in my opinion).
There needs to be an investigation period!
This hurts the space as a whole; we expect it from others not from you!
How the release should have been done.
1) The announcment should have been done on CNBC and several other news agency AHEAD OF TIME!
2) The first day or so there should have been NO TRADING with wallets only to be used for access into not out of!
3) The first day of trading should be monitored with circuits ready
4) Be prepared to act not react!
Coinbase COO Asiff Hirji should be fired!
Be careful with this one $FREEFThis thing has sketchiness written all over it. Twitter and Facebook and ripe with shills pushing this stock as the next big thing. IMO that is sometimes more clear of an indicator than any chart that a stock is doomed.
Yesterday this thing shot up 200%, and its got the potential for gains in the future, but it could also go tumbling back to 0.001 leaving you at a big loss in the process.
I followed this stock sometime back when it used to trade as ticker $FREE. I watched as the company made two 1/100 reverse splits, and I watched how the stock continued to plummet back to pennies each time.
I've never been one to discourage someone from having a bit of a gamble, you never really know, the right play and a stroke of luck could change your life forever. But be careful with this one folks.