INCEPTION BTC EDITIONStudent of the game!
TRIANGLES FOR DAYYYYYSSS. INSIDE OF TRIANGLE INSIDE OF TRIANGLE!
It looks like the power is in the hands of the bears as is to me. A pop upwards would rally shortly with a bigger fall. As you can see, what I was saying in the video I posted earlier....theres stronger sell presence than there is buy (arrows). BTC is playing a game inside of our minds at the moment.
Manipulation has to stop somewhere before 11,7 for sure. I am willing to hold out on gains though it is very tempting to jump in but why gamble in a market you can try to read. Better to play chess while everyone else is playing checkers. I refuse to buy until the language of the charts clears up and we have established a confirmation on which direction is which.
I don't like blaming whales for things on the charts but the reality is that they do carry power and either we play into what looks like a pop higher every time until they burn us bad or we wait out their game and sacrifice minor gains for safer major ones coming up.
Alts I am also looking to get into other than BTC : NEO and NCT (polyswarm)
Stay Frosty, Keep the Patience
Whales
H&S AND A BIG ALT FOMOFriends
When I see the chart at 1 or 2 minutes, I examine the relationship between volume and price with a magnifying glass. What I observe is a predominance of bearish muscle strength over the bullish forces. I see it not only because of the red volumes bigger than the green ones (3 to 7 times more powerful), but I also see it because of the effort it takes for the green volumes to be able to go up in price at key moments. A lot of green volume for little price increase. That means that the bulls are holding back the price.
At the same time and from a broader perspective, I see that just at this moment it seems that we are going down, the main ALTs have had incredible price increases creating a great FOMO.
What I believe is that the bears' war booties will be all the FOMO of the ALTS (many exchanges do not have ALTS / U $ S stop lose, they only have stop loss ALT / BTC). The whales know it and there the trap to keep their money.
I also see that the whales do not want to go to 12K because at those levels the sharks and dolphins (which are not now) come into play so that it would be more difficult for them to manipulate the market. Now the whales manipulate it because they are alone.
My analysis is a mixture of indicators and psychology because we must not forget that TA is a human psychological game above all things.
Only for educational purposes.
If you are agree with my idea, give me a Like :)
are you losing sight of the MACRO? whales cracked!do you really think whales look at the 1m 5m 15m charts?
lets look at the macro picture here
the green triangle is a TYPICAL whale consolidation triangle
1. look at the volume boxes representing whale movement which align perfectly with the edges of the triangle
2. whales are tricky and do opposite of what most people think
3. they BUY when there is FEAR in the market... when MOST people were calling 6k/5k scenarios (death cross bla bla bla) they BOUGHT!
4. they SELL when there is HOPE in the market... when MOST people are OPTIMISTIC (like now somewhat!) even if u dont agree with this... please SET A STOP LOSS!!!!
now to support my TA
a. while path is most probable
b. breakout can occur of this triangle but whales will consolidate out this triangle IMO (thinner arrows)
c. thicker arrows are MORE probable scenarios.
d. watch out for huge volumes which usually always confirms WHALE movement
i put a lot of effort into this TA
please leave me a like
it means a lot to me and cost you nothing
thank you :D
BTCUSD- Fear not the whales! Staying afloat amidst manipulationOH NO THE WHALES ARE MOVING THE MARKET!!!!
Yes, yes they are.
But that doesn't mean you have to watch your stops get swallowed up like a helpless krill!
All jokes aside, I hardly ever post about bitcoin as I'm an Ether guy myself, but there really is some highly suspect moves in the BTC market as of late. D4 did a great job of covering some of the suspect zones (link to his chart is provided) and in the comments you can find some secondary commentary and an accompanying chart showing some additional evidence of possible manipulation.
But lets be real, if you're trading cryptos and keep your head in the game, you already knew this was happening.
On to the good stuff!
So today we're going to:
Check out one of my methods for staying away from disastrous losses from liquidated stops while whales move the market
Look at some possible paths for BTC over the next day or so
Oogle some obescenely beautiful channel movement
Staying Afloat
***This is just what I personally do to manage my trades during heavy manipulation, it is neither perfect nor without risk; but if you stay proactive about watching the market you should be able to minimize the likeliness of taking losses in a whale sell off.
I truly cant stress this one enough: Monitor to break even before you even consider dropping a stop.
If you're trading 4 hours or greater bars, drop down your usual trade time cycle to half of its usual value and do your best to check the market often for dramatic shifts. (I usually trade 4 hour charts, in this market I drop to two and do my best to check every 4 hours at most).
Place very loose stops (I usually push down my normal stop as much as 6-8% lower
DONT LOSE YOUR HEAD! whales moving the markets can be scary to watch, but they're relatively easy to pick out.
You can see how many major "whale moves" correct rather rapidly (likely after minnow positions are liquidated), HODL is never a trade strategy, but a calculated short term hold for indications of a market shift is a completely viable strategy; possibly even keeping you from the way too common "buy high, sell low syndrome")
Possible Paths
Blue seems unlikely with the dropping volume against the sharp recovery that just occurred
Green is what I would really like to see and would be the "healthiest", id be more bullish on a pump to the 100% fib after some strong consolidation along the channel than a low volume jet upwards.
I dont think this scenario is too likely considering weve been moving channel bound for upwards of two weeks. If it does though, we're looking at some good support at both $8750 and $8000 (~%50 fib of current channel bound cycle)
Channels can be a beautiful thing
Theres not too much to this one, I just love examples of market geometry and technicals playing out in fromt of me. Really the channels began forming shortly after the recent cycle low reversal. It's interesting to note that both the high/low cycle shifted by a single channel each time the fib ratios were reached.
Stay frosty, and learn to fight the whales fellow crypto traders!
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DISCLOSURE:
This analysis is meant for educational purposes only. You trade at your own risk!
Austin Doyle
CTO
Bitcoin Update - another bullish try? Today, on April the 26th we have been moving sideways, floating at about 8800 where also the Fibonacci Support is(78,60%/8869$). The bulls are trying to push the Bitcoin price up through the next resistance at 9160. Above 9300 i would say the resistance is now a new support, which it was before a few days ago but the bearish guys were stronger. Below 8695, in my opinion, deeper regions are achieved.
TRUST the whales, LOVE the whales, BE th.. no.Go with the whales.
I want to start an open discussion on the psychological side that whales love to manipulate so nicely. (this goes for little whales on alts as well)
We all know that whales eat tiny fish that are really tasty. And so if you don't want to be eaten do not stand in their way. It's as simple as that.
But the natural question that occurs in one's minds is, How do I know when a whale wants to eat (me)?
Bitcoin is at its crucial/crux point for the last few weeks and one could argue that the crux is always the present moment but let us leave that for another discussion maybe.
We all seen the recent "anomaly" in crypto that occurred on 2018-04-12 where whales killed many standing fish and furthermore attracted a lot more from alts so that they can get in at lower prices. It was an amazing move and an isolated case concerning Bitcoin and ALTS/BTC pairs (the ALTS/USD prices went up along with BTC/USD). There was to be expected a big move from the whales after such a long stagnant period.
The point that I am trying to get across is think like a whale: "If the market is going for some time on a more or less straight line how can I f*** up the market and make nice profit? OOo look FISH (mmmmm) :) that are still in FUD and FoMO and don't really know where to go... let's kill some."
See, in this case, you just had to wait them make the first move and buy some cheap alts (ALTS/BTC pairs or ALTS/USD pairs as well) and probably swing trade them.
Don't try to resist them and understand that they always want to squeeze the most out of the market and in the current state of the market even more so. That is one of the reasons why is still think we will get to see a lower BTC bottom.
I won't get into prices on this educational idea, for that you can check/follow:
BITCOIN - WHALES WILL CRASH ITGet ready for yet another "crash" on BTCUSD! In accordance to my last markup, USD will strengthen against most major pairs.
This bull run to 9k is seemingly looking like a bull trap. The crash will be it's final move, before the massive pumps begin to take us to the moon again. Major Bitcoin whales (Banks, Private Investors, and Institutions) will pump and replace their buy positions with sells (@9k-9.5k) It will most definitely hit 6k and below. Do not fear, this is NOT the death of BITCOIN. The major players just want the masses and smaller investors to pull out so they can buy up our coins. Get ready to buy low once again.
Please do your own due diligence before entering the markets and use this markup as education/reference!
NOT OUT OF THE WOODS YETRight now, it's make or break for Bitcoin.
We are currently testing December's resistance line.
On the Auto-Scale, we broke through that line already, but not on the logscale.
The overall sentiment is bullish and I don't get why to be quite honest with you.
Yes, we had a 30% increase in two weeks.
Yes, we are forming higher highs and higher lows short term.
However, that does NOT change the fact that we are far away from being in a bull market.
People tend to forget what the longterm price action is telling us.
Notice how each time the RSI reached 60 level while price touched the resistance line, BTC dropped big time .
We've been forming lower highs since December .
What's so bullish about that?
Additionally, I see BTC forming a huge rising wedge on the daily chart, which, combined with the afore mentioned factors, is anything but "obviously bullish" .
The 12.500$-11.200$ has proven to be a key zone multiple times.
I'm going to turn bullish, once we get a sustained breakthrough at that zone.
Right now, I see three potential scenarios for BTC.
1 . Price fails to break through the resistance and we get a nasty drop towards a new low (I'm anticipating 5.500$ - 5.000$) and see how things go from there.
2 . We get a low volume break through and form some sort of a double top at the blue zone ( 9.000$ - 9.300$ ) and fall below the rising wedge, forming a new low.
3 . We actually get a trend reversal (less likely in my oppinion) and retest the 11k$ level.
Anyways, right now is not the time to take either long or short positions.
Whales are doing their thing and the overall price behavior is anything but predictable right now.
Price is increasing, while volume is decreasing.
There are random pumps & dumps taking place.
Before taking any positions, I highly recommend everybody to WAIT for a UPSIDE/DOWNSIDE CONFIRMATION.
That's it from my side, I'm going to keep you guys updated!
Regards
Shaheen
Bulltrap? Are whales playing heavy with us? Don't let it happen!Hey, my lovelly and loved fellas!
I have one song for you...
"Though we all may part
I wish you all well
Wherever life takes you whales
I hope you eat lots of squid
And make lots of whale kids
You made me smile
Just for a while"
To find it, and listen the full music, search "Whale Song - Steam Powered Giraffe"...
After listening, how about some thinking what you want or do not want to do? How about to eat lots of squid and make lots of whale kids?
We have got a record in short liquidation, over than 150 million dollars at BitMex... What about?
For sure this movent can bring new waves to the market! They closed the 5th wave to the force! May the force be with you!!! But...
Fellas, fellas, fellas! Do you still in the same pill as me? I am! In my oppinion, we are in the same scene of the last idea, but with some possible effects after this crazy whale movement!
Now, we are definitely in the blue area. I remade the fibbo, based on the last low bottom and the last double top. If we brakeout the 8200USD, we can really get a bull run (until and if whales permit, for sure). If not, we can retract to 7300-7400USD, confirming the 2nd wave. Depending on signals, we keep going up in a 3rd wave looking for 8800USD ( i really don't believe, to be honest, but, it's Bitcoin!). Or, we can go down in search of the panic bottom (for me, the better to get volume and definetly go to the moon again).
Let's keep watching, fellas! And never forget: Don't do the whales game! You can control the market just understanding it, and make some money... Do not be a Captain Nolan. When you aim at a white shark, be sure you will not hit a pregnant Orca!
Hope u enjoy this idea... if appreciate, don't forget to click in the like!
Love you all, and please, always sing the song!
"The stock market is a wonderfully efficient mechanism for transferring wealth from the impatient to the patient" - BUFFETT, Warren
Will Bitcoin repay the loan or can bears accept a double bottom?So I still think we have to dip down as hard as we spiked in order to please the bears and get this price back down to where the whales will jump back in and repeat the cycle. On the other hand, sometimes loans can be paid off short. Looking at it from a non technical standpoint, some may say a double bottom combined with the extended amount of time we have spent trying to get there makes us even.
With that said, I present 2 options:
1.We bounce off the double bottom and take a nice ride up. My charts shows some reasonable fib levels to bounce at.
2. We continue to fall until the spikes have been exactly repaid and then we are allowed out of jail. My number for the low is calculated from 2 things. 1. I feel that the high from January 6th equals the low of February 6th = repaid. The ATH from December 16th needs to be repaid (with some blood in the streets). The difference between the highs of Jan 6th and Dec. 16th is $2700. (17200 and 19900). Subtract 2700 from the first low of 6000 and we get 3300. 2). 3300 has strong support from a reversal back on September 15th, 2017. This seems logical to me from both a TA and FA perspective.
We all know whales control the market. And no matter what our fancy tea leaves say, they will make the moves they want when they want to make them. So, thinking like an arrogant, "nothing impresses me", filthy rich whale, I would probably think: "I bought in last time when they announced futures trading was coming to Bitcoin... around $5000. I got a 4x gain and then bailed out at $20K. This time I want MORE PROFIT. I will wait until this hits 85% off ($3,000) and then ride it all the way past 20K for a nice 10X profit ($30K) and then dump it again.
If that plays out, me buying in at $3300 will be great!! I will take that 9x any time!
ok, so that last part was a stretch, but I am SURE some whales have that thought in mind. They always want MORE POWER. That means huge gains like more than double what they did last time, and why not a nice even number like 10x? My ideas have a chance just like other people.... I can't wait to see how it plays out!
Bear Pennant.... Means nothing - ManipulationiIn typical scenarios this is a Bearish pattern... a basic one at that.
Why do i have a feeling it will break out upwards? They could be painting this picture to trap others. It's happened on some of the previous bear flags, where it breaks out upwards then comes back down.
This could be a bear trap, we could just go sideways... who knows. No trade zone for me
A lot of market manipulation is going on. Be careful.We have been in a bear market for a few months now. In a bear market, Pump and Dump schemes are extremely easy to pull off if you are a whale or a bunch of whales. In a bull market, people would instantly buy the dump, leaving whales holding fiat bags and decreasing their position. But in a bear market, when a whale pumps a few % people instantly FOMO into it thinking "the bear market might be over, this might be the final reversal", only to get slammed a few hours, maybe days later.
Whales "Pump and Dump" schemes can be easily spotted. Bitcoin will either be going sideways for hours and suddenly have an unexplanable jump, followed by more sideways action, and then suddenly an unexplanable dump, either reverting to previous level or going well past it because of fear being injected in the market.
Whenever you see a big green dildo in a bearmarket, in contrast to a healthy slow step-by-step growth, look up for big bullish news. If you find none, be certain its just a whale playing around. And whenever you see a big red dildo in a bullmarket, in contrast to a healthy slow step-by-step retraction, look up for big FUD. If you find none, be certain is a retarded whale to be tramped by bulls in a few seconds.
We've had quite a few instances of these Pump/Dumps over the last months, particularly more over the last few weeks.
These candles aren't bounces because the coin was trading sideways for hours. It didn't reach a relevant support and suddenly bounce up, nor did it reach a relevant resistence and bounce down. If you want to see a text-book "support -> bounce" just look up the fall to 6K recently. If you wanna see a text-book "resistence -> bounce" just look up the 20k ATH.
Trade carefully, don't get whaletrapped.
Whales are weak in a bullmarket and very strong in a bear market.
Do u know where u are? U're in the jungle baby! You gonna diieeeHey, fellas!
Don't kill me, but i will let a song for you:
"Oh, sometimes I get a good feeling, yeah
I get a feeling that I've never never never never had before, no no
I get a good feeling, yeah
Oh, sometimes I get a good feeling, yeah
I get a feeling that I never never never never had before, no no
I get a good feeling, yeah"
So, if this feeling is good or not, depends on the pill you have choosen! To understand more, check the previous TA!
Thhe chart says everything i need to say you! Take care!
Mask loves you all, big brows!
"The stock market is a wonderfully efficient mechanism for transferring wealth from the impatient to the patient" - BUFFETT, Warren
WILL SUPPORT HOLD? - As predicted price travelled further South after breaking the previous support (now resisance) and bounced off support
- VEN is swimming from the weak hands to the whales
- The presence and manipulation of whales, in my opinion, is a long-term bullish signal
- NEWS of the week: DNV GL and VEN launch My Story TM / VEN Launches X series nodes
- A channel is forming
- If support holds >>> bullish until resistance
- If support fails >>> bearish until next support
Will support hold? - As predicted price travelled further South after breaking the previous support (now resisance) and bounced off support
- VEN is swimming from the weak hands to the whales
- The presence and manipulation of whales, in my opinion, is a long-term bullish signal
- NEWS of the week: DNV GL and VEN launch My Story TM / VEN Launches X series nodes
- If support holds >>> bullish until resistance
- If support fails >>> bearish until next support
ETC Ethereum Classic Manipulated by WHALES WARNINGWhales are setting big Low Buy Walls and keep pulling down Panic sellers who create their own doom by creating Sell limits close to the price in turn creating clogs and sell walls that wont let the price move up. If only if Sellers knew the best thing to do is create High Sell Limits.
Example: the price is dropping to 333000, then set the damn Set limit to 360000. Everybody doing it at the same time to should nullify the magnetic pull down aka Panic..
Anyway the overall trend is down after a Bulkowski Flat Elliot Wave 335. Google it.
THIS IS WHAT YOU DO NEXT TIME WHALES WANT YOUR PESOS FOR THE CHEAP..... EVERYBODY MUST DO IT!!!!
OR JUST GIVE THEM YOUR MONEY AND LEAVE!
Snapshot bitcoin heading.....Bitcoin in a little triangle that I guess, will breakout in an upside. In the bigger picture still bearish pattern. Big whales are not picking up so expectation is what I posted before. Two pictures here, one detailed, one 1-days with a pitchfork. As you see, majority of candles is at the underside of the pitchfork which indicate a downtrend as well. Expectations are, because big whales are not picking up and there is some fear in the market, a downtrend towards $5000-$4000. Market is tense because little rushes followed by aggressive sales in short time schedules. New buy-options coming. This is no sell or buy advise. Make your own decisions, its your money!
Ethereum double top swing trade into death drop1. Consolidation (Push up early buyers)
2. Consolidation (Push down - buyers liquidating + sellers trying to stack position)
3. Real buyers trying to move the market higher
4. Short-term buy positions liquidated/Sellers try to push price back down
5. Sellers are exhausted and BUYING continues
6. Sellers try to push back down but now realize they are trapped.
7. Larger buy volume steps in
8. People who were in long positions since #1-3 are now booking in profits and a small amount of selling is occurring.
9. People that didn't hop on the train are hopping on now at the resistance-now-support.
10. Most swing trader's goals have been met so they start to dump their positions for a nice profit. Coincides with double-top.
11a. Potentially hard sell-off starts now.
11b. (Alternative to 11a) Could also be a bounce up to try and break through resistance (red dotted line) but not as likely.
How to understand the market cyclesHow to WIN in crypto ? Survive !
Don´t get eaten. Be a dolphin :P
Make a plan, be patient, always have fun, share with others & be thankfull for what you have
Wish you all successful day :)
***** DON´T PANIC *****