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Zekis

Next station for Bitcoin (BTC) ?While the rest of the coins easily recover recent losses, the bitcoin does not seem to want the same thing. (according to marketcoincap) There are four clear waves and half of the 5th with a possibillity of a small retreat before finishing it. The RSI is going in bullish mode, but Stochastic RSI is not looking that great (I think Stock RSI is the best momentum oscilator), it is in overbought zone with a clear cross for a twist, also in red trend color (we are in bearish for almost a year), and the lack of volume is questionable. Next stop can be the next resistance, which coincide with the end of the 5th wave, at approx. $3.600+, but is not mandatory to be a straight line till there, it can retest the support zone again.
BITFINEX:BTCUSD
by edward_Z
2
When Lambo? Bitcoin (BTC)Market manipulation What is Manipulation Manipulation is the act of artificially inflating or deflating the price of a security or otherwise influencing the behavior of the market for personal gain. Manipulation is illegal in most cases, but it can be difficult for regulators and other authorities to detect. Manipulation is also difficult for the manipulator as the size and number of participants in a market increases. It is much easier to manipulate the share price of smaller companies, such as penny stocks, because they are not as closely watched by analysts and other market participants as the medium and large cap firms. Manipulation is variously called price manipulation, stock manipulation and market manipulation. BREAKING DOWN Manipulation Manipulation takes many forms in the markets. One way people can deflate the price of a security is by placing hundreds of small orders at a significantly lower price than the one at which it has been trading. This gives investors the impression that there is something wrong with the company, so they sell, pushing the prices even lower. Another example of manipulation would be to place simultaneous buy and sell orders through different brokers that cancel each other out but give the perception, because of the higher volume, that there is increased interest in the security. Two Types of Stock Manipulation These false order techniques are often combined with the spreading of false information through online channels and message boards that other investors may frequent. The outside barrage of bad information combines with seemingly legitimate market signals to encourage traders to pile on or off a trade. The pump and dump is the most frequently used manipulation to artificially inflate a micro cap stock and then sell out leaving later followers to hold the bag. The opposite of the pump and dump is the less common poop and scoop. The poop and scoop seems to be used less because it is harder to make a legitimately good company look bad than it is to make an unknown company look amazing. One Type of Legal Manipulation Currency manipulation is a slightly different class of market manipulation, as only central banks and national governments can engage in it and they are legal authorities in and of themselves. Being the owner of a currency legitimizes many of the actions these governments take to suppress or inflate their currency's value compared to its peers. Even though currency manipulation is not illegal, a country that is manipulating its currency may be challenged by other nations or punished through sanctions passed by its trading partners. Moreover, international bodies like the the World Trade Organization (WTO) have been encouraged to play a stronger role in addressing accusations of currency manipulation. www.investopedia.com
BITFINEX:BTCUSD
by edward_Z
2
Will Bitcoin (BTC) make a little bull run?Simple TA, in 1st cercle we have a little support, can be a reversal or if it will break...it will be bad, another few percentages in bear + FOMO + manipulations + ... a lot more 2nd cercle is the Stochastic RSI with a twist in bullish mode, is in oversold zone with an upcoming cross In the 3rd cercle is the classic RSI with almost oversold condition, and a curve/twist from bear to bull If it's going up, the next target will be the previous support, or next fib zone, if not...who knows? :) So...can Bitcoin respect the TA or like 90% of the time it will do anything else? Cheers! @Zekis
BITFINEX:BTCUSD
by edward_Z
Bitcoin (BTC) Bart Head pattern, it will reverse?Classic crypto Bart's Head pattern "The reason for these sudden pumps and dumps is likely to burn margin traders, whether short or long, by manipulating the market. While some believe that this is done by the exchanges themselves — which is entirely possible due to the lack of regulations — this might be related to large crypto traders" Where from here? we will see a revers head after some accumulations? Or it will go even lower? RSI is oversold Volume is only in pumps or dumps But the history did not taught us anything, cuz everything is possible in crypto world... Cheers! @Zekis
BITFINEX:BTCUSD
by edward_Z
2
Bitfinex is down for 7h, what will Bitcoin (BTC) do?"On Monday 7th January 2019 (10.00 UTC), Bitfinex will be offline between three to seven hours as we complete the final stage of our data migration to dedicated bare-metal servers, in a move designed to significantly enhance platform speed, security and performance." This means some volatility, or that was happening when Bitmex was offline last time, or maybe not, the marketcap 24h vol. is not the greatest compared with Bitmex. So...what this offline acction will do to big guys? Cheers! @Zekis
BITFINEX:BTCUSD
by edward_Z