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These markets are terrifyingly manipulated
Poast new message in this thread
Date: April 21st, 2018 10:01 AM Author: Costumed Clear Area I've been following BTC's price action over the past 6 weeks to time my entry into a couple of juicy alts.
It was basically tanking until some entity or entities propped it up in the $6k range. Then those same entities strategically pushed it up over various prices in order to "break" certain resistance levels that are important to technical traders (i.e., make everyone think that a bull market had returned).
You can see on this image from yesterday's surge that one or a couple of entities just start ripping through the order book to push the price above a certain target. Each green circle is a 20 BTC or more buy.
http://i.imgur.com/r2G6xjd.png
It could either be some holders with long positions, or even an exchange(s) hoping to get more volume back.
I don't hold any BTC, but LOL at people "investing" or trying to trade it when it is completely at the whims of a few market makers.
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Date: April 22nd, 2018 3:58 AM Author: Lime Yapping Plaza agreed (http://www.autoadmit.com/thread.php?thread_id=3955667&forum_id=7#35892816) |
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Date: May 2nd, 2018 10:01 AM Author: bateful fantasy-prone hall filthpig you only now realized this? this is why i’ve always been so disrespectful of technical analysis people or people that have retarded explanations for incremental price movements. the markets are unregulated and still thin as fuck - the prices moved wherever certain people want (http://www.autoadmit.com/thread.php?thread_id=3955667&forum_id=7#35965132) |
Date: April 21st, 2018 8:45 PM Author: Peach know-it-all chad The fundamentals are strong (http://www.autoadmit.com/thread.php?thread_id=3955667&forum_id=7#35890926) |
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Date: April 21st, 2018 9:30 PM Author: Obsidian Titillating Fortuitous Meteor (http://www.autoadmit.com/thread.php?thread_id=3955667&forum_id=7#35891183) |
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Date: April 21st, 2018 8:48 PM Author: Razzle-dazzle hell factory reset button What are you saying? 50/50 we see another crash into the $6k range? (http://www.autoadmit.com/thread.php?thread_id=3955667&forum_id=7#35890945) |
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Date: April 21st, 2018 9:15 PM Author: Costumed Clear Area No, I am saying it will go wherever 5-10 entities want it to go. There are no fundamentals at the moment (http://www.autoadmit.com/thread.php?thread_id=3955667&forum_id=7#35891088) |
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Date: April 21st, 2018 9:29 PM Author: Obsidian Titillating Fortuitous Meteor I've been saying this for a long time: whale pumps and dumps drive the price and you can see them happen if you watch the 1H price tracker on coinbase (http://www.autoadmit.com/thread.php?thread_id=3955667&forum_id=7#35891176) |
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Date: April 22nd, 2018 3:47 AM Author: stirring pontificating potus koreans are a stronger force than any whale
koreans go batshit = market moon (especially shitcoins)
koreans panic = market tanks (especially shitcoins) |
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Date: April 22nd, 2018 12:10 PM Author: zombie-like rose brunch Bloody terrifying (http://www.autoadmit.com/thread.php?thread_id=3955667&forum_id=7#35893757) |
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Date: May 2nd, 2018 5:28 AM Author: Embarrassed to the bone amber property (http://www.autoadmit.com/thread.php?thread_id=3955667&forum_id=7#35964503) |
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Date: April 22nd, 2018 12:25 PM Author: motley resort toaster Yes, what's weird is that ETH and BTC move in tandem by the second - so obviously a few large whales are manipulating both at once. (http://www.autoadmit.com/thread.php?thread_id=3955667&forum_id=7#35893837) |
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Date: April 22nd, 2018 1:31 PM Author: anal famous landscape painting trailer park What's on the chart? Bubbles scaled to order size? (http://www.autoadmit.com/thread.php?thread_id=3955667&forum_id=7#35894206) |