one question that bugs me, why does it look like an exact replica of 2017?
For any number of reasons.. one being that it's a mirror image of the 2017 bull run and now the price is going to $10K, another is that institutionals want to create an obvious pattern that even people without very much trading knowledge will be able to recognise and will assume that means the run is over and so they'll unload their bags before the run continues.
This cannot be a coincidence, why did it enter a reversal instead of a retracement?
You get way too hung up on the reversal/retracement thing. This is crypto, not stocks. Patterns are a thing, but they're not everything. You have been shown a signal which now is the core of your belief system - i.e. "we're in a reversal, not a retracement".. get outside of your head and see that's the dictionary definition of manipulation. Now you believe something which will make you act a certain way, irrespective of other factors.
It's a consideration, not the only consideration.
Right now I'm ignoring all news, all media, everything fundamental, because I've seen how wall street have just decimated everything I thought wasn't possible. I mean they got Robinhood to stop buying only and allow selling, they've literally managed to make Robinhood take thousands of lawsuits so they can get their way.
They didn't expect what happened obviously.. that was damage control in a panic. If you came into trading thinking that shit like that wasn't possible, consider yourself lucky now you can see that it is. Crypto's worse than the mainstream finance will ever be, even today.
That tells me, if they want to crash bitcoin right now, they can.
And if they want to push it to $500,000 they can.. And if they want to push it to $5,000 they can. They control the price of Bitcoin completely and use retail traders every day all day.
I believe bitcoin could have reached 100k this bullrun without their intervention.
This bull run isn't over bro. Said with 99.99% certainty.
But I'm certain they have intervened and blocked the run,
Every price movement is under their control. They didn't block anything, they made the price go to $42,000, then they made it come down.
And that stock to flow model is popular right? especially amongst amateur traders
Not popular, accurate. Historically the most accurate model that tracks to the price of Bitcoin most accurately. If it's popular it's because it's accurate.
It's popular amongst retailers and institutionals - because funds care about things that are accurate.
so if everyone's adding money expecting this 100k to happen, this is the perfect time for whales to suck that money right back out. Because then they get money from the amateur traders first, and then the general public.
It's going to more than $100K by the EOY imo bro. $125 - $200.
Afterall they can't grab the money near 100k if that's when the people who follow stock to flow model will be selling off. That will just cause a huge dump and won't give the whales a chance to get rid of their holdings,
They vacuum up the sells at $90K+ and pump it to $200 (or smth like this). People freak out who have sold once it goes above $100K, buy back in and pump it way higher.
Remember this things increasing from 3k to 40k, that's 11x, that's astonishing profits for whales
2X the ATH is not what's happening. That's not astonishing profits for whales either bro.. 11X is a regular week in a bull run for institutional traders running algos.
Big understatement.. it's terrible compared to 2017, and absolutely irregular compared to 2013 and 2017.
And the whales are not greedy
1) You obviously couldn't know this.
2) This is obviously 100% laughable, of course they're greedy - their entire business model is maximising profits. That's why the prices moves like it does, it's been mastercrafted to fuck with retail traders as much as possible.
I don't have a doubt in my mind that they aren't extremely happy with 11x and then about to use that 11x profits to short the market and maximise profits insanely.
You can't know what whales are thinking... neither you or I could understand their what they're thinking at all. They're on another level, trading hundreds of millions per week, with teams of the smartest people in the world, running algos that would fry your brain if you spent 5 minutes trying to understand them.
One thing I do try to do, is ignore what's being shared, and think "how would manipulators use the current conditions against people to get their money"
This is 100% on the money and the right way to think.
I'll never guess their exact plan, as it's probably complex
Big understatement again.
Whenever I see a price being held down, it's always the same reason. A big player selling off.
A guess at best again mate.. unless you have access to the trading records of big exchanges and can match "the price being held down" against the identity of large traders making sells at that point in time, there's no way for you (or me or 99.9999999999% of people) to have a fucking clue what's going on behind the curtains.
The reversal strongly indicates that big people are selling off, and if big people are selling off, is that not a red flag to you?
The recent price action could indicate a whole bunch of things. If you make a habit of tricking yourself into thinking that guess and opinions are objective truths, you'll end up basing your trading decisions on things you think are true (ie. "The reversal strongly indicates that big people are selling off") when really it's just an opinion that you have.
