Bitcoin Dead Cat Bounce or Breakthrough?

Raj Kesu said:
Whales exiting ? Impossible. Who would give up the opportunity of making millions (sometimes billions) of US dollars per day in an easy way ?
Exchanges make huge money when trades are liquidated (longs and shorts) and they do that by utilizing the services of the whales. The exchanges and whales are able to do this with their cheaply acquired USDT on a regular basis. Tether regularly prints billions trillions of USDT (free out of thin air) and sells it at high high high discounts to the exchanges and the whales, so the exchanges and whales use this very cheaply acquired USDT to liquidate long and short trades on a regular basis. There is no way that the whales will exit (no matter how much regulations happen). No one believes what I've mentioned. People go behind technical analysis, etc and this is why 90% of crypto traders lose money. Anyways, each one to their own.
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Who said permanent exit?
 
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Price has increased regularly for 2 days, it is good sign. Now we may see full recovery.
 
Raj Kesu said:
Why do 90% of crypto traders lose money ? Because they follow technical analysis.
Technical analysis plays absolutely no role in the price of Bitcoin & other cryptocurrencies. Fundamentals do slightly affect prices only on a temporary momentarily basis.
Bitcoin price is totally in the hands of the big whales. The exchanges and the big whales work hand-in-hand.
When leveraged trades get liquidated, the exchanges make huge profits and these profits are shared (by the exchanges) with the big whales.
OK, but how do they do it ? Tether prints billions of USDT (for free, out of thin air) regularly and sells all this USDT (regularly) to the exchanges & big whales at high discounts. So, then the exchanges and the big whales utilize this very cheaply acquired USDT, on a regular basis to manipulate Bitcoin price, in order to continiously liquidate both long trades and short trades. This is why over 90% of crypto traders always lose money.
And other cryptocurrency prices move along with Bitcoin price.
Those who understand what I've explained, are the 10% making money trading cryptocurrencies : the remaining 90% make losses.
Bitcoin price will go to below US$12,000 this year.
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USDT 100,000,000 moved into Binance exchange : blockchain (public) transaction https://whale-alert.io/transaction/tron/5fa0292fa87c398106550cc4560f7deb412a1e3a86519d351f664f3e543212c0 and https://tronscan.org/#/transaction/5fa0292fa87c398106550cc4560f7deb412a1e3a86519d351f664f3e543212c0.
Nothing new, it regularly happens, very regularly, often multiple times in a single day alone !!!!! This is USDT very cheaply aquired by the whales, directly from Tether at highly discounted prices. So, such cheaply acquired USDT is used by the whales to manipulate Bitcoin price.
 
Bitcoin has become stable in this range and now it is becoming hard to make gains by investing in bitcoins.
 
Given the PREDICTABILITY of this BULLTRAP, anyone here buying at 29 and dumping at 32 to sell short at 32 via ByBit?
 
It is still just hovering around that mark and not rising steadily. There has to be some big announcement related to bitcoin so that we see huge increase in bitcoin prices.
 
I like how this guy @Raj Kesu comments and then when someone responds him, he never comes back lol

$29k today. Long with x10 Leverage and bank some money when it reaches $32k again. :P

DYOR please :D
 
Today, we're getting close to the 28 price floor. Any small bounce up will probably be a good entry point to the ride back up to 32.
 
Hmmm….They say a cat always lands on its feet, but a dead cat can only bounce. For this reason, it’s essential not to confuse a dead cat bounce with an asset that’s reversing back into a bullish movement
 
Looks like the buying support at 28K crashed. We're now at 23K.

I suspect this has a lot to do with the US FED tightening interest rates and making riskier investments less palatable.

The flow of easy speculative cash into crypto might be ending

If BTC doesn't hold at 20K, expect it to settle at 15K or lower
 
After you made this thread, bitcoin has crashed each day only. Can be a good chance for people to buy at these levels.
 
onlinemarketer12 said:
After you made this thread, bitcoin has crashed each day only. Can be a good chance for people to buy at these levels.
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Don't catch a falling knife, you might just hurt yourself

Remember: the FED has not said it will stop hiking rates

Also, recession fears have exposed the fact that BTC is NOT an inflation hedge - so much for the 'digital gold' hype

I wouldn't be surprised if it hits the $500 to $1000 range when all the digital dust has settled

Even then, it still won't be attractive until plans like the link below play out

https://www.cnbc.com/2022/05/18/jac...future-no-longer-just-a-payments-company.html
 
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