Bitcoin Manipulation, Who Cried Wolf?
So the past 3 days, Ive been very very depressed with my Day Trading. Ive always been very open about this. I am not a master trader. But after the Bitcoin crash in April 15, where I was left with a hundred and fifty dollars in estimated value, I began going up. At first I have small wins then went to about 2-3% to as high as 10%. That was a week streak and I went up to $240.
But then, as we all know with Bitcoin has a habit of kicking you back in the shin. Thursday happened and for some reason, Thursday is a bad day for day trading.
Bitcoin fell back to $8600, Everyone is still feeling bullish but there is major resistance at the $9600 mark. Chances are, there might still be going down to test the lower support zone at $7400 before going in the merry way "over the moon".
Thats actually fine, but I fell down to $190 trading Alts.
So thats why Im not feeling very bullish despite the charts and the numbers. Im just, blah. Have not been trading. Much.
Which gave me too much time on my hands to read about these conspiracy theories that seems to be very very very possible. Bitcoin Market Manipulation. If anything, the bitcoin market is vulnerable to whale manipulation. But the consistency and obviousness of the manipulation is overwhelming.
Im sharing this link by DarkEnergy from TradingView. Its positively creepy. He has spent time analyzing the past weeks of the BTCUSD market and how whales are manipulation the coins. His conclusion is a bear trap and more shakeouts that might result to a crash similar to 2014.
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SHOCKING PROOFS: How Whales Manipulate THE BITCOIN-MARKET! by D4rkEnergY on TradingView.com
(html comment removed: TradingView Chart END )Hopefully Bitcoin stays above water though. The alts are always moving with BTC and anything it touches, it drags up or down. And yeah. I have to get back to trading. Maybe in a couple of hours.
Posted from my blog with SteemPress : http://takeprofitapp.xyz/bitcoin-manipulation-cried-wolf/
Hey @alunsina, the markets are pretty crazy right now. Crypto is back to a weird space but I know long term it's still what we're all hoping it will be! Cheers
crazy is the right word. lol.
thanks for the comment!
Be advised @alunsina
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