Bitcoin manipulation exposed 2021 -Textbook Wyckoff Distribution Exposed

originally posted by: inosomthingudontno
If you have been losing your ass like me on your crypto these last few weeks this is a very interesting video .

I know I know its 20 minutes but well worth the watch if you are invested.

It shows how the market is being manipulated using the Wyckoff distribution method .

school.stockcharts.com...:the_wyckoff_method.

There is no way this is random. When he compares the charts its an exact match. Its all been by design and Elon has played his part perfectly .

Well worth the watch if your invested.

I see he has new one on Ether I have not watched yet but i will post it too.

I'm in the miners i.e. MARA @ 41...just hoping something will turn back around so I don't lose my money!

a reply to: inosomthingudontno

Side note, Wyckoff is my slow at work reading material.

Our governments have an answer to Bitcoin, fear not. (sarcasm).

Britain Introduces Central Bank of Digital Currency task force:
www.bankofengland.co.uk...
www.geeky-gadgets.com...

BitMinutes is a digital currency that is being pioneered in Africa with a view to take over the whole world, currently sponsored by the Gates Foundation, The Rothschilds, the Rockefellers and more.

It promises to be like crypto currency but "better". You can top up your balance by buying mobile airtime minutes and you can transfer them to friends and family (useful in the 3rd world). The government can also pay your credits in BitMinutes. Sophisticated algorithms based on your social credit score and social profiles can help you apply for micro and macro credit transactions and send or spend money around the world in mere minutes. Based on Ethereum and Ripple technology they work in partnership with Akion coin (Akon's coin in Africa) and are seeking to create a "stable coin" market around the globe, regulated by Central Banks of Digital Currency. All transactions are tracked, because unless you're a criminal what do you have to hide.

www.bitminutes.com...

It's habbening, folks.

originally posted by: ManSizedSquirrel
So a currency that is created out of thin air and backed by pure speculation may be being manipulated? I’m shocked LOL. But on a serious note, I hope all of you on this thread make some money off of this, you’re certainly braver than me and deserve it.

Created out of thin air and backed by pure speculation? You mean like the US dollar? Because that is EXACTLY what you are describing.

All modern currencies are created out of thin air and backed by nothing. At least Bitcoin is 100% non-inflationary and provides a savings option for the 87% of the world population living in either authoritarian regimes or in countries with double or triple-digit inflation.

a reply to: Subsonic

Also, bitcoin has a true cap. So only twenty some million will ever be in circulation. Something no sovereign fiat can boast (to my knowledge).

You can also trade global near instantaneously.

Fiats tax through inflation, and taxation is theft.

a reply to: Arnie123

Can you lend me some? I'm good for it I swear...

a reply to: ManSizedSquirrel

Didn’t governments around the world just turn on money printing machines to create trillions of dollars worth out of thin air?

I’ll take my chances with the currency which as a clearly defined finite supply and inbuilt deflation.

Knowledge is Power.

If you're a seasoned trader you will know how to use this chart.

stats.buybitcoinworldwide.com...

originally posted by: ManSizedSquirrel
So a currency that is created out of thin air and backed by pure speculation may be being manipulated? I’m shocked LOL. But on a serious note, I hope all of you on this thread make some money off of this, you’re certainly braver than me and deserve it.

Pays to buy low. because it's going to recover.

a reply to: jerich0

It would actually be worth 300,000,000 right now... And that's after BTC being about 50% down from all time highs.

Crazy

a reply to: inosomthingudontno

And because there is no oversight or regulation you have little protection or recourse in cases like this.

Bitcoin is the new wild West.

originally posted by: AaarghZombies
a reply to: inosomthingudontno

And because there is no oversight or regulation you have little protection or recourse in cases like this.

Bitcoin is the new wild West.

Regulation and oversite is not the answer to everything. More government is never good

originally posted by: MrBlaq
Knowledge is Power.

If you're a seasoned trader you will know how to use this chart.

stats.buybitcoinworldwide.com...

That chart seems a little overly hopeful, don't you think?
Could it look that way because of the manipulation that took the market to the bubble we just saw pop?
I mean, that chart says that Bitcoin will go from the $32,000 it's at now to over $300,000 this November?
The chart also shows a low of $3,000 after the $20,000 bubble popped.
$3,000 is 15% of $20,000
$9,000 is 15% of $60,000
Holding is a rough position to be in right now.

On a side note, I can't help think that Elon Musk is trying to swindle people out of their finite Bitcoin by promoting the infinite inflating Dogecoin.

I am far from market savy but I put some cash in on low points for a few and have zero intention of selling, I am still green but if it bottoms out all the way its not money I will miss.

I see so many people trying to pump and dump crypto not realizing their few thousand arent really going to change things, and since trolls like musk can lose a ton before its an issue and you cant tell when he will tweet something negative out risks certainly seem to outweigh the benefits, to my ignorant butt.

I stayed away from popular ones and instead looked into some crypto that looks to fill a niche that I could get in low on to hold for a long time.

a reply to: IndieA

That chart seems a little overly hopeful, don't you think? Could it look that way because of the manipulation that took the market to the bubble we just saw pop? I mean, that chart says that Bitcoin will go from the $32,000 it's at now to over $300,000 this November? The chart also shows a low of $3,000 after the $20,000 bubble popped. $3,000 is 15% of $20,000 $9,000 is 15% of $60,000 Holding is a rough position to be in right now. On a side note, I can't help think that Elon Musk is trying to swindle people out of their finite Bitcoin by promoting the infinite inflating Dogecoin.

Hi IndieA,
The purpose of my showing this cyclic repeat price action is not to determine actual price at a future date.
No Chart can predict price with 100% accuracy, but what this Chart does do is give an estimated price action
direction on major price action decline and breakouts.

I realize some may not understand the cyclic nature of the market. For those interested in "why" this is the case, I recommend the study of Stan Weinstein's Secrets For Profiting in Bull and Bear Markets. Also read Mark Minervini's Trade Like a Stock Market Wizard, where he goes into great detail to explain how, why, and when one might profit from cyclic
dynamics.

For those who do not wish to study, then I would recommend using William O'Neil's Investors business daily platform called MarketSmith. The platform sets up everything for you and gives you every breakout. Offering a high probability win ratio when coupled with a proven edge, disciplined trades and risk management.

Some of us have done very well in both the cryptocurrency and stock market from following a strategy based upon a cyclic framework. In all things trading/investing, truly knowledge is power.

a reply to: CriticalStinker

I did wonder how old the meme was, but still, it's insane.

I still feel bad for the guy who had his wallet on a hard drive he threw out and looked in dumps for it.

that feels bad even over here, lol..

a reply to: jerich0

I still feel bad for the guy who had his wallet on a hard drive he threw out and looked in dumps for it

Don't feel bad for him. If he didn't think it was worth anything, surely he wouldn't have had the fortitude to hold it through all the initial spikes.

His only hope was losing access for a while and regaining it for any sizable profit.

Since the beginning of the digital currency I always had a bad taste about this type of new scams, sorry for those that got caught up on it.

Never trust miracle ways of making easy money because you know is no real and never was.

originally posted by: inosomthingudontno

originally posted by: WakeUpBeer
Crap crap crap!!!

Do I FUD and sell?!

Do I FOMO and buy more while it's bearish!?

Im so far down I cant sell now . I hope this is the bottom but they might take it all the way to that massive support level around 20k

Its not coming back i guess you dont know what happened??? China banned the use of cryptocurrency and it was the chinese that was holding them up. When the Chinese people stopped buying it destroyed them. Unless China changes its mind cryptocurrencies are gone.

Now its very unlikely China will do so because the Chinese were using cryptocurrency to hide money from the government. This is why it was always inflated the Chinese didn't care what they had to pay for it only that it would hide their money.

Western countries as a rule just don't see the advantages over a standard bank account. And the disadvantages by far outweigh any advantages.

The potential for High Price Volatility and Manipulation makes it almost worthless.

Sorry to hear you lost but you can't say you were not warned everyone was warned.

a reply to: dragonridr

You are right, for months financial advisors were giving the warning on crypto, for months they were telling that it was going to collapse, but interestingly I had more than 200 pins in chats from crypto soo called advisors trying to get me into this crap.

Showing big houses, nice car and how they were "in it" living the dream and making money, darn my gut feelings never fails me, when I get that feeling is not about sexual healing, is about something that is not good.