BITCOIN PRICE MANIPULATIONS
BITPRICE MANIPULATION
The transparency of the blockchain makes it possible to identify the movement of large amounts of crypto to or from the Exchange Wallets.
Last night I observed transactions of several tens of millions of USDT mainly to Binance, Huobi. Hours later the price takes off by 8% and cuts a resistance that seemed unbeatable like butter.
I have drawn the graph with Elliott's waves by applying the fundamental principles and a truncation of the trend between the VI and the V. Wave was evident. For those who do not know it means a failure of the race to the upside with subsequent motion of three ABC waves in formation of correction.
instead, arrived at B and after the events of this night the price takes off by + 500USD in a few minutes. Vertical, in unison.
In the afternoon I saw almost 10,000 BTC move towards the main Exchange wallets, an evident sign that it is preparing to deal a blow. Otherwise why you should move such large sums from a safe place to an Exchange wallet.
Certainly the Killer Whales are lurking and everything seems to presage a well thought out Bull Trap.
- Be careful not to stay with the match in hand!
Whale alert:
whale-alert.io/
Here is an article from today's WSJ:
wsj.com/.../large-bitcoin-player-manipulated-pric...
#bitcoinkillerwhales #bitcoinpricemanipulation
The transparency of the blockchain makes it possible to identify the movement of large amounts of crypto to or from the Exchange Wallets.
Last night I observed transactions of several tens of millions of USDT mainly to Binance, Huobi. Hours later the price takes off by 8% and cuts a resistance that seemed unbeatable like butter.
I have drawn the graph with Elliott's waves by applying the fundamental principles and a truncation of the trend between the VI and the V. Wave was evident. For those who do not know it means a failure of the race to the upside with subsequent motion of three ABC waves in formation of correction.
instead, arrived at B and after the events of this night the price takes off by + 500USD in a few minutes. Vertical, in unison.
In the afternoon I saw almost 10,000 BTC move towards the main Exchange wallets, an evident sign that it is preparing to deal a blow. Otherwise why you should move such large sums from a safe place to an Exchange wallet.
Certainly the Killer Whales are lurking and everything seems to presage a well thought out Bull Trap.
- Be careful not to stay with the match in hand!
Whale alert:
whale-alert.io/
Here is an article from today's WSJ:
wsj.com/.../large-bitcoin-player-manipulated-pric...
#bitcoinkillerwhales #bitcoinpricemanipulation
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