Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

I may regret this in the morning, as it will cause some people to want to trade against me, but I feel that I need to put it out there. Bitcoin TA is heavily manipulated at the moment, by at least 2 parties. Be careful out there.

Could you please explain it in more detail? Is it the ask spikes I'm seeing @ 750 and 768 Bitstamp? Or something completely different?

Hint: China.

You mean that perfect pennant on the 1H or some other thing regarding your trip?

Are you still there btw?

Yeah, I'm a little confused by what Loaded is saying. The TA on the charts looks bullish, with a bullish pennant forming. It sounds like Loaded is saying the market is being manipulated upwards and so traders may want to hedge to the downside, which would go against his market buys. But really, I have no clue what he is saying.

I dont think one needs to read to far into what he said. The bitcoin market IS heavily manipulated and he who worships at the altar of Bitcoin TA worships a god on strings.