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.

Maybe he means volume and price at the Chinese exchanges (Huobi and OKcoin) witch makes the market look much more bullish than it really is.