I'm gonna let you guys in on a little open secret, everyone with half a brain (including biz) knows crypto is manipulated. But the reason using wyckoff and other forms of TA doesn't work is because those patterns are based on fundamentally different markets. Crypto is manipulated by a very small group of whale groups, so like 30-40 groups of 10-20 people, and they have their OWN version of PnD pattern they use to fuck retail investors.
The way it works is by doing a mini dump then a pump then the big dump, the reason this works so well is because people get burned on the mini dump and right before they get out of the casino they see a final pump and a final chance to win back their earnings. Whale groups know that getting FIAT out of crypto exchanges is a far bigger nightmare than out of a stock market exchange, so they know crypto is some kafkaesque casino where you can never escape. Hence they do these patterns on inexperienced zoomers that wouldn't work as well in the stock market.
Look at the first two months of BSV, now look at BTT. Here's what will happen: BTT will pump to 41 sats, that pump is actually people buying INTO whale sell orders, this pump we just saw was to get everyones attention, whales can't dump now cause they'd lose out on slippage, so they'll start another pump but they're exciting WHILE the price is going up, so this time the sell walls will be real, then suddenly it will crash and be absolutely dead for months, then probably a final pump when they launch a client and then total death.
tl;dr screencap this thread, BTT will hit 40 sats then crash.
it's more complicated than that, but we actually use segregated TA patterns we developed ourselves to trick bots into buy/sell patterns that ruin conventional traders.
You zoomers don't usually make a dent, kinda like fish swimming around we ignore most the time. It's all whale vs whale.
it's not dying. the coin needs to burn a few itchy traders before the next leg up
Brandon Jackson
40 sats would be incredible. I just bought more at 28, was planning to sell it at 31.
Daniel King
i make money scrapping order books. no ta whatsoever. i just look if the coin is a scam (so I won't hold it eternally), want nothing with pumping phases, i look how thin is the order, the volume and then layer that shit of buys (or sells). I could make serious dough If I had more money because the lack of liquidity (which is the key) makes me expose to a shitload of pairs. but there's so many coins, there's a lot of opportunities. You need to be very patient though. You can easily make 3-5% if you trade in very small timeframes or 30-40% in bigger swings. Lots of pairs and coins, means a lot of different daily volatility so there's always action. op is right, whats the point of ta if someone tweets something and everything changes in that minute? fuck that shit. it might work with btc/eth, but everything else, its dogshit.
Ryan Carter
How many bitcoins do I need to be considered a whale by these standards?
Charles Perez
I had my finger on the buy button at 14 sats…. why didn't I press it :(
