The last few hours everytime we tried to break out somone crashed the shit with market orders...

The last few hours everytime we tried to break out somone crashed the shit with market orders. It is pretty obvious someone wants to keep the price down while the natural direction is up.

Attached: last few hours.png (1032x357, 27K)

When doe it go bull?

niggerlicious

Next time you go to sleep.

This is distribution, its very common for the way down to consist of extremely volatile candles. The same person pushing it down is also pushing it up, so he can dump on the dumb morons that keep thinking its reversing.

yes but if it is going on for too long nobody profits. We are near the bottom i hope.

or its being pushed down to give more time to accumulate
>nope, not done buying yet, push it down

>It is pretty obvious someone wants to keep the price down while the natural direction is up.
so every time the price drops it's market manipulation? oh boy... (((they))) are out to get you! watch it!

It went on for 2 years after the last bullrun. We're in a heavy bear market, find a way to profit from it, or just forget about crypto till next year.

> distribution after a 30 percent crash.

This is the TA of the average biz poster.

Its acumulation now

maybe this "someone" is everyone

Attached: 1527235106971s.jpg (180x250, 4K)

yeah but after last bullrun there wasnt quite this much at stake, not quite this infrastructure, not quite these developments.
After "last bullrun", ETH didnt even exist for another 2 years.
I think its not likely to continue that pattern

Its likely to continue that pattern and slowly bleed out to 3-4k until EOY, lot of normies already lost their patience and sold with huge lost but even more will capitulate in the coming months

Unregulated market.
This is what you get.

>I have 500 btc
>open short futures
>sell bitcoin
>close short
>$$$$$$$$$
>rebuy more cheap bitcoin
>repeat.

Yep. Markets fucked. This is the forseeb future of king shitcoin. As long as futures is settled in cash and not bitcoin, and there is zero way to stop this. Then LOL why not make free money.avi

Tl;dr : king shitcoin is dead, games over, thanks for coming out

fair point

You skimmed through Wyckoff's theory once and now you're talking out of your ass to sound smart. You're an idiot if you think this is distribution.

who's pay for their futures gains?

this is the issue. my bet is elite is playing a two sided game. theyre accumulating it with their fiat by futures and shorting, at the same time they're repressing the shit out of it. in the event that crypto becomes unstoppable despite them suppressing it so much they will still have a huge stake and will go along with it. However what if bitcoin was their doing all along and they let the market play out on its own so they could analyse it and now that they're sure how to implement blockchain and crypto into this world they're accumulating the shit out of it which means once they're done they'll lose the brakes.

>not done buying
>only 3% of btc is even actively traded
>97% are not moving
keep telling yourself that

how much fabric to make out well

well explain the investigation in to market manipulation in the US....

Reading these volumes I dont come to the same conclusion, and it seems to form an absolutely perfect wedge. I dont see a reason for a negative breakout.

Also think about the financial infrastructure based on crypto as asset class alone thats being build. DEXes everywhere, Conventional Trading being set up, Huge amounts of Tokenized Services or even Securities (NEXO for loans, Polymath for tokenization, OMG for the next anarchy meme)

Theres alot of causes that could bring in hype. VeChain if it delivers, ETH fixing TPS, even EOS launching successfully, Stockmarketcrashes should be good for crypto, since our movement is largely uncorrelated to stocks, and I believe we are due for one.

Idk, it might dip short term, I never ever see 2 years of a bearmarket coming off this though

Welcome to Jow Forums

Now get the fuck out

Let me ask - do you really not agree that 90% of activity is wash and bot trading?

Honest question.

Bill Gates still has 50 billion to short.

I do agree, but I dont think its a fundamental problem with the asset class. I dont even mind bots desu, the wash trading is dangerous