Bitcoin: A Bankers Dark Fantasy
I remember rather faintly, it was nearing the end of April and the crypto market was the most positive I had ever seen it since the closing days of 2017, where billions of Dollars were quickly flooding into the crypto market to result in the revolutionary all-time highs we had been so dearly longing for.
All it took was a google search directly relating to anything crypto and you would have stumbled upon article after article of positivity and glimmers of hope, alongside the traditional honeytrap of ‘100K BTC next!’. Investors not accustomed to this wild west market either panic sold and liquidated from the market altogether during Bitcoin’s reversal from $20,000 or they just simply sat aside and waited for a ‘safer’ time to invest. But what determines safety in a market so unregulated and prone to more mood swings than a hormonal teenager?
The mainstream media, to be precise. If you’re not an experienced investor you’re likely looking at no other alternatives for information besides news articles, forums and potluck. Which unfortunately in this infant space, quality information not written by a 14-year old diversifying $100 of his parent's money between every altcoin on Binance is like finding a pot of gold at the end of the rainbow.
This is why so many continue to lose money from this market’s monstrosity movements, but something told me in the back of my mind, around this period of time as BTC headed towards $10,000 once again, that something wasn’t quite right with a bull-run proceeding just yet.
The clues lied within the longer-term timeframe charts for Bitcoin, something 99.9% of people never even bother opening because they’re so fixated on short-term pleasure. The charts painted a clear picture that Bitcoin’s reversal from $6,000 to lead the climb back to $10,000 wasn’t really a valid level that made a lot of sense to rebound from. What did make sense however, was where price once found extreme difficulty and manipulation from certain regions, more precisely, anywhere from $5,000 all the way down to exactly $3,600, the level I truly believe could be where Bitcoin finds enough support for institutional & Wall St. buy orders to launch it back to the stratosphere.
Since the demise of CME Futures, Bitcoin is nothing more than a market manipulators playground and rag-doll for price prostitution. We have never seen it recover from its highs upon the official launch of futures trading, which is enough information in itself to show that those pesky and mouth-watering hungry bankers are taking back what they believe is so rightly theirs: Your profits.
After melting BTC to the ground, their short positions have only been getting stronger ready for the next leg down to what is very likely about to become a monster drop into the $4,000’s at least. So why did price soar so quickly from $6,000 to $10,000? How did we not see the bull run from all that momentum? Quite simply, because a reversal that strong from a specific price point transparently screams buy orders were set at the ready to secure those profits from the shorts placed at $20,000. Then guess what happens when $10,000 hits? They slammed those shorts with catastrophic firepower from the new attained profits and take the unknowing investors still believing the ‘BTC to 100K’ articles, for another drive down destruction city.
The articles have now shifted to bearish again, a trend I frequently point out in all of my articles. Now that $6,650 has broken (A crucial level I’ve been pointing out for months), people clinging onto dear life have well and truly now been emotionally destroyed. When you combine this factor that now the panic sell-offs are truly about to begin, with more leveraged short positions from Wall St, you can see emotional turmoil will peak if BTC breaks the $5,000’s and many will either be liquidated or flee from this market forever.
What a perfect time to buy all of that crypto now circulating in supply more than ever aye? Oh, guess what happens when all of those short positions have been closed and now turned to long? You’re going to see the next surge driven by bankers greed that will truly take us way beyond where the last measly all-time highs reached. But guess what happens if you sold at the lows and wait for that sought after ‘safe’ buy in? You’ll be buying near the next all-time highs and strapped up into the rollercoaster of destruction, ready to be sunk into the ground all over again whilst the elite laugh all the way to the Trillions.
Want to beat the bankers and the dirty tactics of the ‘system’? Guess what, you never will.
But if you follow their moves? You’re right there with them, making money every step of the way.