Hi guys,
First of all, sorry for my bad english, but i will do my best.
- I love people's questions - Why a Bitcoin dump? Why pump? Why nothing happens to the price. For each price movement, people are looking for an explanation.
- As much as I tried to explain to them that the price of Bitcoin is influenced by a group of people, is a consortium of companies, market makers, or liquidity providers of the largest platforms on which they trade, people are always looking for a reason. Is it in China, is it in India? Will a company there not be able to pay some debt? Did something fall? That some new strain of coronavirus in Zimbabwe killed a cow.
- Basically, people need some justification, and liquidity providers know that, and usually after a fall they throw out some news that 'justifies' the fall, and then people say, '' Yeah, it's okay. Not because those out there who allowed me to play in this game took a profit, and that this game was not made for me to earn, but for him to make money, but it doesn't matter, he gave me something logical to justify in my head and to tomorrow I continue to trade and give him my money again, because I don't know what's going on behind everything."
- I’m going to ask you a few questions, why are social networks, and those CEOs so bullish-minded, crypto? Why did Dorsey leave Twitter, why did Square change its name to Block? Facebook meta? Why Goldman Sachs, a stinking bank that has been so anti-BTC for years, said the worst about the crypt, that they are the worst invention of civilization, why they now recognize that there is no going back, that world-class people have decided (if you can’t win join ), decided to use bitcoin as collateral for loans? Why do Visa and Mastercard integrate crypto into their platforms and compete with each other?
- The last drop in bitcoin was 100 percent manipulated. Price likes to move on a system of threes. How, look at January for example, when explosion started on some macro level. Look at charts. Level 1, Level 2, Level 3, the price did not continue worse than the M formation, bearish indicator, so there is a decline in level 1 and correction, a decline in level 2 and a correction, a decline in level 3 and a longer correction, a longer V formation.
- Market makers or liquidity providers have an insight into the statistics of each exchange office that provides liquidity, they see that, for example, at some level there are 100 bitcoins at a stop loss, where people have protected their stake. '' Yeah, we just need to lower the price to a level below, get people out of liquidity, buy their sales, open that position, and let the price go up. Easy as that. ''
- Look for an example in June, we had a long fall down, which broke the stop loss by 2-3 percent, in the 3rd leg of the fall, they immediately, pam, returned the price up, so naive people, again put a stop loss, and then again a breakthrough was made to break down the stop losses, then the price moved upwards, V formation, growth level 1, consolidation, growth level 2, consolidation, growth level 3. It was 7.-8. september, when there was NO REASON for the fall, totally bullish day according to the news, when that, the third leg, again the fall, the liquidation. That day all the moon boys threw out the news, we're at 52k, we're going to 70, 90, 120: D Instant liquidation, while it was raining, bitcoin also fell then, for no real reason, by 20%! Not single 'real' reason for that dump. People think that crypto is an open market, and people ask who the market makers are ... '' I buy some, Joe sells some, than he buys, I sell ... '' Yes, of course ...
- When friends ask me what will be the price of bitcoin? What do I think about that? - I always tell them - I'm sorry, I lost my crystal ball, when I find it, I'll let you know. Nobody knows. Especially when I see on YouTube channels that give some price forecasts, I mean, you better go to a local witch, to look at your beans or whatever. One important thing about market makers. People think this is a free market - This is not a free market, it doesn't exist, this is not - I bought, he sold, he sold, I bought. That is long overdue. There is an automated marketmaker, that is, that liquidity, which is already programmed as a bot, whenever you buy, he automatically sells, whatever vision you sell, he automatically buys.
-Why does the price of altcoin or bitcoin never go up constantly, why do we always see that at max points the price reverses. Why when everything was bullish from $ 30k to $ 60k, why didn’t it keep going up? You think that the moonboys who bought in that period all said together, this will not go up anymore, lets sell now ... Yes, sure.
- Because marketmakers are not whales, it is the sea, they provided what fish, sharks and whales swim in. When a whale comes, sells 50 million worth of bitcoin, the market maker is the one who enables or automatically buys. When you buy at a certain level, the market maker sells and automatically opens his short position, when you sell at certain level, he automatically buys and opens his long position. He doesn't like to be in the red.
https://preview.redd.it/v7yi6ful5y381.png?832&format=png&auto=webp&s=5bf2594699169aafba9672cffbe3a41e3a92ce13
https://preview.redd.it/rlghseul5y381.png?449&format=png&auto=webp&s=3b6cd239e1b51b0e7b3dbe1b69abfe2166282724
Have a nice day.
Comments