Every market has three major dimensions and everyone knows that
- Technical Analysis 2) Fundamental Analysis 3) Manipulation.
As many people are reading this, I would like to remind all — Please take this as an opinion only. I am trying to point out the undercurrents in the water we are swimming in. Undercurrents are never seen, they can ONLY be experienced. I can be proven wrong in the end. Only time will tell — Therefore “Please Validate, Verify and Trade according to YOUR plan”. Use it as a “Pause-for-thought”.
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Cartel — The 4th dimension of the market
There is 4th dimension that exists in FEW Markets, Its called “Cartel”. Its primary Goal is “Price-suppression”. Please note — it IS NOT “Manipulation”.
Is Cartel Active in Crypto Space?
I strongly feel so. I am presenting my research so you can validate yourself.
I called for Bitcoin correction of 95% before CME opened its doors. Check my Twitter account @SAshraf155
So far 70% of it is already in place. (But don’t expect 95% correction to happen in one shot. We will see many Rallies and Dumps in between. Nothing goes in a straight line. 20K is just the first inning. We are in for a long ride of a few years.)
Since When Cartel Is Active?
Cartel entered Crypto space somewhere in Oct-2017. Their presence started showing the HOUR CME-Futures Market Opened it doors for Crypto.
Bitcoin DUMP started exactly at the moment CME opened Doors at 5PM on Dec-17–2017. See this Daily Bitcoin chart (image last updated Apr-01–2018)
Don’t believe in Cartel?
I know, its hard to!
In my view, everything that happened since CME opening on Dec-17–2017 has been “Manufactured”. Bitcoin is being taken for a Ride with the rookies at CME. We will wait till the “real” players join the table.
This Is How Cartel has Worked Since CME opened
Check this chart. Click on the image and read all NEWS as they were “Released” EXACTLY at the important TA resistances levels.
Please note: The items listed under Jan-30 and Mar-07 below are the NEWS ONLY. This is how cartel uses media-propaganda to break the price. Ex: Mt. Gox did NOT sell on Mar-07 but the NEWS of this sell was released on Mar-07. Also, the Tether subpoena was issued in Dec-6 but the NEWS was released with the other critical news releases on Jan-30 with the objective to start the next dump….Why did they wait 55 days to release the Tether subpoena news and how did it hit with all other Bad news on the same day? Now you know why.
Do you know there were 6 days of daily dump after March-07 starting exactly at 11:30 ET?
Zerohedge has recorded it here — It’s 1130ET, Do You Know Where Your Crypto Crash Is?
A serial DUMP since Mar-24 to Apr-01!!!
Below is another interesting pattern-selling observed from Mar-24 to Apr-01, 2018. What do you see here?
Anytime price tries to recover Dump appears from nowhere
All these are HIGH Volume DUMPS
MOST of the DUMPS start Below the Previous DUMP Price
Does it look like a seller who wants higher price for their Bitcoin or a lower price? I see they want a lower price. Why? You tell me.
See what happened Crypto Exchange OKEx on Mar-30–2018?
This is announcement from OKEx:
“Dear valued customers, At 5:00–6:30 on Mar 30, 2018 (Hong Kong Time), a number of users performed unusual transactions to manipulate the price of BTC quarterly futures contract, making it deviate greatly from the BTC index. Based on our team’s investigation, the user closed a huge amount of positions at market price without considering the cost, causing it to drop to an unusually low level. We will disclose the transactions details in further notice”
Note the words - “without considering the cost”? This is a footprint of the Cartel in my view. Will the Manipulation Stop after it has been caught? I doubt.
Want to See How the FUD is Manufactured?
Do you know on Feb-07 Someone hacked China’s central bank mailbox to email a bogus notice about bitcoin crackdown..
Bogus press invitations was distributed to US media organisations claiming that the Hong Kong Monetary Authority (HKMA) and People’s Bank of China (PBOC) are about to jointly introduce new measures to crack down on “all aspects and services of bitcoin trading in both mainland China and Hong Kong”.
Read the above article and ask a question to yourself — Who would do such a thing? Only those who have interest in breaking down the Bitcoin price — Right? Would an ordinary IT guy or a hacker do this? NO — because they cannot benefit from doing this FUD. Only influential cartel who can benefit by creating a FUD would do this.
Let’s get into the fundamentals of the “Cartel theory”