What dimensions markets have?
There are three dimensions in every market
- Technical analysis
- Fundamental analysis
- Manipulation
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So what is the 4th dimension then?
4th Dimension is only in few markets, its primary goal is price suppression and its called “Cartel”.
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Is this dimension present also in Bitcoin market?
For me, it is looking like that it is present. But I will provide more information below so you can validate it yourself.
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Since when Cartel is active in crypto space?
It entered crypto market somewhere in October 2017. It started showing the exact hour CME-Futures Market opened its doors for crypto. Bitcoin dump started at the moment CME opened doors at 5 PM on December 17th 2017. You can see it on the Daily chart below.
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Do you believe in Cartel?
Don’t worry, at the first time I did not believe it either.
In my view, everything since December 17th 2017 (the day CME opened its doors) has been planned and “manufactured”. Bitcoin was being taken for a ride with the people at CME.
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How Cartel has worked since CME opened?
Cartel has been using media-propaganda to break the price around important TA resistances on January 30th and March 7th. It means that a lot of not good news were released exactly at the same time to dump the market. But the news was not new they just released it on the same time even when something happened like a month ago.
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Have you noticed that there were 6 days of Bitcoin, Ripple, Litecoin, and Ethereum dumps stating at 11:30 US east time?
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Multiple dumps from March 24th to 30th
On the picture below you can see weird fast high volume dumps that usually starts below the price of the previous dump. It looks like someone wanted to get the price as low as possible.
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Have you seen what happened on crypto exchange OKEx on March 30th 2018?
This is their announcement: “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 the further notice”
The words- “without considering the cost” looks very suspicious to me.
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How FUD is made?
Did you know that on February 7th someone hacked China’s central bank mailbox and emailed a bogus notice about Bitcoin crackdown? Bogus press invitation was sent to US media claiming that China’s bank will crack down on Bitcoin and prohibit it in China. Would a normal hacker do this? NO, this would do someone that will profit from it not a normal hacker but maybe Cartel.
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Definition of Cartel from investopedia
“Cartel is a collection of otherwise independent businesses or countries”
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Which markets is Cartel interested in?
Not many. Cartel is only in a handful of markets. It’s Gold, Silver, Oil and Bitcoin. Most people don’t believe in Cartel even when they see its results on markets.
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Proof of price suppression in other markets.
Uranium
Gold
Silver
And now let's look at Bitcoin, do you see anything similar?
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Why does Cartel do this?
It is simple, they want money control. They recognized that Bitcoin and cryptos is a threat to their existence. They try to eliminate their enemies (by all means).
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Conclusion
I think that Cartel will lose eventually because they can not sell asset indefinitely. When will it be? No one knows because most people in crypto market does not even believe in Cartel. They think it is just a coincidence that around important TA levels there are horrible news everywhere and that after CME opened its doors Bitcoin was dropping even when fundamental analysis was looking great for the asset. Look at the precious metals market, it has been going down since 2011. But if the price action on precious metals market was not manipulation this whole theory is false. I am open to any discussion in the comments and I fully understand if you don’t believe this theory.
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- Tom
I am NOT a financial adviser of any kind and I am NOT responsible for any financial decisions made by you. All in this article is just my opinion. I wish you a very profitable trading!
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