Are you ready for a 15K Bitcoin consensus rally?
“This is a Bitcoin Consensus Conference 2018 weekend. Consensus rallies in recent years have yielded gains between 10% and 70%, meaning if this year does outdo the previous, bitcoin could surge back above $15,000” — Tom Lee, managing partner at Fundstrat Global Advisors.
Shall we have a rally to 15K soon? I am not in a prediction business so I am not going to say if it’s going to 15K or 5K. I am a long-term mooner, mid-term bear, and short term trader.
This post is to talk about the Cartel strike #3 that started on the weekend prior to the Bitcoin Consensus Conference 2018.
The #Consensus2018 rally is off to the races!
Few clarifications before we get into “the Strike #3”
#1 — If you are new to the concept of the suppression (not manipulation) please read my first post here. It has been viewed 400K times so far.
#2 — Most of the Crypto community is in denial about the price suppression (they will remain so for years to come). Now there is a FED research paper that says — “The rapid run-up and subsequent fall in the price after the introduction of futures does not appear to be a coincidence,” Launch of bitcoin futures (CME & COBE) dragged down prices.
#3 —WARNING: Financial elite holds a lot of ammunition and they have used hardly 5% of it so far. 95% is still intact and unused. If I am not wrong, we will be in this game for several more years. There will be many Rallies and Dips.
Let me repeat because these days we all have a memory span of a Goldfish, 3 seconds:
→ → → → **** There will be many Rallies and Dips!! **** ← ← ← ← Did you hear me?
You can stop reading here if you feel all this is FUD
Anything that conflicts the “moon-in-lambo” version is called a “FUD”. Crypto community consists mostly of millennial. They know the technology very well but very few know how the Financial System & the Geopolitics work. It’s a cruel world out there, folks.
Before CME started, Leo Melamed (86 years old CME Chairman) said“We Will TAME Bitcoin”. Most of the bitcoin community laughed at him. He is Chairman of a group whose Notional Value is 1,380 Trillions. Note the word “trillions” people. His statement had a deep meaning to it. Most missed it completely.
If you feel this is imagination of a paranoid mind then STOP Reading here.
One of my followers described it in a single tweet what I could not say in 10 posts — 10/10
Strike #1 and #2
Are you still here? let’s revisit the first two strikes. This image explains Strike #1 and Strike #2 — Entire post is here
If you are ready, let’s get into the details of the Strike #3
They told me “Once we break 10K, we will never see 10K again”
After the recent bottom of $6,400 on Mar-31–2018 Bitcoin had been steadily rising. In the first week of May-2018 we had exciting news like Goldman Sachs to Open a Bitcoin Trading Operation (for me this is not an exciting news because Goldman will be selling and buying Bitcoin paper photo-copies.)
Anyways, with several exciting news 10K was in sight and twitter space was full lambo, moon and rocket pictures. This is generally a time where my sell orders get executed.
Tweeter were very sure over the last three weeks. Bitcoin masters and superstars claimed that, should the bitcoin break above $10,000 again, and this was all but a foregone conclusion in their view, it would be the last time investors would ever see 10K.
What actually happened at the “Magical” 10K?
…And then something happened along the way. The hot hand held by BTC enthusiasts was left cold: the price dropped to the low nine thousands. Then it broke below $9,000. It would finally settle very near $8,000 by the Bitcoin Consensus Conference 2018 weekend.
What happened? Was it Buffet’s Rat poison comment at $9,990, was it Mt. Gox dump at $9,350, was it Nvidia Forecast at $9,100, was it S. Korea exchange raid $8,950, was it I-just-want-to-go-down at $8,700 or was is a plain-vanilla-dump at $8,550
…Or were these the events happening in a perfect sequence at perfect intervals?
Here are the dumps recorded. Please note the corresponding volumes. Another coincidence you think? May be. I am not going to argue.
Zerohedge: Cryptos have been hit with a tripple whammy today. The last 24 hours have not been pretty for cryptocurrency bulls…Around 1pmET, the entire space tumbled almost instantly as large blocks went through in Bitcoin, with chatter suggesting the MtGox custodian was unloading once again…Cryptos Crushed By 24-Hour Triple-Whammy
Where and how did it start?
It all started with the Bitcoin bashing by Mr. Buffet on May-05–2018 at Magical 10K.
B&B Company pours a rat-poison on the Bitcoin and we got 10% Dip in 48 hours
- Saturday 9AM ET Bitcoin is at $9,990 and ready to Break 10K any moment
- Mr. Warren Buffet Calls Bitcoin ‘Rat Poison’, again.
- Bitcoin drops couple of hundreds and then tries to rally
- Drops $500 once the news hits the channels
- Mr. Bill Gates decides to trash Bitcoin on CNBC squackbox Monday morning
- Stage is all set for the cartel to take over from here
- Then came MtGox, Nvidia, S.Korea and couple of plain-vanilla-dumps at a few hundred dollar’s intervals close to each other. Everything is clearly visible in 15-minutes charts (above)
- Missions Accomplished! $2,000 “natural correction” is achieved.
Crypto space is ready to fight over whether this is a “natural correction” or a “manipulation”. Stage is all set for the next rally and the Strike #4
Where do we go from here?
Possibly 10K again after the Consensus conference weekend? Will there be another attack at 10K? I don’t know and I cannot tell.
Here is the complete picture as of posting this post on May-12–2018
I generally sell rallies and am happy I did this one too…and I filled my bags at lower average price.
I sold $9,250, $9,650, $9,850, $9,900 (and every time I received tweets claiming “you are REKT” and “you will never get back sold positions”.) I bought back $9,500, $9,175, $8,810, $8,550 & $8,360 (I will soon update image of my trading here…not too important at this point of time.)
Thank you manipulators (or whatever you want to call them)
Here is my simple strategy
1) Long Manipulators
2) Short Mooners
It has been phenomenally successful for past 5 months.
By the time I complete this post we have had a rally of $400. Soon it will be time for few of my followers to tell me I will be REKT soon and how I missed the bottom (even if I show them my buys at the bottom.)
Today few FF have started hitting my feed…that tells me we are close to a bottom…. Be careful!! This is a season to harvest more followers. Ask there 3 Simple questions –
1) Did they tell you “We are going to moon soon” in Nov-Dec-17?
2) Did they tell you Institutional money is going to pour in the Crypto market? (yes it did, but on the short side)
3) Did they tell you we are going to burn the fiat & banking system soon and Bitcoin will be the next reserved currency?
Review all the OGs you have been following. Keep a balance of Bear and Bulls in your follows. Unfollow all Unidirectional handles who talk nothing but moon. There is a lot more to the financial system and the Wall St. than the moons and lambos. Soros does not buy Bitcoin at $10K and $20K. If he does there is a reason for that. Try to research his past actions and find out.
No lambos for me
I buy used cars, because I am poor and cheap 🙂 The most important thing for me is — I buy them cash, No Debt, no Credit Card.
I was recently asked “When r u going to buy Lambo”, here is my tweet on it
…and by the way, I also buy Silver with Cash. See my post written in Jan-2018: Where is The Future Bull Market — Bitcoin or Silver?
Follow my twitter handle here
The latest Tweets from Bitcoin, Gold, Cartel & Geopolitics (@Super_Crypto). I called for 95% Correction when Bitcoin…twitter.com
Let me clarify before closing this post.
I am a long-term Mooner but a mid-term Bear and therefore, a short-term trader. I collect Bitcoin just like all Bitcoiners. I also feel we are going to 100K. It’s just a different time zone for me. My time-frame for the moon is at least few years in the future.
Mooners want to go to moon now. I want to accumulate a lot more before going to the moon. Call me a contrarian if you like. There is nothing right or wrong in the investing. There are only profits and losses.
I would like to be wrong and have the profits than being right and having losses.