4th Dimension: Bitcoin-Manipulation-Cartel — Price-Suppression is their Goal
Every market has three major dimensions and everyone knows that
- Technical Analysis
- Fundamental Analysis
- Manipulation.
Cartel — The 4th dimension of the market
There is 4th dimension that exist in FEW Markets, Its called “Cartel”. Its primary Goal is “Price-suppression”. Please note — it IS NOT “Manipulation”.
Is Cartel Active in Crypto Space?
Absolutely, YES.
I called for Bitcoin correction of 95% before CME opened its doors. Check my Twitter account @Super_Crypto 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. It still continues (image last updated Mar-10–2018)
Chart updated on Mar-10–2018
Don’t believe in Cartel?
I know, I know! You are one of those guys telling me “Everything is natural correction” — Right?
No buddy, its NOT.
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. 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.
Chart updated on Mar-12–2018
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 Killer on the Loose!!! (updated Mar-27)
Below is another interesting pattern-selling observed from Mar-24 to Mar-27, 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.
Chart updated on Mar-27–2018
Let’s get into the fundamentals of the “Cartel theory”
What is Cartel?
Cartel is collection of entities that work together to attain certain goal on behalf of the financial elite. Their goal is to control-the-price or suppress-the-price of a particular asset as desired by their ultimate boss (mostly government). Who is Government’s boss? It’s the financial elite.
Is Cartel active in all Markets?
Not many. Cartel is active in only few markets
Which are those markets?
It’s Gold, Silver and Bitcoin. Bitcoin was added to the list two months back (in Dec-2017). Most people deny Cartel exists, even if they experience the results every day they will continue to deny until 95% REKT. Gold bugs denied it even when Gold and Silver was brought down to earth before their eyes. Gold and silver was REKT to its production cost ($1200/$14) and many miners went bankrupt. Still there are few Gold bugs that are clueless about Cartel.
The PROOF
Before you read any further let me provide the proof of price-suppression in Precious metals (Gold, Silver, Uranium and all that)
See this 25 years Uranium Chart ?
- Uranium rose from $5 to $130 from 1993 to 2007.
- Futures Market started in May-2007
- See what happened? DROP in Uranium started exactly from May-2007 and it never recovered since then.
Any doubts about what started the precipitous drop in Uranium? Its the Cartel people, and their playground is Futures market.
GOLD -
Lets look at Gold 25 years chart. Cartel started ACTIVELY Suppressing Gold price in Futures market since 2011. What do you see?
(Please note: The Gold futures started much earlier than this — in 1974. In fact Gold rose after futures were introduced in 1974. The reason it was not suppressed in 1974 was — A) there was no need to since Gold was just decoupled from USD in 1971 B) US did not have Debt of 21 Trillion that time. The need arrived with 2008 financial crisis when Gold rose parabolically in 2011 with DEBT. Since then the price-suppression actively started in Gold and Silver markets.)
Silver -
Lets look at 25 years chart of Silver now. Same as Gold
Can we compare these charts with Bitcoin now? (as of Mar-2018). Do you see any Similarities here? What does it tell you? coincidence? Natural-correction? Naaaa. It’s Price-Suppression (not Manipulation).
So far Bitcoin has consistently gone down since the day CME futures started on Dec-2017. Will it follow Precious Metals path? I think so.
See this recent news in Gold market
Read “https://www.zerohedge.com/news/2018-01-29/these-are-6-traders-who-were-just-arrested-manipulating-gold-market” — Jan-2018
6 traders that manipulated the Gold/Silver markets were “Currently or formerly employed by UBS, HSBC and Deutsche Bank”
CFTC Files Eight Anti-Spoofing Enforcement Actions against Three Banks (Deutsche Bank, HSBC & UBS) & Six Individual
This is just TIP-of-an-ICEBERG. I hope to write a separate post on PM suppression scheme. https://www.cftc.gov/PressRoom/PressReleases/pr7681-18
Cartel is like an Invisible Hand!! Deal with it
Who are these entities?
They consist of Government agencies, big banks, Regulators & Media. They all work in a perfect synchronization to pull coordinated attacks to attain the goal of price-suppression. See what happened on Jan-30–2018 and Mar-07–2018? (many bad news hitting the market within hours of each other as Bitcoin was sitting on a critical support at 10K). Once 10K was broken the Cartel took over and started shoring Bitcoin like HELL. today we almost hit 8K. (and we are again below 8K when this post was updated on Mar-18)
Why do they do this?
It’s all about Dollar Hegemony and money control. Bankers and governments have recognized that Bitcoin and Crypto in general is a threat to their existence. What do powers do when they see anything as a threat or enemy? You got it, they try to destroy the enemy (by all means). Therefore, It is extremely important for the Financial-elite to stop bitcoin’s rise so their show can continue.
What do they do to stop the RISE of Bitcoin?
They first let it rise to unimaginable height (20K first stop). Then they drop it to unimaginable lows. They will do this many times. They have trillions of dollar to maintain the show going, UNTIL the RETAIL investor gives up in frustration. What you are seeing since Mid-2017 is just the 1st inning of 9 innings Bitcoin game.
Bitcoin has been placed into Geopolitical chessboard since Mid-2017. Most of the Bitcoiners have no idea how big this game is. Crypto space is just a pawn on this chessboard and there are elite-fingers moving these pawns (Gold, Silver and now Bitcoin).
See this recent news —
Trump Orders New Sanctions Against Venezuela’s National Cryptocurrency.
Why should US place sanctions on Venezuela just for launching Petro?
The answer is — because crypto challenges Dollar Hegemony.
Crypto can set the countries free from US’s repressive Dollar Regime. Therefore, no country is allowed to launch its own crypto. This is also a message for other counties “Don’t get involved in Crypto” — Any doubts?
Why only Gold, Silver & Bitcoin? Why not Stocks, Bonds, ETF, Index funds, Mutual funds etc?
The answer is in the previous question. “It’s all about Dollar Hegemony and money control”.
When money flows into Gold, Silver and Bitcoin it shows that governments are bankrupt and their “Fiat” money is worthless. If these assets rise, all money will supply dry up and move into these assets. World will know the King has no cloths.
When money stays in Stock and bond markets it supports Dollar trade. Therefore, it is very important that stock and bonds markets remain intact and have been kept elevated artificially.
In fact, you know what? There is a counter-party to Cartel in stock market and it is called — Plunge Protection Team — PPT.
Cartel’s job is to keep Gold, Silver and Bitcoin markets suppressed while PPT’s job is to keep the stocks and Bond markets elevated.
Here is what the PPT does
To keep the Stocks and bond markets artificially elevated using the printed (Helicopter) money so that the dream of fake-prosperity continues for ever as the nation goes bankrupt.
Read More: https://www.investopedia.com/terms/p/plunge-protection-team.asp
Why not Simply Ban Bitcoin (& Gold) and get over with it?
It does not work that way folks. There are severe consequences and repercussions of banning any asset, more so in the world of a social media.
Lets look at the history first:
Most of the people don’t know uncle Sam had banned and confiscated gold in 1933 using presidential executive order. See this Gold confiscation order
Two things happen when a particular asset is banned
- Govts and politicians have to face people’s anger and
- the banned asset gets people’s sympathy (and people tend to hoard it even more). It did happen to Gold since 1933.
There is another option: Price suppression
This works far better than banning anything. When price suppression happens
- most of the people reject there is anything wrong or malicious about the price drop (even though the fundamental are strong in favor of the asset). In fact, those point out the suppression are called “conspiracy theorists”.
- As price keeps dropping people start despising the asset. See what happened to Gold and Silver since 2011. The more it dropped the more people hated it. Many Gold bugs sold precious metals at the bottom and switched over to Bitcoin and Crypto (when it was at the top.) This exactly what “they” want the retail investor to do as “they” collect more of it at the lower prices.
Therefore, in the 21st century the easiest option is to manipulate the price of an asset so people themselves want to get rid of it without politicians or govts having to face the consequences of banning an asset. Govts and banks have realized that this works far better than banning anything.
Therefore, in my view, bitcoin will not be banned as long as it can be controlled. But its price will continue to drop (with many rallied in between) so the average Joe remains a bag holder in the end, starts despising Bitcoin and even sells it at the bottom as Cartel collects more of it at lower a cost average. Bitcoin will be banned (selectively initially) ONLY if the crypto bull rages out of “their” control.
Sounds like a “Grand conspiracy” Right? Great, Now deal with it.
You have two options
Continue to deny it and lose your capital.
OR
a. Recognize the threat
b. Understand the strength of the enemy
c. Play the Cartel’s cards
d. Protect your capital now
e. Buy Bitcoin DAMN cheap later
**Do anything but please DO NOT sell your Bitcoin to the Cartel. In fact, ADD more as they DUMP it on the market.
This is a game of “Wealth-transfer-from-Plebs-to-Bankers”.
What is the Strategy I am using?
Less of HODL, Less of BTFD
STFR — Sell the F** Rallies
BTFDD — Buy the F** “DEEP” Dips.
“DEEP” is extremely important word here. The DIP must be so DEEP (or bad) that everyone must have given up by this time. Buy ONLY that time.
I understand: Trading is difficult. If you cannot handle anxiety, then just Buy DIPS and HODL.
Please note: I am not claiming I bought/sold at these points. I am just explaining the strategy with this image.
Where will the price suppression take place?
It will be at the Futures Markets. CME, COBE and every other futures markets that open in the future.
How did they do it so far?
Cartel heavily bought Bitcoin at the exchanges starting from 2K all the way unto 12K. They let the market fly until 20K. CME opened on 17th December and they started selling on exchanges. (See one month before and after CME). Since then price has gone down for 45 days tracing about 60% at the time of writing this post (Feb-01–2018)
How will they do it in the future?
Initially Cartel will continue to suppress the Crypto prices at exchanges until futures market volume builds (track futures Volume here). Once enough volume is built at the futures market will take over. They will not need cartel to work at exchanges anymore. At this point, cartel will move to futures market, which is their home ground anyways. In simple terms, Bitcoin will be sold as Soybean when volume like Soybean is built at CME.
How long will it continue?
Look at the Gold/Silver Markets for the answer. Price-suppression (manipulation) started actively in 2011. Its still going on in 2018
Cartel Feeds on FUD and Propaganda
Do you think Leo Melamed made this comment without knowledge? Nope! He did mean it and you can see it every days since Dec-17–2017 (CME-future’s market Open)
An EPIC war is being waged against Bitcoin. Eventually people’s money will WIN. But for now its going to be uphill task for bitcoin. We will keep going down until “their” targets are met.
How will this end?
One day Cartel will lose control of the markets. That day will be EPIC. The prices of Bitcoin (and Gold/Silver) will rise astronomically.
My Bitcoin path is 20K to 1K to 100K
You want to OWN lot of Bitcoins when it ends
Here is my recent tweet about why.
So, can the Cartel be defeated or burnt?
“NO Way”
Bitcoiners in denial
Most of the Crypto community does not even believe Cartel exists or there is any kind of coordinated attack going on at Bitcoin. At the most they think it’s Whale or manipulators. They consider everything as “Coincidence”, and that is because it follows Technical Analysis (TA). Of course it will follow TA. The Cartel is investing trillions of dollars behind such efforts, do you think they don’t have highly paid chartists on their payroll? They pay $700 pa for their chartists. How may on Twitter-Bull have that income level?
So why did Bitcoin start going down exactly on the evening CME opened? It’s “Coincidence” according to the Bitcoiners. At 20K they were pitching for 100K, but now they say the correction was due anyway and we are seeing that normal 50% dip. This correction will soon be over and we will be going to 20 first and then the moon…so they say.
First they said the correction is because BCH was listed at Coinbase, then they said its Tether subpoena, then they said No, No its Mt. Gox selling. Later on Mt.Gox changed his dates of selling. Market is still falling. What is your next excuse bulls?
Therefore, the crypto community as a whole CANNOT come together against Cartel until it’s too late. What is too late? That is the time when most Crypto owners will start hating Bitcoin….below $1,000 may be?
Anyways, I wish I am wrong and this does not happen and we will go to 20K and then moon soon.
This is one of my tweets before CME…It’s so true event today.
Here is the image of that “CME-is-just-a-coincidence” in terms of Market cap. Please note the Bitcoin started going down exactly from the evening of CME opened on Dec-17–2017.
So far, 200 Billion Dollars have been wiped out from the Market Cap. ($327B to $130B as on Mar-18–2018). Does this look like a Natural-Correction to you? Let’s hope so.
Chart updated on Mar-28–2018 (Image courtesy of coinmarketcap.com)
More at my twitter https://twitter.com/Super_Crypto
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