Poll
Question: Closing BTC Price June 28:
$0 - 5 (2.6%)
<$7,000 - 4 (2.1%)
$7,000-$7,499 - 0 (0%)
$7,500-$7,999 - 0 (0%)
$8,000-$8,499 - 1 (0.5%)
$8,500-$8,999 - 3 (1.6%)
$9,000-$9,499 - 4 (2.1%)
$9,500-$9,999 - 27 (14.2%)
$10,000-$10,499 - 26 (13.7%)
$10,500-10,999 - 15 (7.9%)
$11,000-$11,499 - 14 (7.4%)
$11,500-$12,000 - 17 (8.9%)
>$12,000 - 59 (31.1%)
>$20,000 - 15 (7.9%)
Total Voters: 190

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21254529 times)
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Karartma1
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June 05, 2018, 06:55:54 PM

@Anon136
That is to me an accurate chart on price manipulation which is definitely worth to be mentioned here on the WO. The Bart Simpson pattern became a thing and, trust me, I would love if it would cease.
So it goes now, there is not much to do but hey, after the third Bart pattern I started to take some profit and bought a bit more on the way down.
If they play, I will do that too.

To what do you attribute it? I mean more specifically than just "manipulation" generally.

Looking at that so-called "Bart Simpson" chart pattern, I don't really see the mystery. That is exactly what a trading market pattern would look like if you have:

a) major sideways wash trading
b) the float on exchanges being really thin
c) only one or a few whale market participants using large margin
d) volume being led by one or only a few exchanges

Which is the environment we are in right now. The whale is ready to rek anyone who takes up a sizable position in either direction. It could be the exchange owners themselves.

Agree!  Exchange owners are some of the largest and dirties whales around; they are more like Killer Whales acting solely on profit gouging!
Torque definitely put that better than me but at the end of the day I call it price manipulation. If words still mean something Smiley