Let’s play the game. It’s very interesting and it can give us a better understanding how the crypto market will move in the future.
DESCRIPTION So, first of all imagine, we are Manipulators. We work as a team. Against us there is a team of Retail Traders.
We all want to make tons of money! We all need to buy as many Bitcoins as possible at the bottom and BEFORE a bullish cycle.
We have the same goals but different power and opportunities. If retail traders can execute any trading ideas in any time. We, as manipulators, need good volume. In order to buy 1 Bitcoin, we need someone who will sell us 1 Bitcoin. It's not a problem. But what if we need to buy 10 000 Bitcoins? 100 000 Bitcoins?? If we can’t get enough volume, we will have a good chance stay outside the market = we won't be able to make profit during a new bullish cycle.
CONDITIONS During the previous bearish cycle, we could build long positions between $7 000 and $3 000 levels. The bullish cycle allowed us to make tons of money. In order to fix our profit, we sold our Bitcoins in the range between $70 000 and $30 000.
Now, we stay outside the market but with tons of cash and stable coins!
OUR GOALS 1. We have to build long positions at the true bottom. 2. We have to buy as many Bitcoins at the best price as possible 3. We have to do it BEFORE fundamental reasons will become bullish.
During the previous bearish cycle, we used FUD. It allowed us to take Bitcoins from retail traders. We kicked them from the market using dumps and long-term consolidations.
This time, retail traders are smart. They are not ready to swap their Bitcoins into fiat. They are ready to add even more Bitcoins if the price moves to $14 000 - 10 000. Many of retail traders think it will be the true bottom. So, they are ready to hold Bitcoins! They are ready to buy more Bitcoins at lower prices.
We, as manipulators, may face with the situation where we won't be able to buy enough Bitcoins. There won't be enough retail traders selling their Bitcoins.
THE MAIN QUESTION What should we do to motivate retail traders sell their Bitcoins to us? We need good volume to build our long positions BEFORE a new bullish cycle. And we need the best price for our long positions.
How to be smarter than retail traders in 2022-2023???
Please, share in comments you ideas, playing for the Manipulators’ team. How would you reach 3 goals?
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.