Very interesting perspective...
I'm not a trader myself, I'm in for the long run. But I can see how market manipulation, with the right amount of capital in a market with low liquidity, can be very profitable. That's pretty much why I don't do it, I'm a small player and would end up being eaten alive by big shot market vultures.
But in any case, it's good to know that current price fluctuations aren't caused by the general mood of the investors.
I would like to see more of this kind of analysis in here, but I do understand nobody would want to give away their secrets for free 
I traded for 3 years for fun (demo account), 3 years as hobby and I'm doing it since 4 years as my job. When I did it as hobby, I lost money for about 2 and half years and I always was the guy buying high and selling low (still happens). Over the years I read several books and completed "trading courses" like the one offered by "babypips" (traders will probably know this site). And since I entered cryptotrading, I added a 3rd screen to my setup so that I could look at some more beautiful charts at the same time.
There are so many beautiful things to see in around the world (or even if I only look outside the window)...and I basically look at charts on my screens for 16 hours a day. And I'm still so addicted that I can't stop doing it, even if I would love to.
Considering this background...
No offense, but personally i do not like when people claim that they earn more than 30% a year while trading. Also i do not believe in technical analysis and people selling their trading secrets.
One reason I avoided to contribute to a great forum like this for all this time, is that people always see the "bad in things" first. What I mean with this? I took a lot of time just to share a theory on why the market is moving the way it is and it seems that you got stuck at the one sentence where I said that I made some profits over the last couple of months. Because maybe if you would have read it all, you would see that your answer does not make much sense.
What trading secrets? And where am I selling something?
I did not tell anybody to buy/sell or whatever.
I told everybody what I did recently, and why i did it. If you believe that revealing my chart settings over a 1 month time span along with a bit of technical analysis is "revealing trading secrets"...then you may not be aware of the huge blogs that exist which make a living just by describing how charts move and why.
While I traded for hobby, my main job was being a Texas Hold'em poker player. And it's a really hard way to make an easy living. And you know what? 2% succeed...98% fail. When did I start to succeed? After about 1.500.000 played hands (Holdem Manager tracking stats)...Today my database consists of 7.500.000 played hands. I would play up to 14 6max 100NL Turbo tables at the same time...and I still was earning (but it was no fun anymore, and really stressing me out mentally).
So you should realize that you don't believe people who say they earn "30%+" a year just because you probably always choose the fastest and easiest way. Like "buying BTSX now and become rich with it" (like it happened for some lucky early BTC adopters). People who never dedicated themselves to something for 10-16h for each single day, for years...won't surely believe that this is possible.
But "30% a year"? I would quit this job and get another one right away. 30% can be made in a month. 200% can be made in a month. Depends on the volatility of the market, the volume, your knowledge and skills etc...But I studied too hard to make "only 30%" a year. I could have been around the world instead of inside a dark room, with 3 screens.
And I'm not even participating in pump/dumb parties of other Cryptocoins. You know that they are illegal in real trading markets, right? And that they allow traders to earn 1000%+ in a few days? Leaving the "pump/dump" marketing aside, the rest is "pure market manipulation" by a few guys...which will earn sums you won't believe in for sure. Many crytpocurrency markets work the same way as penny stock markets do. And the techniques used in these markets to manipulate it, are far from new. Probably many pump/dumb success traders just watched "The Wolf of Wall Street" to start earning, lol
@CossCrypto, interesting. Care to draw a prediction of what will happen in the immediate term?
Someone in the chat on bter a few days ago said they saw an order 750BTC appear and immediately disappear.
As for everything I say, this is just my thought:
drawing a prediction in such a small market, is completely useless. Because there were times where this one guy wanted the charts to go down while I wanted them to go up. So at the end of each 30 minute period, there were a lot of trades in both sides. This "battle" lasted 14 hours in which I think we accounted for about 110BTC of the BTSX trading volume of that day. I lost the battle, because when I had no funds left (and you realize when your competitor is running out of funds...there are many signs) he posted 2 sell orders for a total of 60BTC. When I quitted trading, the market stopped for 4 hours. Nothing happened (it was night time in china, dinner time in the States and GMT+2 where I live - 2am). But after that it still went in "his direction" even if all the indicator signals were against it.
So...with this kind of manipulation, a forecast is useless. You best decide on a daily basis (if you do this for a living, else I would just hold and earn
).
And active traders in a certain market, try to stay up to date with that market. So traders on Bter might see the forecast and say "let's have some fun".
Wouldn't be nice if we had a section like "market report" or "price speculation" (actually both of these exist already, the first by my self but no one really use them anymore..) and people with experience share these kind of graphs and their analysis, give speculation for the price and we discuss these things? In the end it will be clear who knows his staff, will earn some trading reputation, maybe people that use the traders advice if they make money they then tip them, or maybe in the future some traders could team up and get voted as delegates and get paid? There will be many different teams of delegates in the future anyway...So essentially day traders can give the rest of us some trading tips and get paid for their services..
Thanks for saying something nice
...and the idea is pretty cool to. But I would probably to focused on the trading itself to participate in this and as you can see from above, it's always believed that people "sell something" or "manipulate" others or whatever. I still believe that some things in this world are free. Even if I gave up on this selfish, superficial and materialistic humanity already years ago
.
Do you know of that one guy who started off with a giant red paper clip and after years of "Exchanges" with another object, he managed to get a house with it? Cool story.
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