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Author Topic: BTC price flatlined over the last 20 hours - manipulation evidence?  (Read 117 times)
btcone111
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April 07, 2018, 12:54:21 AM
 #1

Guys, btc price flatlined for the last 20 hours. I have never seen something like this before.
Look at this.
Is this some sort of manipulation by futures traders?

First graph shows the flat line --- graph time frame 24 hours.
Second graph time frame 1 month shows how bizarre this flat line looks and how it stands out from historical price action



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April 07, 2018, 01:09:45 AM
 #2

They said they would "tame" bitcoin.

And futures markets always do that to assets it tries to exert control.

But then some denier will say theres no BTC volume in futures. It dont need to, they buy it through hedge funds in the usual BTC exchanges. They bought it in massive quantities in November and December, and since the market is fragile and 10% of the total supply can move it, they are manipulating the price to go sidelines.

It can also be the effect of bear congestion. Too much bears buying and shorting at the same time, which neutralize the bull traps and make the price go sidelines.

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April 07, 2018, 05:20:02 AM
 #3

first of all stop using coinmarketcap.com when you want to check the charts. their charts is an average price with a long interval of updating so it is not accurate at all. also their interface makes it hard to see what is really happening. this site is only good for finding links and general information about different coins, nothing more.

secondly you say "I have never seen something like this before". maybe you need to look at charts more often because although bitcoin is considered volatile we still get near stable periods like this enough times. and this is not exactly a flat line either. it is a 6% up and down in 24 hours!

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April 07, 2018, 06:25:02 AM
 #4

seems like people have different perspective regarding 'flatlined'.
as a traders we called it as sideways,
if you said it was your first time seeing this,you must be new in cryptocurrency right ?
because if you look back our history in 2015 you will see that we were moving sideways for more than 11 months or around that.
so 20 hours sideways compared to before ? it's nothing.

regarding this flatlined or sideways,most people said it's calm before the storm.
which mean Bitcoin will make a significant movement after this action.
lastly,evidence ? Bitcoin went up from $800 to $19.000 last year.
did not you see it as an evidence ? or the price move from $150 to $1100 in 2013~2014 ?
everything is pure manipulation,so we do not need an evidence because everything is decided by them whether it is go up or go down.

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April 07, 2018, 06:29:13 AM
 #5

everything is pure manipulation,so we do not need an evidence because everything is decided by them whether it is go up or go down.
To be precise, it is decided by whales and large holders but in the long run, it will stop as btc gets diversified so let us be happy that they at least dump their coins as it gets diversified among users that way. Also, they cannot keep what they are doing forever, they will either run out of bitcoin to use in manipulation or the government might intervene with them in the future as it is somewhat similar to money laundering(since they gain unexplained wealth in just a short time).

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April 07, 2018, 06:34:56 AM
 #6

first of all stop using coinmarketcap.com when you want to check the charts. their charts is an average price with a long interval of updating so it is not accurate at all. also their interface makes it hard to see what is really happening. this site is only good for finding links and general information about different coins, nothing more.

secondly you say "I have never seen something like this before". maybe you need to look at charts more often because although bitcoin is considered volatile we still get near stable periods like this enough times. and this is not exactly a flat line either. it is a 6% up and down in 24 hours!

Exactly, I can say same thing for coinmarketcap. It was before that one can trust them but now, I don't think they are genuine or trustworthy any anymore. There are lot of sites like Coincodex and Onchainfx were one can check up on coin charts. And OP, I cant fully say if its a major manipulatolion but if you have been a long time investment, trust me, this chart will look familiar to you, and you won't say 'you have never seen anything like that before'. Even recently, last month precisely, there have been a similar chart like this, it no new thing.

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April 07, 2018, 07:32:28 AM
 #7

just because price is fluctuating less than before it doesn't necessarily mean there is manipulation happening. just like when there is a rise or falls happen there is not always some manipulation. and this stability might be because of the weekend effect and the fact that we are closer to the bottom now than before so the buy support is canceling out all the dumps now.

it also may be because of some uncertainty about the near future price that also shows up on the volume charts (lower vol now).

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April 07, 2018, 08:24:20 AM
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Go ahead and check out individual exchanges' volumes and price changes in the last 24 hours. You'll see that there was some form of fluctuation from 5%-6% all day. You haven't seen such calm prices before? Look at the 2014 charts and you'll see that the price is just hovering @ $200-250 for the most parts of that year. You can't attribute every market movement into manipulation. It's just like blaming other people for your poor comprehension on how the market works. People are just uncertain about what's gonna happen in their next moves, that's all.

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April 07, 2018, 08:59:08 AM
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It's not purely a manipulation evidence cause this kind of constant chart have happened when there was FUD from the government or so. And even when nobody was doing anything this type of chart have happened. I remembered reading back about bitcoin evolution in the 2013-2014, there was a similar chart like the one you have up there. Then btc price wasn't as high as it is now, I bet there wasn't that wasn't a manipulation too, so it happens.

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April 07, 2018, 03:46:55 PM
 #10

Guys, btc price flatlined for the last 20 hours. I have never seen something like this before.
Are you sure about that? so for the very history of the bitcoin price, this was the very first time it flattened like that? like the other people said way back when bitcoin is not on the thousand dollar price minimal fluctuations are normal due to the condition of the market and trading activity so its really happening.

First graph shows the flat line --- graph time frame 24 hours.
Second graph time frame 1 month shows how bizarre this flat line looks and how it stands out from historical price action
That's not flatlined, it is still curving minimal fluctuations the price is still moving upward and downward so it is not the basis if you're going to tell there is someone who manipulates the bitcoin market.

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April 07, 2018, 03:50:26 PM
 #11

Guys, btc price flatlined for the last 20 hours. I have never seen something like this before.
Are you sure about that? so for the very history of the bitcoin price, this was the very first time it flattened like that? like the other people said way back when bitcoin is not on the thousand dollar price minimal fluctuations are normal due to the condition of the market and trading activity so its really happening.

First graph shows the flat line --- graph time frame 24 hours.
Second graph time frame 1 month shows how bizarre this flat line looks and how it stands out from historical price action
That's not flatlined, it is still curving minimal fluctuations the price is still moving upward and downward so it is not the basis if you're going to tell there is someone who manipulates the bitcoin market.

I understand what you're trying to say in the first part of your reply, but I think the main point about OP sharing this takes into account that it's a recent happening and has happened for a (significantly) long period of time, almost 1 day of a flatline. OP is saying that it's not characteristic of the currently volatile bitcoin that has survived through its crazy rises and its similar drops.

For the second part, again, I think OP's point is to bring to light that something is different from the other points in time seen in the graphs. The "flatline," which is essentially just minimal drops and gains such that in the grand scheme the graph looks straight, is different from what a lot of the graph has looked like and should look like.

I don't mean to say I agree or disagree with you, I just think you're missing some points.

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April 07, 2018, 03:56:47 PM
 #12

Guys, btc price flatlined for the last 20 hours. I have never seen something like this before.
Look at this.
Is this some sort of manipulation by futures traders?

The traditional markets close on a Friday in New York, even Forex closes for a weekend.  The crypto markets never close, they might have the size but we have the advantage of a truly global market.

The price right now is exhausted, its actually a good place to sit up and take notice.   When everyone is fed up guessing and trying to be bullish you have your scenario for a better risk to reward scenario.

We have major support in this area, its been called a few times.  Its natural for the price to slow when encountering a gradient of long term support like this.

I'll just shut up and post my chart view and hopefully you get the idea:


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April 07, 2018, 04:47:14 PM
 #13

Yes I agree the price is being manipulated and insider trading and heaven knows what else. The ordinary person hasn't got a chance just now.  Because they might be sucked in again and lose money because they don't know whether or not the price will go  up or down.
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April 27, 2018, 10:01:03 AM
 #14

Yes I agree the price is being manipulated and insider trading and heaven knows what else. The ordinary person hasn't got a chance just now.  Because they might be sucked in again and lose money because they don't know whether or not the price will go  up or down.

LOL. What Insider Trading? Care to share your experienced? Do you know what insider trading means? Casuals like us a chance if you are talking about making profits, its just how you react, if you panic, you lose, if you have that patience and a tough mentality and easily not tempted to sell, then you can ride the waves with the whales and can make profit in the end. Those who have been suckered didn't know how the market really works, but for sure if they lose money along the way, they can get valuable experience in return.

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April 27, 2018, 12:06:38 PM
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Yes I agree the price is being manipulated and insider trading and heaven knows what else. The ordinary person hasn't got a chance just now.  Because they might be sucked in again and lose money because they don't know whether or not the price will go  up or down.

LOL. What Insider Trading? Care to share your experienced? Do you know what insider trading means? Casuals like us a chance if you are talking about making profits, its just how you react, if you panic, you lose, if you have that patience and a tough mentality and easily not tempted to sell, then you can ride the waves with the whales and can make profit in the end. Those who have been suckered didn't know how the market really works, but for sure if they lose money along the way, they can get valuable experience in return.
I dont think this price movement can be manipulated.  It is almost a month now since the price has been constantly rising up. Yesterday it has reach the peak of 9767k  almost reaching the expectation of 10k and there are more day left for April I think it can really surpass our expectation. This movement is very good👍 And no can manipulate the price this long unless he owns the majority of all bitcoins..
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