Buy the dips, WRECK the futures!
Spread the word! Buy the dips, WRECK the futures!
Let's do what we can as a community to counter the futures manipulation!
It is my belief that FUTURES contracts are suppressing the price of bitcoin! Here is my proof to back up my theory.
I realize I may sound like a crazy man, but ultimately, I am protecting my investments and you should too!
We already know when to expect CBOE futures contracts to expire as illustrated below:
April 18 (today), May 16, June 13, July 18. From what you can see, the settlement values for all of these contracts through July will be between $7875-$7940. Is futures contracts suppressing the BTC value below $8000? I think so.
As we have seen in recent short squeezes, there have been mini rallies, along with additional futures contracts being liquidated along the way from OkCoin - source: Twitter @WhaleCalls
As I was formulating this theory, I noticed a set of contracts being liquidated as illustrated above. Below is my chart as I was charting the upward trend while trying to figure out if this was a bear trap.
![Screen Shot 2018-04-17 at 5.50.34 PM.png]
It was my intention to chart the resistance lines both positive/negative. While doing so, I saw the downward candlestick spike. As I started recording a video, a second downward candlestick. Over the next 3 hours, there was some price action upward, but just not enough to trend back up.
Are futures contracts suppressing the value below $8000? HELL YES THEY ARE.
What can we do?
I am asking the community to spread the word...
Buy the dips, WRECK the futures!
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