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# The main point and TLDR:
# The point of this thread is not TA, even if my TA is wrong…… Philosophically what is your opinion?
# If we could have whales busted for market manipulation with block chain analytics and exchange reporting should we?
**Is it against the crypto mantra?**
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end TLDR
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\*tech analysis stuff below\*\*\*\*
details below for those who don’t want to know about the anatomy of whale manipulation
Its a crime to bang close and wash the market. (what is about to happen now)
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Pump and dumps are also illegal.
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It affects all us minnows…. In a major way
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We are about to have a pretty big retracement or correction driven by whales. This is to potentially drive up the price in April and have a pre-summer dump again like last May 2021.
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MAx Pain theory has proven time and time again that big players push the price of all security assets to a place of their choosing.
What Is Max Pain?
Max pain, or the max pain price, is the strike price with the most open options contracts (i.e., [puts]( and [calls]( and it is the price at which the stock would cause financial losses for the largest number of option holders at [expiration](
The term max pain stems from the maximum pain theory, which states that most traders who buy and hold [options contracts]( until expiration will lose money.
You dont move billions of dollars of crypto to exchanges for safekeeping., when it costs you 80 cents in gas fees to move it. ( private wallets are damn near 100% secure).
There absolutely will be a correction, it wont be small. The RSI on the daily only peaks out 2 to 4 times a year, often coinciding with quarterly contracts ( this next one is 3/31/22)
FEbuary21, May21 , sept21, dec23 etc.
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[https://www.investopedia.com/terms/o/optionscontract.asp](
3/31/22 – 4-2-22 we should see a strong retracement
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Current max pain is 3300
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then it drops sun 3k
look at the change in open interest. …… thats a lot of $
More BTC is going to exchanges
Gas fees to bring this to a secure wallet would be less than 3 bucks? So when this happens a dump starts in days
Massive short positions are being opened
the red in the middle shows a huge shifts in open interest going from calls ( longs) to puts) on options
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I say just ban crypto from the futures markets. No derivatives with any crypto.
I’m not sure whether there’s much we could/should do about this. That’s why the best strategy has and always will be to HODL with diamond hands 😎
I actually think every ecosystem works in harmony if whales are also present. 🙂 From the ocean to crypto. In time, you have to learn to be less affected by the waves they create. Markets cannot just go up.
The reality is that these types of regulations are likely to happen if we want to get anywhere close to mass adoption.
I’d prefer that this never gets investigated, I enjoy the ramblings of the tinfoil hat brigade way too much.
“Pumps and dumps are also illegal”. Lol take a look around all crypto reddit bro.
I like the depth of research here. I have one point I can’t resolve myself, I hope I phrased it correctly when I ask.
Isn’t stopping market manipulation a form of market manipulation? I’m not advocating for Market Manipulation at all. Maybe I’m an ape when I say market manipulation is a symptom of a free market, which is what we all prefer. I am just trying to say that stopping market manipulation IS manipulating the market…. the difference is who is it is benefiting.
Chicken vs egg.. Most whales got in early.. If there were no early adopters, we’d still be trading 10,000 Bitcoin for a pizza.. 15,000 with inflation..
Doesn’t make it fair, just the nature of the world..
We wouldn’t sit idly by while forced religious persecution Uyghur slave labor makes our shoes and phones if life were fair.. oh wait..
Interesting data Op
Though I might add that while you have good lines, you could probably up your triangle game [/jokes]
In the true spirit of crypto, let the free market handle it. Use another coin.
Whales all allowed in the space just like shrimp sharks dolphins and guppies
Sounds scetchy