Today for the bitcoin price. We would talk about very very compelling evidence yet for a clear manipulation not only by coinbase but also by binance which let the price to dump down approximately 1000 US dollars in a matter of minutes we will talk about all of that and also if this is already the end of the dump well if we can expect lower prices here we would talk about specific price targets.

So first of all if you go on Twitter I hear you can actually see from the Official Verified Binance Account at Binance means that they posted it I'm like yeah approximately 12 hours ago "Trading is now live on http://Binance.com We apologize for the inconvenience and as always, thank you for your incredible support" Well what does that mean? That means that they have a maintainance. So far so good doesn't sound all too crazy right?

Well there was more to it also if you go here on this Downdetector and people can basically when the website is down just to yeah post whenever website is down and here you can see at 5:00 am I think it is UTC I'm yeah a lot of people reported at the same time that also Coinbase is down.

And if you try to log in no matter where you are in the world you'll actually able to see that you cannot look into coinbase for a few hours so we have Coinbase and Binance being down.

Now guys look at this if you go over to the Binance Exchange. Look at this here on the upside and you can actually see. so these candles, the 15 minute candles 8 so this is 6:00 PM

6:15 => 

6:30 =>

And now guys boom this is 6 hours of maintenance: 

And guess what happened this is a 50 minute candle only in the matter of 2 hours after what's the price dumped down and Coinbase also was down.

One possible reason for that can be either it could be manipulation let's say that it's a coincidence and they only did this maintenance thing I mean because we talked about the liquidity issue if Binance and Coinbase which are without any doubt One of the biggest if not the biggest exchanges in terms of volume and also important for the market then you are taking the quiddity from the market and also if you take a global order book also depth from the market so it is much easier to dump the price down if you take in depth from the order books. So someone could just go on bits them also and dump the price with a much lower volume and this is maybe what happened here.

Before we go into the TA and the very specific pricing, so these are very interesting thought and of course we we cannot say that we have conclusive proof but we do have evidence that would suggest that some thing has been going on here and of course there it could be coincidence but then again we have seen so many times historically that when these big changes are down we do see fishy price action and I remember tweets from I think was Jacob Canfield just a few weeks ago we're calling Coinbase was down again and he said something on Twitter like "PayAttention look out for big price swings" the end this is something that we've seen many times before and I mean it would be we've been in crypto for more than 3 years and during the past at least 2 years I have seen many times would least several times these kind of things happen so I think that there is validity and credibility to this theory. So without having conclusive proof I do really think that we have interesting compelling evidence yet.

So think about it guys if you go to the 10 really exchanges so, sometimes we have like a BILLION in total volume per day a Two BILLION and the binding so alone they sometimes in the Bitcoin USD T pair make up for 6 700000000 volume per day so it could be if you take half off the liquidity off the market away with 2 weeks changes only that it is much easier to dump right? So no matter if it was these Bitcoins from the auction all messed up way would just decided well guys let's treat got some stop losses there was probably something fishy going on.

So I mean if you have a hard time conceptualizing this liquidity stuff let's just say you have a huge rock a massive rock it's very hard to push it right but if you can make sure that this rock for a limited period of time is very very small just like a very small rock it's very easy to push that smaller rocks so the more liquidity and the more the bigger the rock the harder to move the market but the smaller the liquidity in the lower liquidity, the easier it is to manipulate and that's why the Bitcoin is easy to manipulate when you compare to gold or bigger stocks because there is it's a small rock it's easier to push it's easier to move so if you do want to manipulate Bitcoin then you can do it it's it's possible if you have if you have money. It is possible anyway and if you take the biggest 2 biggest exchanges away it is even easier. 

Let's take it as it is manipulation maybe, maybe a coincidence there was something to it. But if we take that all together and we just take the dumped here objectively as it is here, what are the next price target is this dump already over because we have a lot of bearish sentiment over already and the price is probably just going to pump up again or is there more downside here.

So first of all we can see right here in the chart now you can see at that the lowest low we have now this low is lower than the previous one. So we are entering into a downtrend and also the high as we can see here is lower than the previous one.

So in the short term we are entering into a technical down from here and we are in the 1 hour chart.

And the interesting part is if we go to the 4-hour lead, there is a gap down at $8500 as represented by this yellow horizontal line and you guys know the deal. I know that some people don't believe in the gaps but I actually do believe that the gaps should get some credibility because we we have seen the gaps filled with the very high accuracy previously. But no matter what you can do what you want with this information there is a gap.

However even though we've be going up for the past 2 weeks this is the only bear sign that I've been able to find or he only big bears sign for the bigger time frame and I think that now that we have broken down I think that we should take a look at this level pay attention to it there is actually a gap all the way down at $7700. 

However it's already  filled on the spot exchanges but not all. Also the recent days the people have been more bullish do you think we might reach the $8500 or we just a back back back up again so let us know in the comments section below. Do you think we will reach $8000 tell us innthe comment section below!

Thank you so much for watching agree with each other very soon in the next one up and I'm crypto probably already today or tomorrow and that's always guys as always. Bye bye.