"Operation Crypto Crush" - A Forensic Analysis of the 2017/2018 Crypto Market Rigging Operation
The following is an analysis of the Planned Crypto take down by the official controllers of our monetary system. These controllers are comprised of individuals and institutions from both the Good Guys and the Bad Guys but I will not differentiate between the two or their motives. Having said that, I will predict that any further "final price take downs of cryptos" will NOT take place due to the necessity of continued crypto growth for The Transition.
OUTLINE:
Part 1: Setting Up the Artificial Bubble
Mid Nov, 2017 = $6,000
*Announcement of the Bitcoin COMEX Contract which was touted as opening up Bitcoin to the "Big Money" and "Institutional Investors"
* Huge, out sized, rise in Bitcoin from $6,000 to $20,000 as manipulators drove the price up and loaded up on cryptos to dump once the decision was made to "pop the bubble"
December 17, 2017 = $20,000 was the predetermined value to hit before the bubble would be purposefully popped.
1 mo. rise of 325%
* Colluding with the COMEX to introduce a non-backed Bitcoin Derivative Contract * Promote the meme Institutional money to flow into cryptos- * Enlist CNBC to promote crypto currencies on the mainstream media. Roger Ver appears on Dec 20th.
Part 2: Stopping the Runaway Bubble
*Mt. Gox Trustee orchestrates staggered sales to depress price:
December 18, 2017 *2,000 Bitcoins sold to cap price move at $20,000.
December 22, 2017 *6,000 Bitcoins sold to break 2 day price stabilization at $17,000
January 17, 2018 *8,000 Bitcoins sold after testing $12,000 support 2x over a month
January 31, 2018 *6,000 Bitcoins sold after $10,000 support over 2 weeks
February 5, 2018 *18,000 Bitcoins (45%) dumped destroying final $8,000 support to sub $6k
Part 3: Popping the Artificial Bubble
* Mt. Gox Trustee refused to sell 100% of creditors money due to continued potential manipulation * Trustee specifically stated that sales are not over and the court must decide to sell all BTC in possession. Trustee had to issue second explanatory letter explaining methodology to sales
February 2, 2018 Bank of America, Citigroup, Capital one and JP Morgan announce they will refuse to allow crypto currency purchases with credit cards.
January 30 - Facebook bans crypto currency related advertising
March 16 - Google/Youtube bans crypto currency related advertising
March 26 - Twitter bans crypto currency related advertising
Tons of Sovereign Government F.U.D. to keep cryptos down through the first quarter
April 2, 2018 - SEC's 1st charges in ICO Securities Fraud against Centra Tech for executing an fraudulent ICO and deemed it an unregistered investment. The SEC arrested the 2 co-founders on fraud charges.
2018 push by IRS to enforce taxes on crypto currencies without any specific laws or guidance. Assure selling pressure near tax day. ALSO, the days around tax day are the days that ALL SMALL PLAYERS have the lowest liquidity ever as they have to pay taxes!
That's a perfect time to END the "Operation Crypto Crush" and move on to normal market controls without an agenda to inflict harm...just keep it all under control.
Part 4: The Final Act: Artificial Capitulation...Will it happen?
I DON'T THINK SO THIS TIME...but if you HODL then you don't care!
Overall, Bitcoin is up around 20% from the beginning of the operation in mid-November. If the 325% rise never happened everyone in the crypto space would have been very happy with a 20% return in a matter of a few months. What the operation accomplished was that many crypto weak hands were scared out of their position and will not get back in until the prices are once again turning bubbly. Hopefully, they will learn to HODL by then and let the newbies sell off only to learn their lesson in the same "hard way."
Bix Weir
www.RoadtoRoota.com
