Bitcoin has just broken 2 weekly lower highs in all Tether demonitated exchanges. The break is very likely caused by the fundemantels of Bitfinex, not allowing for fiat deposits, but much more important in my eyes, for no normal or decent communication with customers, fueling the FUD massively.
This video will be a harsh critic of Bitfinex' policies over the past year, compared to other exchanges.
It's very sad, but is not possible to do technical analysis under these circumstances, we have to wait for the situation to get more clear.
Give it a thumbs-up, so that other people on the platform also get warned.
Make also sure to follow me so you get notified on my Crypto Analyses! I wish you a good trading! :) No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
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Kraken just hit USDT/USD 0,999 => Let's see if it stays in that range.
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Still 300 Dollar Premium there. Nice EQ on Bitfinex right now:
@ekblr, Crazy. To your question from earlier: Yes, this is pure panic, probably caused by some whales, who went into crypto go get their funds out of Bitfinex/Binance. Once they make big orders, the algo-bots keep shifting into all other Alts, pumping all prices simultaneously. => This is no normal depiction of the real supply & demand on the market, therefore we cannot due technical analysis right now, we have to wait for the situation to calm down, in order to determine, what the real market price is gonna.
Thx for your continued support with likes buddy, it definitely helps he the videos rank higher.