I think we will see a lot of liquidations tomorrow on Bitfinex because of the downtime and the closing of the symmetrical triangle.
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Went long on breakout. Had a stop-buy just above the resistance. Also closed my trade almost directly after. Nice profit, don't get greedy. Really don't trust it with bitfinex going offline tomorrow...
Short-term bullish on BTC - $4500 crucial to break & positive regulations in https://Japan.https://www.tradingview.com/chart/BTCUSD/0awCW8ng-BTC-short-term-bullish-positive-regulations-in-Japan/
Plan2B
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Finex is usually the exchange that drives the price up. When Finex was offline for 30 to 45 minutes on 3 January, the price dropped by $100 (2.5%). The maintenance on monday will take 3 to 7 hours. Bitmex bears just waiting for it. It could be that they are pushing the price hard down to liquidate all overleveraged positions as soon as Finex goes online again.
BitMango
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@Plan2B, Price is looking bearish.. Whatever price move is going to happen, it has to favourable to bitfinex, or they would have delayed the work. Against this thought - bitfinex is ranked 12th by volume on coinmarket. It's hardly in control of the market at this point.
@Plan2B, incorrect. The price on Bitfinex fell BEFORE they went offline (witnessed it live). My guess is, they went offline BECAUSE of the drop, maybe someone tried something fishy and they took precautions.
Je_Buurman
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see
CrypTorre
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@Plan2B, My guess too. We're going one way before they go offline. And then 2 times faster the other way when it's online again. I'll have my stop-loss really tight here!