the number of short positions has decreased , it's interesting
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the bullish divergence
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just compare the angles of falls , it looks like a acceleration the closure of the day candle is very important , cuz the closure below the key level of 6000 will means the confirmation of the reversal formation
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Chicago Mercantile Exchange and Chicago Board Options Exchange are insignificant when it comes to BTC and crypto I'm afraid.
Who are the biggest miners? Chinese!
The biggest exchanges? Chinese!
The biggest holders and traders of BTC? The Chinese!
BTC and crypto is one space where the US does not rule I'm afraid. You need to stop thinking like a U.S trader and more like a Chinese trader.
You have been wrong and continue to be wrong because of your U.S bullish biased. Anyone listening to your calls would be REKT by now.
We might ge a tick to $6,200 but then down we go again or we just rip down from where we are now.
I've said it before, once we close any candle longer than 1 hour under 6K we will rip through the 5,000 ranges like it doesn't exist. You will see panic selling like never before. I do hope we find some support in the 4K ranges but even that might be temporary (I hope not thought).
Everyone calling 6K was the bottom for 2018 has egg on their faces now. There is no interest in BTC or crypto by the market in general now. Those who purchased into the hype with new money early this year bot burnt and will never be back. So you have no more dummies ot push the price up anymore. Only ones to push the price up might be new institutional investors. But they are smart money and will be waiting for entries in the 1K-3K ranges not a cent more.
Bitfinex is on the run and under pressure. Executives are leaving the sinking ship. So don't expect a Tether pump from them anytime soon.
It will rebound soon, but it may just rebound. The maturity date of CME is 6/29. We must be careful!
Bombita
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@nick9404051, maybe
i8myapl
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I just dont get it. Mt. Gox apparently is not going to do another massive BTC dump, ETH and BTC are not securities according to SEC, UK launches BTC and LTC futures trading... and we're still goign down. What am I missing? :(
Bombita
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@i8myapl, for the growth need a lot of money , smart money , but now this looks like a bear market , who will buy the bear market? just open a short position and wait a new bullish wave dude
Who are the biggest miners? Chinese!
The biggest exchanges? Chinese!
The biggest holders and traders of BTC? The Chinese!
BTC and crypto is one space where the US does not rule I'm afraid. You need to stop thinking like a U.S trader and more like a Chinese trader.
You have been wrong and continue to be wrong because of your U.S bullish biased. Anyone listening to your calls would be REKT by now.
We might ge a tick to $6,200 but then down we go again or we just rip down from where we are now.
I've said it before, once we close any candle longer than 1 hour under 6K we will rip through the 5,000 ranges like it doesn't exist. You will see panic selling like never before. I do hope we find some support in the 4K ranges but even that might be temporary (I hope not thought).
Everyone calling 6K was the bottom for 2018 has egg on their faces now. There is no interest in BTC or crypto by the market in general now. Those who purchased into the hype with new money early this year bot burnt and will never be back. So you have no more dummies ot push the price up anymore. Only ones to push the price up might be new institutional investors. But they are smart money and will be waiting for entries in the 1K-3K ranges not a cent more.
Bitfinex is on the run and under pressure. Executives are leaving the sinking ship. So don't expect a Tether pump from them anytime soon.