Tether scam, bitfinex lack of banking and NYA falling apart...
Updated
Entry price: 4414-4484 range.
Always short bitcoin carefully. But there is only one way to go: DOWN.
Get some info about this issues here:
medium.com/@bitfinexed/why-wont-bitfinex-tether-publish-already-existing-audit-reports-as-they-promise-future-bitfinex-51d26d14d226
medium.com/@bitfinexed/are-fraudulent-tethers-being-used-for-margin-lending-on-bitfinex-5de9dd80f330
hackernoon.com/the-curious-tale-of-tethers-6b0031eead87
youtube.com/watch?v=Ud4V__nADA0
coindesk.com/f2pool-reneges-mining-pool-pulls-segwit2x-support-hard-fork/
Technichally we have bear divergences in both daily macd and rsi. We have a broken trendline, a daily macd bearish crossover and a stochrsi daily bearish crossover.
Moreover we have a bullish exhuberance reaching an end after a crazy 820% increase in 12 months and a 2050% increase in price in 24 months.
The community inside problems (Bitcoin cash, Bitcoin Core and Bitcoin Segwit x2), the potential of "fake" money being used to pump crypto's and the inability to reach new fools to poor more money into the market should lead to a price decrease over the next few weeks/months.
Always short bitcoin carefully. But there is only one way to go: DOWN.
Get some info about this issues here:
medium.com/@bitfinexed/why-wont-bitfinex-tether-publish-already-existing-audit-reports-as-they-promise-future-bitfinex-51d26d14d226
medium.com/@bitfinexed/are-fraudulent-tethers-being-used-for-margin-lending-on-bitfinex-5de9dd80f330
hackernoon.com/the-curious-tale-of-tethers-6b0031eead87
youtube.com/watch?v=Ud4V__nADA0
coindesk.com/f2pool-reneges-mining-pool-pulls-segwit2x-support-hard-fork/
Technichally we have bear divergences in both daily macd and rsi. We have a broken trendline, a daily macd bearish crossover and a stochrsi daily bearish crossover.
Moreover we have a bullish exhuberance reaching an end after a crazy 820% increase in 12 months and a 2050% increase in price in 24 months.
The community inside problems (Bitcoin cash, Bitcoin Core and Bitcoin Segwit x2), the potential of "fake" money being used to pump crypto's and the inability to reach new fools to poor more money into the market should lead to a price decrease over the next few weeks/months.
Comment
RSI bearish divergence
StochRSI bearish crossover
MACD allows a violent and long bear market
Comment
Comment
Breaking meaningful support now.Closing daily below 3940 would be bearish and point down to the 3-3.3k area
Fundamentally, the bad "news" that could help our short.
Bitkan, the largest chinese OTC trading platform is closing doors due to new regulations.
Yunbi, once the biggest exchange by volume, is closing doors too in 3 months due to regulations.
JPMorgan CEO says bitcoin is a scam
Bitfury also drops out of NYA, F2Pool already did it. That's about 12.5% of the hashrate of bitcoin.
Comment
It could either bounce here or around 2.9-3k
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