Hey guys,
HitBTC really don’t have a good reputation when it comes to the cryptocurrency trading community. Just put their name into a Google or Steemit search and you can find result after result bagging their trust, service and worst of all, their reputation.
Now it was just the other day that I blogged about STEEM withdrawals being suspended by HitBTC. It’s like STEEM and Steem Backed Dollars have just been forgotten.
Big exchange? Yeah, my arse.
Now with SBD pulling back into higher time frame support, look at what has happened to price across the various exchanges:
Does anything there look out of place?
Maybe the $18.55 SBD price on HitBTC??
But before the content creators on Steemit rejoice and transfer all their SBD to HitBTC in order to dump it for huge profits, just remember that as I’ve been trying to question them about, STEEM and SBD deposits and withdrawals are still suspended:
You can see that I actually have 30 STEEM trapped in my own HitBTC account, but hilariously the price of actual STEEM here is trading lower than its real price.
Ironic, isn’t it...
The theory here is that because SBD deposits and withdrawals have been suspended on HitBTC for so long and the coin is such an unusual one to have there, the numbers trapped would be so small. This essentially will give anyone holding there free reign to manipulate price as they please.
Anyway, this is the real price of SBD from Bittrex:
SBD/USD Daily (Bittrex)
The entire crypto market has dumped today, but the price of SBD still remains within higher time frame support.
Find your levels and trade your levels.+
+ On exchanges that will let you, not shit ones like HitBTC.
| Steemit Blog
Market Analyst and Forex Broker.
Twitter: @forexbrokr
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