raymond:
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Something fishy is going on right now.
Expect some price manipulation in either direction this month or next.
100 million tether printed, $100M worth of Bitcoin moved to 3 exchanges at the same time.....what is going on??? Could this lead to a dump or a pump? Nobody knows for now.
My advice is stay out of the market for now.......but keep a close watch on the market. The outcome of this event may open up a huge opportunity between this month and next month IMO.
My thoughts on the article.....
Only 250 BTC was sent to BITMEX, while a huge chunk was sent to binance and bitfinex
Well this may just be a manipulation by the whales to crash price of Bitcoin to a new low of $5k. How????
Very simple..... take a short position with a very high leverage on BITMEX, dump on the market on Bitfinex, the whole market crashes while they make huge money and then buy back at cheap price.
Immediately buy cheap Alts on Binance at cheap prices and wait for price to start mooning by the end of the year. IMO
But unfortunately $100M tether was printed at the same time which leaves me wondering what this guys might be up to. I believe this is just a game of positioning yourself for what is about to happen based on an insider information that has not been made public yet.
On the technical side anyways, I expect Bitcoin's price to start heading below after hitting $7400 hours ago, because of this bearish sign on the chart.
This bearish sign often occur at the tail end of each rally and after hitting the downtrend line resistance in the last six months, and this has often lead to new lows.
So with all this Bitcoin's sent to different exchanges and this bearish sign on BTC chart, we may see a dump that could break the current market structure thus leading to new lows before another rally.