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Bitcoin: One More Alarmsignal About China

已更新

On January 4/5 China took serious action to stop or control capital outflow via Bitcoin.

If you look at the chart you can see the sharp drop within a few trading days only early in January 2017.

But China is unable to keep control of capial outflows as everybody can see today, obviously. The BTC is back above 1.120 USD. Expect another steps from Chinese authoryties to bring down Bitcoin again. Otherwise take it as a serious alarm signal about China, if ever BTC is rising again fast. No matter what - long or medium term this is a major risk for global stockmarkets.

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China try to stop capital outflows by January 4/5 by BTCUSD and caused a serious drop of more than 40%. As we see today it doesn´t changed anything.

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China´s ‘Incredibly Aggressive’ Steps To Defend the Yuan

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China Might Be Forced To Devaluate The Yuan Unexpectedly

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Comment: FEB 22 2017 Quote: Treasury Sell-Off Is a China Syndrome

And China has been funneling billions of dollars into its economy to keep it chugging along despite an increasing number of cracks in its credit system and to prevent its currency from depreciating too quickly. Despite all its efforts to prevent money from leaving the nation, capital outflows are continuing.
On the Outs
China's monthly capital outflows have been growing
Source: bloomberg.com/gadfly/articles/2017-02-13/trump-may-be-unnerving-but-it-s-china-moving-treasuries

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FEB 23 2017: USDBTC right now was up 5 % or almost 60 USD breaking above the former high before China´s intervention at January 4th and 5th 2017. invst.ly/3bxy4

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FEB 23 2017: BTCUSD - this new print is showing the huge momentum in the last minutes: invst.ly/3bxzl

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MAR 1 2017: BTCUSD close today above 1.200 (1.225 +2,83%)

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MAR 01 2017: Bitcoin and USDCNH sending next alarm signal. Any US rate hike could trigger a further divaluation of Chinas Currency.

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MAR 02 2017: Looming Fed rat hike adds pressure to China. As in the month before BTCUSD is rising. China is probably not the only reason for this exponential unmove. BTCUSD almost 1.300 USD now.

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MAR 03 2017 Fed's Yellen: March rate hike 'appropriate' if data holds up
Economy9 minutes ago (Mar 03, 2017 01:20PM ET)
investing.com/news/economy-news/fed's-yellen:-march-rate-hike-'appropriate'-if-data-holds-up-463713

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MAR 03 2017, 1.297 USD: China is one reason, but not the only one. On going talks about the BTC ETF is pushing BTCUSD higher adding to Chinas capital outflows.

Quote: Bitcoin hits all-time high as talk of US ETF approval intensifies

Digital currency bitcoin hit a record high on Friday on optimism about the approval of the first U.S. bitcoin exchange-traded fund by the Securities and Exchange Commission. "There's one catalyst at the moment and that is the expectation that the Winklevoss Trust will be approved on the 11th of March. That's the only game in town," said Daniel Masters, portfolio manager of Jersey-based Global Advisors Bitcoin Investment Program. Source: cnbc.com/2017/03/03/bitcoin-hits-all-time-high-as-talk-of-us-etf-approval-intensifies.html

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CHINA: Growth Target cut to 6,5%
money.cnn.com/2017/03/04/news/economy/china-gdp-growth-target/index.html

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CHINA: Growth Target cut to 6,5%
theguardian.com/business/2017/feb/22/greek-debt-eu-imf-angela-merkel-christine-lagarde-austerity

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CHINA: Growth Target cut to 6,5%
cnbc.com/2017/03/04/china-sets-2017-economic-growth-target.html

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MAR 16 2017: PBOC raises short-term rates third times in three month.

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Comment: APR 04 2017 - Qoute: Keep Your Eye On U.S.-China Summit
Source: m.investing.com/analysis/keep-your-eye-on-u.s.-china-summit-200181292

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China finance minister skips summit with Japan, Korea to attend emergency meeting
investing.com/news/economy-news/japan,-china,-south-korea-pledge-to-resist-protectionism-480405

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As China's battle with leverage begins to bite, risk bites back
investing.com/news/economy-news/as-china's-battle-with-leverage-begins-to-bite,-risk-bites-back-481427

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Beijing's crackdown on risky debt is throwing Chinese investors for a loop
cnbc.com/2017/05/08/china-beijing-crackdown-on-debt-spooks-investors.html

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China has now become the biggest fear for markets
cnbc.com/2017/05/08/china-has-now-become-the-biggest-fear-for-markets.html

交易結束：目標達成

Trade closed. Sold. Net gain of 1.045 USD each BTC. Todays 10% spike might be a sign that this trend could had a break or might loose momentum. If ever a 10% day occurs at the end of a long trade, even up or down, might indicate that this trend might end. BTC is not a special market as most traders know. BTC can go anywhere from 10.000 to Zero.

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BTC up parabolic in the following 72 Hours to 2.700. Up to 86% of trades are buying BTC, short is 16%-18%.