看多

Bitcoin Bottom

已更新

Hi All!

Entry: $3590
Target: $4100

The level of FUD has reached climax point. JPMorgan firing employees for trading Bitcoin, Korean hackers targeting Bitcoin, China issuing 5 bans, their own coin and restrictions on amount you can own in China. The list is insane for just 1 week timeline. If you don't buy now, you don't like buying the bottoms.

FA:

1/ BTCChina to stop trading service in Sept 30th. - note that btcchina previously listed ico-coin, a token specifically used to raise funds in ICO projects, issued by co-founder Yang
OKCoin and Huobi P/R said they have not received notice from regulators and are operating normally (they are friends of PBOC, unlike BTCC).
It is time to remind ourselves w "Cherry on top? :) :okay: :rocket:" Last time 80m Tether was granted, we went from $1800 to $5000. A week ago, another 70m Tether has been Granted.

Price action:

China futures reached the S/R line of 3k on insane V I X and Vol.
Tomorrow, on 15/9, new quarterlies begin in China.
BitMEX All Time High liquidations which got bought within 60 seconds after appearing:
1/ Liquidated long on XBTUSD: Sell 3,057,636 @ 3605.6 ~ BEYOND GODLIKE
2/ Liquidated long on XBTUSD: Sell 2,244,848 @ 3561.2 ~ GODLIKE
3/ Liquidated long on XBTUSD: Sell 1,123,225 @ 3548.8 ~ GODLIKE
Bitfinex is leading the price and is #1 among all exchanges, with huge buy walls propping it up. It used to be below Stamp & GDAX.

I am not selling until I see 5M contracts on Bitmex get sold haha.

Happy trading! ;)

PM for becoming Goblin.

交易進行

交易結束：達到停損點

New FUD released from PBOC today:

Google translation from twitter.com/BitcoinWeibo "BTCChina Bitcoin: Thank you for your concern and support, Bit Coin China Ponds (Guocai) is currently operating normally. There is news we will announce the first time to ensure the safety of customers to maintain the assets.

Sina Finance: [wearing a gown but drink in the counter outside the coin is about dead] Bitcoin drink half a bowl of wine, red face gradually restored the original, others will ask: "Bit coins, you really is a formal finance Product? "Bitcoin looked at the person who asked him, showing disdainful look. They went on to say, "how is the monitor always staring at you?" Bit currency immediately decadent, his face on a layer of gray ... h ...

Fast lance 24 hours of financial live: real-time broadcast: [two big coin exchange and then announced: will stop all virtual currency trading business] 16 noon, virtual currency exchange coin, OKCoin currency line on the " The announcement of the trading business "has been revised to indicate that its next plan is to stop all transactions on the virtual currency. 15 days, two trading platforms in the announcement ...

Sina Finance: [two big coin exchange and then announced: will stop all virtual currency trading business] 16th afternoon, the virtual currency exchange coins, OKCoin line on the previous "on the stop of the renminbi trading business announcement" made Revised, said its next step is to stop all trading business about virtual currency. Previously, the two trading platforms in the announcement that "only to stop the RMB trading business ..."

As it sounds, the exchanges might have to close sooner. What matters is, PBOC is not friends with OKCoin and Huobi anymore. They are apparently the business in China. We exit our Long positions here at $3650 with mild profits.

I am afraid the smart money has sold and we might see very different case for crypto than last year, with 2017 having a Bull summer and Bear autumn.

交易結束：目標達成

Target Reached perfectly, spot on.

With little bumps along the road, thanks PBOC & Jamie Dixon.