Wow! Mt.Gox trustee causing BTC crashes??
https://captainaltcoin.com/now-we-know-who-sold-the-bottom-at-6k-and-tried-to-crash-bitcoin/
Seems like the Mt.Gox trustee is selling hundreds of millions of USD at once every now and then... instead of doing it bit by bit according to this article...
The bad thing is he has 180,000 BTC left, so he can suppress the market quite a bit. Or cause another 20 crashes more if he sells 5000 BTC at a time...
The good thing is... once the 180,000 BTC have been absorbed, BTC should rise a lot...
Hopefully he sells the 180,000 coins at once... then everybody can jump in at very low prices and make a fortune in a few days...
@mexbit sir....
The Bitcoin Elliott Wave forecast suggests that the bearish patterns are dominating so long as Bitcoin prices remain below $14,000.
Bitcoin Elliott Wave Analysis Talking Points:
Bitcoin prices have been contained inside a downward sloping price channel
Recovery from January 17 to January 20 takes the shape of a corrective zigzag pattern...
Pressure remains to the downside so long as prices remain below the upper channel line
Bitcoin prices are falling within a downward price channel. It is possible this downward wave since December 17 is a bearish zigzag and the first wave of a larger correction or perhaps the beginning of a larger bearish impulse. As I contemplate the potential for bullish patterns, the models return results that are temporary and short lived. As a result, this cryptocurrency is operating in a sell the rally environment until we see a bullish motive wave develop.
BITCOIN PRICE CHARTS OFFER CORRECTIVE RALLIES..
The Bitcoin price rally that began on January 17 appears to be a three-wave rally. According to the Elliott Wave principle, three wave moves are corrective and tend to be completely retraced. Therefore, the January 17 – 20 rally raises the probability that Bitcoin prices may continue to be pressured to the downside.
Though the January 17-20 trend appears to be a corrective rally, Bitcoin prices can continue to increase to extend the correction in price and time....
Thanks sir...
its because of Binance hack i guess
Thanks for the information, your update is always useful l ,I always follow your post and update sir.@resteem
Great post! Well substantiated information
upvoted and resteem ..done
really a good work for your prediction on stock market with your post. I am not a trader but hope your opinions and prediction help traders.
Abosolutely helpful post for us..
This is a crypto update news..
I appreciate your post sir..
y i follow our every post .
outstanding news for us...daily updated
good analysis...
keep on cryptocurrency... Resteem
thanks for updating us :)
Added to my follow list. Keep up the good work and what do you think of the current market?
BTC prices are sky-high because BTC markets are bordering on being illiquid. Well, that's reassuring! I'm sure that's not going to throw a wrench in anyone's plans for attracting more investment through BTC-based financial instruments.
Where are all those "XRP has 100 billion coins" trolls now? As it turns out, high liquidity and predictable controlled supply do actually matter.
If I thought that xrp would prevail before, now I am certain that xrp will mop the floor with all the others. HODL.