Admit guilty, take the plea deal, get a couple of years of probation and enjoy his money. No defence lawyer is going to say no to that.

The chargers are against him and not Binance. BTC has retraced half the losses due to the news and back to yesterday's low. Lets see what the US session has in store.

5x since mid Oct. More than 10x since 2nd Jan's opening price.

Green or red it does not matter much as we can trade both ways with CFDs.

It's called buy the rumour, sell the news.

CPI and FOMC tonight and early tomorrow morning. CPI still high, chances for rate cuts ever shrinking. Everyone and anyone trading today is just waiting for these results to set the tone for the next 3 months until September.

CPI was lower than expected. BTC up almost 3 percent but that was short lived as FOMC report says that it will take longer to get rate cuts. Down goes BTC. Nobody expects a cut in July since it's summer holidays so all eyes will be on the Sept rate decision.

The current market sentiment for anything is sell first and ask questions later. That should answer your question on whether to buy now or later.

1. Not knee jerk because the next opportunity for them to reduce the rates is Sept 18. Everyone knows they won't reduce rates in their summer July meetings and they have left things a little late now that might end up with a hard landing in Sept instead of a soft one. Now instead of a chance of 25 basis points has gone up to 50 basis points.

2. Employment rate has been the worse since Feb 2021. So it is bad. Not sure how you see it as not bad. It's not that it missed estimates, it's also lowest since Feb 2021.

All these together with the double whammy of Japanese Rate hike (which started early due to a leak) and more unrest in middle east (next 24 hours to watch if any of their intel is true) just makes the ideal conditions for everything red.

No, the market is reacting to what didn't happen in July and there is going to be a lot more suffering they have to sit through 2 months of potentially bad data before the Fed can react in Sept.

The NFP is still the most important data so no, it's never a debatable stat when it comes to the market. They are not interested in how many people are employed. They are more interested in the health of companies providing employment which affects the market sentiment.

USD50K.. last level of support boys.....

... and just like to add.. Japanese YEN to the moon...

This post has been edited by sleepwalker: Aug 5 2024, 02:24 PM

LUNO Malaysia is a local exchange and you trade according to the amount that buyers and sellers that are willing to sell in the exchange. It is not based on USD to MYR exchange rates for BTC therefore there is NOTHING for Luno to fix. Since LUNO Malaysia's exchange can only be traded by Malaysians it has much smaller liquidity. Usually arbitrage traders (people who buy cheap in smaller exchanges and sell higher in large exchanges) will come in and eventually equalise the pricing. We have covered this many times in this topic.

No that is where you don't understand. You don't trade with LUNO. You trade with the person who puts up the buy/sell orders in the exchange. Look at the order books and that is the price people are willing to buy/sell. Just like when you trade stock market at KLSE. You don't trade with your broker but you trade at the price that that people are willing to buy/sell. The same applies to LUNO as you are trading in an exchange. You are not doing spot/leverage trading with the broker. Understand that.

This post has been edited by sleepwalker: Nov 22 2024, 02:20 PM

You still don't understand. You are not buying from LUNO. That is why there is a difference between SPOT price and Exchange prices. Every time you BUY bitcoin you are not buying from LUNO. You are buying from another Malaysian selling the bitcoin at the price you are buying. Open your LUNO and look at the Orderbook. The RED colour are the price people are WILLING to sell. The GREEN colour are the PRICE people willing to BUY. That is why each time you sell you can either sell that the highest BUY Price (Green) or put up for sale at a HIGHER RED price and wait for willing buyer to buy at a higher price.

Every sale done in LUNO is between YOU and another SELLER/BUYER and not LUNO. Understand this.

That is not the meaning of insider trading.

Japan exited their negative interest rates in March 2024 and raise rates to 0.25% in July. They did not do a U turn and tomorrow's forecasted increase is not a first time in a decade. The first time was last year.

Anyone who can do a paltry 50% win rate with a risk management of 2:1 risk reward ratio is already laughing to the bank.

Pros don't predict high and lows. They trade with the trend. In fact every post that you made about missing the boat was actually creating the High and Low of the consolidation period for the last 2 months. You should be trading between those numbers that you keep missing out. That's how people trade a consolidated pattern while waiting for a breakout that has not happened since 2 months ago. For now Bitcoin has not moved out of a consolidated channel for 2 months.

.....and oddly enough a lot of people don't see consolidation as a trend. They only see up and down as a trend but consolidation happens for longer periods than any breakout trends. Consolidation can be just as tradable and sometimes even more profitable.

You trade between the consolidated support and resistance line while waiting for a breakout. Take bitcoin for example while breakout traders have been waiting for 2 months, consolidation traders have been trading between the lines for the 2 months. So you tell me who's been making money while others are missing trade opportunities.