13k is max before pulling back.
set TP to 12.9k

come let's bet RM 100 that it will make a correction at 13k.

dunt buy xrp la.......at 20cents u can buy, sell at 30cents.
xrp no potential of growth anymore

I bet it will make a U-turn at 13k.

I have been right about extremes for many many times.

last one dint hit my 5k order unfortunately as some hedge fund ppl bought up all at 5.5k

i dunt wanna reveal what I use. not guessing.
from 3k onwards my numbers all match to 3% of margin.


btw CME big boys coming in.....u can calm ur tits for a while as they are gonna drop BTC like a fly.....
CME can drop billions of contracts cuz they are settled in cash.
so becareful a lot of TA accuracy is gonna be thrown out of the window once CME opens their "paper bitcoin"

OMG a bit high side at the moment, $7-$8 would be nice.
frankly now nothing is cheap....all bloated

how much u expecting to make from it ??? hehehe

good for traders as increases volatility,

might be bad for BTC cuz bankers hate BTC very much.
they can short for long period of time without needing to close their position.

if u noticed, those 12-15% drops never last for more than 4 days cuz they borrow massive amounts of BTC at high interest to short.

but paper bitcoin doesnt need to borrow at high interest, i wouldnt be surprised to see bitcoin break that exponential back down to $5,000

70tonnes of GOLD contracts dumped (this is 42% of global physical gold volume dumped in minutes).
this is like daily event on CME futures.
all with leverage, cash settled, no need to loan the bitcoin to short.

places like BITMEX, to place such large shorts, they need to first borrow whatever BTC they cound get their hands on that exchange, then only go sell it, later need to buy back.

for CME it's all cash settled, they click sell, immediately sell, close it made how much also in cash.
GG bitcoin bull

if this were to happen, can spike bitcoin back to 5k easily




if real BTC exchanges price tracks CME prices, then a bit of a problem there

This post has been edited by AllnGap: Dec 3 2017, 11:07 PM

they speculate futures price also can affect BTC price.
they could pull off something like a bear market on technical analysis view, then ppl will start dumping n dumping, cuz this market is generally speculators market

I'm already out......waiting for CME boys to come in......
will observe how futures CAME affect normal BTC price.

u could buy BTC on normal exchanges, then short on CME if it drops. then hedge both. that's how it gonna affect BTC market where it's just a number without any BTC backing

u sell back to BTC, convert to fiat still earn wan, cuz BTC rise faster than OMG, so u get back less BTC, but in fiat u still gain

yep, it's in a Delta

A - B - C

BTC rise faster than OMG so on chart looks like OMG is dropping

going holidays soon so dunt care.....

anyway, i suspect another round of FUD around the corner....beware.......

CME will paint a middle finger for us bitcoin traders

u got in early so u dont have to bother that much cuz the pullback might not affect you.

what CME is doing is actually a form of "paper bitcoin"
it's all settled in cash, other futures like BITMEX actually deals with bitcoin, but CME is purely "paper bitcoin"
if normal BTC exchange program their robots to track CME's paper bitcoin price, then bankers can dump very huge position in CME and those bots will try to match CME's price by selling.

thats how real bitcoin will be affected by paper bitcoin
i'm gonna stay aside to see what they are capable of.........see how much they could dump.

lets see BTC buy wall as high as mount Everest can collapse or not

BTC, blockchain and others ultimately challenges the trust towards fiat currency.
u see some of the forummer here already took out their UT and whack into crypto.

so those financial market pool money start to flow into crypto pool, which means less fees for them......


anyway read this news
http://www.zerohedge.com/news/2017-12-03/c...n-undermines-go

bitcoin transaction volume getting higher and higher everyday. LOL

the other factor is this
to go short, bears loan a lot of bitcoin on exchanges, like take up 70-80% of all bitcoin in the exchange.
this caused lending interest to spike, sometimes to the tune of 0.5% to 1% per day.
so they borrowed at high interest, dump then faster close it when it reaches their target levels. those very long red candles down 10-15% never lasts more than 4-5days simply cuz it's super expensive to maintain short position. imagine if they push down 30%, if never close by 30th day their daily interest would eat finish their gains.

with CME with the picture, they dunt have to borrow any bitcoins, they simply click sell and they sell their paper bitcoin d.
so without this running interest cuz it's not dictated by market lending supply/demand, they could sell n leave their position for a long time, as long as their contract is valid(let's say 1month contract).

that's how they could artificially surpress bitcoin prices cuz it's freaking paper bitcoin.

This post has been edited by AllnGap: Dec 4 2017, 11:07 PM

bitcoin per day can swing 13%.
there's no other way of funding cheaper unless u are US citizen.

haiyak that 4% one dip already covered Liao why u hesitate so much

I trade others. 4% very easy to cover la