BTC buyers wall around 2600-2700,
below that basically no buyer wall at all.

i think BTC gonna crash d.
then ppl gonna sell ETH to buy BTC

Bitfinex touched $2570 at the low. POLO $2520.
these 2 are the margin trade exchange

thick buy wall for those 2 around $2400.

from the looks of it still can drop lower cuz the buyer is not strong.

the main reason for Bitcoin is illicit money transfer (capital control), illegal business & failing currency, and investment
illicit outflow for China alone tops USD 100Bil annually and they (PRC) are out of options to invest in stocks, commodities as well as properties. trading volume in the world mainly comes from 3 exchanges in USD but, a few more asian exchanges is catching up in volume as well.

tight capital control countries
1. china (tight outflow)
2. Korea
3. India


see this site for currency flow involving BTC
http://fiatleak.com/


illegal business on that side there are plenty of usage especially on silk road (drugs), online scams (demn nigerian scammer), credit card scams all use Bitcoin.

so the demand for bitcoin is already there. it's used to bypass cross country payment system as well as avoid identity detection

This post has been edited by AllnGap: Jun 12 2017, 10:03 PM

ETH going to be dumped at 400-420
20,000 units ETH ready to be dumped there.

This post has been edited by AllnGap: Jun 13 2017, 08:33 AM

GDAX. wall gotta see the magnitude of the sentiment.
right now sell side almost 3x buyer. so it's bearish.

buyer side scattered. but seller wall is very strong.

before it broke upward 300 saw 3x buyer Vs 1x seller
now it is opposite.


if i were you i will sell some now, then ready buy back around 350 or 300 there.
dunt forget this was less than 300 2 days ago.
so those whalers is already 33% in profit from 300 to 400

This post has been edited by AllnGap: Jun 13 2017, 08:55 AM

yes walls can can come and go.
so i look at the sentiment.

whole buy side is around 2k+ lots per $10 distribution.
all the way down to $300 there are no whalers seen.

but there are accumulated 20k lots sell around $400-$420
so whalers are capping this thing at the moment.

but all of this can change as high impact news coming in.

ETH
sell wall 400-420

buy wall around 350

actually i have done my research on BTC and ETH only. other than that i wont touch because it's like buying lottery. actually it's like 4D number cuz there are 700+ coins out there
i believe we are in a super bubble phase like 2001 tech stocks bubble where everyone who can ICO is guaranteed to become a super millionaire.

the 2001 tech stock bubble also same, whatever that can be IPO, investor will buy, pump it upward 20% then leave it to rot. plenty of investor dunno what shit they bought also

funny a lot of coins out there got no practical usage yet it's being pumped and dumped all the way.
when everybody buys because they gonna get rich (no apparent reason), thats when something will pop.

This post has been edited by AllnGap: Jun 13 2017, 09:36 PM

the golden rule of a bull run.
enjoy the free money, know when to retreat and cash out.

i will only stick to those which is open to the chinese market, backed by corporations, and can government bypass capital control, anonymity
the rest is just for the LOL.

just like DogeCoin. WTH u want that for ??

usually for any asset class. if there's a crisis, ppl will chop their profitable position to fund their emergency usage.
so if economy crisis ppl will dump their coins for cash also wan.
u can't hold if you're losing your house.

I think until mainstream media everyday report crypto currency then the bubble will be almost burst d. right now not yet. this year only exponential move start to come.
plus margin trade exchanges all start to explode in volume.

all the crazy swings upward and downward is funded by margin ya.

wow u are part of the dogecoin mania. LOL

so u already answered it yourself.

BTC wont die wan, simply because the quantity is limited. Asians are simply very strong hoarders too. i went to ask around those with a lot of BTC, they wont even wanna sell some these few days.
it's those CC created dunno for what LOL reasons will. simply there are no practical usage of it. purely speculation or pump and dump

the only way to make money is to buy low and sell high.
and to stomach that buying low is against human nature, thats why small percentage of ppl can become trader or most of the ppl only buy when it's going up, next thing to know it dropped like a hammer so they make -20% loss on their first purchases.
when it's going up, ppl are greedy and impulsive, when it's dropping, ppl are fearful that it might drop more.

i can definitely answer you that most of the volatile moves are from margin trades from exchanges. those 3 with margin trades borrowing limits spike a few hundred millions USD before prices move.

if one day u see daily transaction volume drop tremendously. or one fine day US regulators decided to close down those margin exchanges. things are going to get very boring
whalers not interested to even move it, then u know you should look elsewhere.

This post has been edited by AllnGap: Jun 14 2017, 07:25 AM

when's the date ?
another fork ya ???

USDT is for the exchange to manipulate when there's an arbitrage between exchanges for BITCOIN

it's used by Bitfinex and POLO


lets say COINBASE BTC is 2700, POLO BTC is 2600, so u might want to buy the POLO price, but at that time USDT price will be adjusted higher.

normal rate USD 1 = 1Teter
when the prices are torn between 2 exchanges, USD1.03 = 1Tether. (lets say BTC POLO cheaper by 3%, then the rate becomes USD1.03 = 1Tether)

effectively the USDT is adjusted to make POLO price same as buying at COINBASE

https://coinmarketcap.com/assets/tether/
the day when BTC drop i saw 1.01 fluctuate to 1.05

This post has been edited by AllnGap: Jun 14 2017, 08:35 PM

trigger that sell order above lo....

should be safe because only those 2 exchanges uses USDT. POLO & BITFINEX.

also need to look at other things wan.
it can hang there for a while, then suddenly all the buy bids disappear then the whole thing will waterfall.

ok, will watch out

just remember when u see super low price at POLO/BITFINEX, u gotta use USDT to purchase
and that USDT ratio they jack up.
so you dont buy lower than other exchanges actually.

thats the bomoh magic with USDT

there are many many things to observe wan
i can charge ppl RM 3k for these kinds of class wan.
u wanna come ?? already told above 380 buyer too weak liao. just the matter of time it will drop

did u clear ur ETH at 391 ??

adoi....speechless......told u to cut liao dunt want to listen.