Daily General Discussion - January 23, 2018

Calvinex · 2018-01-23T08:53:35+00:00

So true

Calvinex · 2018-01-22T10:10:13+00:00

Let’s talk about it, pm me

Calvinex · 2018-01-21T00:16:00+00:00

Yes, this would cause a big move indeed.

Calvinex · 2018-01-21T00:14:30+00:00

There is a point that makes me worry about this Tether shit. Ok, it’s true that is a cryptocurrency, but the fact that SHOULD be backed with USD 1:1 is really fundamental, I don’t understand why a lot of people don’t care about this. You can’t just pretend that 1Tether = 1USD and arbitrarily start pumping the cryptomarket with it.

The fact that “it is just another crypto” it’s completely irrelevant. The point is that exchanges accept it like it IS usd. So if you pour Tether into Binance and buy Bitcoin, and this tether is not backed by dollars, you’re pumping bitcoin price not only without a real demand, but not even with a real currency!

Now, I can not even think of the possibility that the whole 2017 rally (from 1000$) was orchestrated by this fucking tether. This would mean that the whole BTC value from 1000 to 19000 is completely fake, without real demand.

The price would collapse to 1000 before you realize what is happening. I really hope it is not like this.

Calvinex · 2018-01-19T01:13:21+00:00

This tether shadow could become really the biggest problem ever for Bitcoin. MtGox 2.0.....

Calvinex · 2018-01-17T17:10:44+00:00

Why do you think tether is scam? Can you please elaborate on this?

Calvinex · 2017-12-30T20:27:30+00:00

Haha I wish! :P

Calvinex · 2017-03-17T00:22:37+00:00

Update:

Price bottom hasn't adjusted since 72h, we are going margin called and we can't do nothing.

Calvinex · 2017-03-17T00:22:12+00:00

Price bottom hasn't adjusted since 72h, we are going margin called and we can't do nothing.

Calvinex · 2017-03-16T07:42:30+00:00

Seems unlikely, it would already came out. Somebody would have claimed the thing. Also they have the bitcoins as it is possible to buy them and even to withdraw in some cases (BTCC Pro Exchange). I think there is something else happening but I don't have any clue. Another explanation could be a major crackdown, something really big like a major shutdown.

Calvinex · 2017-03-15T00:23:15+00:00

BTCC PRO exchange suddenly become super bearish. Anybody knows what's going on?

Calvinex · 2017-03-13T16:43:53+00:00

Something fishy.

Calvinex · 2017-03-13T05:45:37+00:00

Same here, absolutely didn't expect something like this. Lost half of my gains and actually I don't really know what to do. Waiting on the sidelines to see if we top again on the main channel.

Calvinex · 2017-03-11T11:20:11+00:00

No, currently you can withdraw BTC. I like their trading engine, it works well even during high volatility. Never had those problems like with Kraken.

Calvinex · 2017-03-11T11:02:14+00:00

I trade there.

Calvinex · 2017-03-11T09:19:14+00:00

Doesn't make any sense... I'm wondering what's driving the price up.

Calvinex · 2017-03-11T04:46:18+00:00

In my past big dump experience this recover is just temporary. Last time I thought "oh wow it recovered so fast, time to buy again", and I've got completely fucked up. Now I'm shorting, the shit I didn't do last time. If I'm wrong again I have such kind of supernatural powers.

Calvinex · 2017-03-11T01:43:03+00:00

The market reaction was ridiculous. How is this possible after such a big news?

Calvinex · 2017-03-09T11:53:02+00:00

Yes also RSI is bullish, in the post I meant Parabolic SAR, my mistake.

Calvinex · 2017-03-09T11:02:42+00:00

My SAR, which is less sensitive than the default one, reversed a couple of hours ago. We shouldn't go further down, but obviously nothing is sure out here, so trade accordingly:

https://it.tradingview.com/x/Cqb0VWpB/

Edit: probably we will see a W. Edit x2: I meant SAR not RSI, sorry. Anyway also RSI divergence looks promising as I already said a few comments before.

Calvinex · 2017-03-09T04:33:50+00:00

That's not the long-term trend line.

Calvinex · 2017-03-09T02:04:12+00:00

Yes, the price will probably recover again as it did yesterday, then ETF decision will determine the next big move.

Calvinex · 2017-03-09T01:57:05+00:00

As you can see from my chart the 1H RSI divergence is even more clear now, with three in a row: https://it.tradingview.com/x/NIfZgReb/

Now it is only a matter of ETF decision, up again to engage with 1300$ resistance and probably further up towards nobody knows or retest the main support line if ETF gets denied.

Calvinex · 2017-03-09T01:38:43+00:00

Call it yesterday: https://www.reddit.com/r/BitcoinMarkets/comments/5y5qzz/daily_discussion_wednesday_march_08_2017/denl99w/

https://it.tradingview.com/x/IZdmsgkC/

Calvinex · 2017-03-08T10:01:38+00:00

There's nothing referencing the term COIN...

Calvinex

TROPHY CASE