Market leader Huobi is going to run out of steam...
Except you're a known shill and every single one of your posts claims the price will "crash any second"
Here's one of your last useless HERP DE DER posts. Looks like that May 24th prediction didn't work out too well huh, shill?
The evolution of the bid sum on various exchanges does not support a bullish scenario.
The cockroach ate most of my post, so here it is whole. The current 50$ or more difference between Huobi and western exchanges is reflected in it.
The evolution of the bid sum on various exchanges does not support a bullish scenario. Compared with December with a top of 475$, the bids are now much lower on
western exchanges, down to 50% on Bitstamp. On Huobi, I suspect a whale / miner bullish manipulation: some 30 - 40 million CNY have been added to the bids during the
last month, but without a real intent on buying, or we would be over 500$ already. Those bids have been pulled every time a minor dump occurred.
Daily MACD has crossed to negative on Bitfinex and Bitstamp, but not on Chinese exchanges yet. So IMO the market is vulnerable to bad news, especially from China.
A possible bad news could be the auctioning of the 202k BTC during the MtGox distribution, which could be announced tomorrow (or not, distribution by BTC would be bullish).
If the auction(s) will take place, this could trigger 2 tests of the bottom support, one on the announcement, the other on the auction. After the distribution by fiat
I would expect a rally, fueled by FOMO buying with the newly available funds.
PS. Found a scenario that is in line with my expectations.
https://www.tradingview.com/chart/BTCUSD/bRHCR1I2-Bitcoin-The-End-of-an-Era/And my next post, before he pump was:
The Chinese pumpers are about to invalidate my scenario (short term bearish, medium term bullish), and may give RyNinDaCleM's scenario the first row.
In such case, here is how I would expect this to happen, a bit slower if the current timings are to continue: