Bitcoin is a highly cornered, corrupt, and wafer thing market. Now that big players have pumped Bitcoin into the stratosphere to an extend that nobody could have imagined, and can now lock in profits by taking out big fuck off CME future short contracts.........the lice shall start to crawl out of the woodwork.......
.....being a victim of Bitfinex's inside job hack, I would love to see the fkrs behind that exchange get some hard jail time for fraud...........would love it even better to see their heads get smashed in with a hammer, but jail time would suffice........
.......if when it transpires that Finex is insolvent, something like that could be the catalyst required to drive Bitcoin back down to it's Point of Control.
If you think that is far fetched, then go and back test how the Volume Profile looked in Dec 2013. Bitcoin over $1000, but the point of control down in the $100 range.......in the long bitter end, Bitcoin did indeed, revisit the PoC.
.....being a victim of Bitfinex's inside job hack, I would love to see the fkrs behind that exchange get some hard jail time for fraud...........would love it even better to see their heads get smashed in with a hammer, but jail time would suffice........
.......if when it transpires that Finex is insolvent, something like that could be the catalyst required to drive Bitcoin back down to it's Point of Control.
If you think that is far fetched, then go and back test how the Volume Profile looked in Dec 2013. Bitcoin over $1000, but the point of control down in the $100 range.......in the long bitter end, Bitcoin did indeed, revisit the PoC.