I wanted to make this article tomorrow, but I do today as the situation is serious. You need to do it right now and not only that, I highly recommend that you send it to all your friends and acquaintances. Because it can save someone a very large amount of money in a crypto-exchange.
In the picture that we see below. We see that Bitcoin has a Bitcoin price of 2.68% higher than Bitmex. What I did not understand yet, because I was in a hurry to write this article. You yourself can guess where faster. Maybe I will write in the comments when I publish the article. This is clearly not casual, there is almost no gap of 3% and it is growing.
Today I analyzed the arrival of Bitcoins on the top 100 wallets and noticed that the arrival of Bitcoins is observed. And there is practically no expense. The total consumption of the top 100 wallets was 3000-4000 bitcoins, and due to the fact that the balance on arrival, deducting expenses is 28647 bitcoins. That is, people accumulate, rather than merge. Many are waiting for prices below 6200-6100. It should be noted such a thing that many very rich people have teams of analysts of financial markets. Also here, I am sure that every owner of a certain wallet has such analysts who have their own strategies for trading in the market, with extensive experience and knowledge. For some reason, these people decide not to sell ... Now you will understand why. Why is it clear, because we are waiting for growth and it is inevitable. The question is in the timing and the question of where the drawdown will be, but apparently, the drawdown will not be very strong, that is, for 5000 or 4000 dollars for Bitcoin.
We have such a downward and upward trend level and a whole triangle. We have already climbed into the very corner of the triangle. The extreme point of the triangle falls on November 25-31. When leaving it, lines 6100 and 6800 will support or limit us.
At first, I had such a market visibility.
“Given the overheating in the futures market for short positions, it is more logical to go up to 6800-7100-7400 and then update the annual minimum and the reversal of the global trend. Triangle lines converge on November 30, 2018 and we are waiting for a sample before this date. Most likely on November 14 on the day of expiration or a day or two later. ”,
but afterward, it has completely changed in the other direction. Because the Binance Exchange tomorrow at 2018/11/14 2.00 will carry out technical work for approximately 8 hours. The key moment in this phrase: Binance will suspend Deposits / Withdrawals and trading during this period.
That is, tomorrow, or shorts or longs, they will simply tie their hands tomorrow. Most likely it will be short, I will try to explain why.
Go to the next schedule:
We are in the area of recruitment, if we go up we have another area of 6700-6800 recruitment positions. The approach to this mark for the market will be a landmark upward movement. Why don't we go down? Most likely for the reason that overheating on the short in the futures market (There are very large volumes). The total will have to pay all these short pants for closing plus. What else says that we will go up?
Short positions:
If we are now at some current level, and many assume that this bottom or bottom will be at the level of $ 6,100 or $ 5,700 and they want to gain positions. Although, as for me, the smart ones have already left the short positions. Released waiting for a higher price for Bitcoin to re-recruit positions in the down. And when the price grows, only in that case will new positions begin to gain.
Advice for those who trade on Binance:
If you have marginal positions, then it would be logical to reduce them or simply exit them.
In general, in the market, as I think, tomorrow will be BullRun.
Thanks for info munx!
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