Bitcoin Price Thread
- Thread starter Magna
- Start date
C
Chaila
I've got him on mute in my twitter feed because he's made one asinine statement after another. But he's smart to always be provocative as that gets him on all the financial channels. Good for him, but I'm not interested in his nonsense.
Binance obtains Dubai licence to target retail clients
Reuters
Thu, April 18, 2024 at 4:21 AM EDT
FILE PHOTO: Illustration shows smartphone with displayed Binance logo
DUBAI (Reuters) - Cryptocurrency exchange Binance said on Thursday it had secured a licence from Dubai's regulator VARA that will allow the platform to target retail clients in addition to qualified and institutional ones.
Under the Virtual Asset Service Provider (VASP) licence, unit Binance FZE will also be able to extend its current services beyond spot trading and fiat services by offering margin trading products - for qualified users - and staking products, it said in a statement.
I think Bitcoin has topped. From 5 March to 5 April(or thereabout) they printed $10B of Tether, yet the price failed to go higher.
On every dip they print more Tether and try to hold the price up.
Bitcoin dominance is quite high. Since Bitcoin is getting hard to pump, the natural thing next might be to pump shitcoins (like dogecoin).
In the meantime Bitcoin continues to be distributed and shorted heavily on CME.
We are running on borrowed time though, because eventually they are going to crack down on the Tether fraud, taking down the entire market.
On every dip they print more Tether and try to hold the price up.
Bitcoin dominance is quite high. Since Bitcoin is getting hard to pump, the natural thing next might be to pump shitcoins (like dogecoin).
In the meantime Bitcoin continues to be distributed and shorted heavily on CME.
We are running on borrowed time though, because eventually they are going to crack down on the Tether fraud, taking down the entire market.
Bitcoin on CME are futures. For every short, there's a long (zero sum game). Could just as easily say that Bitcoin continues to be bought heavily on CME.
OMG lol. Forget everything you thought you knew about bitcoin and TA. Done? ok. First thing you need to realize is that none of that shit matters. Halvenings don't matter, tether doesn't matter. The price is going to finish its cycle before moving on. I think that takes us all the way to July at least. Last halvening it went nowhere for months if I recall...same when El Salvador went all in. I don't pay attention to any news so I might be off a bit.
Anyway, we are right on track as expected. Now the only question is will this be a single or a double correction? I can't remember the last time Bitcoin did a single so I'm expecting a double at least.
I posted this on April.13 but had it charted since the beginning of April after calling the top at 72k.
To see full continuity of the TA login @ https://community.swingcharts.com/
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I just meant that the big players ain't gonna risk on some shady offshore exchange and CME gives a reliable way of shorting.
The open interest on CME has surpassed all other derivative exchanges.