Bitcoin
Short

massively short on Bitcoin waiting for 4257

Updated
No If. No But
Target as shown.
target 4257
Stop loss almost near to recent high
Opened a massive short. Liquidation at recent high as shown 5435.

Is bitfinex insolvent? Did they really lose $850 million and tried to cover up the tracks by misdeeds? If so, they will be responsible for the #bitcoin drop in price just like #MtGox was. Is this a repeat of #MtGox?

Major banks have been unwilling -- or at least reluctant -- to offer financial services to #Bitfinex . We know now why! Is #Bitfinex a thief who stole $850 million causing the market crash of #bitcoin. Shame #Bitfinex

If Crypto Capital Co.’s insolvent, then #Bitfinex is insolvency too. Am I correct?

What if #Bitfinex is unable to return back all the funds of its customers? What if? Would that cause a serious crash to #bitcoin? How low will it go?

The exchanges that are in trouble because of the recent scandal surrounding #bitcoin are #Bitfinex #QuadrigaC #CEX.io #Exmo #Coinapult. These exchanges deal with #CryptoCapital that has stolen 850million from #Bitfinex while ##Bitfinex stolen $850 using #Tether from its clients.

Is #Bitfinex going to close down its shop? What will happen to the countless investors who have money there? Will they be able to close their account and move it on time or lose just like #MtGox? This is a serious issue!

#Bitfinex executive, Merlin, also warns his contact, “Oz,” that the situation posed a grave threat to the larger crypto industry and that #Bitcoin “could tank” to below $1,000 if they didn’t act quickly. Where will BCDUSD stop? This looks bad!

“The situation looks bad. We have more than 500 withdrawals pending and they keep coming in … [T]oo much money is parked with you and we are currently walking on a very thin crust of ice"

$850 million is possibly equal to 27% of #Tether reserve that means #Tether is fucked and all funds related to it unless more news arises on #bitcoin

I am massively short on Bitcoin.




Trade active
Target 1: 4257
Target 2: 3200
target 3: 1700
Target 4: Sub 1000 (hope not)

I have a massive short position in my own live account.
Trade closed: stop reached
Unfortuanately
bctusdBitcoin (Cryptocurrency)FibonaccitetherXBTUSD

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