Bubble is over, segwitx2 is noise, bitcoin just lived an epic short squeeze and has probably lured amazing amounts of overleveraged longs. A retest of 1800 support will probably happen this summer. If broken 1200-1300 is sin sight and an ultimate support sub 1k could be visited in an epic bear trap/despair phase. Be ready. Trade safe and be careful, breaking ath with volume could lead to an other wave taking bitcoin to over 4k.
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BTC-e is down for 16 hours. Rumours of potential hack circulation, if proven true it could be a catalyst for our short. Meanwhile this is how this analisys exported to bitstamp is looking like
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BTC-e still down for over 24h. BTCUSD still above important support area (2367-2423) after testing it earlier this morning. Going to 2600 before breaking it is still possible. Once below 2367 retest of 1840 critical support is almost guaranteed.
The arrested russian man is related to the mt.gox and other notorious bitcoin thefts. The coins have been laundered partly in BTC-e, and the downtime could be related to it. See more here blog.wizsec.jp/2017/07/breaking-open-mtgox-1.html?m=1
Meanwhile price has tested again the reversal area going as low as 2400
Hey, are you going to move your analysis to other exchange? I like your points of view a lot.
CoinDreamer
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Strange that this BTC-e bad news not affected the btc price..it should be similar when Bitfinex was hacked...
CoinDreamer
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Ok, ok buy btc sill going up..fomo is strong.
quraanmorad
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seems like big problem happened in BTC-e exchange or am wrong ? exchange go down for over 24h then this big issue
bagofXMR
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@quraanmorad, Yes. You can see in my last comment that there has been a russian man arrested yesterday in greece for a money laundering felony involving bitcoin since 2011.
al lot of details match with btce. It is a russian exchange, active sin 2011, mainly trades bitcoin, it went down yesterday and it has always been suspected to be a money laundering machine.
quraanmorad
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@bagofXMR, oh then ppl got fuc*ked ! :( i hope they will return money to users
bagofXMR
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@quraanmorad, well, there's nothing confirmed yet. it could be just a coincidence.