BTC: Parabolic up on 86% buy trades

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Quote: On May 21 in New York, Bitcoin miners have reached an agreement to go for SegWit, according to miners sources. It has marked a good start to the important Consensus conference that united important movers and shakers of the crypto industry.

Charlie Shrem’s messages in the Whalepoolbtc Telegram chat states that there was “big news” coming from the Consensus conference, and that members should “Buy BTC.”

Source: cointelegraph.com/news/bitcoin-miners-agree-in-ny-on-segwit-activation-before-september-sources

fiatleak.com Is showing, who is buying: Mostly very small traders, mostly buying 0,0XZY bitcoins. Todays total market cap of BTC is 44 billion US-Dollar. 86% of all trades are a "buy". It's pure math wich make it unlikely that buy orders in a 25 US-Dollar size can keep a 44 billion market cap at todays highs.

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BTCUSD: Parabolic up vs. Gravity
invst.ly/3-q-0
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Added one more round of shortpositions.

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Trades on BTCUSD to read here: Click on the chart to open it.

Time To Short BTC
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Bitcoin could see a 47% correction, but some say it's going to $6,000
Bitcoin rallied to a fresh record high of over $2,700 on Thursday.
One analyst said that the cryptocurrency is close to a key level of $2,800 which could signal a correction. The analyst told CNBC that the correction could see bitcoin fall as far as $1,470, marking a 46.5 percent decline.
cnbc.com/2017/05/25/bitcoin-price-correction-record-high.html
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Bitcoin plunges more than $300, goes negative after earlier hitting all-time high

Bitcoin hit a record $2,791.70 before erasing the day's gains.
At Thursday's record, bitcoin had gained more than 45 percent in a week and more than 180 percent this year.
cnbc.com/2017/05/25/bitcoin-surges-10-percent-to-all-time-high-above-2700.html
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Looks like possible head and shoulders pattern:

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أغلقت الصفقة: تم الوصول للهدف
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BTC short closed at 2.460 or net gain of 200 Points. Momentum to the upside is still there. BTC needs to much attention to trade it.
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Short 1 position BTC @ 2.490 again.

For me looks like we hat a retest of the former highs and maybe the downmove might start after this retest might be confirmed as "failed". BTC trading is much more challeging than stockmarket trading. There is no quite time, no off time.
I will continue trading with a very small position only and maybe ad or minus more intraday but will not report or comment on it.
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Few minutes after short BTC its now 2.480:

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BTC today after so far failed re-test:

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Wild ride: Still short BTC.

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Crash.

Short BTC now 700 USD each BTC.

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Short BTC allmost from the top. Trade still active. BTC looks like going to crash sunday night.
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Hedgepositions long closed.

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BTC - real trades:

88% long
12% short

Source: markets.com/instruments/bitcoin
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Bias: unch, 88% short.

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Remark: 88% long, 12% short.
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Bitcoin faces growing competition from Ethereum
investing.com/news/forex-news/bitcoin-faces-growing-competition-from-ethereum-490743
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Comment: Bitcoin, Ethereum plunge as much as 25% as bull party ends
investing.com/news/forex-news/bitcoin,-ethereum-plunge-by-as-much-as-25-as-bull-party-ends-495732
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Short BTC at 2.800
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Rumors ...
Is The People's Bank Of China Manipulating The Bitcoin Price?
zerohedge.com/news/2017-06-15/peoples-bank-china-manipulating-bitcoin-price
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How BTC was shorted at 2.800 USD to read here:
Time To Short BTC
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BTCUSD: Head and Shoulder Pattern likely to be confirmed now. Also likely a major reversal / top pattern.
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Ethereum crashes 25%, other cryptocurrencies also sharply lower
investing.com/news/forex-news/ethereum-crashes-25,-other-cryptocurrencies-also-sharply-lower-504128
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BTCUSD: Bubble likely to burst further.

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BTCUSD: Technical

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BTC: Bubble burst

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: Ethereum briefly crashes 20% to 7-week low amid worries about rival bitcoin's future
Ethereum leaped several thousand percent this year to a record in June.
Prices have been falling steadily since then.
Bitcoin prices also fell Sunday amid concerns about a potential split in a few weeks.
cnbc.com/2017/07/16/ethereum-briefly-crashes-20-percent-to-7-week-low-amid-worries-about-rival-bitcoins-future.html
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Time to resume to short BTCUSD:

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Cryptos - Bitcoin sheds $500 as Cryptocurrency Exodus Intensifies

Quote:

"BTCChina, one of China's largest bitcoin trading platforms, announced that it would cease offering trading services on September 30, citing statements issued earlier this month by the People's Bank of China and other regulatory bodies in the country.
BTCChina will stop registration of new users from Thursday, it said on its official microblog.
"We will stop all trades on the digital trading platform starting Sept. 30," it said. Its co-founder, Bobby Lee, told Reuters the move would not affect trading on the BTCC international exchange, however.
The sharp sell-off in Bitcoin follows growing fears of blanket ban on bitcoin exchanges across China after a statement from The National Internet Finance Association of China (NIFA) Wednesday claimed that “financial and social risks [of bitcoin exchanges] cannot be ignored.”
The National Internet Finance Association of China, a self-regulatory agency, established by the People’s Bank of China, said that Bitcoin “is becoming a tool for money laundering” and warned that virtual currency trading platforms in China are not legally established.
Chinese regulators, however, are yet to confirmed any plan to shut down local exchanges but the statement from NIFA supports recent media reports warning that the decision had already been made."
investing.com/news/cryptocurrency-news/crypto--bitcoin-sheds-500-as-cryptocurrency-exodus-intensifies-529041

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