$200 dollars gap between some of main exchanges(okcoin- finex)
this is madness
We all already knew Finex was backed by fraud and just about any Chinese monetary instrument is fraud^2. One of the exchange owners is probably naked long by millions of dollars while the other is naked short millions of dollars.
In order to have whales battling it out, they do not necessarily need to be engaging in insider trading - even though that is possible, it is not a necessary condition in order to have sets of whales battling it out and sets of whales believing in the opposite direction..
In the end, which direction is going to win, or will we just end up consolidating for a little while until one side or another can gather some more ammunition?
In times of war there's no winner. War is bad for business. According to this we go down to the 12 dollar zone where's major support. Maybe after that a head and shoulders what will bring us to a price of 20 dollar.