Post
Topic
Board Speculation
Re: Why i think BTC is a bull trap atm!!!!
by
poor-yorik
on 20/01/2018, 20:33:45 UTC
- Bad news still around for btc from all corners, but suddenly it jumped from 9,200 to 12.000 if you see the history at highest volume btc exchanges, you see some people bought it in high volumes upto 2000x btc in 1x around same time.
- Futures contract expires Jan 28
-low volume, crash scared a lot of people
- look like ascending triangle
-Tether keeps being printed everyday by 50-100million, and backed by usd. To me it looks like
someone is buying BTC with fake/printed coins.  = Bigger btc manipulation trap.  = these huge btc jumps can only be caused by massive manipulation

Futures contracts are irrelevant. They are cash-settled, and therefore they can't affect the market. Also, the volume is miserable since no one wants to keep them. Apart from that, do you really know that Tether is printing that many dollars everyday? You seem to be repeating some bullshit from very distant past when Bitcoin had actually been rising a few hundred dollars a day. This is no longer the case.