Beware of robber banks (RB), bad advisors.
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Bitcoin Price Is Showing All 3 Crucial Signs of a Classic Bull Trap
The Bitcoin price increased by more than 10% in a 24-hour span, rising from $7,020 to $7,770 on both spot and futures exchanges. But, BTC is showing all three signs that the upsurge was a bull trap. Negative futures funding rate before the rally, altcoins failing to front-run Bitcoin, and the BTC price running into a multi-year resistance level all point toward the recent price spike being a fakeout. On Binance Futures, the funding rate of Bitcoin dropped to as low as -0.03% prior to the abrupt increase in price. Bitcoin funding rate chart across all futures exchanges. Source: Skew Futures exchanges like BitMEX and ... (full story)
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- Apr 24, 2020 11:18am Apr 24, 2020 11:18am
- Not-KPMG
- Joined Jun 2015 | Status: Member | 7592 Comments
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- Apr 24, 2020 11:20am Apr 24, 2020 11:20am
- Not-KPMG
- Joined Jun 2015 | Status: Member | 7592 Comments
Beware of robber banks (RB), bad advisors.
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- Apr 24, 2020 11:29am Apr 24, 2020 11:29am
- UKBanter
- | Joined Mar 2017 | Status: Member | 938 Comments
The elites think we are stupid. They are in the main quite correct.