Hi All! Poloniex is short LTC. Today we are going to short LTC/USD3M futures on OKEX.
Entry: $44 ($49 group) Target 1: $37 - Aston Martin Db11 Target 2: $27 - Aston Martin Db11 + Playmate Stop-loss: $50 - sell your gf and short more
TA: In the chart.
FA: Part 1: Crypto bubble took part on Poloniex. Everyone got rich, yay! On paper... The bear is in the air and people want to realise their gains. But! Polo decided not to approve verification for months and these new crypto millionaires are withdrawing 2k per day only. Panic is spreading, coins are being sold, btc withdrawn and sent to Stamp and Finex. Large influx of BTC supply is bringing Western price down fast. Part 2: Poloniex is most likely performing exit-scam and has targeted LTC as it's primary victim. Why? Simply because it pumped a lot and now they are shorting it and not gonna give us our coins till they are worth less.
Poloniex Faking Litecoin transaction IDs . Another possible explanation is that either LTC network is malfunctioning or customer's LTC is being drained out by third party. DAO hacker, here we meet again :)
$450 diff on BTC west vs China . 1) West cashing out from the bubble. 2) OKCoin whales holding price up to load up massive shorts on Futures where index is computed mostly from prices in China.
Summary: Scamming with charging fees for transactions that did not take place, manually closing margin positions, taking money through Stop-losses and lags for users, not enough support staff. Where is money? Now they have not enough LTC. Polo is Gox/Bfx 2.0
Happy trading! ;)
PM for group invite where you get the chart sooner (entry $49 for group)
Dagangan aktif
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$44.5 re-entering short after having nice one from $49 to $40 + $35 ;)
$50 reached, with too much confusion. No real news, but Charlie Lee visited Jihan in China. That signals do not touch and no shorts.
Today we make all money back. Stay tuned for new analysis, PM for info ahead. We collaborate with developers on the new best coin! IoT. ;)
Happy trading! ;)
Komen
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Komen
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C&H on LTC/BTC in play. Did not expect this, tbh, after all the mess around recently on polo, bringing all crypto down (ETH the most), and no clear drive, except fake MIT news. Think we are in for a surprise. But I am not entering here.
The break of the Red Line in the analysis meant stop-loss. Unfortunately, I slept through that... did not expect the green candle at all, rather more red candles to follow. Well, at least we shorted from $49 initial... gave the profits away now on $43 reshort and $49 exit :(
Next coin we work on is a great long-term project. On Bittrex. With developer team cooperating and having funding for next 6 months of Dev, PR, Implementation in real-life. Who wants to be in and receive bounties or even become a part of the Team, PM.
apart from the fact that polo is scam, if polo is shorting why should the rest do the same? can they move the market?
piter44
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Great job Marcel!
mindformat
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Seriously stop it, you have fuckin analyes .. you give negative energy for all of us .. go find somebody to fuck u
SunnyDgr
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@MarcelV thanks for your analysis anyway, it's not your fault that everyone, their dog and their goldfish wants LTC to moon. We can't win all our battles....
Sunny
MarcelV
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@SunnyDgr, Thank You for the positive words, Sunny.
JohnParvalone
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rekt as expected
MarcelV
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@JohnParvalone, what is your problem?? $43 -> $38 , $43 -> $49 ... analysis made nice profits even for some of those who were not in the private group, which shorted $49. It was correct for 5 consecutive days, with lower troughs. Then 1 day it is wrong and you write here rekt? :) TradingView's in-built strategies, e.g. Sniper are still pointing for a short since 2 days ago, not changing to Long today.
MarcelV
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@JohnParvalone, If you knew about this move up coming, I will gladly learn from you.
SunnyDgr
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I held back from putting any fiat in LTC because of this analysis, where is this rally coming from? It looks like an artificial P&D.
Can anyone shed some light on this?
MarcelV
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@SunnyDgr, Hard to say. Crypto seems to be entering bear market, but LTC pumped. No real news. Probably Charlie Lee's meeting with Jihan Wu in China gave birth to secret plans.