Hey guys, I feel really stupid right now. I thought the CME Futures contracts were SETTLING today at 4pm gmt, they actually only closed Futures TRADING at this time. However, anybody who understands what my theory of the market manipulation was (and still is) realizes that this doesn't affect my theory being right or not (other than that the crash never happened today but will happen on the run up to the settlement date).
The settlement date for the CME Futures is the 31st of January. So I am still holding USDT and NOT buying any crypto back yet as I still subscribe to my original theory, just that price will crash closer to the 31st of January.
Sorry guys, I made a simple mistake but probably caused a lot of you to feel a bit FUDdy (lol).
(Tried to post this earlier today but apparently I didn't have enough steem power!)
Admiting your own mistakes is definetly a plus! But trust me it can jump up or down in a few hoursor days at the moment its hardly predictable...
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No problem in making an incorrect assumption, could happen to everybody. But not everybody has the nuts to admit it!
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Personally, I don't think the futures are that big of a deal. It doesn't matter what moves the markets, the technicals tell the story so I continue to wait for a confirmation of a downtrend before concluding on one.
It is impossible to predict the future. If it were, we'd make millions every day of trading.
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31st january make sense if you see the huuge wedge unfolding ... It's good for btc anyway, it means it will go up from there !
I hodl and will btdf if goes under 9k$. Maybe next time when it will dips from 50k$ to 30k$ I will try to swing trade and convert some btc in usdt (I know i'm really optimistic about cryptos :-)) ), but for now it's a bit riscky I think, maybe you should rebuy some btc, like 25% of your usdt just in case it does not dips any more, Btc could also go up to 15k$ and stay there for a while ...
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