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Bitcoin Is Going Bananas

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BITSTAMP:BTCUSD   比特币
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If ever you want to be succesfull trader at stockmarkets you need be at least a third like a "Horsetrader". The other two thirds you can split to "mathematiks" and "analysis" or what ever you like.

But for one third you need to be a horsetrader.

And that means sometimes you need buy "shit" low to sell same "shit" higher and that you need to sell it, before this bubble of "shit" is going to burst. Or other will do same and earn "your" money.
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to make it right ....
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---> sometimes you need to buy "high" to sell it "higher".
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BTCUSD is not my "favorit choice" but an example, that traders can earn money with a "bubbe" as long as "Cash" inflows in a bubble pump it up. Today i missed some Minutes to post this on TV so here in this trading idea BTC was payed with 1.134 USD or intradays high.

But let us see now how long it needs to get this bubble burst.
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BTCUSD is directely linked to Chinas Capital Outflows. China put some extremely aggressive steps in the last 48 hours to defend the Yuan. If ever this will fail than BTCUSD will show new record highs.

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Todays Chinas aggressives steps are showing, that the rise of the bitcoin above 1.000 US-Dollar was directely linked to China tremendous capital outflows.

If ever BCTUSD wil rise again above the Jauary highs than Chinas curriency is close to the next devaluation. China will give us some month time now to focus on higher stockmarket prices. Later this year this issue might bring stockmarkets under huge pressure.
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Quote:


Business News | Wed Jan 11, 2017 | 8:58am EST
Bitcoin slides as China's central bank launches checks on exchanges

By John Ruwitch and Jemima Kelly | SHANGHAI/LONDON

China's central bank launched spot checks on leading bitcoin exchanges in Beijing and Shanghai, ratcheting up pressure on potential capital outflows and knocking the price of the cryptocurrency down more than 12 percent against the dollar.
The People's Bank of China (PBOC) said its probe of bitcoin exchanges BTCC, Huobi and OKCoin was to look into a range of possible rule violations, including market manipulation, money laundering and unauthorized financing. It did not say if any violations had been found.

Chinese authorities have stepped up efforts to stem capital outflows and relieve pressure on the yuan.

While the yuan lost more than 6.5 percent against the dollar last year, its worst performance since 1994, the bitcoin price has soared to near-record highs.
That, and the relative anonymity the digital currency affords, has prompted some to believe bitcoin has become an attractive option for tech-savvy Chinese to hedge against the yuan and skirt around rules limiting how much foreign exchange individuals can buy each year.
Source: www.reuters.com/arti...itcoin-idUSKBN14V15Q
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Capital curbs push Chinese firms to risky, costly dollar bonds
By Samuel Shen and John Ruwitch

SHANGHAI (Reuters) - China's efforts to support its currency and cool its hot property market are encouraging more Chinese companies, including many state firms, to take on extra cost and risk by raising foreign-currency bonds in Hong Kong and other offshore locations. Despite the yuan's nearly 7 percent slump against the dollar in 2016, Chinese companies including state-owned Bank of China (SS:601988) raised a record $111 billion in offshore dollar bonds, according to data from Dealogic, up from $88 billion in 2015.
JPMorgan (NYSE:JPM) analysts, using their own dataset, are forecasting another rise this year, even though many economists expect the yuan to fall further, making the loans more expensive to service and repay. The list includes issuers who need dollars to pay for overseas acquisitions and deals but are unable to use their yuan after China tightened its grip on capital outflows last year to support the currency.
"It's getting increasingly difficult to move money out," said Shen Weizheng, fund manager at Ivy Capital, which invests in stocks and bonds in Hong Kong. "So for Chinese companies eager to invest overseas, the dollar bond market becomes an easier funding avenue."
Source: www.investing.com/ne...-dollar-bonds-453774
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Jan 25, 2017
China central bank official defends rapid foreign reserves use to keep yuan steady

© Reuters. China central bank official defends rapid foreign reserves use to keep yuan steady © Reuters. China central bank official defends rapid foreign reserves use to keep yuan steady

BEIJING (Reuters) - A senior official at China's central bank has defended authorities' rapid use of foreign exchange reserves to keep the yuan currency stable, saying the benefits "outweighed the drawbacks", according to a state newspaper. "The use of foreign reserves has kept the yuan stable and prevented market overshooting," the Ren Min Zheng Xie Bao. Paper quoted Yi Gang, a vice governor of the People's Bank of China (PBOC), as saying. The paper is owned by political advisory body the China's People's Political Consultative Conference (CPPCC), of which Yi is a member. The yuan fell 6.6 percent against the dollar last year, its biggest loss since 1994, under pressure from sluggish economic growth and a strong dollar, which have spurred capital outflows.

China has spent $1 trillion in foreign reserves in the past two years as it tried to stabilize the faltering currency, the newspaper said. China's foreign reserves shrank to near six-year lows in December, but held just above the critical $3 trillion level, sparking speculation over how long authorities would be able to continue defending the currency. The government has turned to other administrative and regulatory measures in recent weeks to curb outflows and clamp down on speculation. Quote: www.investing.com/ne...p-yuan-steady-455502
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FEB 08 2017 China forex reserves fall below $3 trillion, 1st time in 6 years

REUTERS

February 8, 2017 at 12:30 JST
BEIJING--China's foreign exchange reserves unexpectedly fell below the closely watched $3 trillion (336 trillion yen) level in January for the first time in nearly six years, though tighter regulatory controls appeared to making some progress in slowing capital outflows. China has taken a raft of steps in recent months to make it harder to move money out of the country and to reassert a grip on its faltering currency, even as U.S. President Donald Trump steps up accusations that Beijing is keeping the yuan too cheap. Reserves fell $12.3 billion in January to $2.998 trillion, more than the $10.5 billion that economists polled by Reuters had expected. While the $3 trillion mark is not seen as a firm "line in the sand" for Beijing, concerns are swirling over the speed at which the country is depleting its ammunition, sowing doubts over how much longer authorities can afford to defend both the currency and its reserves. Source: www.asahi.com/ajw/ar.../AJ201702080019.html
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FEB 20 2017: BTCUSD Cup with Handle Pattern likely invst.ly/3b1sa
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FEB 21 2017: How one Chinese region shows risks of relying on heavy borrowing
www.investing.com/ne...avy-borrowing-461325
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FEB 21 2017: Chinese deals stall on capital outflows clampdown
www.theaustralian.co...4839b7c477d1bb7eda0f
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FEB 23 2017: BTCUSD today up 5 % or almost 60 USD breaking above the former high before China´s intervention at January 4th and 5th 2017. invst.ly/3bxzl
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MAR 01 2017: Bitcoin and USDCNH sending next alarm signal. Any US rate hike could trigger a further divaluation of Chinas Currency.
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MAR 03 2017, 1.297 USD: China is one reason, but not the only one. On going talks about the BTC ETF is pushing BTCUSD higher adding to Chinas capital outflows.

Quote: Bitcoin hits all-time high as talk of US ETF approval intensifies

Digital currency bitcoin hit a record high on Friday on optimism about the approval of the first U.S. bitcoin exchange-traded fund by the Securities and Exchange Commission. "There's one catalyst at the moment and that is the expectation that the Winklevoss Trust will be approved on the 11th of March. That's the only game in town," said Daniel Masters, portfolio manager of Jersey-based Global Advisors Bitcoin Investment Program. Source: www.cnbc.com/2017/03...val-intensifies.html
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CHINA: Growth Target cut to 6,5%
money.cnn.com/2017/0...th-target/index.html
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CHINA: Growth Target cut to 6,5%
www.theguardian.com/...ne-lagarde-austerity
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CHINA: Growth Target cut to 6,5%
www.cnbc.com/2017/03...c-growth-target.html
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MAR 16 2017: PBOC raises short-term rates third times in three month.
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Bitcoin marches towards all-time high as SEC gives potential second shot to Winklevoss ETF
www.cnbc.com/2017/04...voss-etf-review.html
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Bitcoin jumps to a new all-time high above $1,300, capping 20% April surge
www.cnbc.com/2017/04...-20-april-surge.html
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Beijing's crackdown on risky debt is throwing Chinese investors for a loop
www.cnbc.com/2017/05...pooks-investors.html
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China has now become the biggest fear for markets
www.cnbc.com/2017/05...ear-for-markets.html
交易开始:
Sell BTCUSD 1/8 at 1.835. Net gain of 700 US or 70.000 pips . Profit is used to buy Stockmarket European Indices.
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Sell another 1/8 at 1.780. Net gain of 650 USD or 65.000 Pips. Profit is used to buy the DAX in the last 2 hours.
交易结束:到达目标:
Sold rest of this position at 1.900, 2.000, 2.100 and 2.200. This position is closed.

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