Chinese exchanges & correction updates
Added 2020-10-17 01:11:21 +0000 UTCFriday, 10.16.2020
Bitcoin price dropped by $300ish last night when the CEO of OKEX exchange "suspended crypto withdrawal due to him being investigated by authorities.” Huobi is another Chinese exchange where they told Coindesk that their operation is "normal'' during the OKEX investigation (see below for article).
However, the DOJ's new crypto enforcement framework is giving a warning that the U.S. government will go after international exchanges (see below for article).
Then the Crypto Whale is tracking Huobi's large BTC withdrawal and transactions. So, out of abundance of caution, ensure you transfer your coins to a wallet after you've purchased them.
OKEX is the 2nd major exchange running into issues with the US regulatory agency after Bitmex. My guides gave me a heads up the other day about being unable to access "Binance International website." Binance is the largest Chinese exchange in this industry.
So, be safe rather than sorry. Give yourself plenty of time after purchasing your coins and transfer it to your own wallet.
Correction update:
The market’s fundamentals have been really bullish recently - the OKEX and BITMEX ordeals barely made a dent in the market. It's partly because the market is more mature than 2018/2019. Price is dropping again by 2% tonight, which isn't a lot compared to the March crash. My guides have only nailed price and timeline ONCE last month.
The market needs some Earth shattering news to bring this beast down to below 9K. I wish my guides had a timeline for all of his low prices. Will provide new updates from my guides when I receive it.
DOJ Article: https://www.coindesk.com/crypto-enforcement-framework
Huboi article: https://www.coindesk.com/huobi-operations-okex-crypto-suspension?amp=1&__twitter_impression=true
