Miz4r
Legendary
*
Offline Offline

Activity: 1246
Merit: 1000


View Profile Personal Message (Offline)

Ignore
October 18, 2013, 09:32:31 PM

interest rates to borrow usd are sky high just now on bitfinex.

300%!!

wha? you can short USD?

you lend your USD to traders  at wtv % interest you want.

no one is lending right now... thats why its 300% interest,  i guess its because the bulls exhausted the USD, everyone is long.

This is a bearish signal, suggesting the run-up is extended.
Bitcoin kills bears for breakfast though so don't think I am recommending anything.

Bearish divergences on most timeframes as well.  Momentum/volume just isn't there.
So you think the sellers will stampede to the exchanges soon?

Only if China wills it.