someone said cup and handle yesterday...
That was me. It's happening. I should start trading lol. Chessnuts wave theory is playing out just as he said, too. |
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+1 internet
that...thing...is so fucking annoying and stupid that it is pretty much obvious he is the biggest bag hodler here.
Yeah, he's so stupid, doesn't he realize that Bitcoin works just great at $5 a piece. The sentiment at that level will be so great, we can short it all the way down to $0.005 just like Satoshi imagined. Fuck him for believing in Bitcoin. Everyone knows the ultimate goal is to suck the marrow out of the Bitcoin core, put that sweet sweet fiat into our banks, and let the good times roll. Let's be serious, who the fuck wants BTC to go $5 a piece, that would mean failure at all levels, imagine the headlines. Below $50 signifies total failure IMO. |
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The 26k sell wall @$300 was put there by a large whale to scare people to sell coin to his 200+ coin buy wall @$299.99, to get more coins cheap. But it seems he could not squeeze out enough panic sellers' coin. So he eventually bought the majority of it back with his other accounts and cancelled the rest
If those coins got eaten by a large whale, then he lost 10000+ coins at low, the operation failed
..what? This is so wrong I don't even. This had been discussed to death. The wall was eaten by regular traders. His intent was to sell ( why is debatable, but he did want to sell them ) And it was 38,000 coins. |
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This chart doesn't seem to match the non custom ones from that site. |
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It would seem to me that the shorters have pushed the price down, but created a floor at @
$300, so they're pretty damn screwed unless, as you say, a revolving door occurs and just moves the floor down...( New shorts fill old shorts, etc )
Somethings gotta give. I fear, perhaps irrationally, that a long squeeze will wipe out the books.
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Did OP read that from his crystal ball?
We will still be in the hundreds level. Probably $400 to $600. It is too soon after the dip below $300, over $1000 is pushing it.
Well, his prediction may seem all encompassing (it will go up or down!!) But it is fairly specific, as 2 or 4 digits is very unlikely. Come back in 3 weeks and see! |
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If someone is trying to close a short, will it show as a bidwall at the closing price?
Also, a 1k short with 2:1 leverage would act as a 2k wall??
Correct Cool, thanks. I guess this may explain the endless bidwalls on bfx, but also why they seem to have no trouble crushing them (New shorts?) There is 7m$ on $290; or 85% of the entire orderbook! Must be people's shorts closing? Is there any chance of a long squeeze if the price continues to drop? |
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If someone is trying to close a short, will it show as a bidwall at the closing price?
Also, a 1k short with 2:1 leverage would act as a 2k wall??
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Whale wars
 Lol Grats Jimbo, for having a screenshot of your post featured in a CNBC article about bearwhale. I cant believe this article exists: http://www.cnbc.com/id/102070437#. |
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There are insane dumps happening, some in Poloniex chatbox posted a blockchain address with 130K Bitcoins heading what appeared to be an exchange address...
fudfudfudfudfudfudufufdududfufdufudfud Evidence? |
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I got $620 for 1 years, and $390 for 3 years.
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Am I the only one that sees we are overbought.
Bitstamp is overbought but being manipulated up; BFX is still oversold. And why you think so about stamp? Fall from 380$ to 275$ was manipulated... this is just a return back. It is known there is much more fiat on stamp as orderbook shows it. This push back is a correction after quick rise. I agree about bitfinex. Shorts are at ATH, while number of longs is still low. When the shorts get burned the real panic buying will start. My guess is 390-395$ is the level where squeeze will happen. I suppose I shouldnt call bitstamp overbought; just "neutral", but it would be my opinion that they are overdue for some selling. That market still seems to be suffering deer-in-headlights after mega-whale. Bid depth is pretty poor and ask walls pop up at every corner. But no one ever really sells. The fact they hold over BFX (which is clearly oversold) says, to me, that they are being manipulated up. Cant really dispute the short/long info tho. |
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Am I the only one that sees we are overbought.
Bitstamp is overbought but being manipulated up; BFX is still oversold. Ok so I'm being logical thinking that this upward trend can't be sustained. Well I think regardless of whether or not a true reversal occurred at $300 or not, a retrace is due.. The market clearly wants to move down but there are still plenty of buyers. |
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Am I the only one that sees we are overbought.
Bitstamp is overbought but being manipulated up; BFX is still oversold. |
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Opinions on the CFTC hearing?
Clearly the traders say bullish  |
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13,200.49 BTC shorts  Cut the loose before its too late, this is last chance to sell above 250$ Nice try. That's 5 million dollars worth of bears now *committed* to buying bitcoin.  Im not really good with understanding shorts and longs, but my thought is: Short: Someone offers you to sell their coins, with daily interest (or other agreed rate), which you then can buy back at a price of your own choosing? How does the leverage work? Long: Someone offers you to sell their USD, with daily interest, which you can then... same question - how does the leverage work? And must a long also buy back USD? They both show on the orderbooks as any other order, with the condition they must be bought traded back at some other time? So 13k btc of shorts mean 13k btc must be bought, at some time.. but 20m longs means.. $20m usd must be bought as well??? I can't claim much understanding but the basics are: Long. Buy now, sell later and hope the price rises in between. Short. Borrow now, sell, buy back later and return to lender, hope the price falls in between. Leverage. Borrow so you can increase your position, ie. bet more than you can afford to lose. Here's the interesting bit that's worth reading up on, Naked Shorts, borrow to pay back later but whatever you're borrowing doesn't actually exist. Its not permitted in most markets but that doesn't stop it happening. Very interesting. Does the reverse exist? My guess would be yes, but its totally unnecessary as there is always USD available to loan? |
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OP fail
Silly bears trying so hard.
TBH I'd consider it bullish if the wall was pulled and not eaten. |
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then does research afterwards!
