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Invisible buy wall on Finex
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800 BTC buywall on huobi spotted  edit: pulled |
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"Bitfinex Sentiment Index Our Bitfinex Sentiment Index allows you to see what the market of BTCUSD currently feels like, bullish or bearish. It is based on market participants sentiment about BTCUSD price. BSI as of April 13, 2014 - 12:40:00 AM CEST: 1:1 - Bearish " havenīt seen that turned to bearish ever before. Iīm buyin   |
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How high will 11000 liquidated shorter BTC send us with such a small orderbook?
Why do you think they will liquidate? Cause the ones that have open short position will have to close them it if we should go near 500$, or they would get squeezed because their required margin would probably no longer suffice. I assume most of them the open shorts were made around or below 500$. We saw that the last time when we had the large candle to 710$,during that time the market was also heavily shorted, i donīt have the exact numbers. But 11,197 BTC liquidated(or say 60% of it) in combination with such a small ask side, would sent the price easily 100-150$. up. Of course the price can likely crash afterwards again. If one whale buys now 3000 BTC with an market order, al lot of stop loss would get triggered and so he could resell those 3000 for much higher price. But first the price has to get to 500$ though. I think many of those stop loss are set @ around 450-460$ . When these get activated it would drive the price upwards automatically until others that are set higher would get triggered from them afterwards and we would see a huge spike in the end. Of course, i donīt know if anyone really plans a market buy to perform this right now, but we have seen this before. So as a whale: 1. Setup sells in the range $500-$700 2. Market buy to trigger liquidations 3. Automatically get bought into 4. profit (insta) Itīs probably not 100% sure that it works out always, but if it is well planned the chances are high. Also a whale would be in advantage if he knew how many stop loss are set and where exactly.... |
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13 millions USD swaps = 30000 BTC at current price. So longs still outnumber shorts by a factor of 3.
This would also create an awesome spike (downwards)  . One of both will most likely happen in the next time. It would be easy to activate such a spike on Bitfinex/Bitstamp if you own a chinese exchange and both of them follow you while you create trading data out of your ass. One would have an huge advantage to control such an exchange, but iīm sure nobody does things like that. |
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How high will 11000 liquidated shorter BTC send us with such a small orderbook?
Why do you think they will liquidate? Cause the ones that have open short position will have to close them it if we should go near 500$, or they would get squeezed because their required margin would probably no longer suffice. I assume most of them the open shorts were made around or below 500$. We saw that the last time when we had the large candle to 710$,during that time the market was also heavily shorted, i donīt have the exact numbers. But 11,197 BTC liquidated(or say 60% of it) in combination with such a small ask side, would sent the price easily 100-150$. up. Of course the price can likely crash afterwards again. If one whale buys now 3000 BTC with an market order, al lot of stop loss would get triggered and so he could resell those 3000 for much higher price. But first the price has to get to 500$ though. I think many of those stop loss are set @ around 450-460$ . When these get activated it would drive the price upwards automatically until others that are set higher would get triggered from them afterwards and we would see a huge spike in the end. Of course, i donīt know if anyone really plans a market buy to perform this right now, but we have seen this before. |
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How high will 11000 liquidated shorter BTC send us with such a small orderbook?
Why do you think they will liquidate? Cause the ones that have open short position will have to close them it if we should go near 500$, or they would get squeezed because their required margin would probably no longer suffice. I assume most of them the open shorts were made around or below 500$. We saw that the last time when we had the large candle to 710$,during that time the market was also heavily shorted, i donīt have the exact numbers. But 11,197 BTC liquidated(or say 60% of it) in combination with such a small ask side, would sent the price easily 100-150$. up. Of course the price can likely crash afterwards again. If one whale buys now 3000 BTC with an market order, al lot of stop loss would get triggered and so he could resell those 3000 for much higher price. |
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How high will 11000 liquidated shorter BTC send us with such a small orderbook?
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Chinese/Russian coordinated megapump in progress. 120$ candles available soon!
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hm bulltrap on huobi?
The whole month is just a fat bull trap Please stop quoting the trolls, thanks! |
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Sleep as leverage trader you donīt get much safe sleep i leveraged the "bulltrap" upwards and decided during it that it has no power and shorted@538$ Edit: oops - china just made a new high |
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watching this carefully. would be very telling if we had a spike up or down right now. This trend line was strong just 2 days ago.
I put my money on this prediction, i hope youīre right. The chances for a spike upwards seemmed small to. No huge buying power no fake walls , nothing. Unemotional at best. Therefore i bet on a downwards spike, thatīs where people have some trading emotion left. Panic buying seems to be outmoded. Panic selling is where the heart still is.
full disclosure: this is not a prediction! this is just an observation. I doubt you are putting your money on what I say fonzie, but there are people on this forum who would eat me alive if they heard you quote that!
good luck I hope you win! I put my money on that before your chart, but if i should get a little squeezed by a fairy whale i could blame it on you  |
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watching this carefully. would be very telling if we had a spike up or down right now. This trend line was strong just 2 days ago.
I put my money on this prediction, i hope youīre right. The chances for a spike upwards seemmed small to. No huge buying power no fake walls , nothing. Unemotional at best. Therefore i bet on a downwards spike, thatīs where people have some trading emotion left. Panic buying seems to be outmoded. Panic selling is where the heart still is. To be fair, there was quite a lot of buying power to bring us back to $430. Monday will be interesting, that's for sure. Would be personally pretty surprised if this was a Bull trap, but certainly wouldn't bet on a reversal until $500+ During the creation of it that came mostly out of China, there was definitely huge buying power, thatīs true, but i was talking about this day during the last stages of the bull trap. It also could have been easily used by one big whale to squeeze 10k BTC out of its margin position to create an immense spike, like the one to 710$, but it seems as even whales nowadays donīt care about Bitcoin anymore |
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 watching this carefully. would be very telling if we had a spike up or down right now. This trend line was strong just 2 days ago. I put my money on this prediction, i hope youīre right. The chances for a spike upwards seemmed small to. No huge buying power no fake walls , nothing. Unemotional at best. Therefore i bet on a downwards spike, thatīs where people have some trading emotion left. Panic buying seems to be outmoded. Panic selling is where the heart still is. |
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I hope this wannabe suckers rallye falls hard, it was overall lame and witout any power, at least it gives an additional possibilty for another shorting start point, 437$ seems fair and hopefully safe. There seems to be no more crazy driven fuel left among the traders.  Each bulltrap fails more in itīs impact. hmmm.... Fonzie is back LOL  Bitcoin without huge bulltraps where everyone joins is is not what itīs used to be. Iīm sad  |
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I hope this wannabe suckers rallye falls hard, it was overall lame and witout any power, at least it gives an additional possibilty for another shorting start point, 437$ seems fair and hopefully safe. There seems to be no more crazy driven fuel left among the traders. Each bulltrap fails more in itīs impact. |
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I hope that a few of those 10k BTC swaps on Finex get triggered. That would give some additional fuel.
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It took 10 minutes for those stupid chinese to realize that all conditions for a small rallye were given. I hope they are out soon.
they're rallying just now. LTC rallye is the only one that impresses me a little bit until now. Iīm glad one can leverage on LTC too on Bitfinex Bitstamp was too scared to rallye alone without chinese support. |
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