"We're in a downwards trend. It doesn't matter that buying pressure exceeded 30k BTC of selling pressure at 300 and the price is going up. The market and the price are just too stupid to realize that we're not in a trend reversal!"  It really is funny. I've been insulted/made fun of for my bearishness since the bubble popped at the end of 2013. Being bearish used to be the contrarian position. Nowadays, being bullish is the contrarian play, just look how people will continuously attack you for stating relatively reasonable positions (that the conditions under which 275 has happened may not repeat again). |
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I forgot that I talked about this before ~12h ago, with you. Did you forget too? Short squeeze soon at Bitfinex as the price is nearing the ask wall of that ~2k BTC short. Actually, I'm not sure it's even there anymore. Cancelled?
Shorts increased another 2k or so: 13,458.12 BTC Great strategy, guys! Short on the way up! What else are you supposed to do? Buy at the top and sell at the bottom? That's a nice strategy for sure. You can't really get anything wrong, you just do what everybody else seems to be doing at the time.  When price moves against you, you normally cut your loose, not average your loose down (or up, in this case). The way to trade is PRO trend. This doesn't apply to special circumstances with extreme spikes on high volume. |
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Wow, shorts have gone insane shorting on the way up: Total sum of active swaps 16,281.89 BTC Good strategy! Keep shorting into the uptrend! Do you say the long term trend just turned around again? How many times did it turn around this month? I lost the count. Did you know that there can be trends on multiple timeframes? Only thing I'm relatively sure about is that it will be difficult to take out the 275 low given the circumstances how it happened. Extreme volume not seen in half a year, and a large candle wick. People shorting now must be ultra alert to cut their loose at the first indication things aren't going in favor of them. |
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Wow, shorts have gone insane shorting on the way up: Total sum of active swaps 16,281.89 BTC Good strategy! Keep shorting into the uptrend! |
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Total sum of active swaps
16,281.89 BTC
Holy shit.
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Keep looking at okcoin and huobi since it is clear they are faking the volume... Example: anomalies in last two days.
Way to go.
https://i.imgur.com/EY0w31q.jpgI see nothing odd. I would call this at least a bit suspicious. 1min OKcoin chart.  10k+ BTC volume in 7-8 min, and the price didnīt move more than 2-5 CNY. At that time there were no big sell or asks. Just dozens of 30-100 BTC transactions that changed hands back and forth in lightning speed at the same price. BTW: I have no idea if the exchange themself is doing this or (a) trader(s), i guess the latter one. Seems legit! |
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You start to short at the top of a bounce, definitely not while it's going down.
No, you always wait for confirmation except in the circumstances I listed, especially when you enter a margin trade that's not only price but time sensitive. If you don't, and categorically short every bounce, good luck in the long run. The polar opposite to this is people who buy every dip. |
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Short squeeze soon at Bitfinex as the price is nearing the ask wall of that ~2k BTC short. Actually, I'm not sure it's even there anymore. Cancelled?
Shorts increased another 2k or so: 13,458.12 BTC Great strategy, guys! Short on the way up! What else are you supposed to do? Buy at the top and sell at the bottom? That's a nice strategy for sure. You can't really get anything wrong, you just do what everybody else seems to be doing at the time. When price moves against you, you normally cut your loose, not average your loose down (or up, in this case). The way to trade is PRO trend. This doesn't apply to special circumstances with extreme spikes on high volume. |
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Short squeeze soon at Bitfinex as the price is nearing the ask wall of that ~2k BTC short. Actually, I'm not sure it's even there anymore. Cancelled?
Shorts increased another 2k or so: 13,458.12 BTC Great strategy, guys! Short on the way up! |
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...
Bull FUD in an oxymoron...
Not to shorting bears it isn't  I don't understand why you got upset. Fear, Uncertainty and Doubt are bears' tools. Permabulls can only do "up Up UP", "Choo Choo MF", "to da moon". They lack the brainpower to do quality FUD. Right, because there are no bulls besides permabulls. What's up with the recent doom cult? |
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Short squeeze soon at Bitfinex as the price is nearing the ask wall of that ~2k BTC short. Actually, I'm not sure it's even there anymore. Cancelled?
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Positive divergences in both the hourly RSI and MACD. Combined with the crazily massive OKCoin buying volume, it's time to make up some bull FUD.
Bull FUD in an oxymoron, there can only be bear FUD. I give the bulls about 10 days to recover and break resistance at 420$, if not... You know what I meant. |
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Positive divergences in both the hourly RSI and MACD. Combined with the crazily massive OKCoin buying volume, it's time to make up some bull FUD.
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Where have i heard that before. Oh right, here, the last 10 months.
ShroomsKit: if you are so bearish on bitcoin why are you here continuously? To help you guys getting out before you lose all your money. Only holders though. Traders i can only hope they lose all their money. Once a holder sells, he becomes a trader. You too were responsible for Bitcoin's fall by selling, same as you accused any of the hated traders. Fuck, you're retarded and hypocritical. |
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Where have i heard that before. Oh right, here, the last 10 months.
ShroomsKit: if you are so bearish on bitcoin why are you here continuously? He's butthurt because he can't handle that bull markets are followed by bear markets. Now he's telling everyone about how Bitcoin is dying. |
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No wonder people are now leaving the bitcoin community and not coming back.
Good. Bitcoin is no longer a wildly hyped asset. They'll come right back as things turn around, as always. Then when shit gets overhyped again and in the midst of a parabola, they'll be telling me about DA FUNDAMENTALZ again. |
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Now they found out those days are over and the price isn't going to anywhere but down.
Holy fuck, it's fallling! |
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How is it that China is still relevant? PBOC hasn't done its job right.
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They can reactivate Willy any time they choose.
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