Bitfinex

[Bitcoin_is_here_to_stay]

High interest rate on bitfinex and high premium on icbit are sign of bullish. People borrowing are expecting the rally will be higher than the interest rate.

Sure, and they might be right. Or they might be very wrong. My memory is a bit fuzzy, but I remember a massive short squeeze last November when Bitfinex traders were very wrong about the market. Can't happen in the other direction?

Thats my market moto: Go against the crowd.

Oh noes!  That means be a bear!  

But on this forum, people are always predominantly bullish. If you go to Tradingview right now, most people seem bearish. Take your pick.

Most people seem bearish on Trading View now?  Perhaps we are reading different Trading Views

[leezay]

What trading view are you guys talking?

[Argwai96]

What trading view are you guys talking?

tradingview.com

It is a technical charting website aimed at a lot of forex/stock traders that also has charts for the major bitcoin exchanges (except Okcoin).

[piramida]

What trading view are you guys talking?

tradingview.com

It is a technical charting website aimed at a lot of forex/stock traders that also has charts for the major bitcoin exchanges (except Okcoin).

and using this direct link you can get historical mtgox data: https://www.tradingview.com/e/?symbol=MTGOX:BTCUSD#

[Torque]

High interest rate on bitfinex and high premium on icbit are sign of bullish. People borrowing are expecting the rally will be higher than the interest rate.

Sure, and they might be right. Or they might be very wrong. My memory is a bit fuzzy, but I remember a massive short squeeze last November when Bitfinex traders were very wrong about the market. Can't happen in the other direction?

Thats my market moto: Go against the crowd.

Oh noes!  That means be a bear!  

But on this forum, people are always predominantly bullish. If you go to Tradingview right now, most people seem bearish. Take your pick.

Interesting that the TradingView analysts were bullish when it seemed that bitcoin was on the verge of breaking up, and they could draw you all kinds of wonderful TA graphs with lines showing you that it would likely do that.  But when the bitcoin market doesn't do what they expect, they get confused, then get bearish, and then suddenly can draw you all kinds of wonderful TA graphs with lines showing you that it will likely break down.   

[inca]

High interest rate on bitfinex and high premium on icbit are sign of bullish. People borrowing are expecting the rally will be higher than the interest rate.

Sure, and they might be right. Or they might be very wrong. My memory is a bit fuzzy, but I remember a massive short squeeze last November when Bitfinex traders were very wrong about the market. Can't happen in the other direction?

Thats my market moto: Go against the crowd.

Oh noes!  That means be a bear!  

But on this forum, people are always predominantly bullish. If you go to Tradingview right now, most people seem bearish. Take your pick.

Interesting that the TradingView analysts were bullish when it seemed that bitcoin was on the verge of breaking up, and they could draw you all kinds of wonderful TA graphs with lines showing you that it would likely do that.  But when the bitcoin market doesn't do what they expect, they get confused, then get bearish, and then suddenly can draw you all kinds of wonderful TA graphs with lines showing you that it will likely break down.   

I think we are consolidating here and it is healthy. A slow move upwards.