Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[Elwar]

Round 2...

Could happen.

[Neo_Coin]

[Dakustaking76]

Oh bitcoin Why cant we go through $9k struggling

[Elwar]

Oh bitcoin Why cant we go through $9k struggling

Instead of bitcoin users buying bitcoins they are creating 9k memes. While Wall Street is selling.

Put away the Windows Paint and buy fools!

[Dakustaking76]

Oh bitcoin Why cant we go through $9k struggling

Instead of bitcoin users buying bitcoins they are creating 9k memes. While Wall Street is selling.

Put away the Windows Paint and buy fools!

If i had the Damn money  i woud buy them all

[Last of the V8s]

[Neo_Coin]

[yefi]

May I please get September 1st 2018? Nobody got September and I love September. Since I am a latecomer I will donate the entire sum if it happens to be me. Sounds good?

If you snatched the prize from somebody who would have otherwise won, I don't think they'd be too pleased about that, even if you do donate your windfall. You're working with new information now that wasn't available to the other participants, so you shouldn't be allowed to compete.

[HairyMaclairy]

Ratio of BFX longs to shorts is at ATH (blue line is longs v shorts).  Longs outnumber shorts 3.7:1


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[hazukison]

Ratio of BFX longs to shorts is at ATH (blue line is longs v shorts).  Longs outnumber shorts 3.7:1


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Can you explain whats going on here? to the stupid lol..

[bitserve]

Ratio of BFX longs to shorts is at ATH (blue line is longs v shorts).  Longs outnumber shorts 3.7:1


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That's worrisome.

[Wekkel]

That's worrisome.

Perhaps time to place a double bottom and then get on with the show?

[JayJuanGee]

Ratio of BFX longs to shorts is at ATH (blue line is longs v shorts).  Longs outnumber shorts 3.7:1


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Can you explain whats going on here? to the stupid lol..

I certainly don't know what is going on, either. 

My understanding is that if there is so much confidence that BTC price are going up, and a large number of traders are betting margin longs, then that creates a really LARGE incentive for bearwhales to push the price in the opposite direction to force the longs to close. 

Accordingly, the forcing of the longs to close can then cause a cascading effect that allows for the bears to make much more money than it costs them to push the price down.

On the other hand, if the large number of traders betting for BTC prices to go UP are correct, then the ones betting on UP make a lot of money in that direction too....   I think that ultimately the considerably large ratio of longs to shorts does not tell us the price direction; however, it does likely tell us that in order to get BTC prices to move in either direction, there is going to be a necessity to spend a considerable amount of value in this price range to battle for your preferred direction.. which signifies a need for a decent amount of volume to get the BTC price to move either direction based on the way that the bets are currently laid. 

TLDR:  Seems that we are in a critical battle price range....

[marcus_of_augustus]

hourly fix indicates a bear party just round the cnr

... #r3kt

[bitserve]

May I please get September 1st 2018? Nobody got September and I love September. Since I am a latecomer I will donate the entire sum if it happens to be me. Sounds good?

If you snatched the prize from somebody who would have otherwise won, I don't think they'd be too pleased about that, even if you do donate your windfall. You're working with new information now that wasn't available to the other participants, so you shouldn't be allowed to compete.

One of the reasons (there are more) I picked 28/08/2018 is because it also covered a good part of September.

If it is allowed to pick new dates now, it should also be allowed to change the previous picks too. Maybe even the ones that already "lost" because maybe (or surely) they would have picked a later date now.

[Deeyoh]

My 9k alarm keeps sounding.

[mymenace]

[hazukison]

Ratio of BFX longs to shorts is at ATH (blue line is longs v shorts).  Longs outnumber shorts 3.7:1


how to host an image

Can you explain whats going on here? to the stupid lol..

I certainly don't know what is going on, either. 

My understanding is that if there is so much confidence that BTC price are going up, and a large number of traders are betting margin longs, then that creates a really LARGE incentive for bearwhales to push the price in the opposite direction to force the longs to close. 

Accordingly, the forcing of the longs to close can then cause a cascading effect that allows for the bears to make much more money than it costs them to push the price down.

On the other hand, if the large number of traders betting for BTC prices to go UP are correct, then the ones betting on UP make a lot of money in that direction too....   I think that ultimately the considerably large ratio of longs to shorts does not tell us the price direction; however, it does likely tell us that in order to get BTC prices to move in either direction, there is going to be a necessity to spend a considerable amount of value in this price range to battle for your preferred direction.. which signifies a need for a decent amount of volume to get the BTC price to move either direction based on the way that the bets are currently laid. 

TLDR:  Seems that we are in a critical battle price range....

Great explaination thanks and I still don't fully understand what you wrote hahaha 

[Ibian]

Let's get banjo Vegeta this time.

[bitserve]

Ratio of BFX longs to shorts is at ATH (blue line is longs v shorts).  Longs outnumber shorts 3.7:1


how to host an image

Can you explain whats going on here? to the stupid lol..

I certainly don't know what is going on, either.  

My understanding is that if there is so much confidence that BTC price are going up, and a large number of traders are betting margin longs, then that creates a really LARGE incentive for bearwhales to push the price in the opposite direction to force the longs to close.  

Accordingly, the forcing of the longs to close can then cause a cascading effect that allows for the bears to make much more money than it costs them to push the price down.

On the other hand, if the large number of traders betting for BTC prices to go UP are correct, then the ones betting on UP make a lot of money in that direction too....   I think that ultimately the considerably large ratio of longs to shorts does not tell us the price direction; however, it does likely tell us that in order to get BTC prices to move in either direction, there is going to be a necessity to spend a considerable amount of value in this price range to battle for your preferred direction.. which signifies a need for a decent amount of volume to get the BTC price to move either direction based on the way that the bets are currently laid.  

TLDR:  Seems that we are in a critical battle price range....

Yep, that's it. The more shorts there are, the more cascading effect we can have on the upside. Consider it sorta a multiplier.

The opposite is also true for margin longs and dumps.

It doesn't mean it cannot rise... in fact, sometimes it just means the situation is so clear that noone dares to short but... for an explosive rise the more shorts being rekt, the better.