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Question: How far will this leg take us?
$110K - 9 (8.3%)
$120K - 19 (17.6%)
$130K - 17 (15.7%)
$140K - 9 (8.3%)
$150K - 19 (17.6%)
$160K - 2 (1.9%)
$170K+ - 33 (30.6%)
Total Voters: 108

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26836872 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (174 posts by 1 users with 9 merit deleted.)
inca
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February 27, 2015, 11:50:44 AM

Shorts clearly don't believe in the move up: finex BTC swaps are back up to >23K, the same level as before the "breakout". What will it take to get them to cover?!?

More buying from the unleveraged.

edit: this is how a bear trend changes to bull trend, retail gets clipped over and over until they wise up..did you really think bitcoin was going to drop down to sub 100 dollar levels? lol..
LFC_Bitcoin
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February 27, 2015, 11:54:02 AM

Shorts clearly don't believe in the move up: finex BTC swaps are back up to >23K, the same level as before the "breakout". What will it take to get them to cover?!?

More buying from the unleveraged.

edit: this is how a bear trend changes to bull trend, retail gets clipped over and over until they wise up..did you really think bitcoin was going to drop down to sub 100 dollar levels? lol..
A lot of people were hoping for it.
It was never going to happen.
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February 27, 2015, 11:55:55 AM

http://www.resourceinvestor.com/2015/02/26/companies-slowly-warm-bitcoin
Quote
We would expect Bitcoin to stagnate some more before resuming the move down. This is our best bet at the moment. $200 (dashed red line) might be the level to observe as far as the next move to the downside is concerned.

Summing up, we think speculative short positions might be the way to go.

ouch, reamed.

I see it's from yesterday. Bad timing.
inca
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February 27, 2015, 11:58:22 AM

Shorts clearly don't believe in the move up: finex BTC swaps are back up to >23K, the same level as before the "breakout". What will it take to get them to cover?!?

More buying from the unleveraged.

edit: this is how a bear trend changes to bull trend, retail gets clipped over and over until they wise up..did you really think bitcoin was going to drop down to sub 100 dollar levels? lol..
A lot of people were hoping for it.
It was never going to happen.

Well never say never Smiley But there are currently 23000 bitcoins which have to be bought back on just bitfinex exchange alone. The typical number of short contracts since finex began is between 5 and 10k. Even if we just head back to 15k you can see on the orderbook how far up that takes us when those coins are bought back during capitulation or liquidation purchases.

We haven't seen a squeeze yet.
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February 27, 2015, 11:59:28 AM

Coin
Explanation
Fatman3001
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February 27, 2015, 11:59:55 AM

Shorts clearly don't believe in the move up: finex BTC swaps are back up to >23K, the same level as before the "breakout". What will it take to get them to cover?!?

If the price stays 250+ today and starts climbing again tomorrow, nerves are gonna get rattled.
Fatman3001
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February 27, 2015, 12:01:58 PM

Shorts clearly don't believe in the move up: finex BTC swaps are back up to >23K, the same level as before the "breakout". What will it take to get them to cover?!?

More buying from the unleveraged.

edit: this is how a bear trend changes to bull trend, retail gets clipped over and over until they wise up..did you really think bitcoin was going to drop down to sub 100 dollar levels? lol..
A lot of people were hoping for it.
It was never going to happen.

Well never say never Smiley But there are currently 23000 bitcoins which have to be bought back on just bitfinex exchange alone. The typical number of short contracts since finex began is between 5 and 10k. Even if we just head back to 15k you can see on the orderbook how far up that takes us when those coins are bought back during capitulation or liquidation purchases.

We haven't seen a squeeze yet.

I dare not dream. But I have started looking at car ads again.
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February 27, 2015, 12:24:52 PM

The look on that bot´s face when he sees that nobody is following the pump. Priceless...
razorramon
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February 27, 2015, 12:29:37 PM

and again we started into a pump weekend....i guess the next leg up is in the next 2 - 12 hours....
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February 27, 2015, 12:34:19 PM

Good morning, Bitcoiners Angry
Thought you could sneak that devious little price pump past me?  Well you didn't!  Nothing gets by me!
Now how about you put that price back down where it belongs, Hmm?

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February 27, 2015, 12:35:56 PM

Right after my comment the price went up 3 dollars. LOL. Now it may be a pure coincidence, but i´m telling you, the ones that are pumping right now are committing suicide.

5th of March.
Fatman3001
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February 27, 2015, 12:41:15 PM

BTC-E crossed 250
LFC_Bitcoin
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February 27, 2015, 12:42:04 PM

Coindesk - 255 USD.

Next target 270.
dakota neat
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February 27, 2015, 12:47:32 PM

dumpy time soon
NotLambchop
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February 27, 2015, 12:50:47 PM

   Surrender, Bitcoiners!

     YOU CAN NOT WIN.
Maximum_Overderp!
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February 27, 2015, 12:59:20 PM

We're headed to 360 and I've already done very well on the latest rise.  Glad I didn't buy a year ago when I found out about it.
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February 27, 2015, 12:59:25 PM

Coin
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Dotto
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February 27, 2015, 01:02:16 PM

WTF has happened??

Mega? Bulltrap? MEGABULLTRAP???

LOL, train time!!
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February 27, 2015, 01:02:22 PM

Expecting price rise to ~$350 - then down to ~$220 revisiting the current level. Time horizon: March to May.

What do you expect?
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February 27, 2015, 01:03:39 PM

Expecting price rise to ~$350 - then down to ~$220 revisiting the current level. Time horizon: March to May.

What do you expect?

I expect the trolling to reduce markedly over the coming months..
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