Bitcoin Forum
March 28, 2020, 03:35:54 PM *
News: Latest Bitcoin Core release: 0.19.0.1 [Torrent]
 
   Home   Help Search Login Register More  
Poll
Question: What causes you more fear? (credit:Micg)
Coronavirus - 91 (54.8%)
Bitcoin - 75 (45.2%)
Total Voters: 166

Pages: « 1 ... 11630 11631 11632 11633 11634 11635 11636 11637 11638 11639 11640 11641 11642 11643 11644 11645 11646 11647 11648 11649 11650 11651 11652 11653 11654 11655 11656 11657 11658 11659 11660 11661 11662 11663 11664 11665 11666 11667 11668 11669 11670 11671 11672 11673 11674 11675 11676 11677 11678 11679 [11680] 11681 11682 11683 11684 11685 11686 11687 11688 11689 11690 11691 11692 11693 11694 11695 11696 11697 11698 11699 11700 11701 11702 11703 11704 11705 11706 11707 11708 11709 11710 11711 11712 11713 11714 11715 11716 11717 11718 11719 11720 11721 11722 11723 11724 11725 11726 11727 11728 11729 11730 ... 26467 »
  Print  
Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21576810 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. (143 posts by 33 users deleted.)
bad trader
Sr. Member
****
Offline Offline

Activity: 344
Merit: 250


View Profile
March 16, 2015, 05:21:03 PM
Last edit: March 16, 2015, 05:51:46 PM by bad trader

There's still a chance this could break down and fill in below $280, which opens the door to breaking the rising bottom trendline at $260.
What if our renminbi overlords laugh at your flimsy dollar line?

Edit: And I think you are talking about a linear line. You've found the lowest and probably the least important one of all the rising bottom trend lines. If we hit it, we've already broken through all the other similar lines, so it may not offer much resistance.
1585409754
Hero Member
*
Offline Offline

Posts: 1585409754

View Profile Personal Message (Offline)

Ignore
1585409754
Reply with quote  #2

1585409754
Report to moderator
1585409754
Hero Member
*
Offline Offline

Posts: 1585409754

View Profile Personal Message (Offline)

Ignore
1585409754
Reply with quote  #2

1585409754
Report to moderator
1585409754
Hero Member
*
Offline Offline

Posts: 1585409754

View Profile Personal Message (Offline)

Ignore
1585409754
Reply with quote  #2

1585409754
Report to moderator
AWARD-WINNING
CRYPTO CASINO
ASKGAMBLERS
PLAYERS CHOICE 2019
PROUD
PARTNER OF
1500+
GAMES
2 MIN
CASH-OUTS
24/7
SUPPORT
100s OF
FREE SPINS
PLAY NOW
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
Brewins
Legendary
*
Offline Offline

Activity: 1120
Merit: 1000



View Profile
March 16, 2015, 05:43:25 PM

290 by the end of last week and 290 by now.

I think it confirms we are officially sideways
dreamspark
Hero Member
*****
Offline Offline

Activity: 798
Merit: 1000


View Profile
March 16, 2015, 05:44:17 PM

so what do you think guys, will we see $300 this week?

There's still a chance this could break down and fill in below $280, which opens the door to breaking the rising bottom trendline at $260. However this is not what I think will happen (but many chartists are calling for it).

If you're not already in now, the lower risk trade would be to go long after $300 is broken and becomes support, confirming the break.

how much room do you think there is for a cascading effect of long margin calls if it breaks down to 260ish? This is basically what I'm betting on. Majority of bids in between 255-271, after that, re assess. Otherwise join the bulls above 305 and CCMF for a moment.

There is a lot of room for a long squeeze/over 22mil in longs about 4-5 mill more than *average* . At this price its ~17k btc. Have a look at the books and make your mind up.
BlackSpidy
Hero Member
*****
Offline Offline

Activity: 514
Merit: 511



View Profile
March 16, 2015, 05:45:27 PM

290 by the end of last week and 290 by now.

I think it confirms we are officially sideways

.-. ¿¡ʇɐɥʍ
macsga
Legendary
*
Offline Offline

Activity: 1484
Merit: 1002


Strange, yet attractive.


View Profile
March 16, 2015, 05:46:23 PM

290 by the end of last week and 290 by now.

I think it confirms we are officially sideways

It's not necessarily a bad thing to go sideways. Everybody expects volatility from BTC because that's what it does, but sideways maybe a sign that it's gaining some sort of stability... on the other hand it may also means that nobody wants to trade  Grin
bassclef
Hero Member
*****
Offline Offline

Activity: 924
Merit: 1000



View Profile
March 16, 2015, 05:47:17 PM

so what do you think guys, will we see $300 this week?

There's still a chance this could break down and fill in below $280, which opens the door to breaking the rising bottom trendline at $260. However this is not what I think will happen (but many chartists are calling for it).

If you're not already in now, the lower risk trade would be to go long after $300 is broken and becomes support, confirming the break.

how much room do you think there is for a cascading effect of long margin calls if it breaks down to 260ish? This is basically what I'm betting on. Majority of bids in between 255-271, after that, re assess. Otherwise join the bulls above 305 and CCMF for a moment.

It's possible though margin cascades are hard to predict. There might not be enough selling to even get us sub $280 at this point, though we might go there again due to low volume in general. When the market leaders are bullish and want to go up, watch them shake out the market downward as many times as it takes to clean out enough supply to do it while supporting certain price levels. They have both the bankroll and patience for this and it is a profitable thing to do as it fills their longs and builds retail shorts.

Those longs who are well capitalized would need sub $200 to get margin called, and that price is close to bear delusion at this point. I expect they would hold through, just as some of the well funded shorts are doing who allowed themselves to be trapped during capitulation. I expect they, on the other hand, are getting mighty nervous as their danger zone is in the $300s. Some of the bearish activity you see is likely groups of them protecting their positions--I saw this activity all the way up from the bottom--seems to work well enough until a whale with a pump bot comes along and decides to annihilate them.
dreamspark
Hero Member
*****
Offline Offline

Activity: 798
Merit: 1000


View Profile
March 16, 2015, 05:50:26 PM



It's possible though margin cascades are hard to predict. There might not be enough selling to even get us sub $280 at this point, though we might go there again due to low volume in general. When the market leaders are bullish and want to go up, watch them shake out the market downward as many times as it takes to clean out enough supply to do it while supporting certain price levels. They have both the bankroll and patience and it is a profitable thing to do.

Those longs who are well capitalized would need sub $200 to get margin called, and that price is close to bear delusion at this point. I expect they would hold through, just as some of the well funded shorts are doing who allowed themselves to be trapped during capitulation. I expect they, on the other hand, are getting mighty nervous as their danger zone is in the $300s. Some of the bearish activity you see is likely groups of them protecting their positions--I saw this activity all the way up from the bottom--seems to work well enough until a whale with a pump bot comes along and decides to annihilate them.

Holding a long at this sort of interest rate through a ~25% decline is stupid and a terrible way to trade though. Its not so much a margin call cascade as a stop loss cascade that could be seen. If people are trading without stop losses then god help them!
bassclef
Hero Member
*****
Offline Offline

Activity: 924
Merit: 1000



View Profile
March 16, 2015, 05:56:38 PM



It's possible though margin cascades are hard to predict. There might not be enough selling to even get us sub $280 at this point, though we might go there again due to low volume in general. When the market leaders are bullish and want to go up, watch them shake out the market downward as many times as it takes to clean out enough supply to do it while supporting certain price levels. They have both the bankroll and patience and it is a profitable thing to do.

Those longs who are well capitalized would need sub $200 to get margin called, and that price is close to bear delusion at this point. I expect they would hold through, just as some of the well funded shorts are doing who allowed themselves to be trapped during capitulation. I expect they, on the other hand, are getting mighty nervous as their danger zone is in the $300s. Some of the bearish activity you see is likely groups of them protecting their positions--I saw this activity all the way up from the bottom--seems to work well enough until a whale with a pump bot comes along and decides to annihilate them.

Holding a long at this sort of interest rate through a ~25% decline is stupid and a terrible way to trade though. Its not so much a margin call cascade as a stop loss cascade that could be seen. If people are trading without stop losses then god help them!

I've done it. Had a losing trade that ended up over 20% in the green because I held through. Not optimal, but it worked out. I'm a position trader so I'm holding onto trades for weeks and the cost of the loan is a very small percentage of my overall profits.

I don't trade with stop losses. Whales actively gun for them, so why give them the bait?
tarmi
Legendary
*
Offline Offline

Activity: 1106
Merit: 1000


View Profile
March 16, 2015, 05:58:58 PM

I can tell you that from march the 10th (min price 289 $) till today there were more than 2.5 mil of new longs opened.

they are paying very high interest rates (more than 0.08 % a day).

so going sideways and staying below 300 is putting a lot of pressure on them.
ChartBuddy
Legendary
*
Offline Offline

Activity: 1050
Merit: 1000


1PwXK9TpmmaaqaZz2eqcLkPU2C1Fcva39G


View Profile
March 16, 2015, 05:59:05 PM

Coin
Explanation
michaelGedi
Sr. Member
****
Offline Offline

Activity: 364
Merit: 250


"to be or not to be, that is the bitcoin"


View Profile
March 16, 2015, 06:01:22 PM

so what do you think guys, will we see $300 this week?

There's still a chance this could break down and fill in below $280, which opens the door to breaking the rising bottom trendline at $260. However this is not what I think will happen (but many chartists are calling for it).

If you're not already in now, the lower risk trade would be to go long after $300 is broken and becomes support, confirming the break.

how much room do you think there is for a cascading effect of long margin calls if it breaks down to 260ish? This is basically what I'm betting on. Majority of bids in between 255-271, after that, re assess. Otherwise join the bulls above 305 and CCMF for a moment.

It's possible though margin cascades are hard to predict. There might not be enough selling to even get us sub $280 at this point, though we might go there again due to low volume in general. When the market leaders are bullish and want to go up, watch them shake out the market downward as many times as it takes to clean out enough supply to do it while supporting certain price levels. They have both the bankroll and patience for this and it is a profitable thing to do as it fills their longs and builds retail shorts.

Those longs who are well capitalized would need sub $200 to get margin called, and that price is close to bear delusion at this point. I expect they would hold through, just as some of the well funded shorts are doing who allowed themselves to be trapped during capitulation. I expect they, on the other hand, are getting mighty nervous as their danger zone is in the $300s. Some of the bearish activity you see is likely groups of them protecting their positions--I saw this activity all the way up from the bottom--seems to work well enough until a whale with a pump bot comes along and decides to annihilate them.

thanks... for me the more I try to think like a whale the more I imagine they have more to gain by continuing the downtrend.

inca
Legendary
*
Offline Offline

Activity: 1176
Merit: 1000


View Profile
March 16, 2015, 06:07:52 PM

There is a lot of room for a long squeeze/over 22mil in longs about 4-5 mill more than *average* . At this price its ~17k btc. Have a look at the books and make your mind up.



Come again?
Bitcoiner_cph
Full Member
***
Offline Offline

Activity: 160
Merit: 100


View Profile
March 16, 2015, 06:12:00 PM

thanks... for me the more I try to think like a whale the more I imagine they have more to gain by continuing the downtrend.




Sure, the real question is if the whales can manage to keep the price low for much longer.... I see a lot of upward pressure.... I am believing the new boom is come soon.... be prepared to act fast, as it can move fast in a very short time!! UP, if anybody have any doubt.
Brewins
Legendary
*
Offline Offline

Activity: 1120
Merit: 1000



View Profile
March 16, 2015, 06:12:06 PM

I can tell you that from march the 10th (min price 289 $) till today there were more than 2.5 mil of new longs opened.

they are paying very high interest rates (more than 0.08 % a day).

so going sideways and staying below 300 is putting a lot of pressure on them.

what is going to happens first? Moon or everyone get margin trapped and forced to dump?
Bitcoiner_cph
Full Member
***
Offline Offline

Activity: 160
Merit: 100


View Profile
March 16, 2015, 06:13:02 PM

Remember this time, ATH will be in the range of 2500-5000.
Bagatell
Hero Member
*****
Offline Offline

Activity: 722
Merit: 500



View Profile
March 16, 2015, 06:14:57 PM

Remember this time, ATH will be in the range of 2500-5000.

cheapskate  Wink
Bitcoiner_cph
Full Member
***
Offline Offline

Activity: 160
Merit: 100


View Profile
March 16, 2015, 06:16:44 PM

On stamp someone is making an small wall at 291, but watch this one... I believe he will withdraw as soon as people begin to buy at that price.
inca
Legendary
*
Offline Offline

Activity: 1176
Merit: 1000


View Profile
March 16, 2015, 06:19:52 PM

I can tell you that from march the 10th (min price 289 $) till today there were more than 2.5 mil of new longs opened.

they are paying very high interest rates (more than 0.08 % a day).

so going sideways and staying below 300 is putting a lot of pressure on them.

what is going to happens first? Moon or everyone get margin trapped and forced to dump?

So far they have paid 0.5% of 2.5 million in interest. A whopping 12,500 dollars. Pressure? Smiley

We may well dip you could be right. But we are nowhere near a long squeeze and most of those longs are in the money.

dreamspark
Hero Member
*****
Offline Offline

Activity: 798
Merit: 1000


View Profile
March 16, 2015, 06:21:17 PM



It's possible though margin cascades are hard to predict. There might not be enough selling to even get us sub $280 at this point, though we might go there again due to low volume in general. When the market leaders are bullish and want to go up, watch them shake out the market downward as many times as it takes to clean out enough supply to do it while supporting certain price levels. They have both the bankroll and patience and it is a profitable thing to do.

Those longs who are well capitalized would need sub $200 to get margin called, and that price is close to bear delusion at this point. I expect they would hold through, just as some of the well funded shorts are doing who allowed themselves to be trapped during capitulation. I expect they, on the other hand, are getting mighty nervous as their danger zone is in the $300s. Some of the bearish activity you see is likely groups of them protecting their positions--I saw this activity all the way up from the bottom--seems to work well enough until a whale with a pump bot comes along and decides to annihilate them.

Holding a long at this sort of interest rate through a ~25% decline is stupid and a terrible way to trade though. Its not so much a margin call cascade as a stop loss cascade that could be seen. If people are trading without stop losses then god help them!

I've done it. Had a losing trade that ended up over 20% in the green because I held through. Not optimal, but it worked out. I'm a position trader so I'm holding onto trades for weeks and the cost of the loan is a very small percentage of my overall profits.

I don't trade with stop losses. Whales actively gun for them, so why give them the bait?

An anecdote that it worked out for you that time doesn't mean it will continue to.
It's far from optimal when you can cut your losses and find a way better entry. That trade that netted you 20% overall could have netted you a significantly higher % by re entering when the market reversed.
Obviously everyone should trade how they feel fit but what about the people who opened longs at $900. Should they have held until the market reversed and get margin called. Of course if your trading spot its a different story.
barbs
Hero Member
*****
Offline Offline

Activity: 854
Merit: 1000


View Profile
March 16, 2015, 06:24:44 PM

It's not Bitcoin unless everyone gets screwed over.
Pages: « 1 ... 11630 11631 11632 11633 11634 11635 11636 11637 11638 11639 11640 11641 11642 11643 11644 11645 11646 11647 11648 11649 11650 11651 11652 11653 11654 11655 11656 11657 11658 11659 11660 11661 11662 11663 11664 11665 11666 11667 11668 11669 11670 11671 11672 11673 11674 11675 11676 11677 11678 11679 [11680] 11681 11682 11683 11684 11685 11686 11687 11688 11689 11690 11691 11692 11693 11694 11695 11696 11697 11698 11699 11700 11701 11702 11703 11704 11705 11706 11707 11708 11709 11710 11711 11712 11713 11714 11715 11716 11717 11718 11719 11720 11721 11722 11723 11724 11725 11726 11727 11728 11729 11730 ... 26467 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!