dreamspark
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March 16, 2015, 05:50:26 PM |
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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!
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bassclef
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March 16, 2015, 05:56:38 PM |
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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?
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tarmi
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March 16, 2015, 05:58:58 PM |
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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.
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ChartBuddy
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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March 16, 2015, 05:59:05 PM |
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michaelGedi
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"to be or not to be, that is the bitcoin"
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March 16, 2015, 06:01:22 PM |
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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.
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inca
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March 16, 2015, 06:07:52 PM |
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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?
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Bitcoiner_cph
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March 16, 2015, 06:12:00 PM |
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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.
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Brewins
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March 16, 2015, 06:12:06 PM |
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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?
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Bitcoiner_cph
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March 16, 2015, 06:13:02 PM |
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Remember this time, ATH will be in the range of 2500-5000.
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Bagatell
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March 16, 2015, 06:14:57 PM |
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Remember this time, ATH will be in the range of 2500-5000.
cheapskate
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Bitcoiner_cph
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March 16, 2015, 06:16:44 PM |
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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.
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inca
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March 16, 2015, 06:19:52 PM |
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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? 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.
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dreamspark
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March 16, 2015, 06:21:17 PM |
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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.
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barbs
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March 16, 2015, 06:24:44 PM |
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It's not Bitcoin unless everyone gets screwed over.
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aztecminer
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March 16, 2015, 06:25:22 PM |
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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 and no one has any money right now to buy moar.
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dreamspark
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March 16, 2015, 06:28:01 PM |
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Come again?
Your right, let me rephrase. Average over the last 3 or so months (or from the 'bottom' if you like). An important point to remember when the longs were higher than this level in around July to around September the price was much higher. Liquidating $5 million longs in August last year at a price over double what we are now will have course been at far less slippage due to the price being double. Consider the bid sum as well which has only decreased over the last year, that means that this rally has been mostly on leveraged longs and not with 'new money'. EDIT: Also what happened with the price over the period from ath longs (mid july at a price of ~$640) and now? Then ask yourself why you should be wary of lots of longs being opened. The same amount of longs being open at $300 as $600 should be scary as fuck.
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bassclef
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March 16, 2015, 06:29:12 PM |
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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. They will continue in the direction of least resistance according to supply and demand. That is why after capitulation they began pumping instead of dumping. Fighting natural market forces is a good way to go broke, any market professional knows this. They won't do it. There is also a good chance that they can see both sides of the market and have insider connections--so they know when to mark the price up or down ahead of how much fiat is entering the exchanges and what kind of news is coming out. They've tested the hell out of this price range and it resulted in an accumulation gradient of rising bottoms (likely by multiple competing interests). This is bullish. They see this. We will test downward as many times as needed to break $300. If it means that they hold most of the coins on Finex to do this, so be it. They will be distributed later.
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betterangels
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March 16, 2015, 06:33:44 PM |
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its so scary how btc is a few phone calls away from 1k
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podyx
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March 16, 2015, 06:35:43 PM |
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Remember this time, ATH will be in the range of 2500-5000.
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Bitcoiner_cph
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March 16, 2015, 06:42:30 PM |
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and no one has any money right now to buy moar.
I get more fiat Wednesday night... Then I will buy more...!! I suppose others are holding fiat will buy before that rsrsrsrs
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