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

[Morecoin Freeman]

Did the bubble burst? I hope it did because I went short at 2200.

[Morecoin Freeman]

I'm too scared for this price action to leave my apartment. XD

[Sitarow]

[spooderman]

it's beginning to look a lot like gentlemen

[noobtrader]

it's beginning to look a lot like gentlemen

 


i thought this is sparta

[Morecoin Freeman]

Definitely gentlemen.

[BitChick]

I just noticed that the price hit $374 on Gemini about 25 minutes ago.    

[Sitarow]

[billyjoeallen]

BTC shroters are paying 0,18% now DOUBLE what longs are paying. They are out of ammo. We're going up.

[Sitarow]

2015-10-30 1:53AM EST

[billyjoeallen]

BTC shroters are paying 0,18% now DOUBLE what longs are paying. They are out of ammo. We're going up.

It looks like both shorts and longs got more expensive. You mean the highest paying short position pays .18%? The best offer on finex = .0625%, okcoin = .02%

it's changing very fast. over $24MM in dollar swaps, >20,000 BTC swaps. both growing fast, but BTC swaps growing at a faster rate. 

[Room101]

hard to keep a good coin down

[ChartBuddy]

Coin

Explanation

[Sitarow]

2015-10-30 2:15AM EST

[BTCtrader71]

I think all of us bulls should take this opportunity to short the market. All together. They'll never see it coming. Midnight EST. Who's with me???

I'm sure we could knock it down 10% in half an hour. Take profit and then go long again.  

Just as planned: 3 month longs on OKCoin dropped from 380 to 350 between 12:44 AM and 1:14 AM, EST.

Good job crew!!!!!

[billyjoeallen]

@ >20K BTC swaps, there is now enough or close to enough leveraged shorts to force a short squeeze.  Of course there has been enough leveraged longs to force a long squeeze since...the last long squeeze.

A margin call/forced liquidation cascade is an epic sight to behold. Fortunes are won and lost.  The safest way to play them is wait until just after it happens and then max leverage the opposite direction. if we do go significantly up, pay attention to the volume.  If positions are being force liquidated, the volume will go up dramatically.  A trickle up is not a trend reversal.  Reversals happen on high volume. 

Now whales could dump at any time, but they probably won't until those puts get force liquidated, but then afterwards they almost certainly will.  and then...look out below.  With all buying exhausted, we could go into free fall and get a long squeeze as margin bulls get the same treatment. 

We don't know how high this is going to go. Nobody does.  What we do know is that every leveraged long and short has to cover eventually, so expect high volatility.

[solitude]

keep selling faggots, i can taste your tears from here.  Keep thinking the price will drop you fucking faggots.

[orpington]

[Sitarow]

[Fatman3001]

$38 between Huobi and BTC-E.