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

[fonzie]

How high will 11000 liquidated shorter BTC send us with such a small orderbook?

Why do you think they will liquidate?

Cause the ones that have open short position will have to close them it if we should go near 500$, or they would get squeezed because their required margin would probably no longer suffice. I assume most of them the open shorts were made around or below 500$.
We saw that the last time when we had the large candle to 710$,during that time the market was also heavily shorted, i don´t have the exact numbers. But 11,197 BTC liquidated(or say 60% of it) in combination with such a small ask side, would sent the price easily 100-150$. up.
Of course the price can likely crash afterwards again.
If one whale buys now 3000BTC with an market order, al lot of stop loss would get triggered and so he could resell those 3000 for much higher price.

But first the price has to get to 500$ though.

I think many of those stop loss are set @ around 450-460$ . When these get activated it would drive the price upwards automatically until others that are set higher would get triggered from them afterwards and we would see a huge spike in the end. Of course, i don´t know if anyone really  plans a market buy to perform this right now, but we have seen this before.

[fonzie]

13 millions USD swaps = 30000 BTC at current price. So longs still outnumber shorts by a factor of 3.

This would also create an awesome spike (downwards) . One of both will most likely happen in the next time.  

It would be easy to activate such a spike on Bitfinex/Bitstamp if you own a chinese exchange and both of them follow you while you create trading data out of your ass.
One would have an huge advantage to control such an exchange, but i´m sure nobody does things like that.

[p0peji]

13 millions USD swaps = 30000 BTC at current price. So longs still outnumber shorts by a factor of 3.

Where do you find these numbers?

[aminorex]

EDIT:   can't see us hitting $450 anytime soon.

wednesday

[fonzie]

13 millions USD swaps = 30000 BTC at current price. So longs still outnumber shorts by a factor of 3.

Where do you find these numbers?

http://charts-bfxdata.rhcloud.com/

https://www.bitfinex.com/pages/stats

[wachtwoord]

How high will 11000 liquidated shorter BTC send us with such a small orderbook?

Why do you think they will liquidate?

Cause the ones that have open short position will have to close them it if we should go near 500$, or they would get squeezed because their required margin would probably no longer suffice. I assume most of them the open shorts were made around or below 500$.
We saw that the last time when we had the large candle to 710$,during that time the market was also heavily shorted, i don´t have the exact numbers. But 11,197 BTC liquidated(or say 60% of it) in combination with such a small ask side, would sent the price easily 100-150$. up.
Of course the price can likely crash afterwards again.
If one whale buys now 3000BTC with an market order, al lot of stop loss would get triggered and so he could resell those 3000 for much higher price.

But first the price has to get to 500$ though.

I think many of those stop loss are set @ around 450-460$ . When these get activated it would drive the price upwards automatically until others that are set higher would get triggered from them afterwards and we would see a huge spike in the end. Of course, i don´t know if anyone really  plans a market buy to perform this right now, but we have seen this before.

So as a whale:

1. Setup sells in the range $500-$700
2. Market buy to trigger liquidations
3. Automatically get bought into
4. profit (insta)

[jonoiv]

EDIT:   can't see us hitting $450 anytime soon.

wednesday

Thanks for the reply

"Wednesday"  on it's own doesn't really help me see your opinion.

[fonzie]

How high will 11000 liquidated shorter BTC send us with such a small orderbook?

Why do you think they will liquidate?

Cause the ones that have open short position will have to close them it if we should go near 500$, or they would get squeezed because their required margin would probably no longer suffice. I assume most of them the open shorts were made around or below 500$.
We saw that the last time when we had the large candle to 710$,during that time the market was also heavily shorted, i don´t have the exact numbers. But 11,197 BTC liquidated(or say 60% of it) in combination with such a small ask side, would sent the price easily 100-150$. up.
Of course the price can likely crash afterwards again.
If one whale buys now 3000BTC with an market order, al lot of stop loss would get triggered and so he could resell those 3000 for much higher price.

But first the price has to get to 500$ though.

I think many of those stop loss are set @ around 450-460$ . When these get activated it would drive the price upwards automatically until others that are set higher would get triggered from them afterwards and we would see a huge spike in the end. Of course, i don´t know if anyone really  plans a market buy to perform this right now, but we have seen this before.

So as a whale:

1. Setup sells in the range $500-$700
2. Market buy to trigger liquidations
3. Automatically get bought into
4. profit (insta)

It´s probably not 100% sure that it works out always, but if it is well planned the chances are high. Also a whale would be in advantage if he knew how many stop loss are set and where exactly....

[Davyd05]

EDIT:   can't see us hitting $450 anytime soon.

wednesday

Thanks for the reply

"Wednesday"  on it's own doesn't really help me see your opinion.

pretty clear he thinks buying pressures will bring us above 450 towards 500 by Wednesday.

[EuroTrash]

EDIT:   can't see us hitting $450 anytime soon.

wednesday

Thanks for the reply

"Wednesday"  on it's own doesn't really help me see your opinion.

pretty clear he thinks buying pressures will bring us above 450 towards 500 by Wednesday.

He didn't say which week.

[pjviitas]

Fucking bears.

It went down to $336,-

Still they be: UGH, I WANT IT TO GO LOWER. I GOT SO MUCH MONEY TO SPEND ON BITCOINS, LIKE OMG. Shut the fuck up already. It's been at $336,-. You missed it. Bad luck. Get your BEAR balls together(if you even have some balls) and get the fuck in.

Honestly, all this bullshit talk about wanting to have cheap coins. All a sudden it's at $336 and they still DONT fucking buy coins. Your fake, seriously.. fake.

The hard reality is that Bitcoin is just not that attractive once you start to use it.

If you use it as a currency you need to pay to get it like any other foreign currency.  It's like converting my CAD to USD just to spend my CAD.

If you use it as an investment it's really no different than many other investments.  It has it's heyday and it has its lows and everything in between.

If you use it as a speculative instrument you had better know what your doing.  Some of the commentary on trollbox even leaves day-traders baffled.

If you want to mine it then your too late.  You can't put more than about 1TH/s on one 15A breaker...how many spare 15A breakers do you think your have in your home?

So what's Bitcoin worth to me?  I say single digits...if it went into the single digits then I could justify getting back in.  Until then I am going to just sit back and watch the fireworks...I love the Bitcoin drama...I mean you can't buy tickets to this kind of entertainment.

On a positive note, I think the biggest impact from Bitcoin will be the actual protocol.  Governments, banks and retailers will use this protocol to their advantage in some way to streamline international transactions.

Just my 2 cents

[Davyd05]

EDIT:   can't see us hitting $450 anytime soon.

wednesday

Thanks for the reply

"Wednesday"  on it's own doesn't really help me see your opinion.

pretty clear he thinks buying pressures will bring us above 450 towards 500 by Wednesday.

He didn't say which week.

the little trolls like this make waking up worthwhile...come on man... when some refers to a day of the week that is ahead of us it assumed to be the closet day which would be this coming week. Unless it was Wednesday today then it would be next week........

[roslinpl]

Looking at charts while listening to Massive Attack - Angel and suddenly I saw something really interesting ...

... a price drop ...

[jonoiv]

EDIT:   can't see us hitting $450 anytime soon.

wednesday

Thanks for the reply

"Wednesday"  on it's own doesn't really help me see your opinion.

pretty clear he thinks buying pressures will bring us above 450 towards 500 by Wednesday.

He didn't say which week.

the little trolls like this make waking up worthwhile...come on man... when some refers to a day of the week that is ahead of us it assumed to be the closet day which would be this coming week. Unless it was Wednesday today then it would be next week........

Maybe relax a little, and don't call people with a different opinion to yourself a troll all the time.  It makes you look vitriolic and bitter.

Where did he indicate the week "ahead"?

As he's a bull, there is a good chance you're right and he meant by next Wednesday the price will be $450.  But it's not possible, to be clear that's what he really meant.

We will all know if he's right on Tuesday..  until then no one's guess is better than anyone else's guess.

[EuroTrash]

pretty clear he thinks buying pressures will bring us above 450 towards 500 by Wednesday.

He didn't say which week.

the little trolls like this make waking up worthwhile...come on man... when some refers to a day of the week that is ahead of us it assumed to be the closet day which would be this coming week. Unless it was Wednesday today then it would be next week........

Oh you come on, have a laugh sometimes. It's your closet day after all

[ChartBuddy]

Explanation

[Davyd05]

pretty clear he thinks buying pressures will bring us above 450 towards 500 by Wednesday.

He didn't say which week.

the little trolls like this make waking up worthwhile...come on man... when some refers to a day of the week that is ahead of us it assumed to be the closet day which would be this coming week. Unless it was Wednesday today then it would be next week........

Oh you come on, have a laugh sometimes. It's your closet day after all

right over my head,

sarcasm really rings hollow over the internet, at the least got to make sure we all know how the days of the week work.

[jonoiv]

pretty clear he thinks buying pressures will bring us above 450 towards 500 by Wednesday.

He didn't say which week.

the little trolls like this make waking up worthwhile...come on man... when some refers to a day of the week that is ahead of us it assumed to be the closet day which would be this coming week. Unless it was Wednesday today then it would be next week........

Oh you come on, have a laugh sometimes. It's your closet day after all

right over my head,

sarcasm really rings hollow over the internet, at the least got to make sure we all know how the days of the week work.

Clearly you need teaching on this.  I'll give it a shot...   it goes something like this.  Every 7 days we are blessed with a brand new Wednesday.  This formula also works if you minus 7 days.

[BitchImightbe]

HODL! 

[EuroTrash]

Someone getting in with 300 coins bid miniwall @ 426 on stamp. Not much selling pressure against it...