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

[Sandia]

hopefully the shorts get squeezed soon...not even enough in the orderbook on bfx to close them all...
if we go up it could get really quick

I don´t think this is going to happen as there are even more longs open. With USD 19 mln open this translates at current prices to more than 40.000 BTC (Not taking long positions in LTC into consideration). Bid side is only 26.000 coins to EUR 50....
Some will equal each other out, but then there will be still more longs to bring us rather down...

Keep in mind, many of those longs are the bids at 452 and below; compare the order books at Stamp and Bfx.  Even in this thread, people are talking about reserving 30 day swaps because the rate is so low.  That shows up as long swaps, even if no coins have been purchased.

I really, really, can't imagine anyone opening a new short when they could be squeezed so easily with nowhere to dump their position.  If a squeeze starts, they will be competing with me and everyone else here to buy. 9400 coins to $4800, 10,200 10,314 shorts open....let that sink in.  And then think about the whale that dumped 7k coins last month to squeeze the longs.

So this is clear: I hope no one changes their short position.  This could be unbelievably fun.


Edit: I would think that many stops are hidden behind the walls.  That is where I would set a stop; if there is enough buying pressure to break thru, then I misjudged the market.



So it would take 28-2900 coins in buys to cause a major squeeze.  Anyone have $1.4M?

[ChartBuddy]

Explanation

[PoS]

Meanwhile  in Darkcoin land, such volume, world dominance

[razorramon]

hopefully the shorts get squeezed soon...not even enough in the orderbook on bfx to close them all...
if we go up it could get really quick

I don´t think this is going to happen as there are even more longs open. With USD 19 mln open this translates at current prices to more than 40.000 BTC (Not taking long positions in LTC into consideration). Bid side is only 26.000 coins to EUR 50....
Some will equal each other out, but then there will be still more longs to bring us rather down...

Keep in mind, many of those longs are the bids at 452 and below; compare the order books at Stamp and Bfx.  Even in this thread, people are talking about reserving 30 day swaps because the rate is so low.  That shows up as long swaps, even if no coins have been purchased.

I really, really, can't imagine anyone opening a new short when they could be squeezed so easily with nowhere to dump their position.  If a squeeze starts, they will be competing with me and everyone else here to buy. 9400 coins to $4800, 10,200 10,314 shorts open....let that sink in.  And then think about the whale that dumped 7k coins last month to squeeze the longs.

So this is clear: I hope no one changes their short position.  This could be unbelievably fun.

that's what i thought of...at a certain point there will be a lot of buying pressure...
-shorts that need to be closed
-individuals that want to buy
-newbies that want to buy
-whales that want to buy
-people who want margin long

[fonzie]

hopefully the shorts get squeezed soon...not even enough in the orderbook on bfx to close them all...
if we go up it could get really quick

I don´t think this is going to happen as there are even more longs open. With USD 19 mln open this translates at current prices to more than 40.000 BTC (Not taking long positions in LTC into consideration). Bid side is only 26.000 coins to EUR 50....
Some will equal each other out, but then there will be still more longs to bring us rather down...

Keep in mind, many of those longs are the bids at 452 and below; compare the order books at Stamp and Bfx.  Even in this thread, people are talking about reserving 30 day swaps because the rate is so low.  That shows up as long swaps, even if no coins have been purchased.

I really, really, can't imagine anyone opening a new short when they could be squeezed so easily with nowhere to dump their position.  If a squeeze starts, they will be competing with me and everyone else here to buy. 9400 coins to $4800, 10,200 10,314 shorts open....let that sink in.  And then think about the whale that dumped 7k coins last month to squeeze the longs.

So this is clear: I hope no one changes their short position.  This could be unbelievably fun.

+1
The price might fall to 430-450$ before and the shorts might even increase to 12-15000 BTC, but the next big move will definitely be a short squeeze. It´s written all over the place.

[Hfertig]

hopefully the shorts get squeezed soon...not even enough in the orderbook on bfx to close them all...
if we go up it could get really quick

I don´t think this is going to happen as there are even more longs open. With USD 19 mln open this translates at current prices to more than 40.000 BTC (Not taking long positions in LTC into consideration). Bid side is only 26.000 coins to EUR 50....
Some will equal each other out, but then there will be still more longs to bring us rather down...

Keep in mind, many of those longs are the bids at 452 and below; compare the order books at Stamp and Bfx.  Even in this thread, people are talking about reserving 30 day swaps because the rate is so low.  That shows up as long swaps, even if no coins have been purchased.

I really, really, can't imagine anyone opening a new short when they could be squeezed so easily with nowhere to dump their position.  If a squeeze starts, they will be competing with me and everyone else here to buy. 9400 coins to $4800, 10,200 10,314 shorts open....let that sink in.  And then think about the whale that dumped 7k coins last month to squeeze the longs.

So this is clear: I hope no one changes their short position.  This could be unbelievably fun.


Edit: I would think that many stops are hidden behind the walls.  That is where I would set a stop; if there is enough buying pressure to break thru, then I misjudged the market.



So it would take 28-2900 coins in buys to cause a major squeeze.  Anyone have $1.4M?

Very true statement. But there are enough bitcoins borrowed which are currently not used in a margin short position either. And that at much cheaper rates.

[macsga]

i dont even understand how satoshi being dox would effect the price at all

Satoshi e-mail hack won't directly influence the bitcoin market, because hacker won't find private keys in Satoshi's inbox, hacker doesn't have access to Satoshi's bitcoin wallet.

On the other hand, Satoshi's e-mail hack can indirectly influence the bitcoin market because Satoshi identity might be revealed. People could be satisfied with the info who Satoshi is (crypto-anarchist, God...), also could be unsatisfied with the info who Sathoshi is (some corrupted corporation, NSA, CIA...) and that could influence direction where we are heading.

At the end, if you worry too much, this news is probably nothing.

There's a big difference between someone declaring that he actually hacked an email account and that email account to actually worth anything. Satoshi is nowhere to be found and certainly he won't reveal himself for 25BTCs...

[razorramon]

hopefully the shorts get squeezed soon...not even enough in the orderbook on bfx to close them all...
if we go up it could get really quick

I don´t think this is going to happen as there are even more longs open. With USD 19 mln open this translates at current prices to more than 40.000 BTC (Not taking long positions in LTC into consideration). Bid side is only 26.000 coins to EUR 50....
Some will equal each other out, but then there will be still more longs to bring us rather down...

Keep in mind, many of those longs are the bids at 452 and below; compare the order books at Stamp and Bfx.  Even in this thread, people are talking about reserving 30 day swaps because the rate is so low.  That shows up as long swaps, even if no coins have been purchased.

I really, really, can't imagine anyone opening a new short when they could be squeezed so easily with nowhere to dump their position.  If a squeeze starts, they will be competing with me and everyone else here to buy. 9400 coins to $4800, 10,200 10,314 shorts open....let that sink in.  And then think about the whale that dumped 7k coins last month to squeeze the longs.

So this is clear: I hope no one changes their short position.  This could be unbelievably fun.


Edit: I would think that many stops are hidden behind the walls.  That is where I would set a stop; if there is enough buying pressure to break thru, then I misjudged the market.



So it would take 28-2900 coins in buys to cause a major squeeze.  Anyone have $1.4M?

Very true statement. But there are enough bitcoins borrowed which are currently not used in a margin short position either. And that at much cheaper rates.

sounds like a smart move to trade against the wind if the market moves against you just because you borrowed them so cheap

[N12]

hopefully the shorts get squeezed soon...not even enough in the orderbook on bfx to close them all...
if we go up it could get really quick

I don´t think this is going to happen as there are even more longs open. With USD 19 mln open this translates at current prices to more than 40.000 BTC (Not taking long positions in LTC into consideration). Bid side is only 26.000 coins to EUR 50....
Some will equal each other out, but then there will be still more longs to bring us rather down...

Keep in mind, many of those longs are the bids at 452 and below; compare the order books at Stamp and Bfx.  Even in this thread, people are talking about reserving 30 day swaps because the rate is so low.  That shows up as long swaps, even if no coins have been purchased.

I really, really, can't imagine anyone opening a new short when they could be squeezed so easily with nowhere to dump their position.  If a squeeze starts, they will be competing with me and everyone else here to buy. 9400 coins to $4800, 10,200 10,314 shorts open....let that sink in.  And then think about the whale that dumped 7k coins last month to squeeze the longs.

So this is clear: I hope no one changes their short position.  This could be unbelievably fun.

+1
The price might fall to 430-450$ before and the shorts might even increase to 12-15000 BTC, but the next big move will definitely be a short squeeze. It´s written all over the place.

It does look like shorts are overextending themselves. They're starting to behave like the maniac margin bulls did.

[Hfertig]

hopefully the shorts get squeezed soon...not even enough in the orderbook on bfx to close them all...
if we go up it could get really quick

I don´t think this is going to happen as there are even more longs open. With USD 19 mln open this translates at current prices to more than 40.000 BTC (Not taking long positions in LTC into consideration). Bid side is only 26.000 coins to EUR 50....
Some will equal each other out, but then there will be still more longs to bring us rather down...

Keep in mind, many of those longs are the bids at 452 and below; compare the order books at Stamp and Bfx.  Even in this thread, people are talking about reserving 30 day swaps because the rate is so low.  That shows up as long swaps, even if no coins have been purchased.

I really, really, can't imagine anyone opening a new short when they could be squeezed so easily with nowhere to dump their position.  If a squeeze starts, they will be competing with me and everyone else here to buy. 9400 coins to $4800, 10,200 10,314 shorts open....let that sink in.  And then think about the whale that dumped 7k coins last month to squeeze the longs.

So this is clear: I hope no one changes their short position.  This could be unbelievably fun.


Edit: I would think that many stops are hidden behind the walls.  That is where I would set a stop; if there is enough buying pressure to break thru, then I misjudged the market.



So it would take 28-2900 coins in buys to cause a major squeeze.  Anyone have $1.4M?

Very true statement. But there are enough bitcoins borrowed which are currently not used in a margin short position either. And that at much cheaper rates.

sounds like a smart move to trade against the wind if the market moves against you just because you borrowed them so cheap

Same is true for the people who borrowed "cheap" USD.  Not sure what you mean with "trade against the wind". The overall trend over the last a few month has been down.

[mmitech]

someone would expect the price to go up after the Paypal news, or was it priced in already ?

[razorramon]

sounds like a smart move to trade against the wind if the market moves against you just because you borrowed them so cheap

Same is true for the people who borrowed "cheap" USD.  Not sure what you mean with "trade against the wind". The overall trend over the last a few month has been down.

ah sorry i misread your posting...

anyway...we will see where the market is moving

[fonsie]

not to bull scammers like fonsie and others, they are still trying to fool people to buy, lets stop their cheating plan

Time will tell, who is the scammer... my gut says it's going to be you. Oh and for the record, I never said that people should buy now, they should decide that for themselves, only you are screaming to people that they should "cut loose".

Could you please answer the following question, instead of ignoring like the previous times.

If bitcoin is going nowhere but down, because insiders are selling, what are you trying to achieve by spending all of your time here? Say it once, come back when it hits 0$... No?? In the meantime you could have taken some English lessons.

Just as I expected, fallling keeps his mouth shut, because he has no idea to defend his nonsense.

[wachtwoord]

someone would expect the price to go up after the Paypal news, or was it priced in already ?

This has been going on for months now. Value is improving (so I'm happy) but price is completely disconnected from value in the short run.

[Hfertig]

sounds like a smart move to trade against the wind if the market moves against you just because you borrowed them so cheap

Same is true for the people who borrowed "cheap" USD.  Not sure what you mean with "trade against the wind". The overall trend over the last a few month has been down.

ah sorry i misread your posting...

anyway...we will see where the market is moving

Thought so... Agree again. It will be very interesting !  

[NotLambchop]

someone would expect the price to go up after the Paypal news, or was it priced in already ?

This has been going on for months now. Value is improving (so I'm happy) but price is completely disconnected from value in the short run.

That's because disruptive technology--old-fashioned economic modeling is obsolete

[wachtwoord]

someone would expect the price to go up after the Paypal news, or was it priced in already ?

This has been going on for months now. Value is improving (so I'm happy) but price is completely disconnected from value in the short run.

That's because disruptive technology--old-fashioned economic modeling is obsolete

nah, in the short term mr Market is crazy in the "old fashioned" economy as well. It's just that people can be really ignorant. And what makes up the market? That's right!

[mah87]

someone would expect the price to go up after the Paypal news, or was it priced in already ?

Bitcoin is HUGELY overpriced, buy over 100$ is being an absolute dummy

[wachtwoord]

someone would expect the price to go up after the Paypal news, or was it priced in already ?

Bitcoin is HUGELY overpriced, buy over 100$ is being an absolute dummy

This Ripple loving guy is so confused

[tarmi]

someone would expect the price to go up after the Paypal news, or was it priced in already ?

I think paypal is already priced in, but not the way people would expect: smart money already shorted in anticipation of this news.