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

[scarsbergholden]

https://bitcointalk.org/index.php?topic=787222.msg8880617#msg8880617

If this doesn't pick up momentum to the upside soon, this is actually a very bad sign. A short squeeze is to be expected -- but if this is true and we don't reverse.... add another 2k BTC in leveraged longs waiting to be dumped....

[1714930005]

1714930005

[1714930005]

1714930005

[1714930005]

1714930005

[MICRO]

Damn this is painful , i have just 1btc, i need to sell it coz i need cash but i can't sell it at this price, i want MOAR! . PAIN , PAIN , PAIN !

I hope everybody got theirs "cheep" coins and it can spring up !

[scarsbergholden]

V bottoms need volume, and frankly this has got to go deeper to find it. Usually V bottoms are accompanied by a massive spike in sell volume that indicates exhaustion. We see nothing like that here.

[empowering]

I am starting to get bored again  ....  come on damn it.... bring it ON .... I need my fix... hit me ...

[twiifm]

https://bitcointalk.org/index.php?topic=787222.msg8880617#msg8880617

If this doesn't pick up momentum to the upside soon, this is actually a very bad sign. A short squeeze is to be expected -- but if this is true and we don't reverse.... add another 2k BTC in leveraged longs waiting to be dumped....

There's not gonna be a short squeeze cause its not easy to short BTC.  These are real sellers

[scarsbergholden]

https://bitcointalk.org/index.php?topic=787222.msg8880617#msg8880617

If this doesn't pick up momentum to the upside soon, this is actually a very bad sign. A short squeeze is to be expected -- but if this is true and we don't reverse.... add another 2k BTC in leveraged longs waiting to be dumped....

There's not gonna be a short squeeze cause its not easy to short BTC.  These are real sellers

There are always short squeezes. If you look at bfxdata, we often see shorts increasing while the price is moving down -- then when we bounce, short swaps spike down. This is a short squeeze. A short squeeze can be just a little spike -- it has nothing to do with a reversal.

[Sandia]

https://bitcointalk.org/index.php?topic=787222.msg8880617#msg8880617

If this doesn't pick up momentum to the upside soon, this is actually a very bad sign. A short squeeze is to be expected -- but if this is true and we don't reverse.... add another 2k BTC in leveraged longs waiting to be dumped....

There's not gonna be a short squeeze cause its not easy to short BTC.  These are real sellers

I can short 100 coins in about 3 seconds, including changing pages in the browser.

[seleme]

Market in full trolling mode 

[esse83]

Market in full trolling mode 

So much fun! The lower the price the closer we get to the crazy days of early bitcoin. In other words, casino fun!

[MoreFun]

I am starting to get bored again  ....  come on damn it.... bring it ON .... I need my fix... hit me ...

Damn I felt it again after few months... good one

[twiifm]

https://bitcointalk.org/index.php?topic=787222.msg8880617#msg8880617

If this doesn't pick up momentum to the upside soon, this is actually a very bad sign. A short squeeze is to be expected -- but if this is true and we don't reverse.... add another 2k BTC in leveraged longs waiting to be dumped....

There's not gonna be a short squeeze cause its not easy to short BTC.  These are real sellers

There are always short squeezes. If you look at bfxdata, we often see shorts increasing while the price is moving down -- then when we bounce, short swaps spike down. This is a short squeeze. A short squeeze can be just a little spike -- it has nothing to do with a reversal.

What's the short interest then?  The only place you can short is bitfinex.  And that's just one exchange.  If those short positions get squeezed (from rising price).  Doubt they would be enough volume to cause lift-off

[yokosan]

https://blockchain.info/charts/n-transactions-excluding-popular/?timespan=180days&showDataPoints=false&daysAverageString=14&show_header=true&scale=0&address=

[Gogreen]

The whales are moving in and eating the sharks, lol.

SPIKE!

quite true Haha

[MoreFun]

https://blockchain.info/charts/n-transactions-excluding-popular/?timespan=180days&showDataPoints=false&daysAverageString=14&show_header=true&scale=0&address=

Moon, I'm telling you all. Mooon!!!

Haha 

[scarsbergholden]

https://bitcointalk.org/index.php?topic=787222.msg8880617#msg8880617

If this doesn't pick up momentum to the upside soon, this is actually a very bad sign. A short squeeze is to be expected -- but if this is true and we don't reverse.... add another 2k BTC in leveraged longs waiting to be dumped....

There's not gonna be a short squeeze cause its not easy to short BTC.  These are real sellers

There are always short squeezes. If you look at bfxdata, we often see shorts increasing while the price is moving down -- then when we bounce, short swaps spike down. This is a short squeeze. A short squeeze can be just a little spike -- it has nothing to do with a reversal.

What's the short interest then?  The only place you can short is bitfinex.  And that's just one exchange.  If those short positions get squeezed (from rising price).  Doubt they would be enough volume to cause lift-off

More importantly, you can short on Huobi (BitVC) and OkCoin. Also BTCE through FXopen and MT4. And yeah, that's why "it has nothing to do with a reversal" -- it's just a short squeeze. Not real buy pressure.

[r0ger_l]

do you think Ghash/cex.io had anything to do with today's crash? If you check bitcoinwisdom you will see there is a dump of over 1.2 PH of GHS corresponding just before the BTC dump that caused the price drop.

[empowering]

My monkey... said it wanted to buy again...   http://youtu.be/_Gf_Q7rlhzQ

He acts exactly the same way when it is Bitcoins though..... amount of keyboards he has smashed to bits...

Ah well, monkey was too slow at the  $400-$410 region... says he is not interested now unless we hit the $345.... but says he wants some cocaine and whisky and monkey "bitchez"

Fucking monkeys completely fucking bananas

[Walsoraj]

I'm debating whether to start buying. I may need some "bottom" pics for encouragement. 

[scarsbergholden]

do you think Ghash/cex.io had anything to do with today's crash? If you check bitcoinwisdom you will see there is a dump of over 1.2 PH of GHS corresponding just before the BTC dump that caused the price drop.

Interesting. Are you suggesting that some large miners shut down and are dumping some of their holdings? If we keep on this way, I suppose that's inevitable at some point.

[Davyd05]

Tera where art thou' , bless us with your presence...and insight.