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

[fonzie]

Triple (chinese) top in the making! Get ready for the dump!   




Next 12h are critical!

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[iram3130]

I dont understand, I can see longs with the buys appearing but I don't see any huge sells with the kind of these shorts (+20K BTC), I just don't get it.

Same here, market movement is really not looking shortish at all.
Behaving normal.

[Wandererfromthenorth]

One thing is for sure, nobody actually shorted those 3k BTC just now that made the quantity of BTC swaps go from 17k to 20k and then back to 17k.

[Newbie1022]

One thing is for sure, nobody actually shorted those 3k BTC just now that made the quantity of BTC swaps go from 17k to 20k and then back to 17k.

I have been wondering about this as well. I wonder if this only account for shorts OR also includes swaps reserved for shorting. If the latter, they might be accumulating swaps (ammo) to do a big market sell-off in one or a few furious blows.

That's what I wonder. I really don't know. Does anybody else. If I knew I would have entered a position one way or another by now.

[noobtrader]

Well, rather have a ton of 'selfish' people helping out the needy, than having more people lke you, doing nothing and posting about how stupid those helping people actually are.

Don't give me a fish but teach me how to fish, you know the pathetic religion ideology of helping which is to give a drop of what you really need (food, shelter, clothing...) and tell you how would your life get  easier if you joined the religion(Christian, Islamic, Jewish....), a desperate person in need would do anything, heck people usually sell their daughters and wives and do what you cant even imagine just to be able to eat, so when this kind of people show up there they seem like savors... they offer them the perfect delusion.


in developed countries, where this kind of people are losing their authenticity and people usually call their shit off,  they teach the people in need skills that could change their lives, they give them a start with a plan to change their lives so with the education and the new skills you wont be surprised when the same people they were in need come to help others people in need in short matter of time.

if you help someone, try to help in a way that he would be able to help others in the future, it doesn't have to be only money or food or clothing, but knowledge is priceless.

agree
yes, teach them all about bitcoin.

[grappa_barricata]

One thing is for sure, nobody actually shorted those 3k BTC just now that made the quantity of BTC swaps go from 17k to 20k and then back to 17k.

The swap stats are delayed... they are updated every hour as far as i know. That being said, in the last 4 hours there has not be enough volume to justify this (only ~1400BTC exchanged).

[grappa_barricata]

One thing is for sure, nobody actually shorted those 3k BTC just now that made the quantity of BTC swaps go from 17k to 20k and then back to 17k.

I have been wondering about this as well. I wonder if this only account for shorts OR also includes swaps reserved for shorting. If the latter, they might be accumulating swaps (ammo) to do a big market sell-off in one or a few furious blows.

That's what I wonder. I really don't know. Does anybody else. If I knew I would have entered a position one way or another by now.

They say 'sum of active swaps'. I think this include only swaps actually used in a position, and not the reserved ones.

[ChartBuddy]

Explanation

[janos666]

I dont understand, I can see longs with the buys appearing but I don't see any huge sells with the kind of these shorts (+20K BTC), I just don't get it.

On Bitfinex, you can either shortsell and let the system to automatically take care about choosing the swap offer(s) with the lowest interest rate(s) available at the time (and optionally below a manually set interest rate limit) in the background or you can borrow BTC manually for later use (or return if you change your mind and decide not to sell the borrowed coins), effectively securing certain amount of coins for short selling on demand (you won't unexpectedly run out of coins to sell in the middle of the action).

A huge amount of unspent swap at high interest rate is dubious.
I guess either somebody tries to trick the legit short sellers to close their positions (due to the increased interest rates and the confusion about the overall long/short landscape), effectively causing or supporting a mini-pump, or somebody is getting ready to push the price down and/or mitigate a suspected mini-pump attempt.
Or it's all just piggy-backing. Somebody started to short and everybody followed until it went too far. May be somebody tried to encourage piggy-backing by borrowing but not spending the swap, just to force-close the resulting shorts later (jump back to no.1).

I am not sure but I am starting to get a little uncomfortable about my opened short position. But I am not panicking, yet.

[Tzupy]

I dont understand, I can see longs with the buys appearing but I don't see any huge sells with the kind of these shorts (+20K BTC), I just don't get it.

On Bitfinex, you can either shortsell and let the system to automatically take care about choosing the swap offer(s) with the lowest interest rate(s) available at the time (and optionally below a manually set interest rate limit) in the background or you can borrow BTC manually for later use (or return if you change your mind and decide not to sell the borrowed coins), effectively securing certain amount of coins for short selling on demand (you won't unexpectedly run out of coins to sell in the middle of the action).

A huge amount of unspent swap at high interest rate is dubious.
I guess either somebody tries to trick the legit short sellers to close their positions (due to the increased interest rates and the confusion about the overall long/short landscape), effectively causing or supporting a mini-pump, or somebody is getting ready to push the price down and/or mitigate a suspected mini-pump attempt.
Or it's all just piggy-backing. Somebody started to short and everybody followed until it went too far. May be somebody tried to encourage piggy-backing by borrowing but not spending the swap, just to force-close the resulting shorts later (jump back to no.1).

I am not sure but I am starting to get a little uncomfortable about my opened short position. But I am not panicking, yet.

Thank you sir.

[rebuilder]

They say 'sum of active swaps'. I think this include only swaps actually used in a position, and not the reserved ones.

I wouldn't be so sure. "Active" to me seems like the counterpart to a swap offer not yet taken.

[Tzupy]

Waiting for the market to regain some bullishness...

And, who said that it is impossible to herd cats? 

Thanks for this:  I just witnessed "on the internet" that it is possible to herd cats.

I have another one, with more herded kittens.

[Wandererfromthenorth]

One thing is for sure, nobody actually shorted those 3k BTC just now that made the quantity of BTC swaps go from 17k to 20k and then back to 17k.

I have been wondering about this as well. I wonder if this only account for shorts OR also includes swaps reserved for shorting. If the latter, they might be accumulating swaps (ammo) to do a big market sell-off in one or a few furious blows.

That's what I wonder. I really don't know. Does anybody else. If I knew I would have entered a position one way or another by now.

They say 'sum of active swaps'. I think this include only swaps actually used in a position, and not the reserved ones.

No it's just the reserved ones, we technically don't know how much of those are used in positions.

[noma]

Am... at what price mining won't be profitable anymore?  

for massive industrial sized farms ?

390

Around 350 would be right.  But I think, for the chinese it is around less than 300.

[adamstgBit]

the next few hours are potentially the most critical hours of all time.

just say'n

[Newbie1022]

One thing is for sure, nobody actually shorted those 3k BTC just now that made the quantity of BTC swaps go from 17k to 20k and then back to 17k.

I have been wondering about this as well. I wonder if this only account for shorts OR also includes swaps reserved for shorting. If the latter, they might be accumulating swaps (ammo) to do a big market sell-off in one or a few furious blows.

That's what I wonder. I really don't know. Does anybody else. If I knew I would have entered a position one way or another by now.

They say 'sum of active swaps'. I think this include only swaps actually used in a position, and not the reserved ones.

No it's just the reserved ones, we technically don't know how much of those are used in positions.

Oh Jesus. Really. Jesus, Jesus, Jesus... Jesus, Mary, Joseph, and all of the Saints... and Jesus.

[Thomas-s]

the next few hours are potentially the most critical hours of all time.

just say'n

This.
The next few hours are actually very critical.

[rebuilder]

Btw, the BTC interest rate bumped up slightly late saturday UTC, then jumped to the current levels between 03:30-09:30 UTC, sunday.

You know what that means.

The swaps are being used to foil jonoiv's prediction of 377 USD/BTC by monday.

[JorgeStolfi]

Don't give me a fish but teach me how to fish

The saying was "give a man a fish and you feed him for a day; teach a man to fish and you feed him for a lifetime".  Note the subtle diference -- no "don't" there...

[BldSwtTrs]

Do you guys think the next few hours are critical?