Shorts going down!

[knight22]

Shorts on Bitfinex are almost 15K down from the previous week all time high.

[inca]

Shorts on Bitfinex are almost 15K down from the previous week all time high.

Almost back to where they spent the vast majority of 2014 then

[derpinheimer]

Bullish, because bearish sentiment is declining
Bearish, because.. bears could open a shit ton 'a shorts, and shorts closing are somewhat responsible for the price increase
Bullish because longs are also relatively low

Overall seems neutral to me.. but if there is another bear attack, could be very bad.

[ivyleague1985]

Bullish, because bearish sentiment is declining
Bearish, because.. bears could open a shit ton 'a shorts, and shorts closing are somewhat responsible for the price increase
Bullish because longs are also relatively low

Overall seems neutral to me.. but if there is another bear attack, could be very bad.

The bullish rally is a self-reinforcing trend, coz all the bears that are forced to cover will have fewer and fewer ammos (i.e. money). They took a hit when we rallied from $16x to $275 now.

If there is NO new money to join into the bear camp, the bullish rally will keep playing and the bearish counter-attacks can only serve the purpose of self-rescuing but not the purpose of reversing the trend again.

[NotHatinJustTrollin]

Shorts being wiped out in the last pump?

Part of the pump was shorts being closed not BTC being bought.
Shorts can have a nice reset.
Market doesn't have much shorts to squeeze anymore.

Incredibly bearish  

[knight22]

Shorts being wiped out in the last pump?

Part of the pump was shorts being closed not BTC being bought.
Shorts can have a nice reset.
Market doesn't have much shorts to squeeze anymore.

Incredibly bearish  

Shorting at the bottom of a new bull trend is not a clever thing to do 

[derpinheimer]

Shorts being wiped out in the last pump?

Part of the pump was shorts being closed not BTC being bought.
Shorts can have a nice reset.
Market doesn't have much shorts to squeeze anymore.

Incredibly bearish  

I'mma have to agree. BFX is ready to cascade downwards.

[NotLambchop]

Shorts being wiped out in the last pump?

Part of the pump was shorts being closed not BTC being bought.
Shorts can have a nice reset.
Market doesn't have much shorts to squeeze anymore.

Incredibly bearish  

Shorting at the bottom of a new bull trend is not a clever thing to do 

>new bull trend

[oblivi]

Bullish, because bearish sentiment is declining
Bearish, because.. bears could open a shit ton 'a shorts, and shorts closing are somewhat responsible for the price increase
Bullish because longs are also relatively low

Overall seems neutral to me.. but if there is another bear attack, could be very bad.

Bear attack back to 170ish so old money can enter once the Coinbase+ Gemini exchanges open. Whatcha say?

[spazzdla]

Bullish, because bearish sentiment is declining
Bearish, because.. bears could open a shit ton 'a shorts, and shorts closing are somewhat responsible for the price increase
Bullish because longs are also relatively low

Overall seems neutral to me.. but if there is another bear attack, could be very bad.

Bear attack back to 170ish so old money can enter once the Coinbase+ Gemini exchanges open. Whatcha say?

Perfect timing one would say.

Sub $100 incoming IMO. 

[inca]

Bullish, because bearish sentiment is declining
Bearish, because.. bears could open a shit ton 'a shorts, and shorts closing are somewhat responsible for the price increase
Bullish because longs are also relatively low

Overall seems neutral to me.. but if there is another bear attack, could be very bad.

Bear attack back to 170ish so old money can enter once the Coinbase+ Gemini exchanges open. Whatcha say?

Perfect timing one would say.

Sub $100 incoming IMO. 

At least you are consistent..