Am I the only one that sees we are overbought.
Bitstamp is overbought but being manipulated up; BFX is still oversold.
And why you think so about stamp? Fall from 380$ to 275$ was manipulated... this is just a return back. It is known there is much more fiat on stamp as orderbook shows it. This push back is a correction after quick rise.
I agree about bitfinex. Shorts are at ATH, while number of longs is still low. When the shorts get burned the real panic buying will start. My guess is 390-395$ is the level where squeeze will happen.
I suppose I shouldnt call bitstamp overbought; just "neutral", but it would be my opinion that they are overdue for some selling. That market still seems to be suffering deer-in-headlights after mega-whale. Bid depth is pretty poor and ask walls pop up at every corner. But no one ever really sells. The fact they hold over BFX (which is clearly oversold) says, to me, that they are being manipulated up.
Cant really dispute the short/long info tho.