tarmi
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March 15, 2015, 04:44:14 AM
Last edit: March 15, 2015, 04:58:03 AM by tarmi

stubborn realistic bulls.

22 mil of usd swaps opened.

ftfy


we will see about them being realistic once bears really start their attack.

I think bulls panic the best and the last.

The only thing I've ever agreed with you about, is the fact that the powers that be will want to squeeze longs eventually. BUT the fact the we had a great capitulation at $160, then a month of sideways action, then 3 weeks now of upwards grind, the best scenario would be to continue up and create even more confidence. This would squeeze most of the shorts out, and create even more longs (during this time I would loan out my USD at a high rate to gain a few %). While the shorts close out as we move up, I would start borrowing coins for extremely cheap rates, but not sell them just yet. The masses will gain confidence and help propel the price and USD rates up. Once we get to high 300s I would drop the hammer, and take most by surprise. I would sell all those coins I borrowed and eat up all the closing longs on the way down. For now, the problem is most of the longs opened were opened under and close to 200, so to close them out we would need to create a lower low, which isn't cheap. Whales have much less to gain now by dumping and squeezing longs, than to move up more and do it later.

The fact that we still have bears around here running their mouths means we are not ready yet for a drop. Once the bears go completely silent... Watch Out!!!



confidence that we will break 300 easily -   ✓

8 mil of new longs opened -   ✓

plenty of cheap coins to borrow -   ✓

bulls thinking that we already had capitulation -  ✓

no cheap dolla' / dolla' going ballistic -  ✓

somebody already hammering the order book -   ✓

Good luck dude!