hdbuck
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July 12, 2015, 12:52:00 PM

So who really expects downward pressure?

if this shows any signs of weakens at this point I am short.

This pump was leaded by LTC and will likely follow the pattern for my understanding...
The squeeze potential is quiet big right now..

Squeeze of what? The majority of the leveraged long position has been locked in since the low 200's, probably a huge BTC stash from an early adopter / miner. In fact the long position is falling as the price rises.

Profit taking is natural. But shorting every rise would have stung traders very badly for the last 6 weeks. If the price really starts moving then literally anything could happen and shorting without risk management is cray cray.
 
Technical traders are looking to get in at a decent entry. I am just enjoying the 3 at the beginning of the price Smiley


Well, this is not going to go up forever like this. That's not how markets behave.


ltc already pumped up to >5$ agian. should xpect some shortings to go btc long.