longs going crazy on bitfinex.
go bulls!
Too many longs, too much sell pressure = not good
What we need is a well-planned and real rise
Here we go again...
789 coins in one buy on finex
Wow, some lemming like dolphin went full retard using leverage to panic buy into chinese regular bulltrap before a major post auction dump, cool candidate for btc Darwin award 2015
Warning, there is no post-auction dump
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http://www.reddit.com/r/Bitcoin/comments/2xn3oq/one_year_ago_i_asked_50_bitcoin_experts_what/cp1vnwhI think I have an idea about what is your desktop background
Oh, yet another fake chinese pump before a dump, sheeple do like to follow chinese pied piper.
The question is: why do chinese pumps always happen in the middle of the night in their timezone?
Double bottom at 160 here we come
But what does it MEAN!?
Something is brewing for sure this time
But what does it MEAN!?
Something is brewing for sure this time
It means those who are buying don't have fiat, and those who are selling don't have bitcoin. The majority are leveraged positions which could create some serious volatility due to cascading margin calls.
it means sentiment is going up as price falls.
bitcoiners think down is up
a truly bizarre anomaly
hodl on to your butts, the singularity is forming
What an odd situation hmm?
Let's follow the Winklenerds as a reverse indicator
once all the shorts are in, we should be able to move again.
shorts still increasing, this could take all day...
now >21K coins
good stuff.
Depends, for the bear or the bull?
Phoenix there have been several short squeezes in the last year so not entirely sure what you are prattling about.
I don't think he was prattling about those weeny bounces, where some stupid shorts got burned.
Wasn't he prattling about your EPIC SHORT SQUEEZE, you are promising us now since more than a year? THE ONE short squeeze you are preaching again and again...
If you normalize the BTC short amount on BFXdata with respect to price, i.e. price*amount of BTC short, you will see that we are at a historical all time high in terms of shorted USD-equivalent.
Therefore, a large amount of shorts will cover, leading to an eventual price rise.
This one will be unlike others though, since with this amount of momentum, we will break out of the downtrend resistance line since January 2014
The market is at a turning point at the moment, prepare youselves
