Ninjastic
PostEdited versionsQuotes to this post
Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
inca
on 30/07/2015, 19:28:23 UTC
Quote from: dreamspark on July 30, 2015, 07:08:16 PM
Quote from: inca on July 30, 2015, 05:13:38 PM
Quote from: Calabi–Yau Manifold on July 30, 2015, 05:08:24 PM
Quote from: dreamspark on July 30, 2015, 04:17:21 PM
We're going down. Target $260 imo.

260? No, but 275-280$ - yes

Funny how the guys who sold are saying the price is dropping. Meanwhile the price is down a whole 2-3 dollars today and flat. Smiley

Shorts up to 11,500. Excellent. A bit more fuel for the permabull party.

Who said I've sold? Its speculation based on my own TA and alaysis.

To back your idea that this is the bottom of this dip come up with something better than shorts at 11.5k.

Shorts are near their lowest levels since dec 14 whereas 30 mill+ of longs is all time high area!

Price movement doesn't happen all in one second. $3 a day for the next week puts us down to around where I have bids and will go long again.

True there is a lot of long leverage in the system. But that is a consistent feature of bitcoin and doesn't necessarily mean we are at extremes. I suspect a lot of the long position on finex is actually held in bitcoin.