Post
Topic
Board Speculation
Re: rpietila Wall Observer - the Quality TA Thread ;)
by
oyvinds
on 02/09/2014, 10:26:07 UTC
I believe we have before us the opportunity to forge - for fun and for profit - an epic short squeeze.

http://btccharts.everdot.org/.bitcontalk/470_1600.png

* 1600 BTC sold short at $469/$470
* Flash pool at BFX as good as empty (shorts can currently add 2-300 BTC before there will be no more shorting)
* Total amount of shorts is at a record 9,249.08 BTC

It must be remembered that you can easily squeeze shorts but you can not squeeze SELLERS. Still, I do believe we have an opportunity here.

All we need is the right major crisis and the nations will accept the GNU World Order.

Have you bought this account recently?  Huh

We short term traders are not very consistent, now are we? That being said, I honestly do believe this is a long-term bear-market. Look at the daily. Are we above ATH? No, we are not. Do we have higher highs and higher lows? No, we do not. Bear-markets do tend to have counter-rallies before falling down again and there is nothing wrong with riding those waves. Smiley