Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
hopefully the shorts get squeezed soon...not even enough in the orderbook on bfx to close them all...
if we go up it could get really quick
if we go up it could get really quick
I don´t think this is going to happen as there are even more longs open. With USD 19 mln open this translates at current prices to more than 40.000 BTC (Not taking long positions in LTC into consideration). Bid side is only 26.000 coins to EUR 50....
Some will equal each other out, but then there will be still more longs to bring us rather down...
but how many of those longs are in a huge plus? thousands of shorts were opened in the last days (and didn't bring us to 420) ...i guess those are the ones that would change their mind immediately if we rise above a certain level (maybe 475?)
I think that a rise to 475 will be used to reopen the shorts which were were closed at 465. This is what I am going to do
