Bitcoin Thread

[SaiyanZ]

Just noticed that short positions are through the roof now whilst we have been going mostly sideways. Up 30% in the last week and the graph has gone parabolic. So I guess that the $7.2k region is loaded with stop losses.

https://www.tradingview.com/symbols/BTCUSDSHORTS/

Will the price now drop like people expect or do we have the biggest short squeeze in history?

Confirmed. Biggest short squeeze in history is happening right now. Price is soaring before people have time to remove their stops.

 

[*SynergyX*]

8000 usd almost

wrong

 

[sucked]

Cant keep your eye off it now

 

[*SynergyX*]

Cant keep your eye off it now

pointless keeping eye on it though -- any chart indicators or patterns are FUBAR, until it settles.

also resistance and supports wont mean much.

whats interesting is alot of people would have had limit sells between 7200-7500 without stops above.
#REKT!!!

 

[voldoverse]

yeah... chomped up my sell order at 88 right before my very eyes before i could even blink, damnit

 

[The_Mowgs]

So hold or sell now?

 

[Gtx Gaming]

So hold or sell now?

Looks like bull trap, USA traders are sleeping. Will wait to see what they do.

 

[L10Yn]

Confirmed. Biggest short squeeze in history is happening right now. Price is soaring before people have time to remove their stops.

Why would people remove their stops? That's the point of a stop

 

[*SynergyX*]

if you be having balls of steel and like your heart in your mouth... SHORT!!!!..

 

[saor]

also resistance and supports wont mean much.

The daily chart is still well within that upper and lower line, closing in now. Something has to happen soon...

 

[*SynergyX*]

Why would people remove their stops? That's the point of a stop

yeah but remember stops are not guaranteed. if price moves like it did a lot of those stops are left behind. leaving accounts in the red.

ohhh i can just smell the margin calls. especially on the bittrex leveraged accounts.

 

[*SynergyX*]

The daily chart is still well within that upper and lower line, closing in now. Something has to happen soon...

View attachment 514439

yeah on the daily its still in range .. shorter day trading time frames are rekt

 

[SaiyanZ]

Why would people remove their stops? That's the point of a stop

Yeah I guess. Although sometimes people will decide to move it further away from the price if they think it will fall again.


I think we will have another trip above $8k shortly to kill the guys who shorted it again.

 

[*SynergyX*]

Yeah I guess. Although sometimes people will decide to move it further away from the price if they think it will fall again.


I think we will have another trip above $8k shortly to kill the guys who shorted it again.

needs a whale buy or sell again -- > small fish will be wary of selling or buying now

 

[Voicy]

I promise I had nothing to do with this. :crylaugh:

 

[Zulfi]

I promise I had nothing to do with this. :crylaugh:

dude! where have you been?!! trust BTC to react this way to your resurfacing!

 

[*SynergyX*]

going to play abit of the fib retrace here -- .38 and .5

lets see if we get a bounce - if not this all fake

 

[Voicy]

dude! where have you been?!! trust BTC to react this way to your resurfacing!

Haha nah dude I'm lurking. You'll notice I've been quiet on the BTC threads ever since I bought a ledger and locked away my crypto to forget about it.

It's kept me sane through these troubling times.

I'll tell you one thing. Having my coins locked up out of reach has been a godsend since I wasn't able to panic sell at any point. I hope you've been learning from the forums since last we spoke.

 

[SaiyanZ]

needs a whale buy or sell again -- > small fish will be wary of selling or buying now

I expect they will wait a little while to see how far it goes down before jumping in again and kicking off the next push.

The only question is whether we we will form a bull flag or larger ascending wedge over the next couple days with these movements.

 

[Zulfi]

Haha nah dude I'm lurking. You'll notice I've been quiet on the BTC threads ever since I bought a ledger and locked away my crypto to forget about it.

It's kept me sane through these troubling times.

I'll tell you one thing. Having my coins locked up out of reach has been a godsend since I wasn't able to panic sell at any point. I hope you've been learning from the forums since last we spoke.

yeah def!! i managed to trade and increase my BTC ONCE... after that, i been HODL'ing like crazy.. lurking too..

last few months been crazy.. i just held on - gonna keep on.