Bitcoin Thread

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SaiyanZ said:
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?
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Confirmed. Biggest short squeeze in history is happening right now. Price is soaring before people have time to remove their stops.
 
sucked said:
Cant keep your eye off it now
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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!!!
 
yeah... chomped up my sell order at 88 right before my very eyes before i could even blink, damnit
 
SaiyanZ said:
Confirmed. Biggest short squeeze in history is happening right now. Price is soaring before people have time to remove their stops.
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Why would people remove their stops? That's the point of a stop
 
if you be having balls of steel and like your heart in your mouth... SHORT!!!!..
 
L10Yn said:
Why would people remove their stops? That's the point of a stop
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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.
 
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L10Yn said:
Why would people remove their stops? That's the point of a stop
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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.
 
SaiyanZ said:
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.
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needs a whale buy or sell again -- > small fish will be wary of selling or buying now
 
going to play abit of the fib retrace here -- .38 and .5

lets see if we get a bounce - if not this all fake
 
Zulfi said:
dude! where have you been?!! trust BTC to react this way to your resurfacing!
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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. :p

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.
 
*SynergyX* said:
needs a whale buy or sell again -- > small fish will be wary of selling or buying now
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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.
 
Voicy said:
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. :p

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.
Click to expand...

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.
 
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