BTC shorts going parabolic and approaching ATH

It’s exactly stop hunting

t. keyboard cowboy

cheers mate

>so in a way its same as stop-hunting?

The inverse of that, essentially. Same outcome going opposite direction.

Not even close to record shorts. The drop is going to 3k.

Yes, successful stop-hunting leads to others positions getting liquidated. But, if there are a lot of these positions, the liquidation of one will trigger a liquidation of another and so on.

Short positions are not falling still though. The event still might not happen if the price goes back down from here.

what are you talking about? it's literally 8% away from ATH and the current candle isn't even wicking.

And still not even really close. Get ready for the true drop.

Holy fuck couldn't get my position filled. It's going up way too fast a minute ago.

If you're on regular exchanges, load up your btc now, wait at least next week.

If you're leveraging, long now at 50x.

Already locked and loaded friend. Where do you think it'll pump to? The 21 day resistance @ 7150-7400 looks pretty strong to me

Alright say 1 BTC is $1000. Theoretically a short is nothing more than me borrowing 1 BTC from you and saying I'll pay you back the 1 BTC in a week. But I don't just hold onto the 1 BTC, I sell it because I think the price will go to $900, and hope to buy back then so I can give you back the 1 BTC I owe you and also pocket the $100 difference.

All the platforms people short on in BTC have like an emergency buyback limit. So say I borrowed 1 BTC from you and sold it, then to limit your risk the exchange says, alright well we will let you borrow that 1 BTC and sell it, but if the price goes over $1500 after you sell then you've fucked up and we are calling an emergency buyback and you will lose all your money. Short squeezes are when all these emergency buybacks get hit in a row.

i wish there were more people like you on Jow Forums

Thanks user

On bitmex longs are at 70%

coinfarm.online/position/position_realtime.asp

What happens if it people short it all the way down to 0? Would the exchange really have to get paid back in all the worthless btc they loaned out?

Thank you sminem your graciousness.

I never understand what shorting and longing is yesterday. After I watched some videos on youtube about margin trading on Bitmex and actually tried it out, I can finally understand what short squeeze was when I read somewhere around twitter.

Honestly, you gotta try margin trading first to know what it all actually means. If you're afraid of losing money on this, register on its testnet.bitmex.com first. It's like opening a demo account with test btc first to try out the platform.

Then go on about learning TAs on BTCUSD and BTCUSDSHORT on TradingView. From there you can compare between those two charts on when pumps and dumps occur at different time.

Looks pretty strong to me too. However have to monitor it time and time not to get rekt.

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That's a bit strange. Do you know if the percentage is related to volume size or to number of positions? Because if it's the former, I think those could be the whales loading up for the breakout.

If it's by number of positions though then I think might be onto something

People are so fucking dumb holy...why would you short after a market crash with no survivors, there's only going up from such a huge sell off.

Why does BTC go up if there is still more than 1 month left for the news of the ETF? This rise is not sustainable until that day (where it will be delayed again)

Manipulation friend. Get in the ride before it goes down further. This might be the last pump before 5k meme bottom.

Sorry, I didn't see the volume ticker. This pretty much confirms that the whale faggots are loading longs up on bitmex right now.

fuck I hope so - I hate those cunts - check r/bitcoinmarkets for the biggest group of faggots

Why do people believe this dogma? Is it really that hard to believe capitulation is over? Is 30% down on average across the entire alt market and a touch of the btc yearly lows not enough for you greedy bears?

You will not see another ATH in Bitcoin until 2021 (check log scale). This is manipulation to liquidate the newbies in Bitmex and probably helped with fake money printed in Tether.

Capitulation will come when you stop browsing in biz

subtle marketing there tyrone

Why are you guys fucking with longs like this. You know they're gonna buy in and panic seel the moment this shit drops back down below 6k. Which if I had to guess will be within the next 48 hours ohh wait that's why. You're shorting. Did everyone get that. All you new guys thinking this pump is gonna be the one? It's not. Buy in and lose. Or just wait it out. I know there's only like 30 people watching this thread but dammit if I'll be the one to let them lose out. Guys. You won't time the bottom but this ain't it and we're not even close. Give it a week

Not the inverse but literally the same.

I don't believe there's new money coming, this shit looks like squeezes to me. People have more or less accepted the dump bus but want to get in too early and too fast and that's why we pump. The way I think is
> Where would price need to go to fuck over people the hardest?
> If it went there, where would it need to go to fuck people even deeper?
Think in pain. It's not comfy but deep down long term most of us are delusionally bullish.

Bitfinex shorts are only the number of shorts open, so theoretically someone can set up 10000 shorts of 1$ each in 10000 different pajeets accounts and give wrong signals to the market. Am I missing something?

yeah you fucking brainlet bitfinex is for accounts over 10.000$

Inside trading, Bitfinex allowed last year to do wash trading, why not?

Actually useful thread
Thank you anons

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that's only for new accounts... also I think you only need to transfer 10k to qualify your acc, then you can withdraw it, and make new accounts.

So sell at $7.5k and wait for the drop?

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>Capitulation will come when you stop browsing in biz
So if he never stops browsing Jow Forums the capitulation will never come? Thank you smart bear!

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Such a long fucking post and nothing of substance was said. Unironically KYS brainlet.

inb4 your short gets liquidated

It's just a metaphor. Normies wouldn't go on looking at their internet magic money every now and then when capitulation really happens. Most probably they hated crypto market already or have sold all their bags at 99% loss.

The exhange does not lend BTC, it facilitates contracts.

Guys, you are correct that things we don't know could theoretically be happening, you can look at funding as well, there are other exchanges, but at some point you have to accept something as representative and there's good BTC volume on Finex. You're not supposed to be nailing down every angle to reach an exact solution, you're betting on probabilities hoping things are a bit less random than usual.

so who has 10.000 bank accounts 10.000 passports for kyc just to give false signals?

every pajeet scam organization with multiple contacts

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what up rajesh

I'd put my sell orders at 7.2 - 7.3k just to be sure

Bitfinex only require ID if you want withdrawal fiat. For short you just require BTC

Unironically a very, very tempting time to buy. Not long-term obviously, but there is no way that so many shorts will be allowed to win.

Looks like it's already done. Lots of downward pressure :(

no, it's the number of BTC that are being shorted right now
>nobody could point this out

I dont know, I could be wrong this smells like a bear trap to push shorts to ATH. If you look at the chart, it's been steadily increasing ever since the red candle started to appear.

Which red candle? What interval do you normally look at? 30 mins?

3BMEXqGpG4FxBA1KWhRFufXfSTRgzfDBhJ

What happened here

the 1 hour. Once again, I could be wrong but I'm not buying that an ATH number of non whale shorts are going to win when they've been demolished every single time in the past

There's been two big red candles already this morning.

Crypto is always interesting at least

You know we are in a bear market when anons patiently spoonfeed Newfags and nobody tries to shill anything.
It's less noisy and comfier than the euphoria phase.
I hope we all make it but I would rather hang out with bear market anons than with bull market anons.
The true believers.
The few..
The proud
The link marines.

Shorts = bets that price will go down. At a market bottom non-commercial shorts are almost always at an ATH

>I don’t believe there's new money coming
There was some news about it recently that Coinbase is receiving 50K new users a day

$50.000 EOY

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You’re a funny guy, aren’t you

fuck you nigger, kys

The news I read said 50k during the boom

>You know we are in a bear market when anons patiently spoonfeed Newfags and nobody tries to shill anything.
This is far from the truth. I’m here since early spring 2017, and it was exactly like this before and at the start of the golden bull run. Newbies asking stuff, getting lots of help. We even had daily help threads, with hundreds of responses, and with sticky-like links in the OP about how to buy, what wallet to use, how to use it etc.
I’m reminded of those times recently by people’s behavior.
The helping each other out and the end of courtesy only came after the big pumps. See: “I am a genius”

No, I think it's happening now.

newsbtc.com/2018/08/15/coinbase-continues-to-add-50000-users-a-day-during-bear-market/

Yeah, I checked it, you are right. There were many news sites reporting it like it is happening now. Seems like it was a lie. Too bad.

Agreed. In terms of sentiment analysis, this place has never been more bitter and angry.

>10703454
So where do you think we are going based on sentiment? Another run or pump and dump for months?

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Spring 2017 Newfag here, can confirm

i'm long since 6200, who else /comfy/ here?

So this board is like it was before the last bull run? Thanks

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Nice. What's your leverage?

Right now shorters are basically putting a tremendous effort into keeping BTC under 6500, but the price isn't budging by a whole lot and there are plenty of wicks to the downside to show bulls are deciding momentum.

Last time shorts we're at ATH was at 6400 and BTC rallied to 9.9, shorts will at some point if bulls can keep it up to close and that will give a nice bounce in the price. But there could be another leg up for shorts before this happens...

Good times!

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Check Bloomberg

Depends on the time frame. On the long term up, but it might be a rocky road.
Btw if you read Tradingview or any trading site, always pay attention to the time frame of the predictions. Some people trade on a daily basis, some only very rarely.

You guys are retarded. Just because we might hit 6800 doesn't mean you should tell newfags to long here. The only shorters getting fucked are the ones out of margin who did more than 10x leverage. It's dangerous to long these positions because you may never even exit your target. Do you not think some whales have longs still in play at ridiculously high numbers? Fucking ADHD faggots I swear.

Delusion. Perma bears hit europhia

T. Short term trader aka gambling addict

Are any of the mobile wallets good? I'd like to buy a bit of BTC.

Not really, I wouldn't trust any of them. Maybe the Coinbase app is okay, you have insurance there I think. Gdax last year refunded people for really silly things, like a flash crash. So I guess your money is kind of safe with them.

For desktop Electrum is a very good wallet. It's very easy to use, and you get a seed to backup in case you lose it. It looks oldschool, but it's a good wallet.

maybe the just want you to think that.

Actually we didnt know if the data is correct. mayve they just want to fuck you