Author

Topic: ASK price > BID (Read 1255 times)

member
Activity: 119
Merit: 100
November 13, 2014, 12:33:11 PM
#8
Right now the amount of bitcoin for sale ( on the ASK side of the exchange ) is larger than the BID side ( people willing to buy )
Everytime we see this we get huge declines... Not a good sign for short term. Short interest is now back near 65% which is the level is was before we took a dip near 300.

Hold onto your socks folks! The Amount of sellers is now over the amount of buyers  Shocked

In other words:
We are now testing how strong the resistance at $400 is... We can barely pass it looks like & so far we made one bounce off of it

How high do you guys think this rally will go? Last time 400 was the tipping point and we went right back near 300.. Will it happen again?  Huh

In other words:
I am all out at 383, I do not see 400 coming on this no volume dead cat bounce... I am looking to open shorts soon


My shorts are now all opened since we got near 480 on my exchange! I see the down fall coming already, I will be looking into how far this correction will go
It generally is not a good idea to attempt to bet against the trend as trends can last a long time and have momentum.
full member
Activity: 126
Merit: 100
November 13, 2014, 12:18:17 PM
#7
Right now the amount of bitcoin for sale ( on the ASK side of the exchange ) is larger than the BID side ( people willing to buy )
Everytime we see this we get huge declines... Not a good sign for short term. Short interest is now back near 65% which is the level is was before we took a dip near 300.

Hold onto your socks folks! The Amount of sellers is now over the amount of buyers  Shocked

In other words:
We are now testing how strong the resistance at $400 is... We can barely pass it looks like & so far we made one bounce off of it

How high do you guys think this rally will go? Last time 400 was the tipping point and we went right back near 300.. Will it happen again?  Huh

In other words:
I am all out at 383, I do not see 400 coming on this no volume dead cat bounce... I am looking to open shorts soon


My shorts are now all opened since we got near 480 on my exchange! I see the down fall coming already, I will be looking into how far this correction will go
newbie
Activity: 38
Merit: 0
November 13, 2014, 03:07:21 AM
#6
it is all god in bitstamp
legendary
Activity: 2576
Merit: 1087
November 12, 2014, 05:10:01 PM
#5
Right now the amount of bitcoin for sale ( on the ASK side of the exchange ) is larger than the BID side ( people willing to buy )
Everytime we see this we get huge declines... Not a good sign for short term. Short interest is now back near 65% which is the level is was before we took a dip near 300.

Hold onto your socks folks! The Amount of sellers is now over the amount of buyers  Shocked

In other words:
We are now testing how strong the resistance at $400 is... We can barely pass it looks like & so far we made one bounce off of it

How high do you guys think this rally will go? Last time 400 was the tipping point and we went right back near 300.. Will it happen again?  Huh

In other words:
I am all out at 383, I do not see 400 coming on this no volume dead cat bounce... I am looking to open shorts soon
legendary
Activity: 2338
Merit: 1035
November 12, 2014, 05:04:19 PM
#4
fewcoins are back to spreading FUD

who could of guessed? Smiley
legendary
Activity: 1937
Merit: 1001
November 12, 2014, 10:56:20 AM
#3
Where are you looking? On Bitstamp it's the exact opposite, at least visible orders...
full member
Activity: 145
Merit: 100
November 12, 2014, 10:35:18 AM
#2
full member
Activity: 126
Merit: 100
November 12, 2014, 10:30:35 AM
#1
Right now the amount of bitcoin for sale ( on the ASK side of the exchange ) is larger than the BID side ( people willing to buy )
Everytime we see this we get huge declines... Not a good sign for short term. Short interest is now back near 65% which is the level is was before we took a dip near 300.

Hold onto your socks folks! The Amount of sellers is now over the amount of buyers  Shocked
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