It is time to start closing short positions

fewcoins

full member

Activity: 126

Merit: 100

Quote from: ask on September 19, 2014, 04:10:42 AM

There is no selling pressure any more. If I was short I would increase my short position to buy later at 350 USD/BTC or lower. But something is telling me that this will not happen.

Some here should be THE BOTTOM.

The market has been searching for a bottom all year... The stock market took years to find the bottom before it had a nice bounce.

Addition

full member

Activity: 238

Merit: 100

Quote from: ThatDGuy on October 08, 2014, 01:49:53 PM

Quote from: glub0x on October 08, 2014, 01:02:53 PM

circle is amazing Wink

I haven't had a chance to use it yet - but anxious to hear about it! Why do you like it that much so far?

Y'all pretty luck in US, couldn't add my UK debit card for buying - suks

BTW is something going on with Circle?

fewcoins

full member

Activity: 126

Merit: 100

Quote from: notme on September 24, 2014, 05:15:08 PM

Quote from: intighet on September 24, 2014, 03:05:30 PM

Quote from: ask on September 24, 2014, 07:43:14 AM

Shorts on BFX are closing their positions. Smart move.

Total Sum Active BTC Swaps = 9273
Change Total Sum BTC Swaps (24h) = -1634

The more shorts closed at this price level, the more likely the most recent push was just a short squeeze. A real reversal would see organic buying pressure up to major resistance, and then a flurry of closing shorts providing the rest of the volume we need to get up over it.

Shorts closing now is important to the market because it cannot generate "free money". If too many people are poised to profit from a move, then it tends not to happen at all.

So, neither bullish nor bearish, really.

None of the shorts closed during the run up. They actually increased slightly during that time. Well after we peaked is when a few thousand BTC worth closed out.

Correct, If you read the info you can see this dead cat bounce we are having was just a short squeeze & since this run up to 350, massive short positions have formed... Once this starts going downhill it will become a snowball that gets way too big way too fast, you won't be able to catch it in time to close your long position Cry

ThatDGuy

hero member

Activity: 728

Merit: 500

Quote from: glub0x on October 08, 2014, 01:02:53 PM

circle is amazing Wink

I haven't had a chance to use it yet - but anxious to hear about it! Why do you like it that much so far?

glub0x

legendary

Activity: 892

Merit: 1013

Quote from: ask on October 08, 2014, 11:56:03 AM

I really hope that you closed your short positions.

please edit your post instead of flooding...

circle is amazing Wink

ask

legendary

Activity: 1386

Merit: 1004

I really hope that you closed your short positions.

ask

legendary

Activity: 1386

Merit: 1004

There is not much time for shorts...

ask

legendary

Activity: 1386

Merit: 1004

One word: CIRCLE

notme

legendary

Activity: 1904

Merit: 1002

Quote from: intighet on September 24, 2014, 03:05:30 PM

Quote from: ask on September 24, 2014, 07:43:14 AM

Shorts on BFX are closing their positions. Smart move.

Total Sum Active BTC Swaps = 9273
Change Total Sum BTC Swaps (24h) = -1634

The more shorts closed at this price level, the more likely the most recent push was just a short squeeze. A real reversal would see organic buying pressure up to major resistance, and then a flurry of closing shorts providing the rest of the volume we need to get up over it.

Shorts closing now is important to the market because it cannot generate "free money". If too many people are poised to profit from a move, then it tends not to happen at all.

So, neither bullish nor bearish, really.

None of the shorts closed during the run up. They actually increased slightly during that time. Well after we peaked is when a few thousand BTC worth closed out.

intighet

member

Activity: 83

Merit: 10

mene mene tekel upharsin

Quote from: ask on September 24, 2014, 07:43:14 AM

Shorts on BFX are closing their positions. Smart move.

Total Sum Active BTC Swaps = 9273
Change Total Sum BTC Swaps (24h) = -1634

The more shorts closed at this price level, the more likely the most recent push was just a short squeeze. A real reversal would see organic buying pressure up to major resistance, and then a flurry of closing shorts providing the rest of the volume we need to get up over it.

Shorts closing now is important to the market because it cannot generate "free money". If too many people are poised to profit from a move, then it tends not to happen at all.

So, neither bullish nor bearish, really.

ask

legendary

Activity: 1386

Merit: 1004

Shorts on BFX are closing their positions. Smart move.

Total Sum Active BTC Swaps = 9273
Change Total Sum BTC Swaps (24h) = -1634

ask

legendary

Activity: 1386

Merit: 1004

There is no selling pressure any more. If I was short I would increase my short position to buy later at 350 USD/BTC or lower. But something is telling me that this will not happen.

Some here should be THE BOTTOM.

Sevvero

sr. member

Activity: 350

Merit: 255

Quote from: twiifm on September 19, 2014, 03:42:24 AM

Nah short it down to $143. Previous ATH before massive bubble

Agreed. The drop was too sudden and there was no rebound, will drop much more. Sell it all or lose your money!

twiifm

hero member

Activity: 784

Merit: 500

Nah short it down to $143. Previous ATH before massive bubble

Babaria

newbie

Activity: 2

Merit: 0

It must be tough having all those accounts, sweating away making posts. Does it work ?

vigsun

newbie

Activity: 30

Merit: 0

Is now the right time to stop??

Sevvero

sr. member

Activity: 350

Merit: 255

Quote from: ask on September 18, 2014, 05:16:23 PM

Thank you guys!

Don't try your reverse psychology kindness crap here. Won't make you more money, you already failed big, get out now before you lose even more.

ask

legendary

Activity: 1386

Merit: 1004

Thank you guys!

KJO

full member

Activity: 173

Merit: 100

Quote from: Sevvero on September 18, 2014, 05:07:15 PM

Quote from: ask on September 18, 2014, 05:04:12 PM

Quote from: Sevvero on September 18, 2014, 04:59:58 PM

Even if they mean it?

Sevvero, my friend. I must admit that I like you very much

Reverse psychology won't make the price go up.

Quote

Sevvero = Janet Yellen's cabana boy.

200? Bring it baby Bring it!

I love me some cheap coins.

You will get your cheap coins and tears and failed life along with it.

How? I bought most of my BTC at $10.

tears? If you can bring the price down to $200, they will be tears of joy!

failed life? Its too late for that. I already won.

Sevvero

sr. member

Activity: 350

Merit: 255

Quote from: ask on September 18, 2014, 05:04:12 PM

Quote from: Sevvero on September 18, 2014, 04:59:58 PM

Even if they mean it?

Sevvero, my friend. I must admit that I like you very much

Reverse psychology won't make the price go up.

Quote

Sevvero = Janet Yellen's cabana boy.

200? Bring it baby Bring it!

I love me some cheap coins.

You will get your cheap coins and tears and failed life along with it.

Topic: It is time to start closing short positions (Read 3497 times)