WyckoffMode

Margin Shorts Need to be Spooked...

BITFINEX:BTCUSDLONGS   BTCUSD Longs
Note the Phoenix Ari 1.07 sitting at 0.57 (57%) on Bitstamp (left) and sitting at 1.0 (100%) on Bitfinex (right).

I may need to follow up with another video publication comparing multiple time frames between different exchanges.
Comment: Another view to show you the HUGE difference between Shorts and Longs:
Comment: Those of you trading on Bitfinex may want to consider leaving with crypto; NOT a FIAT bank transfer. The sooner the better. Have a look at the price discrepancy between BITSTAMP (far left), BITFINEX (center) and COINBASE (far right); all of which are BTCUSD /NOT TETHER. You will note over a $300 price difference. BITSTAMP and COINBASE are relatively the same but more than $300 less than BitFinex.

Commonsense would tell you the exchange (BITFINEX) has no intention of allowing the price to go down a lot and force them to payoff a LOT of margin short positions. They don't have enough capital to pay off those positions. Nor do we see enough margin long contracts to offset the number of short contracts. BITFINEX can easily create a DERIVATIVE of USD out of thin air to keep buying BTC in an effort to accumulate as much BTC and other coins as possible in order to TRY to come up with the funds they capital they are short of to fulfill withdrawal requests. Eventually, they may tire of doing this. They are only digging themselves a deeper hole in my opinion.

Comment: We probably also have a lot of people wanting to buy BTC to withdraw from the exchange. This could be another reason the price is more than $300 than all the other exchanges.
Comment: We might not go down as many may be thinking. This may be something more similar to 2012 rather than 2015. I will expound on this possibility with a couple of videos on this chart (below) and another chart in a separate video.

Comment: If we look at the HUGE difference between margin long contracts (right of center) and margin short contracts (left of center), we can easily discern the majority trader sentiment is we are going down. This may be the "sentiment" the Composite Groups (Whales) want us to think.

The blue or green scenario may end up playing out in similar fashion to 2012 rather than 2015. I’m going to work on a couple of video publications using a couple of different charts to elaborate more on this possibility.
Comment:
Comment: A few more details before I fix some coffee to have a look with video publications to see "IF" this is possible...

Comment: Fixed my coffee and about to get to work on a video publication for this chart first:

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