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<< >> English 中文 Русский 한국어 日本語 Español Français [2024-05-12 14:59:21] bluemaster : jjhiijiji: USDT is only for people who are short bitcoin and they lose on long time anyway ... If you have 61148 USDT and long position equal to that price you are only long 1 btc ,my colateral is btcusd and I long 1 btc at that price I am long 2 btc ...if bitcoin goes up I made twice your profit . USDT is only for people who shorting or bearish on bitcoin price on a long time scale ... [2024-05-12 14:59:37] jjhiijiji : bluemaster: which is why, good sir, i said anything OVER than 1x. [2024-05-12 14:59:50] jjhiijiji : now, if you choose to cherry pick which parts to read, i cant help you [2024-05-12 14:59:54] bluemaster : jjhiijiji: no even when you are 1 x [2024-05-12 15:00:00] jjhiijiji : bluemaster: i said OVEr 1x [2024-05-12 15:00:01] jjhiijiji : OVER [2024-05-12 15:00:18] jjhiijiji : if i have a 5x position for e.g [2024-05-12 15:00:32] jjhiijiji : i am not 'short on btc' and i am gaining more than smeone on 1 btc spot [2024-05-12 15:00:40] jjhiijiji : its so simple [2024-05-12 15:01:59] Eluus : yeah usdt collateral only makes sense if you're short bitcoin @bluemaster [2024-05-12 15:02:12] bluemaster : jjhiijiji: if yo are long 5 x usdt is less profit on longs from using btcusd , no reason ever to be in USDT except if you are shorting or bearish [2024-05-12 15:02:13] Eluus : so there's at least a use of usdt collateral [2024-05-12 15:02:26] jjhiijiji : bluemaster: dude ofcourse its less profits on usdt [2024-05-12 15:02:29] jjhiijiji : this [2024-05-12 15:02:32] jjhiijiji : was the first fckin thin i said [2024-05-12 15:02:38] jjhiijiji : usdt = lower profits than btc [2024-05-12 15:02:49] jjhiijiji : cause with btcusd ur margin and gains also increase in value [2024-05-12 15:02:56] Eluus : so that you can hold less money on an exchange to short btc and have less counterparty risk [2024-05-12 15:02:57] jjhiijiji : this was established from the very beginning [2024-05-12 15:04:13] jjhiijiji : bluemaster: i stated that the difference is that indeed you profits are higher with btcusd conract. however upon openin, with the same position size, the usdt position will give you a lower liq level (despite the fact that ur gains will be less) [2024-05-12 15:04:18] jjhiijiji : is that really so difficult to understand [2024-05-12 15:04:38] jjhiijiji : because ur margin value decreases as price drops on btcusd... incidentally ur lqi price will be higher [2024-05-12 15:04:48] jjhiijiji : than usdt which is actually gaining value over btc price (if the price is going down) [2024-05-12 15:04:51] bluemaster : jjhiijiji: point is if you have any usdt in your wallet before or after you open you open your position you are already short bitcoin [2024-05-12 15:04:52] jjhiijiji : this is simple sh!t [2024-05-12 15:05:00] jjhiijiji : we shouldnt even have to argue this point [2024-05-12 15:05:19] jjhiijiji : bluemaster: no sire, that was not the poiint. OFCOURSE if u hold usdt without a pos you are short on btc [2024-05-12 15:05:22] jjhiijiji : noone argued against that [2024-05-12 15:05:26] jjhiijiji : but that was not the point a tall [2024-05-12 15:05:34] jjhiijiji : its just a random point you made, which is correct [2024-05-12 15:06:13] jjhiijiji : the point was that the difference between an equal position of btc vs usdt, is that btc = more gains, but usdt is lower liq due to not depreciating like btc when price goes down. [2024-05-12 15:06:17] jjhiijiji : easy, simple. no arguement needed [2024-05-12 15:06:25] jjhiijiji : Eluus went and added a bunch of what ifs and subtractions and additions [2024-05-12 15:06:37] jjhiijiji : and u statted going on about how 'but ur short if u hold usdt' which is true but besides the point [2024-05-12 15:07:11] jjhiijiji : ofcourse sir, holding usdt is being short on btc. i never said it wasnt. i just dont understand how this point is relevant at all to what we were discussing initially [2024-05-12 15:07:52] Eluus : it's useless to argue with someone whos sole aim is not to understand the point @bluemaster [2024-05-12 15:07:55] jjhiijiji : now, if you guys take these points and feel the need to bash, go on tangents, call smeone a 15 yr old etc etc... [2024-05-12 15:07:59] jjhiijiji : than there is a serious issue here [2024-05-12 15:08:14] Eluus : then* [2024-05-12 15:08:34] jjhiijiji : my soil aim was to clarify the difference between opening a usdt or btcusd position [2024-05-12 15:08:38] jjhiijiji : the risk reward ratio is different [2024-05-12 15:08:49] Eluus : no one asked what the different was [2024-05-12 15:08:59] jjhiijiji : yes, smeone said 'why would u open using usdt [2024-05-12 15:09:02] jjhiijiji : to EXPLAIN that [2024-05-12 15:09:09] Eluus : what's the point? what's the advantage of having usdt collateral? [2024-05-12 15:09:10] jjhiijiji : you need to show the difference between opening with one or the other [2024-05-12 15:09:24] Eluus : bluemaster answered it, if you're short it makes sense [2024-05-12 15:09:31] jjhiijiji : sad. [2024-05-12 15:09:33] jjhiijiji : so sad [2024-05-12 15:09:51] Eluus : don't worry, you will eventually grow up [2024-05-12 15:10:09] jjhiijiji : dude i wrote an entire paragraph above explaining in very simple terms [2024-05-12 15:10:14] jjhiijiji : and yo ucame back saying 'but buluemaster was right' [2024-05-12 15:10:20] jjhiijiji : absolutely 0 info [2024-05-12 15:10:23] jjhiijiji : just weak rhetoric tactics [2024-05-12 15:10:24] jjhiijiji : again [2024-05-12 15:10:31] jjhiijiji : like last time.... thats jus fckin sad bro [2024-05-12 15:10:34] Eluus : bluemaster has shown me the point of having usdt as collateral [2024-05-12 15:10:41] Eluus : you just don't understand this shit sorry [2024-05-12 15:10:56] jjhiijiji : hahah again weak rhetoric tactics [2024-05-12 15:11:02] Eluus : facts [2024-05-12 15:11:42] Eluus : in fact I will use usdt collateral if I ever go short bitcoin [2024-05-12 15:12:44] jjhiijiji : *pat pat* good boy [2024-05-12 15:13:22] Simio_BTC : https://www.tradingview.com/x/rdowwyie/ a perfect bear flag on ETH ? [2024-05-12 15:13:37] Eluus : I hope you now understand that there's no point opening a long with usdt collateral [2024-05-12 15:13:56] Eluus : no advanatage whatsoever [2024-05-12 15:14:12] PrinterMan : kinda dead after such a big move, fishy af [2024-05-12 15:17:31] scraps : nar, its lunch hour, whales eating real food instead of goldfish on here [2024-05-12 15:18:12] jjhiijiji : PrinterMan: thats what also worries me too [2024-05-12 15:18:13] jjhiijiji : no spike up [2024-05-12 15:18:15] jjhiijiji : just flat [2024-05-12 15:18:21] jjhiijiji : but u can see accumulation happening [2024-05-12 15:18:34] jjhiijiji : almost as if theyre just slowly silently buying the bottom not to cause a big spike [2024-05-12 15:18:40] scraps : look at the depth chart on bitcoin [2024-05-12 15:18:41] jjhiijiji : so it can pamp after they got in slowly [2024-05-12 15:22:59] jjhiijiji : normally ud think a bottom with no spike up reaction is not good and usually a huge spike back up is seen as a good sign... i initialy was worried this didnt happen, but the way we just accumulated near the bottom here i think is actually a very bullish sign [2024-05-12 15:23:42] jjhiijiji : weak hands selling, strong hands accumulating silently and slowly at a low price without sending the price spike upwards before they get in with good amounts [2024-05-12 15:23:57] jjhiijiji : at least id like to think this is what s happening [2024-05-12 15:23:58] bluemaster : /position xbtk24 24 H volume $200 and I hold 30 % Open Interest with this small trade , why BItmex listing this poo poo ? ``` :bitmex: XBTK24: 128,300 USD @ 69583.6117 ``` [2024-05-12 15:27:43] jjhiijiji : since this is the weekend i dont expect huge breakout [2024-05-12 15:27:48] jjhiijiji : we will likely top out here again [2024-05-12 15:27:52] jjhiijiji : at same level [2024-05-12 15:28:04] PrinterMan : jjhiijiji: yeah im debating the same if its to get spot people to sell slowly [2024-05-12 15:28:06] jjhiijiji : and break will likely happen on a week day maybe even tomorrow [2024-05-12 15:28:24] PrinterMan : but i think high xers gonna get fooked both ways soon [2024-05-12 15:28:32] jjhiijiji : PrinterMan: thats what it feels like but no way to tell for sure really. its just also the scenario i 'want' to believe ;p [2024-05-12 15:29:39] ninnk : uhm didnt that scraps boy send his regards to eluus? something like that [2024-05-12 15:29:57] PeacenLuv : btc pumpitt [2024-05-12 15:29:58] PrinterMan : https://www.youtube.com/watch?v=hRGIrrjuLYA [2024-05-12 15:30:14] PeacenLuv : https://www.tradingview.com/x/LDkpsE58/ 3hr btc bully lezgoo [2024-05-12 15:31:02] bnqxbt : 62400 test inc [2024-05-12 15:31:56] bnqxbt : max send [2024-05-12 15:32:06] ninnk : bnqxbt: 😺 [2024-05-12 15:32:32] ninnk : the real question now is what does "cm" mean on my to do list [2024-05-12 15:32:43] ninnk : ffs i gotta stop using abbreviations cant remember shit :kek: [2024-05-12 15:32:56] jjhiijiji : :keke: :pepe: [2024-05-12 15:33:00] jjhiijiji : :kek: [2024-05-12 15:33:24] Schmico666 : DOWN ONLY DOWN!!! [2024-05-12 15:34:02] bnqxbt : retail = no effect on btc [2024-05-12 15:34:15] PeacenLuv : cm catch munnee [2024-05-12 15:34:19] doublecheese : Higher low almost confirmed. Waiting for daily close before adding to my long. [2024-05-12 15:34:41] bnqxbt : daily doesn't ,matter now, it's all about weekly close [2024-05-12 15:34:54] bnqxbt : if btc could somehow go above 65500 we would close green [2024-05-12 15:35:03] bluemaster : will be funny if this weekly close green on UTC time zone just like last week 😛 [2024-05-12 15:35:10] doublecheese : bnqxbt: print an higher low on daily and weekly will follow. [2024-05-12 15:35:16] bnqxbt : I think there is a big chance @bluemaster [2024-05-12 15:35:19] ninnk : PeacenLuv: mmm ya might be [2024-05-12 15:35:24] doublecheese : Doesn't matter if weekly closes red. [2024-05-12 15:35:28] bnqxbt : doublecheese: weekly closes today [2024-05-12 15:35:50] PeacenLuv : btc gunna be 101 cm tall bean pant soon if growth=growth [2024-05-12 15:35:55] doublecheese : bnqxbt: closing a weekly here is even better than higher. [2024-05-12 15:36:00] PeacenLuv : plant* [2024-05-12 15:36:09] bnqxbt : true, it doesn't matter [2024-05-12 15:36:26] bnqxbt : just a fun thing btc does, when it's about to pump it claims it green just before close [2024-05-12 15:36:47] bnqxbt : just for the funs MM and whales having fun [2024-05-12 15:36:51] PeacenLuv : i could handle longing 1 week btc candles i think [2024-05-12 15:37:35] bnqxbt : overall, closing green might have some psy manip over people then seeing a green close and entering, so...it plays into the scheme [2024-05-12 15:37:53] bnqxbt : it's all about manipulation [2024-05-12 15:38:08] doublecheese : bnqxbt: yep, that's why a red weekly close is better. [2024-05-12 15:38:23] PeacenLuv : https://www.tradingview.com/x/QGsKhuJh/ bullish 12hr wave support [2024-05-12 15:38:37] bnqxbt : my fractal says we might actually turn this green before weekly close, or just below, as a doji [2024-05-12 15:38:41] PeacenLuv : watch ao pop volume pop btc pricepop like popcorn [2024-05-12 15:38:49] PeacenLuv : enjoy the show btc [2024-05-12 15:38:52] bnqxbt : for me it doesn't matter [2024-05-12 15:39:08] GoldFish79 : 💦 :me: 💦 [2024-05-12 15:39:12] PrinterMan : I remember when bitmex had like 200k+ liquidity on each side at all times, seeing like 100 dollar best bid/ask is meh [2024-05-12 15:39:16] bnqxbt : I don't trade candle closes [2024-05-12 15:39:27] doublecheese : PeacenLuv: lol there's so many lines in there :) [2024-05-12 15:39:28] bnqxbt : it only works in stockmarket, not in crypto [2024-05-12 15:39:39] PeacenLuv : doublecheese: ya all worthy lines [2024-05-12 15:40:08] PeacenLuv : btc price shud respekt them all [2024-05-12 15:40:14] bnqxbt : let the fakeout begin, or we stick the landing? what do they want? [2024-05-12 15:40:17] scraps : Bitfinex 61,500 [2024-05-12 15:40:29] PeacenLuv : scraps: thnx quote others [2024-05-12 15:40:42] PeacenLuv : ill look bitstamp boss [2024-05-12 15:40:47] doublecheese : PeacenLuv: yeah usually btc respects them [2024-05-12 15:40:52] scraps : kraken 61,343 [2024-05-12 15:41:14] scraps : bitstamp $61,351 [2024-05-12 15:41:32] scraps : 61,410 now [2024-05-12 15:41:56] PeacenLuv : bitstamp rtq 61410 [2024-05-12 15:41:57] RonnieREKT : 🔥 Liquidated short on `XBTUSD`: Buy 100 USD @ 61482.5 - #yolo is a valid strategy [2024-05-12 15:42:08] GoldFish79 : Pew [2024-05-12 15:42:13] PeacenLuv : RonnieREKT: hi ronnee [2024-05-12 15:42:19] PeacenLuv : green bubz huhh [2024-05-12 15:42:21] bnqxbt : idiots running to news to see "why is btc pumping" stories [2024-05-12 15:42:42] PeacenLuv : https://www.tradingview.com/x/4pcA8IQP/ 1 dumb bear ronnee [2024-05-12 15:42:46] PeacenLuv : is good [2024-05-12 15:43:08] PeacenLuv : bnqxbt: lol [2024-05-12 15:43:16] bnqxbt : 61500 should not be a res, but let's see [2024-05-12 15:43:17] PeacenLuv : news is after everyone knows [2024-05-12 15:43:39] bnqxbt : 61650 is [2024-05-12 15:43:46] PeacenLuv : buy first win after btc [2024-05-12 15:43:51] scraps : cats almost outta the bag here, it cant be stopped when the run starts [2024-05-12 15:43:59] bnqxbt : 200ma and ascending res. [2024-05-12 15:44:00] PeacenLuv : its an occurence in order [2024-05-12 15:44:13] scraps : 63k next stop, all aboard [2024-05-12 15:44:31] scraps : dont take me as investment or trading advice [2024-05-12 15:44:34] PeacenLuv : no stopping btc 63k [2024-05-12 15:44:47] PeacenLuv : fuhk i bout the 73.5 earlier [2024-05-12 15:44:57] PeacenLuv : nevahmind 68k buyz [2024-05-12 15:45:16] jjhiijiji : well, this is a nice surprise [2024-05-12 15:45:28] jjhiijiji : i didnt think wed be able to break out on a sunday [2024-05-12 15:45:34] jjhiijiji : not complaining though [2024-05-12 15:45:36] jjhiijiji : fckin pamp eet [2024-05-12 15:45:44] PeacenLuv : near impossible for me to get caught short btc alwayz long it [2024-05-12 15:46:01] PeacenLuv : long liquids my investment [2024-05-12 15:46:29] PeacenLuv : rtq mex xbt btc 61437 lezgooo [2024-05-12 15:46:35] doublecheese : If the higher low is confirmed it's serious matter. [2024-05-12 15:46:36] PeacenLuv : sum of u may need sleep here [2024-05-12 15:47:02] PeacenLuv : rockabye bayybeee btc [2024-05-12 15:47:10] scraps : it seems to be the case doublecheeseburger [2024-05-12 15:47:29] PeacenLuv : bearz obliterated through 17k [2024-05-12 15:47:40] ilPanino : uh oh, moonboys are engaged again, on a sunday, dont become greedy yet. [2024-05-12 15:47:44] scraps : different market [2024-05-12 15:47:50] scraps : different prices [2024-05-12 15:47:55] jjhiijiji : so funny that this dumped end of last week so all etf retailers were dumping, only for it to pump on the weekend [2024-05-12 15:48:07] scraps : nothing is comparable to this time round [2024-05-12 15:48:09] jjhiijiji : very suspiciously scammy pa [2024-05-12 15:48:09] PeacenLuv : handz up btc bearzz [2024-05-12 15:48:12] bnqxbt : after 61650 I would say GG [2024-05-12 15:48:26] PeacenLuv : while i loot yur 1/3rd full pockets [2024-05-12 15:48:32] doublecheese : scraps: we only need an higher high over 65.6k and we're good to go. [2024-05-12 15:48:48] PeacenLuv : doublecheese: please allow such gains btc [2024-05-12 15:49:10] ilPanino : doublecheese: yes, because everything in this market is guaranteed at all times sir. [2024-05-12 15:50:17] doublecheese : ilPanino: where did I say something is guaranteed? Just saying an higher high would greatly increase the chances that the dump is over. [2024-05-12 15:51:16] ilPanino : doublecheese: Some texts can be interpreted in different ways, sure i put the word guarantee in your mouth, but "we just need this and good to go". [2024-05-12 15:51:57] doublecheese : ilPanino: If I see higher highs and higher lows I will have no more reasons to be bearish about btc price sir. [2024-05-12 15:51:59] ilPanino : Unless trolling, such statements can tell someone else that retail is getting greedy at that point and the dump continues. [2024-05-12 15:52:11] ilPanino : :arthur: [2024-05-12 15:52:33] ilPanino : just playing the devils advocate here. [2024-05-12 15:53:13] doublecheese : ilPanino: higher highs and higher lows are what it takes to make me bullish sir bread. [2024-05-12 15:53:14] ilPanino : But yea i see my self TP one at 30 minute 800 ema. [2024-05-12 15:53:20] ilPanino : TP1* [2024-05-12 15:53:38] jjhiijiji : the amoutn of time ive seen dumps after higher lows and higher highs is silly @doublecheese [2024-05-12 15:53:43] jjhiijiji : thats probably one of the worst indicators to go off [2024-05-12 15:53:53] ilPanino : jjhiijiji: indeed, thats kinda my point. [2024-05-12 15:54:16] jjhiijiji : thats like the biggest rooky thing to spot. oh look, higher lows. its bullish [2024-05-12 15:54:26] jjhiijiji : reminds me of my first days of trading [2024-05-12 15:54:31] ilPanino : A pump usually ends at a higher high, like all the times. [2024-05-12 15:54:36] bnqxbt : for higher high, you need more weed [2024-05-12 15:54:47] PrinterMan : bnqxbt: LOL [2024-05-12 15:56:05] doublecheese : jjhiijiji: @ilPanino of course, anything can happen. But I see no reasons to be bearish after sell pressure is exausting, just around the 100 daily ema. [2024-05-12 15:56:47] jjhiijiji : doublecheese: man who are you trying to convince? the person saying that 'this is most likely the bottom' when we were almost touching the daily 100 EMA? [2024-05-12 15:56:50] doublecheese : Glad to be wrong, I wouldn't dislike buying cheap again. [2024-05-12 15:56:58] bob12314 : 55K [2024-05-12 15:57:09] bob12314 : 😃 [2024-05-12 15:57:30] Vladimir.Putin : will btc close weejly candle green ? [2024-05-12 15:57:38] ilPanino : doublecheese: I literally called the bottom with a few dollars difference sir. While you were so bearish that you refused to follow your own plan. Just saying. [2024-05-12 15:57:42] doublecheese : Nope [2024-05-12 15:57:59] ilPanino : Yes. [2024-05-12 15:58:20] doublecheese : /position xbtusd I did follow my plan ``` :bitmex: XBTUSD: 2,000 USD @ 60891.698 ``` [2024-05-12 15:58:35] doublecheese : Just not perfect entry. [2024-05-12 15:58:48] ilPanino : you said you would buy 60100, you did not, you bought way higher. [2024-05-12 15:58:57] jjhiijiji : panino was begging you to go in at the lowest point saying 'this was ur plan' [2024-05-12 15:59:18] jjhiijiji : still a good entry but if you had more confidence you would have longed the absolute bottom [2024-05-12 15:59:40] jjhiijiji : at least your in now [2024-05-12 15:59:53] Vladimir.Putin : 67k / 52k first ? [2024-05-12 16:00:14] ilPanino : yeah no need to fight over details, just pointing it out that the plan was a good play. It should also have been executed for maximum profits. :) [2024-05-12 16:01:03] doublecheese : ilPanino: I don't mind getting a less than optimal entry, even if it would have been obviously been better. The real issue for me is that I don't have a clear target here. [2024-05-12 16:01:36] jjhiijiji : doublecheese: as far as we know the dump just continues from here .. [2024-05-12 16:01:57] ilPanino : There are three real targets in the charts right now, and only the fourth is unknown. [2024-05-12 16:02:02] jjhiijiji : i think if consolidation then we should go up to retest back to the top of the channel [2024-05-12 16:02:28] jjhiijiji : 65ks will have some resistance.. 69k zone... and then the 72 - 74 area should be the most [2024-05-12 16:02:36] doublecheese : jjhiijiji: I have a plan for that. Half will be closed at entry and the other half left will be my original low lev long term position. [2024-05-12 16:03:28] ilPanino : yes, my TP4 would be ATH, but as a true degen i will let that one run and get stopped out at TP3. [2024-05-12 16:04:03] jjhiijiji : :D just in case though [2024-05-12 16:06:17] ilPanino : TP1, 64k, TP2, 67k, TP3 69k, TP3 a runner, less go. Might do a smaller TP0.5 at 63k, to get something something in case of anything. [2024-05-12 16:06:48] ilPanino : SL in profit of course. [2024-05-12 16:07:43] jjhiijiji : this is starting to look so juicy [2024-05-12 16:10:26] jjhiijiji : imagine post halving pamp greatest of all time happens on a sunday after a whole week of retail panic selling [2024-05-12 16:10:32] jjhiijiji : now that would be something [2024-05-12 16:11:28] bnqxbt : pump about to start [2024-05-12 16:11:41] PrinterMan : bogdanoff [2024-05-12 16:12:28] bnqxbt : I can see a fair chance of a scam rejection that goes fast, because we are still on weekend low volume [2024-05-12 16:12:28] jjhiijiji : attempting the 1h 100 ma (30 min 200 MA for paninis who dont use 100's) [2024-05-12 16:12:57] bnqxbt : it's a flip a coin situation rn, either we go up fast or down [2024-05-12 16:13:16] bnqxbt : :bog: [2024-05-12 16:16:03] bnqxbt : hit or miss [2024-05-12 16:16:04] jjhiijiji : boooom [2024-05-12 16:16:16] bnqxbt : 61600 for glory [2024-05-12 16:16:29] jjhiijiji : well would you look at that.. guess that was the bottom after all [2024-05-12 16:16:45] bnqxbt : all the way to 62400, cmon, don't be boyscout [2024-05-12 16:16:57] jjhiijiji : who would have thought that the most likely scenario, remaining within the channel for weeks/months would have been what happened [2024-05-12 16:17:19] Sir.LongCorn : :catjam: [2024-05-12 16:17:22] Sir.LongCorn : :doge: [2024-05-12 16:17:30] Sir.LongCorn : 🌽 [2024-05-12 16:17:51] doublecheese : Lol sudden moon. I had hoped for a slow grind but Bitcoin never does what I want. [2024-05-12 16:17:54] RealBawlOfLasagna : 🎣🎣🎣 [2024-05-12 16:18:10] jjhiijiji : wheres migos liq? [2024-05-12 16:18:18] jjhiijiji : i wanna know so i can prepare my celebratory cigar [2024-05-12 16:19:00] Vladimir.Putin : Bart pattern confirm ? [2024-05-12 16:19:18] jjhiijiji : nothing is confirmed untill it actually happens [2024-05-12 16:19:20] Simio_BTC : it's over LOL :kek: [2024-05-12 16:19:28] jjhiijiji : u cant confirm a bart pattern before its complete lel [2024-05-12 16:19:34] GoldFish79 : *nefa put too much water in ur pot noodle...* [2024-05-12 16:20:48] jjhiijiji : this is so lovely [2024-05-12 16:20:54] jjhiijiji : the pump is gonna end up being bigger than the dump [2024-05-12 16:21:34] jjhiijiji : bog even managed to paint a lovely right shoulder for all of us to see [2024-05-12 16:22:20] Vladimir.Putin : wld 6.8 this day [2024-05-12 16:23:36] Sir.LongCorn : 𓆝 𓆟 𓆞 𓆝 𓆟 [2024-05-12 16:23:40] bnqxbt : doublecheese: https://www.tradingview.com/x/avI4MJkU/ [2024-05-12 16:24:09] jjhiijiji : bog just gna punish those that longed the top of the pamp now [2024-05-12 16:26:10] Sir.LongCorn : Ϟ(๑⚈ ․̫ ⚈๑)⋆ [2024-05-12 16:26:12] jjhiijiji : or not [2024-05-12 16:26:15] jjhiijiji : :p [2024-05-12 16:26:47] PrinterMan : /rpnl BTCUSD ``` :bitmex: XBTUSD: 0.0000 XBT RPNL ``` [2024-05-12 16:27:17] PrinterMan : /pnl BTCUSD ``` :bitmex: XBTUSD: 0.0000 XBT RPNL, 0.0000 XBT UPNL ``` [2024-05-12 16:29:08] clarknova : Probably just a liquidity grab and back under 61. [2024-05-12 16:30:21] jjhiijiji : clarknova: that does indeed happen almost every time before a dump [2024-05-12 16:30:36] jjhiijiji : so people like doublecheese can scream 'higher high' then they jump in and it dumps down [2024-05-12 16:30:36] clarknova : jjhiijiji: before CME opening on sunday [2024-05-12 16:30:59] jjhiijiji : almost every super massive dump ive seen happened just after a higher high [2024-05-12 16:31:06] jjhiijiji : probably over 80% of the ones ive seen [2024-05-12 16:31:35] jjhiijiji : (im hoping this isnt the case though, and that the dump in the 50s was the dump before the megapamp, other way around) [2024-05-12 16:31:49] jjhiijiji : and that the dip back down to 60k was to grab some extra liquidity (and it sure did pile a bunch of new shorts up) [2024-05-12 16:31:53] jjhiijiji : just before the megapamp [2024-05-12 16:31:59] jjhiijiji : thats also a scenario ;p [2024-05-12 16:32:39] jjhiijiji : u can apply the same logic both ways j [2024-05-12 16:32:44] jjhiijiji : no way to tell which is actually happening [2024-05-12 16:32:50] doublecheese : jjhiijiji: higher high is over 65.6k, I have not idea wtf are you saying. [2024-05-12 16:33:00] clarknova : jjhiijiji: Next liquidity pool is down to 60.3 [2024-05-12 16:33:10] scraps : 63k incoming. [2024-05-12 16:33:26] Simio_BTC : clarknova: egggsactly [2024-05-12 16:33:41] jjhiijiji : clarknova: i think at the moment the shorts are a lot higher than the longs, so if they want liquidity, best way to go is up and liq the shorts at 70ks [2024-05-12 16:33:50] jjhiijiji : way, way more liquidity in 72k rather than 50ks [2024-05-12 16:34:06] doublecheese : jjhiijiji: besides, I am not "jumping in" anywhere, I am already in a pos . [2024-05-12 16:34:28] jjhiijiji : doublecheese: i was pulling ur leg cause u mentioned the higher high noob thing [2024-05-12 16:34:40] jjhiijiji : doublecheese: and we had one on the lower timeframe charts [2024-05-12 16:35:10] clarknova : jjhiijiji: It needs too much effort to go there imo. Same for 50k. For now it's probably more sideways. [2024-05-12 16:35:11] doublecheese : jjhiijiji: I have made the decision not to trade anything below 4h anymore. [2024-05-12 16:35:31] jjhiijiji : doublecheese: very very wise deciision sir [2024-05-12 16:35:36] clarknova : doublecheese: good idea :) [2024-05-12 16:36:03] jjhiijiji : clarknova: sideways within the channel is always for me the most likely [2024-05-12 16:36:09] jjhiijiji : all i was pointing out is where most of the liquidity is [2024-05-12 16:36:14] jjhiijiji : and that is to the upper extreme rather the lower [2024-05-12 16:36:21] jjhiijiji : because of the silly amount of short liqs [2024-05-12 16:36:22] scraps : Bitfinex $61,833 [2024-05-12 16:36:32] scraps : and rising [2024-05-12 16:36:46] clarknova : jjhiijiji: break up or down isn't clear yet [2024-05-12 16:36:56] jjhiijiji : clarknova: yeah no way to tell [2024-05-12 16:37:04] jjhiijiji : if we do break up into the 70s in next weeks though [2024-05-12 16:37:08] jjhiijiji : the liqs will be massive [2024-05-12 16:37:11] scraps : up 63k [2024-05-12 16:37:17] jjhiijiji : last week they were around 13 billion or smth [2024-05-12 16:38:33] NOOM : 🚀🚀🚀 [2024-05-12 16:39:39] contract details : circuit [2024-05-12 16:39:41] contract details : :pepe: [2024-05-12 16:39:48] jjhiijiji : contract details: :kek: [2024-05-12 16:39:56] jjhiijiji : ill never forget that moment [2024-05-12 16:40:00] jjhiijiji : 'circuit' [2024-05-12 16:40:03] jjhiijiji : WHATS CIRCUIT??? [2024-05-12 16:40:09] jjhiijiji : 5 secs later, liq email [2024-05-12 16:40:20] contract details : :arthur: [2024-05-12 16:40:38] jjhiijiji : u gotta give it to him though [2024-05-12 16:40:42] jjhiijiji : his circuit call was spot on [2024-05-12 16:41:10] KeepItSimple : jjhiijiji: I think he meant your liq is filling his long, basically he fooled you [2024-05-12 16:41:29] jjhiijiji : KeepItSimple: were u there when it happened [2024-05-12 16:41:38] jjhiijiji : that was fckin funny eh [2024-05-12 16:41:39] KeepItSimple : yes [2024-05-12 16:42:04] KeepItSimple : I was watching curiously [2024-05-12 16:42:18] jjhiijiji : if my long goes well and im comfortable to throw around a few hundred on trying that 1 more time with shawn, ill do it just for keks [2024-05-12 16:42:26] jjhiijiji : i hope he comes back havnt seen him in a while [2024-05-12 16:42:42] jjhiijiji : he was gonna put on a show for us, failed first try, then he just dissappeared into the fog [2024-05-12 16:43:13] jjhiijiji : he actually opened a second one the moment after which went well but noone took much notice [2024-05-12 16:43:19] KeepItSimple : yeah, I didn't really understand his strategy [2024-05-12 16:43:29] jjhiijiji : his strategy is [2024-05-12 16:43:34] jjhiijiji : 'feeling' the price action [2024-05-12 16:43:39] jjhiijiji : laddering into a degen 100x pos [2024-05-12 16:43:47] jjhiijiji : and praying to god that it goes up [2024-05-12 16:44:06] KeepItSimple : 100x is guaranteed liq [2024-05-12 16:44:15] jjhiijiji : well, i did get liqd. [2024-05-12 16:44:23] jjhiijiji : circuit [2024-05-12 16:44:27] contract details : get circuited [2024-05-12 16:50:24] scraps : /position xbtusdt ``` :bitmex: XBTUSDT: 0.3 XBT @ 61059.961 ``` [2024-05-12 16:50:37] jjhiijiji : am i about to get circuited again :pepe: [2024-05-12 16:50:57] contract details : i want my touching [2024-05-12 16:51:01] contract details : :pepe: [2024-05-12 16:51:03] jjhiijiji : please no [2024-05-12 16:51:09] jjhiijiji : it was close enough [2024-05-12 16:51:24] contract details : are you afraid of contact? [2024-05-12 16:51:52] jjhiijiji : can we go to 69k first before the touch [2024-05-12 16:51:55] jjhiijiji : please :pepe: [2024-05-12 16:52:10] contract details : but if we gap today dumpmericans will return [2024-05-12 16:52:29] jjhiijiji : no no listen they all dumped end of friday [2024-05-12 16:52:29] jjhiijiji : so [2024-05-12 16:52:32] jjhiijiji : if we pamp a lot [2024-05-12 16:52:36] jjhiijiji : they will all have to fomo back in [2024-05-12 16:52:44] jjhiijiji : it will be pumpmericans day [2024-05-12 16:53:01] jjhiijiji : plus the short liqs [2024-05-12 16:53:05] jjhiijiji : will be beautiful [2024-05-12 16:54:23] jjhiijiji : circuit :pepe: [2024-05-12 16:54:46] jjhiijiji : quick, doublecheese, SHORT NOW [2024-05-12 16:55:04] jjhiijiji : please :pepe: [2024-05-12 16:56:39] jjhiijiji : precious local top here [2024-05-12 16:57:02] jjhiijiji : must hold above early 61's. priz bog :pepe: [2024-05-12 16:58:32] doublecheese : jjhiijiji: my SL is at entry. No need to panic close and short. [2024-05-12 16:58:48] contract details : circuit :pepe: [2024-05-12 16:58:50] doublecheese : If it gets hit, I'll buy lower. [2024-05-12 16:58:53] jjhiijiji : doublecheese: i was joking [2024-05-12 16:59:02] contract details : spot 0 vol [2024-05-12 16:59:04] jjhiijiji : doublecheese: i wanted you to short so bog can make it go up and liq u [2024-05-12 16:59:07] contract details : everyone is scared or dead :pepe: [2024-05-12 16:59:24] contract details : i mean lower than a normal weekend even :kek: [2024-05-12 16:59:31] jjhiijiji : ;/ [2024-05-12 16:59:49] doublecheese : jjhiijiji: oh ok lol. However I rarely short in general. If I am still around, you'll see me shortin in 2025 :) [2024-05-12 16:59:51] RonnieREKT : 🔥 Liquidated long on `XBTUSDT`: Sell 0.1000 XBT @ 61369.1 ($6,135.97) [2024-05-12 17:00:18] jjhiijiji : 2025 im 100% not risking any shorting [2024-05-12 17:00:30] jjhiijiji : we will be cutting 25 basis points every few months lol [2024-05-12 17:00:36] jjhiijiji : from rates [2024-05-12 17:01:03] jjhiijiji : iamgine shorting rate cut cycle after biggest rate hikes in so long [2024-05-12 17:01:06] doublecheese : jjhiijiji: if this bullmarket plays like previous ones, I expect top to be in 2025. [2024-05-12 17:01:07] jjhiijiji : :kek: [2024-05-12 17:01:08] NOOM : 50k is for the dogs [2024-05-12 17:01:52] RonnieREKT : 🔥 Liquidated long on `XBTUSD`: Sell 14000 USD @ 61209 [2024-05-12 17:03:38] GoldFish79 : 💦 :me: 💦 [2024-05-12 17:03:43] jjhiijiji : doublecheese: stop looking at previous patterns. look at what is actually going to be happening in 2025 [2024-05-12 17:04:01] jjhiijiji : were going from QT to QE and ur talking about shorting [2024-05-12 17:04:09] PeacenLuv : https://www.tradingview.com/x/iEDSGSDi/ buy the dip bully 1hr tunnelshott [2024-05-12 17:04:12] jjhiijiji : thats probably going to be one of the biggest pump years uve seen so far [2024-05-12 17:04:35] PeacenLuv : doublecheese: a lottofus dead by then kid [2024-05-12 17:04:51] PeacenLuv : live fast die yung [2024-05-12 17:05:11] PeacenLuv : oldest generally die first [2024-05-12 17:05:57] PeacenLuv : btc timechain join the squad its munnee longz lossez without [2024-05-12 17:06:14] PeacenLuv : im a salesman beware [2024-05-12 17:06:30] PeacenLuv : btc not good for you..hammeritt longg [2024-05-12 17:06:45] doublecheese : jjhiijiji: if that's the case then rest of 2024 won't be very exciting. It cannot pump up only for 2 years straight. [2024-05-12 17:06:49] PeacenLuv : bearz fully bully nullifiried [2024-05-12 17:07:04] PeacenLuv : btc bearz nullyfried [2024-05-12 17:07:18] PeacenLuv : not even fries now mronneerottenz [2024-05-12 17:07:24] doublecheese : 3 years counting 2023. [2024-05-12 17:07:25] PeacenLuv : good food for ratz [2024-05-12 17:07:30] PeacenLuv : noteven bearz [2024-05-12 17:08:15] PeacenLuv : btc up to u step back or forward 1 choice [2024-05-12 17:08:27] jjhiijiji : doublecheese: yes it can [2024-05-12 17:08:47] PeacenLuv : sink or swim only 1 choice [2024-05-12 17:09:01] jjhiijiji : doublecheese: especially when the printers start going brrr, markets can just keep going up for a very long time [2024-05-12 17:09:19] jjhiijiji : and now that bitcoin is a lot more tied to traditional markets [2024-05-12 17:09:31] jjhiijiji : if markets pamp for years, most likely is that bitcoin will too [2024-05-12 17:09:34] PeacenLuv : why alts ?sumeonez smarted than satoshi on the whole [2024-05-12 17:09:50] PeacenLuv : i heard satoshi burned a 3rd of the available [2024-05-12 17:09:57] PeacenLuv : to speed things up [2024-05-12 17:10:09] PeacenLuv : burn half yur stash see if it werx [2024-05-12 17:10:11] jjhiijiji : strarting next year if nothing stop the cuts and eveyrthing smooth and we cut down rates all the way to where they were a few years ago, you can bet ur ass the pamp will probably also go for years [2024-05-12 17:10:17] doublecheese : jjhiijiji: yeah makes sense. Sooner or later rates will be cut and printer resume. [2024-05-12 17:10:29] PeacenLuv : shud theoretically dubl the unknown value of yurz [2024-05-12 17:10:31] doublecheese : I wonder when. [2024-05-12 17:10:51] PeacenLuv : feds dont make btc always remember that [2024-05-12 17:11:07] PeacenLuv : so y read fiktion/feds for a clue on real btc [2024-05-12 17:11:14] jjhiijiji : QT is already tampering [2024-05-12 17:11:20] PeacenLuv : you kidz [2024-05-12 17:11:30] jjhiijiji : tapering* down [2024-05-12 17:11:41] jjhiijiji : we know it because the fed announces its policy [2024-05-12 17:11:48] jjhiijiji : you dont need to try and imagine when theyll come [2024-05-12 17:11:50] PeacenLuv : this 61.4 real but prolly showing underevaluated [2024-05-12 17:11:51] jjhiijiji : they literally tell you [2024-05-12 17:12:47] jjhiijiji : right now we know their mane focal points are two things (focal points change depending on the situation) [2024-05-12 17:12:52] jjhiijiji : its job market and inflation right now [2024-05-12 17:12:58] ilPanino : jjhiijiji: 800 on 5 min is acting like trampoline, now i want to see the 200 on 30 minute do the same. [2024-05-12 17:13:07] jjhiijiji : if both of those cool down, we know they will cut in summer or by end of year, for sure [2024-05-12 17:13:21] jjhiijiji : we know this becausew this is what hthey have told us [2024-05-12 17:13:25] jjhiijiji : this isnt a 'guessing game' [2024-05-12 17:13:26] PeacenLuv : lol dont dump your oil..youll be fined its a holdd [2024-05-12 17:13:39] jjhiijiji : ilPanino: i was about to message you, trampoline time? [2024-05-12 17:13:44] PeacenLuv : oil liabilities overdue [2024-05-12 17:13:54] jjhiijiji : please tell me they are trampolines now :pepe: [2024-05-12 17:14:00] jjhiijiji : like upward ones for feet [2024-05-12 17:14:02] PeacenLuv : not everything low risk like btc [2024-05-12 17:14:22] ilPanino : jjhiijiji: it looks promising, what we want now is a chain effect of trampolines. [2024-05-12 17:14:42] ilPanino : if it starts curving of, it will be reistance time instead. [2024-05-12 17:14:54] jjhiijiji : on the higher hours it was still below [2024-05-12 17:15:10] jjhiijiji : 2h and 4h we did a reverse tampoline [2024-05-12 17:15:41] PeacenLuv : https://www.tradingview.com/x/d94l19dX/ bully 1hr btc pumpp [2024-05-12 17:16:00] ilPanino : yes they did, larger timeframes always win, so a chain effect from the smaller to the upper is what we are looking for, because if it starts a chain effect, it is very likely it will move up all the way to weekly. [2024-05-12 17:16:06] PeacenLuv : whos gunna cover the fentanyl damage vs profits unpaid liabilities [2024-05-12 17:16:51] jjhiijiji : i would like that. [2024-05-12 17:16:52] jjhiijiji : very much. [2024-05-12 17:16:55] ilPanino : trying some per trading in a dex for the first time, slighly different experience. [2024-05-12 17:16:59] ilPanino : perp* [2024-05-12 17:18:01] ilPanino : used swaps and stuff since forever, but never perps, probably gonna rekt due to low liquidity. :pepe: [2024-05-12 17:18:02] jjhiijiji : doublecheese: doublecheese: the amount of liquidity that will start entering the market in the middle of the QE cycle once its properly taking effect will be so staggering, that even imagining a bitcoin short during that time would scare the sh!t out of me. [2024-05-12 17:18:38] doublecheese : jjhiijiji: I am very ignorant and not informed regarding to this, but how exactly rate cuts and printing are gonna help employment and inflation? Genuinely asking. [2024-05-12 17:18:55] jjhiijiji : doublecheese: this didnt happen other times because only now bitcoin has been legitimized to the point that institutional investors can pile into them with no legal hurdles etc [2024-05-12 17:19:16] jjhiijiji : doublecheese: so when you want to reduce inflation and reduce prices... you increase the rate cuts [2024-05-12 17:19:27] jjhiijiji : this happens because rate cuts makes it more expensive to borrow money [2024-05-12 17:19:41] jjhiijiji : so the money that flows ino the markets is reduced, which means also companies are effected as well as infividuals [2024-05-12 17:19:47] jjhiijiji : this usually results in the economyt slowing down [2024-05-12 17:19:51] jjhiijiji : rising unemployment [2024-05-12 17:19:54] jjhiijiji : and prices get cheaper [2024-05-12 17:19:56] jjhiijiji : people can afford less [2024-05-12 17:20:00] jjhiijiji : businesses doing less well, etc etc [2024-05-12 17:20:04] jjhiijiji : so inflation goes down [2024-05-12 17:20:19] jjhiijiji : now if they see that inflatiuon is now reaching lower levels, and the job market is taking a hit because high rates are taking their toll [2024-05-12 17:20:24] jjhiijiji : they start to 'ease' [2024-05-12 17:20:34] jjhiijiji : meaning they start to make it cheap again to borrow money [2024-05-12 17:20:55] jjhiijiji : individuals and companies who hire individuals etc, start picking up more speed, they start re-investing and focusing on growtn again [2024-05-12 17:21:12] jjhiijiji : so during easing, a lot of liquidity is re-introduced back into the market [2024-05-12 17:21:46] jjhiijiji : thats why stuff like rockets in the middle east, which could cause oil spikes, which means high transportation costs etc, which leads to price increases, can lead to higher inflation which means dump [2024-05-12 17:21:53] jjhiijiji : everyrthing is connected in this sense [2024-05-12 17:22:10] doublecheese : jjhiijiji: oh, I see. Very clear explanation, thank you :) [2024-05-12 17:22:25] jjhiijiji : now, peopl like bnq think this is all nonsense and that the lines define what will happen [2024-05-12 17:22:48] jjhiijiji : but dont listen to the crap [2024-05-12 17:22:57] jjhiijiji : lines will help you a lot with your positions [2024-05-12 17:23:00] ilPanino : Everything is linked together, there has to be balance, in the times of imbalance is when markets moves insane moves. [2024-05-12 17:23:01] jjhiijiji : adding, entering, exitin, trimming [2024-05-12 17:23:12] jjhiijiji : but when it comes to really trying to predict something [2024-05-12 17:23:19] jjhiijiji : you NEED to learn market fundamentals (not bitcoin fundamentals) [2024-05-12 17:23:37] jjhiijiji : how markets work, how they are all linked, how do large funds adjust their portfolios in high rate envinroment? [2024-05-12 17:23:48] jjhiijiji : what happens to their portrolio adjustments in a low rate environment? [2024-05-12 17:23:52] jjhiijiji : how does SMART money move [2024-05-12 17:24:04] jjhiijiji : when do they go into bonds, when do they go OUT of bonds, where are tyhey going into when they exit the bonds? [2024-05-12 17:24:24] jjhiijiji : like ull also see (always) that high rates = treasury yields go back up [2024-05-12 17:24:30] jjhiijiji : like 99% of the time or smth [2024-05-12 17:24:32] ilPanino : Most retail is right now getting more and more poor all over the world due to insane corona politics a few years back, economies are still in imbalance. Hopefully, we will start seeing an opposite trend from now and a few years ahead where retail once again start getting more money left over, or of they succeeded to make them permanently poor. [2024-05-12 17:24:44] jjhiijiji : so big companies PILE into bonds which are safe, and exit stuff like stocks [2024-05-12 17:24:50] jjhiijiji : and they go to the dollar too [2024-05-12 17:24:52] jjhiijiji : so dollar pumps [2024-05-12 17:24:55] jjhiijiji : and treasury yields pump [2024-05-12 17:24:57] jjhiijiji : and stocks drop [2024-05-12 17:25:01] jjhiijiji : they are reducing risk [2024-05-12 17:25:13] jjhiijiji : when the risk is low and its low rates, they can exit bonds and go into stocks and higher risk assets [2024-05-12 17:25:15] ilPanino : The long term goal is to keep the lower class where it belongs, at the bottom. To get out of it is a privilege not a right. (this is how the top 0.1% thinks, not says) [2024-05-12 17:25:38] jjhiijiji : ilPanino: they have taken a hit these pasty years [2024-05-12 17:25:41] jjhiijiji : the retail [2024-05-12 17:25:47] jjhiijiji : covid, then we had a not so good economy [2024-05-12 17:25:52] jjhiijiji : never fully recovered [2024-05-12 17:26:03] jjhiijiji : RRP kicked in and saved the stop market and injected into mag 7 more than anything [2024-05-12 17:26:08] jjhiijiji : the people ate sh!t and rates went high [2024-05-12 17:26:22] jjhiijiji : but now we can start to east and gdp growth is kinda ok so retail will start having money again in next years [2024-05-12 17:26:24] ilPanino : jjhiijiji: This is also why, the bitcoin hype cycle never took of this time around. But it is still not yet to late. [2024-05-12 17:26:34] jjhiijiji : ilPanino: yeah it didnt for sure the same way [2024-05-12 17:26:40] jjhiijiji : people were way tighter these past 2 years [2024-05-12 17:26:46] jjhiijiji : when all that eases up [2024-05-12 17:27:12] jjhiijiji : and retail starts getting money back, swagwe growth will go higher in a prospering economy, people wil havew more savings and start to take loans.. [2024-05-12 17:27:18] jjhiijiji : at that point [2024-05-12 17:27:21] jjhiijiji : we will have the retail full fomo [2024-05-12 17:27:26] jjhiijiji : in its full glory [2024-05-12 17:27:26] ilPanino : I am starting to see some easing up, i am starting to see food prices getting lower or stagnant, things are slowly looking brighter. [2024-05-12 17:27:35] jjhiijiji : yeah and oil also going down [2024-05-12 17:27:48] jjhiijiji : as long as dont have renewed tensions and sh!t just keeps going as it is [2024-05-12 17:27:49] ilPanino : Normal peoples savings are finished now, they have nothing left... [2024-05-12 17:28:06] jjhiijiji : yeah next years will be better