Discover and read the best of Twitter Threads about #bitmex

Most recents (7)

Brief reality check on what caused last 10 days of #bitcoin upside. Sure seems driven by #tether fear and people moving their money off #bitfinex $USDT (on a potentially bankrupt exchange) into $BTC and out to a safe place. Funds may not be #SAFU. Below #bfx to #bitstamp premium.
According to @thetokenanalyst, #bitfinex had net #bitcoin outflows of 112,500 $BTC since #tether news broke. That's 620m USD roughly. Assuming #bfx data accurate it would be entire traded volume in BTC to stablecoins since then. Bankrun in slow-motion with no one around noticing.
Further point on this - I have never seen positioning in #bitcoin on #bitmex be so Bullish (ie 1.7x Longs/Shorts) but at the same time seen mex futures in such strong backwardation (ie discount to present). Means market really wants $BTC now, but in three months - not so much.
Read 5 tweets
1/ Today's breakout in #bitcoin price feels to me to be very real. I used bitcoin futures data to come to my decision. Have a look.


#crypto #xbtusd #bitmex
2/ The following chart is the past 36 hours of a 1-minute snapshot of the price of BTC (.BXBT, Orange Line) and the delta (Blue Line) between it and the Bitcoin futures contract that expires on September 27 2019 (XBTU19). The right side shows a huge drop in the delta, but why?
3/ If we zoom in, we can see a huge swing in the delta from +13.19 to -31.68 in just 2 minutes. This was when BTC pumped to $5391.68, but the delta was quite negative, putting the futures in a state of backwardation.
Read 9 tweets
I might not be making money yet myself, waiting for my #ALTs to moon, but at least I'm useful to someone(my best friend since Jr. High and college roomate).

$PINK $PIVX $ONG $MTL $LIFE (I'll mention the other good coins when I'm able to get in on them 😀). Must pump these first.
#bitcoin doing well since my "extremely bullish" proclamation to my friend about 25 minutes ago at the bottom of the most recent short-term dip.

Give the fuck up, bears! You're done for! #MuellerMayhem incoming!

Read 3 tweets
Back home, still no position for me.

Waiting on D1 close, the difference between #bitfinex and #bitmex is irritating.

/2 $BTC D1:

1) #Bitfinex: closed above range low AND yday's low: long signal.

2) #BITMEX: closed below range low / above yday's low: mixed feels...

H4: Possible 'bullish spring'. Confirmation would be a close and hold above red pivot / 3200$ swing-low.

No position for now.
/3 starting to 'pop-up' but I am not convinced enough for a trade.

H4: NOT longing unless we reclaim top red block. IF we do I will zoom in for entry precision and depending on the PA I might long with 3350$ target in mind.

Weekends are tricky, so I am picky. $BTC
Read 7 tweets
Bitmex Maintenance Drama Thread:

My intention in writing this thread is to elucidate the most salient points regarding recent PA and the #Bitmex drama. There has been a lot of noise in the past 24 hours, hopefully this will help to cut through it all.
As far as I'm concerned there are 2 primary potential explanations for the pump.

The first of course being manipulation.

There were a number of suspect activities that occurred prior to the event (hidden buy walls maintaining/increasing price, $100m of USDT moved to exchanges).
Bitmex maintenance would also be the best time to manipulate as 40% of liquidity is/was absent. Though it cannot be proven, it would certainly make a lot of sense for this to have been manipulation as it would have been extraordinarily profitable.
Read 12 tweets
Thank you for participating. $TRX up 108% followed by full retracement in seconds. #Bitmex
That really happened. Those are trades. Traders got filled there, long and short.
Lo and behold, 108% in seconds? Peanuts!

$XRP up 400% followed by full retracement in seconds. #Bitmex
Read 3 tweets
1/ It seems every #trader has to do the same mistakes as their predecessors. There are #wisdowms you will only understand, if you have experienced them yourself. In this thread I will give you the #wisdom, which can make the difference between being broke and driving lambos #btc
2/ Money is made in big swings

When realizing what profits can be made with trading, many start daytrading and want to #profit from every movement. You won't make more #money. Instead you will lose plenty of time. Watch big time frames and take positions for weeks #btc #trading
3/ When entering a #trade, have targets and a stop loss order

There is nothing more for you to do. There are two outcomes:

-you being stopped out
-you reaching your target

either is fine

realizing losses > being a bagholder
realized profits > unrealized profits

#btc #trading
Read 14 tweets

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