Bitcoin Forum

DO THIS AT YOUR OWN RISK. I AM NOT A FINANCIAL ADVISOR. YOU CAN LOSE ALL YOUR MONEY TRADING. I AM POSTING THIS FOR ENTERTAINMENT PURPOSES ONLY.

So it seems there is a very popular live youtube stream where some individual trades live bitcoin and ethereum in position sizes from $5-$20M. His channel and twitter is called "Crypto Face".

At first when I saw this I assumed it was faked somehow because why would anyone trade live with such large positions where strangers can clearly see your liquidation and stop loss prices.

However after following him LIVE for a few session I can see that he indeed is trading live. If you want to find his live trading channel just go to Youtube and search for "Crypto Face" I don't want to post any links here.

Here is the issue....

Most of the streams that he starts, he is already in profit. So it doesn't really help the people joining in. What I noticed is that usually his stops get run in most of his videos. He basically has maybe $5-10M worth of stop loss @ market when the index price hits a certain price and usually there is a flash crash.

I think the reason why this happens is because even though his position is $5-10M, he usually has 5000-10000 people following him view on his channel. So I am guessing that people are copying his every move, basically longing when he longs and putting stops in the exact same spot.

Last trading day on his channel on March 13th, he had about $9.50M stop loss at $59700. However given how popular his channel has gotten, there are probably hundreds of smaller traders where their stop losses combined is maybe north of >$50M.

So at around noon on March 13th, some larger whale decided to take advantage and stop him and his followers out because there was a huge 1 minute candle of $170Million contracts and the minute after the market resumed its uptrend and broke $60K on spot.

This is why its never a good idea to post your stop loss and liquidation price LIVE especially when its near 8 figures, and when you combine it with his followers probably closer to 9 figures.

So if you want you can basically countertrade him, when it looks like it like about to run his stops, use a stop-loss limit price right above his stop losses and quickly take profits when the cascading stop losses are done. And later on you can long because the whale who tried to stop him out will most likely cover his short and go long.

DO THIS AT YOUR OWN RISK. I AM NOT A FINANCIAL ADVISOR. YOU CAN LOSE ALL YOUR MONEY TRADING. I AM POSTING THIS FOR ENTERTAINMENT PURPOSES ONLY.

So the guy is LIVE right now with another video,

https://www.youtube.com/watch?v=fVYMu5hUHxw

His entry is 56583 and his stops are all sligtly above ~56700 or so. This is on Bybit BTCUSD.


He has about 4000 people watching his video live right now. So I am guessing that if the market turns most likely there is going to be a nasty cascading stop loss liquidation around the ~$56700 area.

As you said, not sure what this guy is thinking - not a particularly bright idea to be sharing your stop loss/liquidation.

Sort of reminds me of the GME fiasco. The whole ordeal about GameStop was literally caused by the fact that institutions are obliged to disclose their shorts. Otherwise, WSB would have never been able to target individual entities.

Your proposed countertrade works in theory but will still be incredibly risky. Things can go south quickly for the relatively small potential profits that you're chasing.

According to Bank of America research it takes $93 million to move bitcoin by 1%. I doubt that someone is hitting bitcoin with 300-500 mln $ to push it down by 3-5% to hit stop loss of 1 youtuber and his viewers and trigger 10-20M order.

How do i know that? Its so funny. I was just reading this thread - Bank of America: It takes $93 million to move Bitcoin's price by 1%. (https://bitcointalk.org/index.php?topic=5325217.msg56610364#msg56610364) literally 5 min ago :)

Isn't it better to spend those 300 mln $ to push price below strong support lines to trigger stoploses from all TA (technical analysis) traders? For example this chart:
https://i.imgur.com/CZ97yGE.png

I bet that every single short term trader that is trading on 5m even to 4H candles has stop loss around 0.004. You see my point? you dont need to know where 1 person has stop loss when you know where literally everyone have. Because they place it based on well known TA technics

If the price of Bitcoin can be affected by a single YouTube, it is unlikely that I would invest in it because it is not a safe haven and I would not advise anyone to buy it.
Whatever the amount he invests with, they will not be counted as having an effect of 1% or less, which will not change because the market is highly volatile by more than 50%.
Such channels may be useful for knowing the volumes of liquidity of some altcoin with low market capacities, but always remember, there is nothing free so spend some time learning the basics instead of randomly following someone who wants to make profits quickly.

I am not saying that one YouTube channel can change the long term price of Bitcoin but it can change it on the 1M charts.

Last week I noticed that he stopped showing his stop losses, I think in one video he just cut the stream and closed his trade behind everyone’s backs.

But when i first made this thread I noticed that whenever his stop loss is Public, usually there is some whale that attempts to run his stops and his followers.

His position might be only 5-10M but his followers probably got another 50M across different exchanges. So it’s not that difficult to tip the dominos once they start to fall, which we observed a few times in the past.

Keep in mind this is all leverage futures trading so basically anyone with $10K in fiat can open a $1M position with very little margin to put up. Hence it doesn’t make difference long term but can  in the short term.

Guy is in another LIVE trade and his channel is getting more and more views. Currently 5000 live views from 2-3K from a couple weeks back.

https://www.youtube.com/watch?v=h64Z6EXyBXY

Currently he is long at $56081 (Bybit price) and I am assuming he has thousands of followers that entered at around the same price. Price has traded sideways for the past hours so we can assume his followers all got an entry at $56000.

Now assuming leverage as follows, liquidation prices would be at,

100x leverage = $55750
50x leverage = $55200
25x leverage = $54150

Judging by the comments in the chat, most people are using 25-100x leverage when copying his trades. I am going to take a long if I see some type of whale activity where they try and liquidate all these high leverage positions that opened a position at $56K.

Thank you very much for sharing, I will be aware of that Youtuber, I thought that he entered the market with a position in LONG and protected it with leveraged SHORT, the risky thing about these positions is that it is a lot of money and every move he makes against it is a very loss. long or consequently a very good profit, but it is risky for the reason you say, just because of the whale he did, d the other followers cannot make the market move, many can enter the same positions as him but to move the market they you need the money of the Youtuber or even more.

The person who broadcasts live on YouTube is another YouTuber friend but of Latin origin, but he has not made that amount of money, he has only moved $ 100k.

That’s what a lot of people think he is doing. Basically flashing his $10M positions and taking the opposite trade on another account or exchange. Bybit allows you to have multiple accounts so he can actually just buy and sell into his positions with no risk except the trading fees.

He makes good money on maybe half his videos, he does have videos where there are loses and some of his videos start when he is already in profit so people can’t copy his trades.

What is strange is if he is making $250,000 a day why waste your time selling some $20 month trading course?

Maybe he has a tool that auto change HTML file adding 4 zeros at the end of his position size? Everything is possible.


It means that we has at least 20M and is able to pay 0.075% * 20M = 15k$ in fees just to make a youtube video and shill his $20 trading course. That's super unlikely.

I remember someone like this in the early days. He did pump an dumps like this, and because of this he got a lot of attention and eventually got screwed over.

Dude, you are referring to bitcoin futures trading, perpetual futures trading. these guys are trading bitcoin futures with high leverage. It's high risk with huge rewards. I started trading bitcoin futures on Binance in August 2020 with small leverages - 10x, 12x, 20x, up to 35x max going long on bitcoin prices. I made some decent profits but I got liquidate for going 50x on bitcoin in January 2021 and I lost my investment. I'm currently focussing on bitcoin mining and gambling to recover my lost investment from bitcoin futures high leverage trading. Darn, it was fun but i'm paying the price ;)   

So his reason for having live streaming while trading is for just attention?
Seems like he really got a lot of money for this. For sure the money he is trading is very small for him, this trader is probably extremely rich.
We all know that showing your stop loss online or trade position is very risky, but this trader is brave enough.

Sound interesting. But even if he does not public his trades, larger institutions can easily spot out his stop loss and make a sweep. It is certainly risky when you make a stop loss quite near compare with the current price. Counter trade can be a good idea. But in a long run it does not prove anything and if this guy suddenly disappear, you will become deviant

As long as you can still benefit yourself with this method, just give it a try. But things will get easier when you know how to trade appropriately. A variety of trading techniques are everywhere on the internet. The harder you work, the better the results you can get. Thus, always try to improve yourself, obtain new knowledge and become a better trader

Judging from the Youtube comments, when he is trading, especially on weekends with lower liquidity, it does affect the markets. Yesterday I said that some of his followers use 100x leverage and what happened was around that 100x price ($55742) price dipped there and rebounded. And usually when he starts his stream, the Bybit premium is much higher than most other exchanges.

When he stops his stream, usually the premium goes away and if he is long there is a sell off, which is what happened at March 27th at 23:40, he stopped his stream and price went downhill from $56080 (his average entry) all the way to $55572. Most likely people had no idea what to do so they just closed their trades. Some at break-even and some at a loss.

Guy just stopped another live stream. He stopped the stream at 14:51 March 29th. And like clockwork as soon as his live stream stops, there is a massive sell off. Price went from $58160 all the way down to $57300, moments later.

The Bybit premium also disappeared and if you compare the volume profiles you will see Bybit had massive red volume candles. If you sold when he ended his stream and bought at that nasty bybit 1M spike you would of had 2 very profitable trades with little to no drawdown.

If the stream is added to his channel I will post the link. However not all his live streams make their way to his channel.

Today there was a crazy liquidation event due to his streams. On Bybit there was a nasty wick all the way down to $54500 while on spot exchanges the low was $57500. The guy was on a roll, tons of viewers copying his trades. His mistake again was showing his stop loss public. The whales knew his stop loss but worse they knew the stop loss of all the viewers. Here is the video stream,

https://www.youtube.com/watch?v=baJ_sfJ9tac

His stop loss for BTC was at $57800 and stop for ETH was $3124. Then the cascade long liquidation started right after his stream ended. Basically when his stop was hit so was the stop for tons of other traders and in that 1M candle there was $340M volume. The ETH pair didn't have such an event. Which means most traders copied his BTCUSD trades.

If you bought the wick you would of been in good profit. Probably would of been difficult to get an order in however.

^  And it looks like the liquidation ain’t stopping.  I mean Jezus H Christ!  I’ve had three shorts stopped with losses and then a couple of days later this happens.  I’m not really sure what’s going on with the market anymore.  Lol.  But it looks like it’s just bots trading back and forth with leverage trying to eek out some profit from each other.