This is too out of scale to be a "candid" long position building. Noticing it started when BAKKT started. Maybe a coincidence? This is something I will try to look into. Very intresting. Opened a thread: this thing is too interesting IMHO: LONGS on BITFINEX going PARABOLIC If enough of these longs get liquidated, all the hell will brake loose. They have been building this longs since one months. Whoever did that has deep pockets Longs are building, but shorts are building faster. The long / short ratio is still at record highs but falling fast. Shorts continue to pay longs a modest amount on Bitmex.  |
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Hairy, so sideways for this week?
At our current price we collide with the support line on .... 25 December. So theoretically could go sideways until then but seems pretty unlikely. Yep, 6k-6.4k area soon, but bounce back after that, January or February. Forgot who posted this in this thread before but the patterns are extremely similar to March-April 2018.  It's important to note that the bounce back expected will be a failed rally. The bearish trend is still very clear at the moment. Nothing indicates a price above 11k anytime soon. Yes we will have a spike before the halvening. But the halvening is in May. It’s really not that long away and the supply side constriction will start to be felt within a month or so. The idea we will be plumbing some new low in December 2020 is really highly unlikely. |
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Hairy, so sideways for this week?
At our current price we collide with the support line on .... 25 December. So theoretically could go sideways until then but seems pretty unlikely. |
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Looking forward to seeing which of these lines holds. Hopefully it is the base line support coming from down below.  Well the base line is still holding for the moment. Although the price pattern is not quite what I had in mind.  |
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Our next inflection point is the long term support line on Bitstamp. Once again, our tendency to sit on the support line like a duck on an egg, is not a good sign. When this one breaks it should be a doozy. But it could also be the capitulation bottom we so desperately need.  Detail:  |
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Boeing finally reads the poop manifesto on the wall and halts the MAX production line. They have been rolling the goddamn things out and parking them nose to tail for months.
This is what peak malinvestment looks like. Where are the shorts, activist investors and proxy advisors to whip the board into shape? |
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It's time to panic ? SELL OFF
3k incoming. Lol not a chance You seem to be triggered like the other all-in people.  I am fully hedged against a sub $3k move. Just being realistic, it’s not going to happen. |
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It's time to panic ? SELL OFF
3k incoming. Lol not a chance |
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Is that the promised mid-December doom-and-gloom?
Yes. Although remains to be seen if it lives up to the hype. Here’s the breach of the CME support line.  |
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The move is on $6908. Let’s do this.
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European traders have been more active .. European hours have been the most active in the last month.
Here hourly volumes in UTC time for BitMEX's XBTUSD contract
Morning you get Asia + Europe and afternoon Europe + US. Will be hard to disrupt time zones!  Source: https://twitter.com/skewdotcom/status/1206301760039591936 US traders are banned from Bitmex. It’s not surprising that they are less active on Bitmex. |
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man just readying that hurt my head. i am so glad i never got into apple products...
not that windows is remotely perfect, mind you...
it all sucks donkey balls fucking computers man...sometimes I just have to go down and listen to the creek Any reason you can’t run a Win7 box airgapped? that is the current situation out there, so, no internet for those "how the fuck does this goddamn thing come apart?" or "what the fuck is that in freedom units?" moments I love you man but right took for the job. Use the phone in your pocket. #nohomo |
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Like I said. There is a shit ton of money to be made from people who don’t take responsibility for themselves. Like ‘long acting’ opioids. Great little earner.
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UK rejected hardcore red socialism in favour of softcore blue socialism ... meh.
If you believe that Boris is a blue socialist, I have a bridge to sell you. |
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Well, looks like the Brit gits are about to commit economic suicide. Thank heavens there is bitcoin so the people can exchange their worthless "pound" for something that will have value.
I'm going to enjoy watching this unfold.
The Brits are going to go kamikaze free market / deregulation. They want to be the British Virgin Islands. A lot of people are going to make a lot of money out of this. Sucks for the poor and vulnerable in the regions but they voted for it so fuck em. This is going to be more fun than the break up of the USSR. That's the spirit. They just need to stop being poor. I'm beginning to like you. мoлoдeц Brexit ain’t gonna help them being poor. Oh no sirree. We gonna do red tape reduction. We gonna get us some class A poker machines. Next we are going to deregulate payday loans so Workington man can pay 900% interest per annum. We are going to gut the Consumer Credit Act. And GDPR? Lol fuck privacy. |
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man just readying that hurt my head. i am so glad i never got into apple products...
not that windows is remotely perfect, mind you...
it all sucks donkey balls fucking computers man...sometimes I just have to go down and listen to the creek Any reason you can’t run a Win7 box airgapped? |
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Well, looks like the Brit gits are about to commit economic suicide. Thank heavens there is bitcoin so the people can exchange their worthless "pound" for something that will have value.
I'm going to enjoy watching this unfold.
The Brits are going to go kamikaze free market / deregulation. They want to be the British Virgin Islands. A lot of people are going to make a lot of money out of this. Sucks for the poor and vulnerable in the regions but they voted for it so fuck em. This is going to be more fun than the break up of the USSR. |
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 For that price, customers do not get the display – which starts at $4,999 – or the $999 stand that holds up that screen. I am aware of someone who just blew US$250k in cloud processing charges. They basically said "I wonder what happens when I push all of these buttons at the same time". Now they know. They melted the cloud and scaled out the ying yang and then had to pay for it. Under those circumstances a box which has 1.5TB of ram which can handle some big jobs for $60k looks like a bargain. Might run a bit warm under the desk tho. |
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Whatever was causing the ridiculous long / short ratio on Bitfinex has somewhat eased. It is now only sublime. Note: this is caused by a sudden uptick in the number of shorts, not a decrease in longs. Volatility, she is coming.  |
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