All posts made by RGR991 in Bitcointalk.org's Wall Observer thread
1.
Post 15074727 (copy this link) (by RGR991) (scraped on 2020-04-04_Sat_14.51h):
Not a short yet, soon to be in the low 600's though
4hr candle on Huobi looks like trouble for the bulls though.
2.
Post 15184588 (copy this link) (by RGR991) (scraped on 2020-04-04_Sat_14.52h):
paused right at the 685 high from June of 2014
will it decline from here or continue up...I'd short it but this thing is way to explosive to the upside.
3.
Post 15184739 (copy this link) (by RGR991) (scraped on 2020-04-04_Sat_14.52h):
685 broken on finex..next stop 990-995 on my chart
I wonder how many bucketshops based in trading BTC are going to go broke in the next few weeks if they are holding net short on BTC/USD
4.
Post 15191924 (copy this link) (by RGR991) (scraped on 2020-04-04_Sat_14.52h):
parabolic moves always end in tears..who dumps first, the Chinese or the West....
I am still hoping to see 900-990 before it happens though
5.
Post 15227890 (copy this link) (by RGR991) (scraped on 2020-04-04_Sat_14.53h):
Nice churn down here around the 680-700 level, an important area from 2014...should see the spike to 900-990 soon..Then the real pullback will begin..
6.
Post 15228121 (copy this link) (by RGR991) (scraped on 2020-04-04_Sat_14.53h):
Finex above Huobi.
The west is taking control
7.
Post 15228701 (copy this link) (by RGR991) (scraped on 2020-04-04_Sat_14.53h):
I will take 800 tonight if you insist
8.
Post 15229131 (copy this link) (by RGR991) (scraped on 2020-04-04_Sat_14.53h):
finex priming to run again
9.
Post 15231207 (copy this link) (by RGR991) (scraped on 2020-04-04_Sat_14.53h):
Euro's need to join the fun and take us to $800
10.
Post 15231275 (copy this link) (by RGR991) (scraped on 2020-04-04_Sat_14.53h):
finex wants to run again getting ahead of Huobi
11.
Post 15238137 (copy this link) (by RGR991) (scraped on 2020-04-04_Sat_14.53h):
In need of a shake to stop out leveraged longs before it goes past the 5000CNY mark...imo
Someone flashing multi million $ ask walls on finex....trying to induce fear
12.
Post 15239397 (copy this link) (by RGR991) (scraped on 2020-04-04_Sat_14.53h):
13.
Post 15239639 (copy this link) (by RGR991) (scraped on 2020-04-04_Sat_14.53h):
that looks like a dbl top trying to form on Finex
14.
Post 15244624 (copy this link) (by RGR991) (scraped on 2020-04-04_Sat_14.53h):
China wants to run it again, Huobi and Okcoin primed, they have also taken back the lead from Finex who led the last charge.
Unreal how there are no real pullbacks, In the end this is going to cause a violent snapback at some point.
15.
Post 15245915 (copy this link) (by RGR991) (scraped on 2020-04-04_Sat_14.53h):
So if everyone is leveraged long to the max on all the exchanges(83%L 17%S on Finex)....who is going to step in and be the buyer when the price starts to go down
USD swaps are essentially vertical on Finex....
16.
Post 15246027 (copy this link) (by RGR991) (scraped on 2020-04-04_Sat_14.53h):
I went from long from 400 to 770 to leveraged short now...
squeeze me if you dare
17.
Post 15246410 (copy this link) (by RGR991) (scraped on 2020-04-04_Sat_14.53h):
4M sell to 890k buy on Finex past 1hr
18.
Post 15246440 (copy this link) (by RGR991) (scraped on 2020-04-04_Sat_14.53h):
Well that was a quick 30% on short position gotta love the leverage these exchanges let you use
19.
Post 15260484 (copy this link) (by RGR991) (scraped on 2020-04-04_Sat_14.53h):
Our Chinese overlords may be trying to pump it here
20.
Post 15260520 (copy this link) (by RGR991) (scraped on 2020-04-04_Sat_14.53h):
It's funny how, when the price is going up, I'm totally convinced the nature of Bitcoin is to keep going up eventually to $32,768, and then when the price is going down, I'm totally convinced the nature of Bitcoin is to keep going down eventually to $1 after some grand plot is revealed (jaded penny stock investor), and the only difference changing my feelings... is the color of the candles.
It is only human nature, it is why opportunities are created in times of extreme greed as well as extreme fear.
I would gladly take trading on the OTC markets over Finex,Huobi and Okcoin
at least the OTC is not working to manipulate the price like these exchanges probably are.
21.
Post 15268523 (copy this link) (by RGR991) (scraped on 2020-04-04_Sat_14.53h):
Woke up to a price $40 higher then I went to sleep.
Good job boys, lets go to $800+ today
22.
Post 15270455 (copy this link) (by RGR991) (scraped on 2020-04-04_Sat_14.53h):
Finex trying for 800
23.
Post 15270488 (copy this link) (by RGR991) (scraped on 2020-04-04_Sat_14.53h):
okcoin weekly futs $1 under 800
24.
Post 15298391 (copy this link) (by RGR991) (scraped on 2020-04-04_Sat_14.53h):
I am thankful right now I don't keep any coins on Finex
Trading has been paused while we investigate an infrastructure issue. The issue does not involve funds or system security.
25.
Post 15299513 (copy this link) (by RGR991) (scraped on 2020-04-04_Sat_14.53h):
39M in leveraged longs must be feeling real good on Finex right now..
26.
Post 15299571 (copy this link) (by RGR991) (scraped on 2020-04-04_Sat_14.53h):
China dumping hard.
27.
Post 15299586 (copy this link) (by RGR991) (scraped on 2020-04-04_Sat_14.53h):
coinbase at 694
28.
Post 15299648 (copy this link) (by RGR991) (scraped on 2020-04-04_Sat_14.53h):
Coinbase touched 670..
Such liquidity much wow on that exchange
29.
Post 15299660 (copy this link) (by RGR991) (scraped on 2020-04-04_Sat_14.53h):
Chinese won't move up until they are sure Finex is not MtGox 2.0
According to Reddit they are not processing withdraws
For anyone wondering, you cannot withdraw any BTC from Bitfinex. You can get fully approved but nothing will execute.
30.
Post 15299852 (copy this link) (by RGR991) (scraped on 2020-04-04_Sat_14.53h):
Coinbase dumping into the 670's while Huobi trying to pump into the 720's
31.
Post 15299937 (copy this link) (by RGR991) (scraped on 2020-04-04_Sat_14.53h):
39M in leveraged longs on a broken exchange..This could be a epic disaster if they don't reopen it correctly.
32.
Post 15299948 (copy this link) (by RGR991) (scraped on 2020-04-04_Sat_14.53h):
Coinbase just traded down to 650
33.
Post 15300310 (copy this link) (by RGR991) (scraped on 2020-04-04_Sat_14.53h):
Finex rep over on Reddit is in overdrive trying to get people to not panic. 2hrs into this "network outage" are things really as they appear
With a book that is way over leveraged to the long side the longer they wait to re-open and the lower the price goes on other exchanges the more dangerous this becomes
stamp and coinbase both back into the 680's.
34.
Post 15300360 (copy this link) (by RGR991) (scraped on 2020-04-04_Sat_14.53h):
okcoin down now?
This night just gets better and better
edit: nvm back up just slooow
35.
Post 15300444 (copy this link) (by RGR991) (scraped on 2020-04-04_Sat_14.53h):
Coinbase trades at 666...how nice
Redditors are screaming at the finex rep to play "ref" when they bring it back online so they don't lose in their over leveraged positions
Welcome to free markets...
36.
Post 15300604 (copy this link) (by RGR991) (scraped on 2020-04-04_Sat_14.53h):
Finex is such bs, watch their "network outage" suddenly go away if the price was to pump.
They are facing the problem with 39M in leveraged longs facing liquidations and the chain reaction that may cause, they have no idea how to deal with it.
Finex issues started at 740 now 688
37.
Post 15303879 (copy this link) (by RGR991) (scraped on 2020-04-04_Sat_14.53h):
America waking up, seeing Finex down and the price dumped from 740 to 706..
Could get ugly
This thing has an air pocket all the way down to the 500's before the top buyers on max leverage would get stopped out
, yet would still remain in a bullish trend.
38.
Post 15304358 (copy this link) (by RGR991) (scraped on 2020-04-04_Sat_14.53h):
Finex is trash, OkCoin and Huobi don't have these issues. Even most of the bucketshops don't have these issues. Only Finex
39.
Post 15304536 (copy this link) (by RGR991) (scraped on 2020-04-04_Sat_14.53h):
Mt.Finex "SCHEDULED MAINTENANCE" page makes it so even if you have coins on the site you can't log in and withdraw them..how nice..
Personally I never keep coins on an exchange if I am not actively in a trade, its a good practice for all to have. What is to stop Finex from running away right now..
40.
Post 15304573 (copy this link) (by RGR991) (scraped on 2020-04-04_Sat_14.53h):
Stamp 7 until the lows, coinbase declining rapidly as well.
41.
Post 15304838 (copy this link) (by RGR991) (scraped on 2020-04-04_Sat_14.53h):
We need to crush the bulls in the OkCoin Futures contracts, they are holding way to well. Then and only then can we have the needed bloodletting in these markets to propel the next bull leg.
42.
Post 15304914 (copy this link) (by RGR991) (scraped on 2020-04-04_Sat_14.53h):
Stamp is in freefall
43.
Post 15304982 (copy this link) (by RGR991) (scraped on 2020-04-04_Sat_14.53h):
44.
Post 15305155 (copy this link) (by RGR991) (scraped on 2020-04-04_Sat_14.53h):
Stamp is getting obliterated. Western traders want their money. Eastern exchangers are not following yet..
45.
Post 15305372 (copy this link) (by RGR991) (scraped on 2020-04-04_Sat_14.53h):
I covered my short at 666, I no longer wish to see bitcoin burn...
still looks weak as hell and Finex still actin all Mt.Goxy like
Maybe 500's in the cards.
46.
Post 15305976 (copy this link) (by RGR991) (scraped on 2020-04-04_Sat_14.54h):
Finex making its 3rd attempt
We believe that internal networking issues between our servers have been resolved, allowing us to reliably run the backend systems, including the trading engine. External connectivity issues remain, however, which may result intermittent unresponsiveness as our hosting provider continues to work on the problem. We will bring the system back up once again to allow people to cancel open orders for a period of 15 minutes before accepting new orders for matching.
47.
Post 15322021 (copy this link) (by RGR991) (scraped on 2020-04-04_Sat_14.54h):
liquidations and its BULLISH overall, Finex still has an absurd number of leveraged bulls, we need them to close out before the price can run again.
its getting tiring having to trade BTC so heavily to hedge off these constant falls.
48.
Post 15326501 (copy this link) (by RGR991) (scraped on 2020-04-04_Sat_14.54h):
People are getting liquidated on the way down putting more pressure on an already weak tape, eventually the price will hit a point where buyers will step in and on the way back up we will have less selling pressure to deal with (the leveraged "profit takers" already capitulated)
In a market like this you have to actively be trading both short/long to maintain your $
49.
Post 15326529 (copy this link) (by RGR991) (scraped on 2020-04-04_Sat_14.54h):
People are getting liquidated on the way down putting more pressure on an already weak tape, eventually the price will hit a point where buyers will step in and on the way back up we will have less selling pressure to deal with.
In a market like this you have to actively be trading both short/long to maintain your $
actually BFX longs havent gone down a lot
yes I've been watching that # and it really does need to start heading south, I also watch the twitter feeds who track whales on OkCoin...they are getting demolished(which is a good sign)
50.
Post 15326583 (copy this link) (by RGR991) (scraped on 2020-04-04_Sat_14.54h):
People are getting liquidated on the way down putting more pressure on an already weak tape, eventually the price will hit a point where buyers will step in and on the way back up we will have less selling pressure to deal with (the leveraged "profit takers" already capitulated)
In a market like this you have to actively be trading both short/long to maintain your $
I am not sure about which charts reflect the changes in the quantity of longs and shorts on Bitfinex, for example.
So my question is whether a lot of the margin longs been wiped off the books, after the current extensive downward correction?
I use
https://bfxdata.com/sentiment/longshort to check longs vs shorts on Finex.
As you can see the bulls are still very stubborn which makes me think we will continue lower...
I also use
https://twitter.com/whalecallsto get a grasp on liquidations for both shorts and longs.
51.
Post 15327256 (copy this link) (by RGR991) (scraped on 2020-04-04_Sat_14.54h):
I took a small long at 560, I'd be surprised if it held though this tape is wicked
52.
Post 15327520 (copy this link) (by RGR991) (scraped on 2020-04-04_Sat_14.54h):
A factor may have been ETH soaring the past few days right after everyone shorted it because of the "hack attack"..people may have been forced to sell BTC to cover their margin calls on short positions on ETH, coupled with the fact that the BTC price was sky high with no real support levels / Bitfinex was acting like Mt.Gox and there was a massive 20k coin "auction"
Maybe
53.
Post 15327545 (copy this link) (by RGR991) (scraped on 2020-04-04_Sat_14.54h):
Squeeze the hell out of it, My 560 purchase doesn't look so bad after all
54.
Post 15797321 (copy this link) (by RGR991) (scraped on 2020-04-04_Sat_14.56h):
wow been a few weeks out of the bitcoin game, I see Finex is out 65M+ in yet another "hack"..
Mtgox,Cryptsy and Now Finex..
thx god I never leave any bitcoin on exchanges, I feel very sorry for those that lost on finex
55.
Post 15852211 (copy this link) (by RGR991) (scraped on 2020-04-04_Sat_14.56h):
so I am reading more and more about Finex...36% haircut, a "token" for your losses..a token that US traders(which make up the majority of their base probably) may not even be able to "trade" this token.
Seizing assets across all the asset classes not just BTC balance is just plain theft..
LOL.
And Finex thinks they will survive this and go on business as usual..
Thx god I don't have money on this exchange, feel bad for those that do.
btw: Take any money you have on Finex and run run run away, I have a feeling the CFTC or SEC will take some action if they are able to
56.
Post 15862196 (copy this link) (by RGR991) (scraped on 2020-04-04_Sat_14.56h):
Lol at anyone who thinks Finex can "deduct" 36% from customers, hand out these obscure "tokens" and continue business as usual.
Finex likely will not exist by the end of 2016
57.
Post 15863015 (copy this link) (by RGR991) (scraped on 2020-04-04_Sat_14.56h):
Lol at anyone who thinks Finex can "deduct" 36% from customers, hand out these obscure "tokens" and continue business as usual.
Finex likely will not exist by the end of 2016
You have a right to your opinion, but when you are proclaiming in broad brushes, you sound more ridiculous than what you are attempting to rebutt.
Remember just last week after the exchange went down and after we heard about the news of their losses, many folks were proclaiming that they would never come back online again.. blah, blah, blah, the sky is falling.
In the last few days, Bitfinex has communicated a fairly decent plan forward...
Surely, the plan may not be anywhere near perfect, and the exchange may still be engaging in scammy behavior, but in the end, their outline of a plan seems to be a pretty fair attempt at balancing a few factors to create incentives for people to stay invested in using their exchange services and without making a run on the bank.
You are creating a strawman argument if you are asserting that anyone is really of the belief that business at Bitfinex is going to be "as usual."
There are some innovations with the Bitfinex planned way forward, and they are going to have to continue to finesse such plans, make better efforts at securing their platform and continue to communicate the efforts that they are employ.
There is no proof that the Finex hack was not an inside job. Anyone who can trust them after they seized 36% of your balance boggles my mind.
The tokens are there to limit their legal liability in this case, US traders(which btw I would wager make a huge portion of their base) won't even be able to "Trade" these tokens, which probably will nosedive in value once the "select few" get to trade these "tokens"
I've seen better from bucketshops such as simplefx and 1broker. LOL. In fact I would trust them more at this point.
There will be better exchanges, more trusted and more secure exchanges. Not some random company based out of an office building in HongKong who uses reddit as their main means of communication.
58.
Post 16694404 (copy this link) (by RGR991) (scraped on 2020-04-04_Sat_14.58h):
66k unconfirmed transactions atm
Anyways..looks like another price spike..which exchange gets "hacked" this time near the top of it, seems to be a running theme.
59.
Post 17399594 (copy this link) (by RGR991) (scraped on 2020-04-04_Sat_15.01h):
Dbl top and back down to 200 before the next leg
even though China exchanges have invalidated that theory....
60.
Post 17399656 (copy this link) (by RGR991) (scraped on 2020-04-04_Sat_15.01h):
China and their phantom volume leading the pump.
Either 1: China Gov't will crack down on the capital outflows into Bitcoin
2: A Major exchange will magically be "hacked" (seems to happen on every price spike)
or 3: ??
Tread carefully
61.
Post 18231299 (copy this link) (by RGR991) (scraped on 2020-04-04_Sat_15.06h):
Won't be interesting until the 800's...
If it doesn't bounce there well...
200's?
btw: Is it time for another exchange to "Break"..always seems to happen on extreme movements.
62.
Post 18239840 (copy this link) (by RGR991) (scraped on 2020-04-04_Sat_15.06h):
$800 soon...
Then $200
Just my opinion
63.
Post 18241744 (copy this link) (by RGR991) (scraped on 2020-04-04_Sat_15.06h):
That is one hell of a weekly candle....
Don't fight momentum..
64.
Post 18244603 (copy this link) (by RGR991) (scraped on 2020-04-04_Sat_15.06h):
Live chart
65.
Post 19284443 (copy this link) (by RGR991) (scraped on 2020-04-04_Sat_15.11h):
Big dump on Finex...time to go below $2k again...
