What i would do if i was market maker. "Crazy" idea not advice!
Updated
Hello everyone. This is my first and could be even last post here but if you wanna do anything first you gotta start.
Last week when was boring as is again i told friend what would i do short term as MM(market maker) and it happened more or less like that and i still lost money trading :D
Anyway i am not financial advisor and for now wont be trading on this.
Firstly i was thinking on going long last 24hours but what i really dislike for this trade is that longs keep on increasing(atm 32,2k) and shorts keep on decreasing(atm 23,6k).
So i started thinking what i would do as MM and here is my idea with very limited information(nice info would be where are clusters of stop losses). Anyway as i see it for BTC:
1.We would stay in tight range until shorts and longs dont change in number anymore(today almost 4% shorts closed which is a lot for no movement).
2. I would do spike to probably around 6450$(MM would know perfect number where many shorts are having stop loss) and
3. start another big sell off which would end around 5,4k-5,6k(again MM would know where longs have lots of stop losses or even liquidations).
4. I would stay in that bottom range for awhile(hopefully that lots of new shorts would open and few more longs closed) and
5. make huge short squeeze which means at least +10% spike within hour. All previous steps are not even that crazy watching current situation but step 5. is based that at bottom at least 5k+ new shorts are open while longs stay same or even get lower.
Anyway at the moment i have some BTC in Bitmex in no position and some fiat in Kraken waiting and thinking(obviously to much time :).
Good luck with your trades and if you have time share some of your "crazy" ideas :)
Last week when was boring as is again i told friend what would i do short term as MM(market maker) and it happened more or less like that and i still lost money trading :D
Anyway i am not financial advisor and for now wont be trading on this.
Firstly i was thinking on going long last 24hours but what i really dislike for this trade is that longs keep on increasing(atm 32,2k) and shorts keep on decreasing(atm 23,6k).
So i started thinking what i would do as MM and here is my idea with very limited information(nice info would be where are clusters of stop losses). Anyway as i see it for BTC:
1.We would stay in tight range until shorts and longs dont change in number anymore(today almost 4% shorts closed which is a lot for no movement).
2. I would do spike to probably around 6450$(MM would know perfect number where many shorts are having stop loss) and
3. start another big sell off which would end around 5,4k-5,6k(again MM would know where longs have lots of stop losses or even liquidations).
4. I would stay in that bottom range for awhile(hopefully that lots of new shorts would open and few more longs closed) and
5. make huge short squeeze which means at least +10% spike within hour. All previous steps are not even that crazy watching current situation but step 5. is based that at bottom at least 5k+ new shorts are open while longs stay same or even get lower.
Anyway at the moment i have some BTC in Bitmex in no position and some fiat in Kraken waiting and thinking(obviously to much time :).
Good luck with your trades and if you have time share some of your "crazy" ideas :)
Trade active
I went short x3 leverage. Not super confident as you can see from leverage but confident enough.It went a little different than expected but well i am not MM. Now we are where most are back to being bullish, we are getting news like this: newsbtc.com/2018/06/30/bitmex-ceo-bitcoin-will-move-to-50000-by-the-end-of-2018/ and longs are at 33,2k and shorts only at 23,6k while we went up. Which is more or less same numbers as 3 days ago but huge difference is in ETH shorst went down by 30k or almost 20% and LTC short down 33k or over 25% while for both longs are a bit higher. As i said i am not to confident but had to take that trade.
Good luck with your trades and have nice weekend.
Trade active
Added leverage i am short x5 now few bucks under 6400$. If it goes higher ill probably short also at Kraken(fees are not small when we can stay in tight price range for days compared to Bitmex where ofc. big minus is we are actually hodling BTC).Trade active
This will be as it looks like very important weekly closing candle today! If we close weekly above 68xx i will close shorts. If we close below ill add some shorts probably. Anyway shorting at 6,4k$ was stupid and i am paying price(just hope wont be to big).
Have nice sunday
Note
Longs are keep on increasing today by rapid pace at top BTC +3,6% ETH +7,2% and LTC +5,8% which if i wouldnt be already in my position to deep i would probably add some. On other hand many shorts must have stop losses in 6850-7100 area that if we breach 6900 will make nice green dildo!
Evil MM plan i see is push price up to 69xx sell to short stop losses and fomo top long buyers and those that see that in confirmation of inverse H&S and dump it so hard down our throats we would all scream manipulation :D That is what evil manipulator in me is seeing anyway at the moment :D
Trade active
Is good to be finally in the "green". Still why i took this trade in first place is new bottom(for 2018) so for now i wont close the trade.Trade active
Closed 60% of shorts. Just the evil in me sees decent possibility we go to at least 6,6k to invite more sheeps to bloodbath.
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