Vital isn't the right word. The right expression should be "very vital". For me, technical analysis is the periscope I use in gauging the movement and direction of any trading pair and I think every trader should use it before entering the market. I value it over Fundamentals.
Op is asking the role of TA's in long terms Basically you use TA's when you do trade, it differs on HODL what is more important in doing hold is the ability of the coin to withstand a bear market conditions like today, its usage, devs, and market cap Research on what coin you want to invest, rather than making a technical analysis as it may seem not applicable |
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- Profitability = electricity costs already subtracted?
- "BTC/Day" - What are you mining?
- What are you paying per kWh?
09/20/2018 8*1080ti; gained BTC 0,00105590 per last day ($$6.75-7); I stopped mining RVN last 2 days. Using autominer; Electricity costs $0.14 / kWh. well... $$6.75-7 - around $5 (electricity per day) profit is up to $2 per day / rig What do you mine today with those ti's? at least you have a 2 bucks per day a 2$ may get doubled in just holding depends on what coins you are mining |
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It is very difficult to ask people not to panic in a trade that involves a certain amount of capital, most especially when the market has been seen overtime to be going down by the day. Considering the fact that the fate of cryptocurrency is not yet known, makes it even more difficult for investors to keep calm.
For an investor that is a novice in crypto, this might be true however, for the experienced crypto traders its not a new thing They play along with dips Check history, nothing is new Numerours dips, FOMO's, fuds keep that panic in a trash bin |
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But I want to discover more about stoploss, its advantages and disadvantages. Can anyone tell me more about this? Thanks in advanced.
Aside from the advantages you had stated, you could also set a bounced price if you believed after the trigger, it would slightly go upward for a corrections, however more often if you had it mistaken this may result on a non triggered limits which may cause a much loss Majority of exchanges used the Stop limit feature in order to give you a choice on a stop/limit the possible loss, however, you may also use this to open a position or take the profit trigger options Stop loss in margin trading is too difficult to estimate, usually if its too tight it may easily hit by a certain wyck fluctuations so a loss in your side is very probable |
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Both exchanges are good. But more people use Binance than Bittrex to start trading coins. I don't know exactly what documents are needed there, because I started trading coins in the local exchange.
It needs a decent verification a valid phone numbers, address and government ID's with corresponding selfies while holding your Valid ID's must be clear and readable It may seems pain complying with it, however nothing wrong as it might also protect the exchange from money launderers |
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In different market stages, we have to apply different strategies
As the market does almost nothing for 3 weeks, I wonder any scalping or intraday strategies to make 1-2% daily (even more with margin)
Does anyone practice it or know nice strategies acceptable to BTC / alts?
1,5,15 mins timeframes
You only need to use short term period for scalping method ( 5 min - 30 min - 1 hour ), why not use 1 minute because too short and nothing you can do in a minute. Stop loss and take profit area must have small range ( 1% from your capital ). Indicator just use MA ( 5 3 3 ) and RSI ( 40 ). This is hard strategy and I hope you'll success. Downside of the 1 min is that your 1% may eat up by the fees aside from exhaustion as it may require a pure focus due to market conditions might be prefer for a bot on this TF maybe however I still dont have one to simulate it |
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If I set a 3% loss on my initial investment as a stop loss and a 10% profit as a stop for selling, will that make me trade too often ?
You should be reversing that one because I am sure getting the 3% profits is far easier in the crypto currency world rather than getting 10% profits. Also you should be setting the counter to 10% loss because if you set it to the 3% then your all trades will close too fast and thus you will not be able to continue the trade anyway. Now you might say that trading loss with 10% is huge but dont forget that you will need to give that much window so that you can give your trade a specific time line within which it can start recovering itself and thus make the trade to go on continued basis. Just think twice and do set these parameter on your own. More often even the 10% cut loss is an easy target hit by the wicks this is very much observed in margin tradings so basically if you want a safer with a cut loss stated above then use it in normal trading exchanges Otherwise use a very low leverages so not to hit or rekt |
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Another kind of manipulators, people that their actions affects the market are the popular guys with much followers, even when they lie most people believe them.
Not all probably, I Agree with some popular Crypto media people getting paid just to broadcast or create a fud however experienced traders were also not dumb following it, like cnbc.. lol  they just used it to make profit also Whales, mafias, groups, etc.. they are there, get used to it And used them to make a profit |
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sometimes the tips they give away for free are good tips, because I also get some ideas from social media. it's just that sometimes they make these tips their own advantage. Well, things like that must be watched.
Or often times they do it for free in order to advertise their paid services I saw a lot groups like those Some are bragging on their calls hit just to convince the newbs I rather filter and take those learning materials with them if its free as possible than biting their paid calls |
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Isn't Bitmex should ban? Aren't they are destroying the quality of the Cryptocurrencies.
What's the reason behind? Tbh, bitmex plays a significant role in price fluctuations, or should say manipulations however I think its not a ground for getting it banned Some folks also got these exchange a fortune, but probably more got rekt btw, its not only bitmex offers such huge margin out there  |
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I only use my own technical and sentimental analysis.
Common Support / Resistance Levels + stochastic RSI + Bollinger Bands or Fibonacci retracements.
I only trade coins & tokens with a high marketcap (top50) and solid history (no overhyped projects).
I'm not rich yet but it's a solid performance so far ;-)
Nailed it these indicators are hell a useful also with me Every single trade should have a plan A good entry point using Common support, assisted by 3 mention indicators and an exit point for resistance levels lastly placed your Risk management, your ever friend stop loss |
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The increasing number of exchanges is a good thing because then every exchange will try to provide the best service to attract users. It is also reasonable because now there are more coins and tokens so various exchanges are needed to facilitate coin trading. I highly recommend several exchanges such as Bittrex and binance, because for me the exchange has a very good quality and level of security that makes its users comfortable.
Yes you really have a point, that’s one of the advantage– due to there is a big number of exchanges every one of them would be fighting hard to provide the best services to their customers so that they wouldn’t lose them to another exchanger. But the one problem is that this also means that there will be lots of scam exchanges out there looking for who steal from. But when there are just few exchanges there will hardly scammers around. Careful on emerging exchanges that don't usually do standard selection of listings and don't have tight security features one way of stealing your money is by declaring a dead or delisted coins but the worst thing is that declaring an exchange unto bankruptcy due to hacking |
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yes you are right you should be able to buy when the price conditions are falling like this and don't let you miss it because the moment when the basic price conditions are very rare.
People who will buy now in this situation is smart people because the best to do when the market is red is to keep holding and off course to keep buying good coin to hold for.long term and now buying bitcoin is a good thing to do especially now that it is starting to be green. Aren't people more smarter when they buy coins way deeper than the present price Don't rush in buying unless you are planning a long term Hold The green you see is not a guarantee for a bull run Still a huge resistance above, and breakdown occurs, think twice |
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Hey everybody I want to share my trading experience with these guys: https://discord.gg/2cjRufh. I've been using their free crypto calls for a few months, and I made a small profits 1-3% almost every other day. Also the community is very helpful and I learned a lot new information and ways to cope with emotional trading. I will suggest you first start with small trades until you become more knowledgeable and calm. your experience really helps other traders to make a profit but I personally still fear to do dayly trading in many altcoins, I only do some short-term trading in some altcoins that have fast value movements 1-3 percent daily is still a big profit, but unlike many others who wish to make 10% or more daily, this topic have some sense. I will check this group in next few weeks, I already follow dozen of them. I use this groups to check my predictions, to verify them. I look for similar predictions, and to find new and interesting trades. It`s good to follow more than one group, in that way you are always checking others and yourself, it`s good for beginners and for seniors, you can always check yourself, or you can see some good tip. People, especially people from here, should practice short term trading, but always to have some coins on holding, why to miss a chance to make a profit on daily basis, why to miss a chance to buy something cheap today and earn a lot in few years? Big guys are doing like that, in more things you have your fingers in, more secure you are and less chances to miss something good. been in a couple of similar free groups indeed helpful in terms trading starters, a lot of reading stuffs and trading strategies some downside is that the calls usually not a guaranteed to be hit So instead of relying with them, develop your own trading style Some are offering paid service for a calls, but I don't bite them usually and prefer to discover trading targets in my own |
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Yes seem technical analysis is not work in crypto trading, we can see the price of altcoin was going down lower than price in 2017, even the price back to the bottom like in 2016. In this situation is more difficult to make profit so is better we just use small amount to trade and use others balance to trade in others asset except crypto. When bull market is back we use more money to trade crypto because in this up trend is more easy to earn profit.
Not really true TA's do work, this is the reference and guide of a true traders Don't trade blindly by guessing bud, it will eat up your capital If you seem or likely that your TA reading is not what it meant to be, there's something wrong on how you read it Learn and practice different indicators and trends, until you seek what really tells you the exact expectations |
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I dont think its a good time to invest in ICO's at this moment as most of them are extending them where they wont even reach the soft cap. Also the morality of the teams are lowered now compared to what it was in the past.
If you could identify a good ICO, which barely rare as of this market conditions, then why not White papers, successes, market cap, decent people like devs, ceo etc. are only few considerations to look for to invest with it surely needs a lot of reading works, research and investigations your money is at stake here, so unless you are sure that the ICO will truly stay engage or not engage with it |
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What is your recommendation for Crypto trading, Day trading or HODL
Experience in crypto trading big loser or winner
I think the best we choose is holding than on day trading because it's more risky in day trading than to hold what you have right now. Especially now that the market is so volatile and there's no assurance when market will be rise again. The best is in the way how people good into it. either Holding or Trading both have risks, as you've mention of assurance if market will rise again however trading is way more risky and more profitable Either you want high profits with risks then do trade, Its just that there are ways how to manage them Volatility should not be a basis to be afraid of, the more volatile it is, the more opportunity for profits That's how traders look at it |
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Is bearish market is better dont make trade on crypto and while waiting for the bottom price we can still make money by trade in others asset. So to make consistent profit from trading activity we should be have skill for trading in different asset, not only in crypto but also in stocks market.
Bearish market is also way to make profits an experienced trader knows this not recommended to avoid trading while in this bear trends, instead, learn from it not every season is bull, bears are always there instead of avoiding it, learn to tame the bear |
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I would like to mine altcoins based on ethereum, what can i get for 500€? I believe not much, but anything?
You could get at least 2 second hand RX580 based on the completed listings on ebay RX580 in Ebay sold
I believe not much, but anything?
It doesn't give you much for today's market condition and its definitely rely on your electricity cost check online calculators and set your power rates accordingly to give you an idea how much will be the possible profit for today |
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Good day, I am thinking of starting trading again.
Should I wait for the market to recover or now is
a good time to trade? what are your thoughts?
There is no trading strategy in this industry, all you need to do is hold your coins and wait for the market prices to pump up again before selling, that is the reason why you should be patient and there is no need for a strategy. Dude, HODL is also a strategy in every trade there should always a plan and strategies never ever enter in this world blindly Its a persons choice whats the best and effective strategies could apply even on this bear trend market an experienced trader could get a profits, due to strategies |
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