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''Mathematics'' meaning using the RSI and maybe some MA's? What kind of technical analysis is this? You can't predict anything just using the RSI, come on man..
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Don't use Bittrex, ever. They are borderline scammers, do you know how many accounts they have locked? Their KYC process took 5 months to complete and you have to do it otherwise you can't withdraw anything, it's fucking crazy, garbage exchange, extremely unprofessional.
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They are all garbage, mainstream ''traders'' Check TheChartGuys on youtube. Dan really knows what he is talking about and although he doesn't sell or give ''trading signals'' his analysis of the market is spot on.
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Being accurate or not is meaningless, the only thing that matters is your reward ratio. If you have a 5:1 ratio, you could be accurate only 40% of the times, even 30% and still make money. You could be 90% accurate with a negative risk reward ratio and get fucked.
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OH SHIT I thought this thread was from today haha. So it seems that the move we saw today happened in September as well, yeah probably nothing else will happen, Bitcoin always fails to see follow through after big moves lately.
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the last few days I saw the price of bitcoin is quite stable, but yesterday the price of bitcoin has declined and now the price of bitcoin is stable at $ 6300. I don't see this fake dump, but this dump is caused by investors who feel frustrated with the current market conditions.
Dude, shut up, you just typed a bunch of non sense, refrain from posting on my threads again, thanks. Bitcoin breached the 6314$ support area today and went down 100$ but recovered almost instantly and reached 6400$ |
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So we basically just had a fake dump, also called fakeout for bitcoin. The bulls definitely bought the dip this time even though it wasn't too big, currently trading at 6400$ perhaps we are able to climb back to 6600$
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I do like EOSPlay, it definitely has a cool design, perhaps they should have more games.
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Really, again with this shit, this has been discussed extensively, quantum computers are still far away to be a reality, even if you could make them now, bitcoin would be the least of your problems, you could hack banks and basically anything with those not just bitcoin, in fact cryptocurrencies could be the only thing that could save us from quantum computers so yeah..
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I made 8 posts between September 12th and 15th which should have counted for the last week, no? Yet I have 0 in the spreadsheet, nr 92. Could you check?
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Right now bitcoin only needs to change the weekly trend convincingly for the market to turn around, ideally you would want to see bitcoin above 7500$ and then continue above 8500$ taking out 2 lower highs on the weekly chart. At that point the weekly trend is changed in favor of the bulls and we could see 6+ months of bullish action just like we have seen 8 months of bearish action.
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Historically yes. So far the range around 5700-6000$ was held for bitcoin in 4 different instances. Also every time the RSI gets close to 30 a bounce comes right afterwards. We are also the closest we have ever been to change the weekly trend, could happen in 2-3 weeks.
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Crypto doesn't need massive adoption to see another bull run. Think about the last one, why did it happen? Mostly demand and speculation, there weren't really good news around to push the price, the price was being pushed by people buying at any price, something like that can happen again easily, it might not but it certainly can. The only thing we need is a little push to break the downtrend, it might be in the form of good news or something else but if we get that, another bull run will surely come.
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Why do they need an ICO for that? Doesn't seem that interesting to me, all I see is that they have a proof of concept, without any sort of working product.
Any investment into this would be considered extremely risky.
They are going to develop a system where you can send them your precious metals and they'll store them for free.
Yeah, I wouldn't want to trust a random company with any sort of valuable items, they have absolutely no experience with this.
In exchange, you'll basically get IOU's and you can then trade those?
No thanks...
It seems to me that most ICO's do not actually need an ICO or a token/coin at all. Most of them are clearly just trying to raise money, no necessarily to scam but still. I feel like for the most part is not worth it to invest in any ICO right now unless it's really, really strong and there aren't many of those. |
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Today, Ethereum made a huge gain of 17%. It is now slightly above $200, back from the series of down fall. Cryptocurrency market is really unpredictable. You can make from this kind of market. Buy low and then sell high. Then just repeating the scenario.
None of this was ''unpredictable''. A bounce was certainly expected from the whole market. It also wouldn't be a surprise if the market crashes again after this bounce, time will tell, we will have to see some follow through after the bounce to be comfortable otherwise we are going down again. Bitcoin has the potential of a short squeeze so that's good for the bulls, also we are only 1k dollars away from changing the weekly trend so it might not be that bad after all. |
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At the end of the day bitcoin and ethereum ''control'' most of the other coins, although ethereum is controlled by bitcoin as well. Ethereum tokens always have an ETH pair so the price of ethereum will influence a lot of tokens. I guess we shouldn't call ethereum an alt coin anymore.
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You mean ''scalping'' not scrap trading. For scalping you need a lot of money since the strategy is based on taking small profits. In the crypto market scalping can be really difficult and you can only do it with a few coins, they need to have a lot of volume to avoid slippage. You can do it but right now it's not the best way to trade. In fact the best way would be to short bitcoin yourself, it's fairly easy to profit when you are in a heavy downtrend just like it's easy to go long when you are in a bull market.
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At this point im not even looking at alt coins from a technical point of view. Ethereum is in a massive downtrend which will only get worse. The only way for ethereum and alt coins to recover is a bitcoin bull break followed by a change in the weekly trend for bitcoin which would cause a massive short squeeze and push bitcoin probably up to 10k. At that point alt coins will start to recover slowly. Right now I wouldn't want to hold many alt coins, there are some cases out there like dogecoin which saw massive gains but at this point it's gambling.
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There it is again! Right at the very moment of thinking 'BTC solid at 7k USD, we're ok now'. Lmao. The next hour I checked the chart, my jaw dropped. I'm pretty pretty sure somebody out there is trolling us...
By thinking that everything is 'ok' you're basically trolling yourself. The main difference between traders and people here is that traders go with the flow of the downtrend, while people here go against the downtrend. If there is one thing you should never do, then it's going against the downtrend during a bear market. It's pretty much you asking for problems, and that will lose you a lot money in case you try to make some money out of it. I have never really been a TA fan, but when the average people aren't trading, and thus not subjecting the market to their lunacy based on greed and fear, the market becomes TA applicable enough to actually profit from it. There is probably a lot of people here that ''diversified'' and bought 15-20 different coins and now when they lose 20-30% in 1 day, they panic. They also don't want to sell because it's a hassle to sell 20 different coins, transfer them to bitcoin and eventually transfer them to fiat/tether. A trader of course does not care what the market does, clearly a lot of people are profiting from this downtrend. ''but when the average people aren't trading'' Between here and reddit we probably don't even account for 1% of the trading volume anyways. |
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another massive altcoin dump has been going on today specially in big coins like Ethereum which actually was among the biggest dumped coins today with nearly 20% drop. and that led to a small but still a 5% drop in bitcoin price today. https://techcrunch.com/2018/09/02/the-collapse-of-eth-is-inevitable/amp/interestingly enough despite all that bitcoin price is still pretty close to $7k mark and it is resisting all the money that is exiting from the altcoin market through bitcoin causing this sell pressure in bitcoin market. people always say bitcoin drops makes altcoins dump. but this example among a lot of others is showing it is the other way around in a lot of cases. I am wondering how many more times do we have to see these types of dumps before we start accepting there is a big problem with the altcoin market and that is damaging bitcoin too. People say altcoins drop because of bitcoin either because they don't understand how Economics works or because a bear trend is going on, or they just don't understand how anything works. Bitcoin Diamond rose by 140%. What the actual fuck? The entire altcoin market almost collapsed, and this shit got pumped up, like its on a huge fat roll of weed. Look at the market lol: https://coinmarketcap.com/Fairly sure that was because CMC was bugged or introduced other exchanges with higher prices, it happens quite a bit which is why people need to do their research before buying something, nonetheless you are right, bitcoin is simply dominating the market, people called it outdated, even I called it that however it's still the boss of the market. The only times where alt coins thrive is during big bull runs like the last one, now the market is basically 2 coins, bitcoin and altcoin. The companies behind some alt coins are extremely different and yet they all go down at the same time no matter what, this market is not good for entrepreneurs trying to come up with new ideas. You can have the best idea, team, ico and your coin can still go to shit, it's pretty insane. |
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