RSI is based on the 14 past days.
14 is a default parameter. You can customize it to any parameter you want. Ridiculously, most of traders use that default parameter for their indicators and trades. Nobody can predict the future, even less a technical indicators, as all built out of past data.
It is a statement of conventional finance, Efficient Market Hypothesis (EMH): "Past events doesn't predict future price"
You can somewhat if you choose good indicators for your chart or you can combine some indicators as your filter. It is a problem of trading taste. Someone rely on slow indicators, some others have interests in fast indicators. Some want to trade with long period, 1-hr, 1-day candle but some only want to trade with short period, 3-min, 5-min, 15-min candles.
|
|
|
If you can control everything at beginning, why you don't control it. If you waive out your control on your crypto, the only thing you can do is hope: hope exchange will secure their platform and keep your account safe. If their exchange is hacked, you only can hope they will pay compensation for you. Newbies - Read before using exchanges or investing. If you don't trade everyday, let's go with personal wallet. If you trade everyday, trade with small capital portion on exchange and afford any losss from trades or from exchange compromises.
|
|
|
Today December 4th 2020 Bitmax exchange have announced to stop providing services to non verified users, no more withdrawal limit for not verified users, I'm guessing if every other crypto exchanges will follow this, binance for example, I use this exchange with out KYC verifications, for someone like myself who don't want to give any centralized platforms my ID i may have no choice let, what do you think? https://blog.bitmex.com/deadline-passes-for-bitmex-accelerated-user-verification-programme/It is BitMEX and the pre-announcement was made months ago. Old customers of BitMEX exchange were given a few months to submit documents and finish KYC on BitMEX or withdraw their crypto before the deadline. And nothing to be serious about this annoucement. If you are old customers and have not finished KYC, you can do it anytime you want and after the verification is done, your account will be back to tradeable. BitMEX does not close your accounts if you don't verify it. Just a temp freeze before verification is done. People might don't like KYC and switch to other leverage exchanges. With your prediction, I think exchanges will slowly require KYC and the speed will depend on government requirements. Why KYC is extremely dangerous – and useless
|
|
|
Trend is a friend and indicators as RSI is a indicator for a very long and transparent trend. It is only helpful after a strong trend as bearish or bullish is confirmed. It delays confirmation on trend to about 14 days (the default parameter for RSI) and for a strong and long term trend, 14 days are not a matter.
For unclear price movements, not a trend, RSI plays as a trap. For traders who have more interests in short and fast events, RSI is useless.
|
|
|
Before Paypay expanded their service and products to bitcoin, they already are an unsafe platform to use. The problem of chargeback on Paypal are very risky and they've never resolved it for their customers. I don't know they've ever spent their dedication and efforts to resolve it.
With the product for Bitcoin, Paypal only open a middle product for Paypal users to buy bitcoin from Paxos. You as a customer won't buy bitcoin directly on Paypal.
|
|
|
Any dumps from now will be healthy dumps or more correctly you can call them as healthy dips or corrections. Such dips or corrections are great chances for you to accumulate more bitcoin and practice DCA. One of the Best Weapons in Trading. Make sure you read it and can apply such trading weapons for your trades.
|
|
|
"I am whalebot alert in TG I every day got many notifications about big transactions of many currencies. I heard a rumor of pricing increase and decrease related these transactions, is this realistic?
When you are trading or investing what you are observing would be price chart and for investment, it would be fundamental analyses. Pay your attention on telegram signal groups or whalebot alert groups is not a good idea. It only destroys your ability to have your own opinion on the market situation. Big transactions, hype, signals force you to think different than your own opinion if you don't see those news and signals. How deeply this transaction can impact the crypto market?"
Not much. Because those amount of bitcoin or cryptocurrency won't be sold out in a day, in a week. You will see those transactions when market is preparing to be dumped or pumped.
|
|
|
Robert Kiyosaki has its bull thoughts for bitcoin, gold and silver. Here is the latest tweet of Kiyosaki about three assets. https://twitter.com/theRealKiyosaki/status/1331779109983199232Bitcoin going to the moon. Great news. Gold and silver going down. Even better news. Buying opportunity especially silver. If gold hits $1750 and silver $19.00 back up the truck. Be aware. Great times ahead for gold , silver and Bitcoin. Take care.
Days before he tweetedBitcoin boom beating gold and silver. What does that mean? It means you better buy as much as you can now. Train is moving. Dollar dying. Silver still affordable for everyone. As dollar crashes what counts is not price but how many coins of gold, silver, or Bitcoin you own.
Do you guys read his book "The second chance"?. About 5 years ago, he was still vague about bitcoin but in the last less than 2 years, he is bullish with bitcoin.
|
|
|
Few projects have titled with just Signature Campaign and few others Signature and avatar Campaign.
Most of campaigns are signature & avatar campaigns though only a few campaigns are signature campaigns (don't require to wear avatars). I can give you very little campaigns: Chip Mixer, Bustadice. Best Change allows customized avatars but Best Change text need to have a place in avatars. Both title actually says what they need, if you have personal issue pick only Sig campaign. Since there is no hidden jems, things are completely clear so we should user the full control whether he choose Sig or Sig+avatar campaign.
When people join campaigns, by default they naturally accept to wear both signature and avatar (as most of campaigns require such). [Suggestion] Rules on Animated Images should be changed. It is my suggestion but I knew it won't be accepted. My hope goes on Epochtalk. This avatar is funny, I thought it is an ant on my computer screen and try to clear it.
|
|
|
That's quite a thick sell wall on BTC:USDT on Binance. But seriously though? $19,700 was just as thick just a few days ago. I wouldn't be surprised if we actually break $20,000 real soon(though I wouldn't bet on it).
Bitcoin can break through $20,000 but only to kill shorters and when liquidations are finished the price will be weaked all the way down. The image and your description for few days change are interesting. I see how whales use fake walls to create panic and greed on traders. They set up huge fake sell walls when they need to dump price along side with bad news. The opposite action will be used when they lift up fake sell walls and give open space for greed of traders and liquidations. Supports and resistances, buy and sell walls can be flipped. Whales prepared for bitcoin all time high months ago when they created hype on DeFi tokens and got lots of bitcoin from DeFi.
|
|
|
RSI is an indicator for past price movements. In the other words, it is a delay indicator and it does not help to make decision if you are trader who need to have more show real time movements and can be used for decisions and orders in short time frames.
RSI is same as MA and some many indicators have default parameter at 14 (candles). Depends on candle is used, it can be 14 candles of 15-min, 30-min, 1-hour, 1-day.
|
|
|
Can you give me advice on wash volume on exchanges and how they affect trading bots, please.
I know it is a stupid question and if I know one exchange is a wash volume exchange, I would not use bots for trading on that. On some small exchanges, bots for wash volume are easily to be detected by eyes. I only don't know how you can control it on real environments for your tradings.
Another suspicious question is how fast or low the signal from your bot to exchange can affect the trading results?
Thank you.
|
|
|
gold tokens will be very valuable if the team is very serious about developing the project, there are a lot of gold tokens and it is very difficult to choose one that has the potential to last a long period of time. I hope this path is right
Choose the token that is backed by real physical gold bars which are stored in reliable vault service like BullionStar. Please check the page https://gold.storage/. In the audits page you can see the total circulating supply of GOLD token and the total physical gold bars (in grams) that are stored in the vault. The Vault Certificate file can be seen or downloaded from https://gold.storage/vault.pdf
|
|
|
I don't doubt what Hhampuz can provide with his professionality and responsibility. For other managers, I did not work with them so I don't know. The Service Discussion (Altcoins) is a better child board for your topic. Your topic discussion is for managers and their campaigns, bounty managements for altcoin projects. I believe the aforementioned child board is good for your topic. Could you please move your topic to that child board, please.
|
|
|
XRPs tremendous pump continues, that's unbelievable just have a look from the past one week you will be shocked. I had full faith on this coin and this one is one of favorite asset.
Ripple broke through the weeks major resistance level and it remains in the Green trend, so the next resistance level could 0.75 if this goes well I am sure the price will go upto 1$ more happy news are on the way enjoy each and every movements.
XRP doubled its price in one week and do you think it is enough for the rally? Remember the November is almost ending and bitcoin has big movements in early or end of months. I congratulate for everyone who bought up XRP at the bottom or bought at price around today price and patiently, determinantly hold it for many months to get a draw. At least don't get a loss is a success. It is time to make your decision, get out and wait for another opportunity from the market or be trapped again.
|
|
|
Thanks for your reply. Do you have any idea if Binance has a demo account? I don't mean this https://testnet.binancefuture.com because it is only for futures. Please advice how to do test trades with margin. You can test with very small money. To avoid troubles you can use one account for margin trade. It helps you avoid panic when your margin trades are in troubles and you will send all of your crypto to margin. In most terrible market, your order will be liquidated and you will lose all your money in that account. As 4 year investors and traders I don't force you to use margin trades if you are in borrows, loans and don't understand the trade, formula of margin levels and liquidations.
|
|
|
|