BEARISH ENGULFING
Shorted after a bearish reversal pattern 110 patterns reward  The pattern is broken down: 
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BEARISH ENGULFING
Shorted after a bearish reversal pattern 110 patterns reward The pattern is broken down:
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The 200-day MACD crossed may mean a new venue. This is already reflected in extreme fear index that is 24 already. P.S. Note that a sharp drop occurred on the eve of the $BTC options expiration on Deribit and LedgerX, and also CME futures.  |
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The 200-day MACD crossed may mean a new venue. This is already reflected in extreme fear index that is 24 already. P.S. Note that a sharp drop occurred on the eve of the $BTC options expiration on Deribit and LedgerX, and also CME futures. |
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Just closed the short after the price reached $8,000 level and then crossed it several times. The level the price fluctuates currently is substantial not only technically, but also psychologically.  |
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Just closed the short after the price reached $8,000 level and then crossed it several times. The level the price fluctuates currently is substantial not only technically, but also psychologically. |
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BTC continues to fall below the $ 8000 price level. Do you think it is similar to the case last year, when BTC accumulated in the $ 6000 resistance line before falling 50% in a few days later? So this time we can wait BTC at 5k $ price?
Crossing $8000 was a significant move in terms of psychology. The sentiment is changing at a fast pace. For now we cannot judge for sure but the movements indeed look like the ones of the previous year However, currently thу price is consolidated. Thus, let us wait for the next steps |
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OMG
Bitcoin collapses =(
The rate fell by a thousand dollars per day ...
Yeah. And another $77 million worth of BTC long contracts liquidated on BitMEX today |
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What do you use to monitor (or understand) the hash rate info ?
Also Mark, a few weeks ago you posted a link to a Fear & Greed index (or the fancy term is the Multi-factorial Crypto Market Sentimental Analysis), and I bookmarked that link. Looking at it the past day or two, it has been waaaay far on the Fear side.
Well, were is the site I use to monitor hashrate: https://www.blockchain.com/ru/charts/hash-rateAs for the public sentiment and price, that's a complicated issue. The BTC price drop might be triggered also by the huge sales of risky assets traditional markets in terms of macroeconomic instability and the start of Trump impeachment . |
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Good for you man, for now i am keeping my job and will keep trading for my free time
but i am really targeting to also quit working so i can focus full time on trading but investment wise i wont rely on trading alone
i will not be employed but i am aiming to established a traditional business to support daily expenses.
I guess being part time or full time really depends on the traders preference.
Since long i am also dreaming this way I want to make my own business and for this I am trying to trade and work at the same time. In this expensive era we cannot rely on single way of earning money. So gradually I am also sparing money also suggesting you to spare money so we can setup our own business and also we can carry on trading in free time of our day. One of the worthy options. Personally I reinvest the money to the new trading ideas, more trades etc. Business bears its own peculiarities, but is an interestng and prospective idea as well. |
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Mark, I notice that you do everything manually. Have you ever tried bot (robot) trading before?
Definitely yes. But i never rely on bots only. If I use an automanted trading system, I conduct multiple and frequent backtesting. Each algorithm has an expitation date. I love trading manually. To make it more effective and avoid routine, I use automated supportive services. E.g. statistics. |
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Well, even though it was the largest intraday drop since January 2018 (18% on Tuesday), the market does not look dramatic. The $8000 level is not reached, and the price starts the correction. The catalysts for the plunge, imo, seems to be the complex. 1. Tech analysis. The triangle was broken out (look at the chart 2. Technical issues. Sudden network hash rate drop 3. Bakkt underwhelming launch that is a good illustration of “buy the rumor, sell the news But it's substantial not to judge basing on launch day trading activity. Bid for the price growth  One more remark on this. The $BTC price drop might be triggered also by the huge sales of risky assets traditional markets in terms of macroeconomic instability and the start of Trump impeachment . |
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Well, even though it was the largest intraday drop since January 2018 (18% on Tuesday), the market does not look dramatic. The $8000 level is not reached, and the price starts the correction. The catalysts for the plunge, imo, seems to be the complex. 1. Tech analysis. The triangle was broken out (look at the chart 2. Technical issues. Sudden network hash rate drop 3. Bakkt underwhelming launch that is a good illustration of “buy the rumor, sell the news But it's substantial not to judge basing on launch day trading activity. Bid for the price growth |
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Hi bro! Do you provide any free signal for Bitmex?
Hey man! This channel is rather educative, sometimes I post online trades. This is to discuss mostly Probably I will later |
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Mark, what do you think of BTC's recent price drop? It went down like $1500 in 24 hours, which is not too far out of the ordinary but it did coincide with the release of BAKKT and the price drop felt a bit exaggerated and stronger than in recent weeks. Where do you think BTC is headed next? It looks like a fully developed downward channel is clearly formed but will it bounce back above $10,000 any time soon? It seems odd that the price would fall like this since Bakkt just went online with future trading and everything else surrounding the Bakkt hype.
Are there any other strong news leads that you are hearing of lately?
Well, even though it was the largest intraday drop since January 2018 (18% on Tuesday), the market does not look dramatic. The $8000 level is not reached, and the price starts the correction. The catalysts for the plunge, imo, seems to be the complex. 1. Tech analysis. The triangle was broken out (look at the chart 2. Technical issues. Sudden network hash rate drop 3. Bakkt underwhelming launch that is a good illustration of “buy the rumor, sell the news But it's substantial not to judge basing on launch day trading activity. Bid for the price growth |
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The other half is closed! That was a cool short opportunity but currently overall market is rather positive. Even though some altcoins lost ~30-50% along with BTC drop, the hashrate is increased and the price is likely to recover!  |
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The other half is closed! That was a cool short opportunity but currently overall market is rather positive. Even though some altcoins lost ~30-50% along with BTC drop, the hashrate is increased and the price is likely to recover! |
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Mark, I think you have great knowledge about crypto trading and many years experience about trading. I have got encourage from you by the post, because I am not a huge businessman, but experience in practical life and trading life, good luck Mark and always new idea gives a man pleasure and also profitable.
Glad you found it useful. I always open for new ideas and discussions. |
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If your job is not a professional jobs or just a utility job then leaving it for crypto is a good move specially if you really earned 12 BTC after quitting but it will be unwise to quit if your job is a professional like Supervisors and Managerial level specially in this bearish market therefore your idea will depend of the nature of your environment as there are lot of unlucky people that there lives became in misery after choosing crypro over their stable jobs.
Yeah, understand what you are saying. The decision was not spontaneous at all. No impulsive movements are needed in this case. |
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So far I think is great you are still keeping tabs on the market I will keep follow to see whats going on and atleast learn one or two tricks and tips from you but truth is i wont quit a job for crypto Just my decision Is too volatile Having extra jobs makes things work both ways
This suits many options, including full-time, part, hobby and even a fleeting interest.. Whatever suits you at a particular moment |
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