This time, bitcoin makes a correction again, and the price is down below $19k, but I am sure that the price will start another rally this week or next week. We should be ready for that time with having many bitcoin that we can sell it right away. But if you still want to hold your bitcoin because you want to sell more than $25k, then that will be no problem. The next bull run will trigger the bitcoin prices to increase so high, and the price will be out of our expectations.
It is expected to see bitcoin correction is deeply to below $17k. Don't complicate things and open width or depth of view to make trading and investment more easily. How liquidations on Bitmex is skyrocketing today, 97% increase within 24 hours, especially for liquidations on Long positions. How many longers got rekted? It is not bad, bitcoin will come back, and be stronger but please be careful and won't get rekted. |
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I don't think so, I think you can't do it in Kraken, just like on Bitmex if you will open a short and long position at the same time with the same account.
I already tried this method on some exchanges, it's on Bitmex before, but what I did is I created a new account, so I can long or short at the same time, but I do not do that always. The reason for creating a new account before was because sometimes I am using a crossed leverage position.
On Bitmex, what you did is good. It is better if you use different 'guns' (accounts) for your Long or Short positions. It is simply said but with different leverages, you will have different algorithms or formula to calculate entry and exit price and apply it to real trades. One account for x5 leverage, another account for x10 leverage for Long positions. Another 2 accounts for Short positions. I don't use more than x10 leverage for my trades. Above method is before KYC requirements on Bitmex.
Some good guides to trade on Bitmex for OP: |
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Gold is gold, bitcoin is bitcoin and the value of bitcoin is higher than gold. There is no convincing reason to compare gold and bitcoin or use gold to predict price of bitcoin. I hate to say this but it is. If the history repeats what it usually has done in previous era of bitcoin, bitcoin will have about 20-fold increases after the halving in May. Remember 20-fold increase from the all time high (in 2017) not from the price in May 2020. Bitcoin is officially in its next bull run and despite of some pull backs, retests and shake-outs along the way, bitcoin is bullish. Once again, one more low quality article is seeding on cointelegraph. |
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Split your capital to two parts (I am here mentioning about trading altcoins) - First for bitcoin
- Second for USDT
Example if you want to invest in Ethereum with total capital is $1000. Split it half: - First half: $500 for ETH/BTC
- Second half: $500 for ETH/USDT
Two pairs will always have different changes at any time (believe it or not, you can observe the market and draw your own conclusion). Apply this method can help you to reduce your loss or increase your odds to have profits at anytime in the market. To make sure it works, you can diversify your portfolio (the part for altcoins, I meant). Diversification has 2 advantages for you: manage risk better, and increase speed of capital flow. Vital point: allocate 80 to 90 percent of your capital for Bitcoin. |
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PayPal is a central authority and a middleman
Your message emphasizes the fact that we all know but sometimes forget or ignore it. Most of people say they are bitcoiners or bitcoin enthusiasts don't know what bitcoin and peer-to-peer is all about. They don't know the meaning of decentralization. They use most of their capital to invest in altcoins and tokens. They are lazy, unknowledgeable and only care about money and profits. Bitcoin, altcoins, scam projects, it does not matter if they can get profit. Such pseudo-bitcoiners, -bitcoin enthusiasts easily shake their hands when market is bad. But I thank to them because they contribute to weak downs that I can take advantage of and get profits in short time. |
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Bitcoin is Just 500 Dollars away from creating a new All-Time-High 😍🚀🚀
What will happen after making new ATH?
Whether Bitcoin reaches its 2017 all time high or sets up a new all time high in history. After that, Black Friday to come in crypto market. Believe it or not, Black Friday to come and you should prepare your spare capital for shopping. The coming flash rise will come from liquidations of short orders, not from demand and supply. When effects of liquidations go away, flash crash will occur or worse Cascade effects can occur on big exchanges for leverage trades. |
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We will see that price sooner or later. Meanwhile, we can be ready for the coming by having more coins that can be the next potential coin that can increase. Bitcoin itself will raise more than $20k, and bitcoin is going to go that price soon. The situation will not be the same as in 2017 because more people will come to bitcoin, and they will invest their money because they want to make money like others. Maybe this year can have a big impact on bitcoin, and in the next year, bitcoin can grow more than today.
Situations (economy, politics, crypto activities) are different and never are the same between two periods. The fact is the market has its operational rules and it repeats its ups and downs for many years -- that can be expanded to any financial market. Crypto market is different but human psychology is the same (greed, panic, FOMO, impatient, uncontrollable) and it is enough to help price actions of the market have opportunities to be repeated. Repeat here does not equal to be completely repeated in price models, patterns, movement steps. News break your neutral minds and distorted your minds on how the market naturally works. Everyone can say bitcoin will hit $20000 again but when? When is the decisive factor for your profit or loss, not the price itself. |
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Short answer: If you ask the question, you should not use leverage or margin trade to either short or long bitcoin. < ... > Summary: Make calculations and use factors (parameters) for your calculation to have entry price, leverage, and window time to close your orders. I advice you to not use leverage or margin trade because you don't know what you are doing. Just to be safe and to protect your money. Cheers.  As said days ago, you would not use leverage for your trades if you don't know how they works (especially liquidations). The image is given as an example for a liquidation with leverage. - Entry price: Long at Yellow arrow.
- Liquidated price: at Red arrow.
Which leverage is used for the Long that was killed is your exercise and I don't give you answer or discuss here. |
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I'd say highest price every year, not all-time high every year because its market value is still not surpassing the true ATH, and if this year will allow such thing to happen, this year could again make history.
I respected the creator and owner of that site and I kept their descriptions. That's it but you are always free to visit the site, use their information and interpret it with your own perspective. I thought their description is true if you taking into consideration that all time high will be changed and lifted up over time. A new all time high is found today and a new ATH will be recorded tomorrow.
just the other day a friend came to me asking about some lie he had heard about how bitcoin is going to start dropping down to $1000 soon, in fact they had given him exact date and price  i simply redirected him to this site, in fact i have been recommending this page to a lot of people in real life lately specially those newbies who have heard some FUD which surprisingly seem to be a widespread these days. You are a good man but newbies don't mind it much and they are manipulated by news (their orders and emotions are up and down with news and obituaries).
< ... >
It is my appreciation to see your very detailed contributions. It seems you mis-thought that site is built and operated by me that is not. I brought the site here to help newbies have a wide view on the market history and effects of news. Validity of news are unknown and you need to verify them (as always in crypto, right?) The bad visual display of the label box is known but I forgot to mention it in OP. Anyway thank you. Your post is a good reminder for any coder who can build up a better site than this one. It is truly helpful for retrospective checking with price and news. How about the highest price every year?
Stay tuned. I will give you a chart for bitcoin highest price over years but I believe it is better to look at lowest-yearly price. True intrinsic values are shown and verified in worst conditions, not best ones. |
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Today I have the site for you. It is not related to technical analysis but it gives a chart with some hints on news and what happened on those days. It is superb cool to help you see how news are used. You can view the chart with All tab or 1y tab (Zoom it or Zoom out). Click on the box with ordinal number to see related news on that specific day. You must do your own research to make sure the given news was actually happened on that day. |
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Update for the uncertainty period: This post is not made to say you buy or long bitcoin, just a fact and visual chart!With 2765 observed days (from 29 Apr 2013 to 22 Nov 2020), there are only 5 days that have daily high price are higher than the yearly-high-price in 2020 at $18936.62 Those 4 days account for 0.14% whilst the rest of 2761 days account for 99.86%. In the long run, most of people are in profit even they are FOMO. Exceptions for people who are FOMOed in the 4 days: 4 days from 16 Dec 2017 to 19 Dec 2017 +----------------------+
| date high |
|----------------------|
1693. | 16dec2017 19716.7 |
1694. | 17dec2017 20089 |
1695. | 18dec2017 19371 |
1696. | 19dec2017 19177.8 |
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I don't use it and don't have interest in such complicated TA.
A glance shows me that you need to be very patient to do this TA but the decisive factor is not your patience when you do TA. It relies on your patience when you wait to entry and exit market with your orders. All TAs will be useless (even you do great analyses) if you don't have enough patience to start and finish your plans.
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Above all analyses or theories, please remember bitcoin price is on its yearly upwards trend. It is enough if you ignore all ups and downs of bitcoin in last more than 10 years. Fact sheet for bitcoin price (daily low, high, close price over years)
What people are missing out on this is the simple fact that 2020 has been higher than any other year on average, obviously other years may have some higher numbers for example 2017 having $20k but we are talking about a whole year average price and 2020 has been the best year ever for that.
It is the best if you look at it neutrally or look at it as a person stays outside the market. If you have been in the market this year, you can get huge profits or huge loss and your entry, exit prices decide profit or loss. No one has same profit/loss in the market. I remember the crypto market in 2017, and then I lost more than I earned due to my inexperience, but today I have already known what to do.
True that. In bull market, you can get profit very easily but the hard part is how to keep such profit in your balance.
Leverage is not easy and I always telling to a lot of people because there are times that they are doing over leverage and they will regret it whenever they lose it, the price of the bitcoin is becoming and it is true that the history can repeat itself.
Nothing is wrong with leverage if you know what you are doing, where to entry and where (at price) your orders will be liquidated with the leverages you use for your orders. The current movement of the bitcoin is telling that the price will go into some consolidation first before it pierced the ATH.
Consolidation means corrections then stable price band for a while.
We can't rely on the technical analyst only, you should be better to look with the another side especially fundamental analyst.
You need fundamental analysis and on-chain analysis. Technical analysis is useless due to manipulations but discover manipulations is a beauty of investment and tradings. Also, based on the chart at 2017 ago we didn't have a history chart to make a decision when should we buy and sell. But now, we can see the previous histroy to make a decision
It is not as simply as that. History can be repeated or not and whales can set up traps for you if you blindly look at history and believe it will be repeated. |
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I am in freefall too!
Where are all those merits gone?
Check details in Top-50 most merit-earned topics each year, each month (2018 - 2020) can help to have some ideas. That topic is a hole in terms of topic (it is the biggest destination topic after WO. In history, most of big topics come from theymos). By the way, I congratulate you LoyceV. theymos did not plan anything for the 11th anniversary so you might have your due diligent change to surpass theymos the first time with earned merit statistics. October 2020| __________________________________________________________________________ | _____________ | __________ | __________________ | | Topics | Earned-merits | Percent | Sum of merit in Sep. | | __________________________________________________________________________ | _____________ | __________ | __________________ | | [Interviews] with Bitcointalk members | 1064 | 5.0 | 21517 |
Is there a Merit black-hole?
The only one I can think about:
In addition, there are some rising stars and they collect more merits on the forum while you know the weekly, monthly merit distributions are all fine around the medians. Some of significant rising stars: - Please accept my sorry if you see this update: @Ratimov, @zasad@, @Rikafip, @bullrun2020bro, @Bthd, @efialtis.
As I raised my opinion months ago that after the reallocation of merit distributions to merit sources, I felt people (not only merit sources) are more easily to send sMerit away. I don't call it as abuse but there are low quality posts which should not receive merit. I also see many merit sprees for nothing. Recent weeks, I've seen some easier merit giveaways and honestly I don't like that but in reality spammers won't be able to go up too high in ranks.
Kinda net-effects from: - Rising stars
- Rising topics
- Inactive merit sources (might be not if looking at median of merit distributions)
- Standards of sources or members on quality are decreased.
- Restructures for merit distributions from English boards to local boards (maybe)
- Changes in merit exchanges back and forth between ranks. That topic is outdated but you can use it and compares with updated data from DdmrDdmr Merit dashboard. Where receivers received merits from, and meriters sents merits to
Last 2 or 3 months, my earned merit statistics have increased but I notice most of my merit came from knowledgeable and reputable users. I did not receive much merit from lower ranks and it is strange.  |
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September 2020
October 2020
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