Finally, it went out of the range. Managed to catch it at the retest almost at a $10200 level. After 2 attempts to break the second resistance closed a half (general rule of mine) and then managed to gain some more at the long-awaited but weak breakout.  |
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Finally, it went out of the range. Managed to catch it at the retest almost at a $10200 level. After 2 attempts to break the second resistance closed a half (general rule of mine) and then managed to gain some more at the long-awaited but weak breakout. |
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Difficult decision to really quit a regular job and fully focus on crypto trading. But I guess the OP has covered and already think many times before making the decision so kudos to you. I just wish that you make the right decision. Many take that route as well, but only few became successful. Its really hard to give financial advises, but I have said, it's your own decision, best of luck to you.
Me too if I get a chance to earn 12 btc ld rather quit my job and focus on crypto because l may get a chance to earn bigger than 12btc. Because l cant earn in my entire life of what I can get in crypto job. Im sure there are lots of ways to earn big. There are indeed. We need just to look and see. And work a lot!This is all about work and about skills in trading you will make good trading but only by increasing your knowledge in it. Work hard never be greedy or emotional so you will be able to get all your income with zero risk. Better keep in touch with the regular job as well as we can trade in free time but trading is best earning resource. Mostly it depends on your personal results and ambitions. Also risk tolerance and capital under management. Your responsibilities and aims in life. Personally I am free and really love to earn, I hate not optimized work time and so on. Thus, after mastering trading skills I chose it as financial freedom. But trading is easily customized and of course it is great opportunity also as a hobby or part-time earning resource. |
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Difficult decision to really quit a regular job and fully focus on crypto trading. But I guess the OP has covered and already think many times before making the decision so kudos to you. I just wish that you make the right decision. Many take that route as well, but only few became successful. Its really hard to give financial advises, but I have said, it's your own decision, best of luck to you.
Me too if I get a chance to earn 12 btc ld rather quit my job and focus on crypto because l may get a chance to earn bigger than 12btc. Because l cant earn in my entire life of what I can get in crypto job. Im sure there are lots of ways to earn big. There are indeed. We need just to look and see. And work a lot! |
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As I see - you have professional approach. And I would like to ask you advance - what do you think about Whitebait. New exchange, but in the same time - they have 17 mln trading volume
Bbh, never tried this. Will research. As for the volume numbers, I won't trust them from the first glance as wash volume is a thing that is widely spread nowadays. Probably it is not about Whitebait, who knows. Did you try it yourself? I'm a bit old-fashinable in terms of the trading platform choices  |
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When I read the news regularly my trading gets all out of wack. Sometimes I take nibbles from the news leads that get posted at TradingView.com and it is like a bad habit!
One example: there are these two influential guys (out of Chicago) that sometimes make announcements in the news, and every time I see their comments or headlines posted, I immediately stop trading because when these guys say Bitcoin is going to the moon, the price slams down hard.
In my experience a lot of Bitcoin news is best avoided! Is there a specific news source that you follow?
Well, yeah, this happens... Actually my position in terms of the news is to stay ALWAYS informed but not rush into buying or selling asap after you see the piece of news (some exeptions are ok. or if you are pump and dumper) So, what I do is just read several sources (trustable), cannot advice any as they vary and I'm not a fan of any of them... and look at overall sentiment in the market. Orderbook and chart. It all implies logic. I never hurry in this case. What I can say about sentiment trading is that you'd better buy on rumors and sell on newsAnyway, use you sentiment or not in your trades, being aware of what happens is rather positive than negative, imo. Just control yourself. |
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This result can only be envied, because bitcoin today is the most profitable asset for the last ten years and continues to dominate the market of digital currencies
It is so indeed About 70% of the market share. |
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So far, I only dream about it and am looking for an exchanger on which to start trading. What can you recommend? So far I have settled on Whitebit
What was your choice based on? Personally I recommend to use well-known well-established exchanges. Binance - spot market, futures were just launched Bitmex - futures opportunities (for newbies the leverage is not recommended) Bitfinex - margin trading (again, be careful!) with low comissions... There are also lots of good exchanges. Look for security, liquidity... |
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Shorted after the 3rd attempt of the price to break the $10,400 level (resistance) out. Closed after the 2nd rebound from the support.  |
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Shorted after the 3rd attempt of the price to break the $10,400 level (resistance) out. Closed after the 2nd rebound from the support. |
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BTC PRICE DRIVER
Proven: Yuan falls, Bitcon grows, as Chinese regard BTC as a hedging asset. What happens now:
Yuan devaluation due to
-Chinese economy slowdown
-US trade war with the United States
-Monetary easing (China)
Long-term growth? 🤔
I think you are looking too far into this because blatant price manipulation is what controls Bitcoin prices. The price of Bitcoin does not coincide with any news or political events, it only seems that way if you read the news and if you follow politics. Otherwise the price of Bitcoin is just what it is. Bitcoin is still a very independent asset class that operates on it's own time and at it's own pace. I still think that all the Chinese politics and Chinese Yuan in the world are not enough to change Bitcoin price. Try not reading any news for a while and you will see. The only thing that really verifies drastic price moves are big buy or sell walls and you can see those by following the order books! Yeah, I do follow the orderbook dynamics, chart and volumes.. Anyway, the sentiment has an impact as well, imo. It is reflected in the price as a complex of factors. Sometimes it is already discounted by the price. Sometimes it is still a trigger or a hint for trader. Stay informed but use the facts wisely. |
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What will the top 5 cryptocurrencies be on Jan. 1, 2020?
Lots of upcoming projects are out to displace ETH. The drawdown in relation to the hist. max is almost 90% (remember $1300?). EOS, NEO, Tron, Tezos etc... Great competition. But BTC looks to stay for long, anyway.
I am not sure that something will change greatly. Bitcoin will be the leader, and Ethereum will follow it. However, I guess that Ripple can lose many positions. Now, it is not as popular as before, and fewer people are ready to invest in XRP as they started to understand that Ripple is not "to-the-Moon" currency. Binance coin has more chances to get higher and even take the 3rd place. Yeah, I tend to agree that the time period till Jan. 1, 2020 won't introduce significant changes. Ripple is already is not that promising... Not bad pump&dump instrument. As for BNB, it shows a steady growth even though the project is young. I'd say also that in long term, as it seems to me now, ETH is losing positions, but I'm still waiting for the news and updates. Btw, LTC is gaining a market share. Looking carefully. Probably it would be a valuable investment at least in mid term. |
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Here are some significant levels for bullish and bearish scenarios. For now no essential movements to catch, but look at this downwards trend broken.  |
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Here are some significant levels for bullish and bearish scenarios. For now no essential movements to catch, but look at this downwards trend broken. |
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Hey. I'm Mark. Shortly about myself: quit my major job to earn my way by trading and it exceeded my expectations. What I got from it that everything is possible, guys. Here will be the deals I make, some of the stuff to continue the learning curve and anything I found interesting to share with you. Disclaimer: None of this is financial advice, do your own research, share and earn. [ 12 years in trading, 4 years in crypto trading ] Here's one of them:  Each deal is a piece of art
Follow me on Twitter to keep up with the latest trades, get price analysis and other trading hints:
https://twitter.com/MarkRobTradesCongratulations for achieving and even surpassing your expectations, I hope i can also be satisfied with my trades in the future. i am still out of focus i admit but thank you for sharing it kinda helps me having this motivation to put action more than just hoping. You are welcome! Hope to make the threas helpful or at least inspiring. Trading requires lots of effort and is not an easy path, but that effort is rewarded! |
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I do trading as another source of income, while my essential source of income is my ordinary job. I am not able currently to quit my job, to do full-time crypto trading, because this action is very risky actually, since the market is down and the volatility is very high.
This is what I was doing for a long time. This is less risky and at the same time brings profits and pleasure. Good luck! |
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12 years in trading and 4 years in crypto trading, you have a long experience and you are quite good at trading if in your total experience you have 16 years in the market. to get out of work and trade full time and finally succeed in making a big profit, you take a big risk considering in trading we can not make money regularly, a little advice for those who do not have more experience in trading I hope to rethink if you want to follow the path of the OP.
Indeed. Trading is risk. Trading full time is double risk! This requires experience and practice. |
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BTC PRICE DRIVER Proven: Yuan falls, Bitcon grows, as Chinese regard BTC as a hedging asset. What happens now: Yuan devaluation due to -Chinese economy slowdown -US trade war with the United States -Monetary easing (China) Long-term growth? 🤔  |
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BTC PRICE DRIVER Proven: Yuan falls, Bitcon grows, as Chinese regard BTC as a hedging asset. What happens now: Yuan devaluation due to -Chinese economy slowdown -US trade war with the United States -Monetary easing (China) Long-term growth? 🤔 |
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Is there another thread of your trading instead of "recent trades"
This is his only thread. But I am also interested on his coming trades and future market insights. I bought BTC again at $10,400 few days ago. You think we are reaching $11,000 in few days without a correction below $10,000? Hello mate! $10,400 is a really strong support and it was also a resistance for a long time as well. Therefore, consider a purchace after the preakout to be quite a wise idea. However, the market is currently is restricted by the upper strong level below $11,000 Therefore, I expect the price to be fluctuating in few days in the range. But in more long term I expect growth related to the September's promising events. Will monitor the strong levels and tendencies. At this market I often use trailing stop if possible... Additional info on your issue Some thoughts on BTC price further movements backed by the chart evidence. Will enter a trade with more clarity at the chart.  Yes $10,400 keeps on holding and looks very solid support. I am still using spot trading in Binance. Sold most of my bitcoins already at $10,700sh as I don't like the weekly and 4 hours chart. What makes me very curious now is the coming Bakkt launching this September 23. This must be very big but it is only 2 weeks to go and there isn't much big upward movements. Why not futures along with spot? Yes, 4-weeks chart looks not that positive... commented on that here lol: https://twitter.com/MarkRobTrades/status/1170297391901282305But I'm still regarding Bakkt as the potential for BTC price growth... will look at the chart, news etc. Sure the price will discount it but in the question is in what scale |
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