 Show Posts
|
|
Pages: « 1 2 3 4 [5] 6 »
|
I've seen quite a few threads asking people's thoughts on the best cryptocurrency exchange. These days there's a lot out there so I thought I'd share my list of the best cryptocurrency exchanges with everyone. Some are better for different needs (ie: trading with particular fiat currencies) but here's my list of which are, in my opinion, the best and I have thoroughly tested. https://www.cryptoadvocate.net/post/best-cryptocurrency-exchange |
|
|
|
Thought I'd share my article which discusses my three favorite indicator types to use to make sure that you're trading with the trend. Trading a trend is often far more profitable and less effort than trading choppy markets and these can help identify when a market is trending and when it starts to trend up or down. https://www.cryptoadvocate.net/post/top-3-cryptocurrency-trend-indicators |
|
|
|
A week has past since this article was created and the market has proved his analysis wrong. I have to admit it that I just read his article now only to find out that I wasted my time, this wasn't an educated analysis at all and he only had used RSI as an indicator whoch he didn't even mention in the article. If you are reading the article now you might just see that it might just be FUD so that the OP will get the 7,000$ price he wanted.
How has it been proven wrong? The only thing wrong is that I expected lower within 48 hours; doesn't mean it still doesn't get there. Here we are back to $8100 after a brief rally. RSI is just something I keep an eye on for divergences, not really used. |
|
|
|
Continuing my series of weekly updates on Bitcoin price action, the latest looking at the weekly ranged that has been defined by Bitcoin and how price has interacted with it. Never a guaranteed outcome but worth looking at the recent range high rejection and what that means for Bitcoin. Full thoughts here: https://www.cryptoadvocate.net/post/bitcoin-weekly-update-10-13-2019This was very insightful and we'll laid out. Bitcoin ride to the 9k levels won't be very easy as at now, there are few resistance along the way that need to be broken. It could keep swinging within this current region for sometime, maybe a little dip by weekend and hopefully a push from next week. Thanks for the kind words |
|
|
|
Continuing my series of weekly updates on Bitcoin price action, the latest looking at the weekly ranged that has been defined by Bitcoin and how price has interacted with it. Never a guaranteed outcome but worth looking at the recent range high rejection and what that means for Bitcoin. Full thoughts here: https://www.cryptoadvocate.net/post/bitcoin-weekly-update-10-13-2019I have read your article, technical analysis is very interesting if we understand where and when we will move. the technical analysis that you made really helped me, because waiting halving is too long, maybe I'll wait when the price is at 7000-7500 2 weeks. Thank you for sharing information, I have read several other articles that you made. Thanks, hope you continue to read! |
|
|
|
the problem with bitcoin price is that you can never predict the sudden drops. what you can predict is the downtrends and uptrends but never the sudden movements.
what we had was a sudden drop which didn't even take a full day to get to the bottom of it! there is no way you could ever predict that.
on top of that, calling this a downtrend and "continues to drop" is a bit odd to me.
I don't think I agree. I'd been posting for a long time that I was anticipating a breakdown. No one's ever going to predict the day it will happen but I called for it and didn't waver from that call. As far as the suddenness... if price has bounced from the same level that many times, when it does give out it's going to be violent. The same thing with the 6k breakdown. |
|
|
|
Good read. I pretty much agree with everything you mentioned. I also think that a good buy in price is somewhere between where we're at now and $7500. If you're looking to buy, I don't think you'll end up doing too bad at this price. I think we'll see another $9500-$10k within the next couple weeks. Probably sometime whenever we get closer to that $7624 mark you mention in your article.
Yea, I buy spot every week, at least when I think price is in a good long term position. If I had to guess at BTC PA over coming weeks/months I'd say take out range lows below $7600, find way back up to $9500, eventually see high $6ks after that before seeing new highs |
|
|
|
Well, considering OP was expecting his 7000 to 7350 buy orders to be filled in the "next 48 hours" 2 days ago we can say that his bear call was for nothing and he turned out to be wrong. Now I am not saying he will always be wrong but that is what happened for this time only.
It means as you can see even the people who are really good at these kinds of stuff could turn out to be wrong in bitcoin world because it is not like the fiat markets which does what is expected of them. If you master forex you would be hardly ever wrong because it really does what it is expected (unless some president does something crazy, yes I am talking about Trump). So all in all we do expect a bear run soon but it may not be as soon as we imagined it would be, it may take some more time to come.
Markets are never certain, I certainly communicate that in every post I write. I personally profited greatly, despite the jump in BTC price since my short orders were moved into profit. I mean I've called for low $7,000's since $12k and it got to $7,700 lol. Still think there's more downside, though I've described my conditions for when I'll consider flipping bullish in my latest post here: https://www.cryptoadvocate.net/post/bitcoin-weekly-update-10-13-2019 |
|
|
|
Pretty accurate predictions actually. You called the rally in Chainlink as well, kudos. Resistance at $8.2k is still extremely strong, it doesn't seem like BTC will very easily break through that level at all. There is simply not enough bullish momentum to get us going anywhere near the 5 figure psychological level that would signal the resurgence of a bull market at the moment. I think that the more likely outcome is probably a dip below $8k, testing the $7.2k support that you speak of within your article. If that holds up we could see a very slow and stretched out recovery, and if not, there could be an extended period of bearishness. But I wouldn't be so quick to call this market right now a bear market, though. Thank you |
|
|
|
Continuing my series of weekly updates on Bitcoin price action, the latest looking at the weekly ranged that has been defined by Bitcoin and how price has interacted with it. Never a guaranteed outcome but worth looking at the recent range high rejection and what that means for Bitcoin. Full thoughts here: https://www.cryptoadvocate.net/post/bitcoin-weekly-update-10-13-2019 |
|
|
|
I believe Kraken offers margin trading for US residents, no? Leverage is capped at 5x and requires KYC. It's the best "legit" option we have, but it's no replacement for Bitmex or Deribit. Bitmax is worth a shot as well, though hasn't been around as long so doesn't have quite the same track record.
It looks like the maximum leverage is 10x (which is okay for me) but liquidity is really bad. Check out this wick down to the $8,000s a few days ago: https://bitcointalk.org/index.php?topic=5178197.0I wouldn't recommend margin trading with such thin order books. Same problem at Kumex......only safe for really small positions. Agreed, but at this point the options are: 1) Go with Kraken, do KYC 2) Use a VPN, use Bitmex or ByBit 3) The only alternatives are less established which by default means order books are going to be thinner |
|
|
|
Bybit is superior to Bitmex in a lot of ways (order submission, customer support, etc.) though if your main purpose is to avoid the region ban, not going to make any difference. I believe Kraken offers margin trading for US residents, no? Bitmax is worth a shot as well, though hasn't been around as long so doesn't have quite the same track record.
|
|
|
|
Well, OP might have a little something to take care of or a very busy person indeed for not updating weekly as he promises And I guess that his links were already dead because I can not open it, Well we can not blame him from not updating his thread for each and every one of us have their own different life,
And as of now, the price is at $11,254.01 USD I guess that we still have resistance from $11,500 USD the movement is still the same and the usual normal, No indication that it will increase anytime soon!
The link is dead? It works fine for me. Unfortunately no update this week as I don't have the time. I do post briefer updates on Twitter though, so make sure to check that out. Posted updated thoughts this morning, think we go to $11.2k-11.3k soon, I longed in the $10.2ks. |
|
|
|
|
