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wywoc
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September 26, 2019, 04:12:28 PM |
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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?
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Mark_R (OP)
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September 27, 2019, 08:38:39 AM |
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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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Mark_R (OP)
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September 27, 2019, 08:48:09 AM |
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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 thy price is consolidated. Thus, let us wait for the next steps |
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Mark_R (OP)
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September 27, 2019, 12:12:18 PM |
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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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PuertoLibre
Legendary
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Activity: 1834
Merit: 1003
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September 27, 2019, 03:01:29 PM
Last edit: September 27, 2019, 04:13:25 PM by PuertoLibre |
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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. There is a strong sell pressure by the bears and the institutional investors are testing the price velocity before deciding the direction of the main trend IMO. These price levels act as a support level which can turn to the resistance in case of continuation of the downtrend. From a psychological point, the panic selling has not started yet and if emotional traders accelerate the market speed this will likely turn to similar downfall cases happened before 2017. What do you guys think about the next move by the institutional investors and financial markets-crypto related hedge funds? |
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Pipdips
Member
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Activity: 210
Merit: 13
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September 27, 2019, 03:34:37 PM |
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Yeah. And another $77 million worth of BTC long contracts liquidated on BitMEX today
What is happening with those? Where did the money go to? Is it just being moved to a different exchange? |
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Mark_R (OP)
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September 27, 2019, 04:15:14 PM |
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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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pieppiep
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September 28, 2019, 12:35:10 AM |
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A trader will have to keep in mind that its volatile market so don’t give your profit to other just for making panic selling. Keep patience so your profit will not go to any exchange but will remain in your wallet which can be store by you, to should not give up as always there is another way. Trading is really reliable so better don't quit your job you can carry both at the same time.
Besides that, a trader should know how to anticipate if the market is running in out of expectations. It is hard to be a day trader because that will need to learn so many lessons to analyze the market. Sometimes you will find no signal in the market at one point, so that means, you need to leave the market for a while. I agree that if someone already has a job in real life and he wants to learn about trading, and he succeeded with his trading, it's better to stay with those 2 jobs. He can make more income from those jobs, and he can also save money for his life. Here it is what I got:  It seems the price wants to break the higher price and bitcoin price already did that. The price now has increased to more than $8100, according to Bittrex. Although the red candle still appears, we have a chance to see the candle will change into green in the next week and I want to wait for more. |
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Mark_R (OP)
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September 28, 2019, 01:17:51 PM |
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BEARISH ENGULFING
Shorted after a bearish reversal pattern 110 patterns reward  The pattern is broken down: 
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wywoc
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September 28, 2019, 02:14:28 PM |
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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 thy price is consolidated. Thus, let us wait for the next steps It continue side away in this new 8k $ level. And then, maybe will like the past. I think this time we can long BTC for scalp trading, but for the long term IMO we will have a big dump awaiting. |
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gwdf1
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September 28, 2019, 02:49:16 PM |
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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?
Compared to the rest of the history of its fall, this collapse does not look so impressive. The fall of the main cryptocurrencies by 14.3% occupies only 41st place in terms of volume of fall, since 2010. This Bitcoin crash happened just one day after the release of the long-awaited physical delivery futures trading platform, Bakkt, and it seems to have had a very strong impact on the cryptocurrency market. Suppose, the fall will be stopped soon. |
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Mark_R (OP)
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September 30, 2019, 11:15:50 AM |
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 The drop is not so impressive as previous year, anyway, we have what we have. The price is still moving in a range with the major bearish and bullish targets ($7600 and $8400 accordingly) |
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Mark_R (OP)
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September 30, 2019, 11:16:42 AM |
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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 thy price is consolidated. Thus, let us wait for the next steps It continue side away in this new 8k $ level. And then, maybe will like the past. I think this time we can long BTC for scalp trading, but for the long term IMO we will have a big dump awaiting. Agree. Since August there are more scalping opportunities |
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Mark_R (OP)
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September 30, 2019, 11:19:13 AM |
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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?
Compared to the rest of the history of its fall, this collapse does not look so impressive. The fall of the main cryptocurrencies by 14.3% occupies only 41st place in terms of volume of fall, since 2010. This Bitcoin crash happened just one day after the release of the long-awaited physical delivery futures trading platform, Bakkt, and it seems to have had a very strong impact on the cryptocurrency market. Suppose, the fall will be stopped soon. This was not Bakkt only. There were also tech issues and the traditional market events influence. As Bakkt has shown, the investors are not that ready as the were supposed to be |
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Mark_R (OP)
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October 01, 2019, 08:44:55 AM |
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The time will show how Bakkt is. The 75x difference comparing to CME volumes is not necessarily a failure. Growing competition between the derivatives platforms is driving the industry.  |
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Pipdips
Member
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Activity: 210
Merit: 13
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October 01, 2019, 06:37:25 PM |
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Wow, BitMex is huge. Why isn't Bakkt on there?
Mark I am sending you +1 Merit for all your helpful replies in this topic.
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Mark_R (OP)
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October 02, 2019, 08:13:11 AM |
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Wow, BitMex is huge. Why isn't Bakkt on there?
Mark I am sending you +1 Merit for all your helpful replies in this topic.
Yeah. Looks like it is too early. Probably being so well-established, Bitmex is not willing to conduct contraversial actions. Thank you a lot, Pipdips! Trying to be somehow educational  |
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Mark_R (OP)
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October 02, 2019, 08:50:49 AM |
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 Just closed the trade inside the diapason after the second attempt to break the resistance. Looking for the strong levels and diapason trading opportunities. |
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Mark_R (OP)
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October 02, 2019, 02:52:17 PM |
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SEPTEMBER TRADING RESULTS The month turned out to be dedicated to shorts 🐻 Overall, not bad, but also not as it was expected.  |
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