I'm a full-time crypto trader. Here're my recent trades & answers to questions

[Mark_R]

Bulls showed their strengths for a while. As it was stated, $9900 cross resulted in upwards breakout. Entered after a small rollback and the movement confirmation. Now $BTC got stuck at the next level. Closed the position with it. Enough for now.

[Mark_R]

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.

[Mark_R]

AUGUST TRADING RESULTS

The beginning of the month was marked by growth. Till August, 8 had a solid inflow of the profit (example below) Then it was normal, ranges were obvious. Started mostly scalping and chillin after the 20th with the volatility lack.
Gains: 4 BTC💥

[Mark_R]

Made a trade on ETH after rthe 5-days resistance breakout. The movement was not really promising due to the upper resistance, thus already closed. Here's the obvious range that is the supposedly projected track for the price in the nearest future.

[MinoJerky]

Is there another thread of your trading instead of "recent trades"

[inthelongrun]

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?

[Mark_R]

Is there another thread of your trading instead of "recent trades"

On Bitcointalk I also have the more old thread where I'm telling about quitting the job and going on full-time trading - https://bitcointalk.org/index.php?topic=5146383.20
Also I duplicate there the trades (I was just asked to make an independent thread with the trades only, this is the thread we are in)

[Mark_R]

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...

[Mark_R]

World's going crazy.

The events summary that matter in trading & investing a lot. Hope you do not underestimate what happens in the world and traditional markets. Crypto market discounts everything.

Any additional events? What in your opinion had or will have the most impact?

[Mark_R]

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.

[Mark_R]

Being trader is like

[Mark_R]

A half is closed as a strong resistance is here and the volumes tell about bears' strength. Anyway, the tendency is positive.

[Mark_R]

Google Trends records abnormal "BTC" request growth

The idea is the following. There are bots (algos) that start buying $BTC with the growing interest in it.  Some speculators  agter buying BTC artificially increase the nu of requests. Algos work - Price grows - Profit

[Lunar_FAX]

Took advantage of the low volatility!

Flying upper and upper above the fields of Europe.  Looks like my own volatility is better than the one of crypto market 😂

Sometimes it's better to get a rest a bit from trading to have a jackpot later! Enjoy your weekends! 🥂


https://i.postimg.cc/0260rD85/Fly.jpg

Amazing having so much free time
I am a full-time worker (collar) and trade on weekends. Feel exausted so often

[inthelongrun]

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.

[Mark_R]

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/1170297391901282305


But 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

[Mark_R]

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? 🤔

[Mark_R]

Here are some significant levels for bullish and bearish scenarios. For now no essential movements to catch, but look at this downwards trend broken.

[Lunar_FAX]

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? 🤔

https://i.postimg.cc/8PZD2LF6/Correlation.png

Interesting insight
Desided to monitor Chinal economical and political state. Currently backtesting my strategies and take that into account
Works indeed!
You are genius mate

[Pipdips]

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!