trickyriky
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September 11, 2019, 05:51:08 AM |
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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.
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Mark_R (OP)
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September 11, 2019, 08:42:03 AM |
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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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Mark_R (OP)
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September 11, 2019, 08:45:53 AM |
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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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Mark_R (OP)
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September 11, 2019, 10:54:21 AM |
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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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ulfa21fall
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September 11, 2019, 01:17:32 PM |
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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
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*Link Removed* *Link Removed*
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Pipdips
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September 11, 2019, 03:45:53 PM |
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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?
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Mark_R (OP)
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September 12, 2019, 02:52:41 PM |
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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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Mark_R (OP)
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September 12, 2019, 02:56:03 PM |
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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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Serj88
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September 13, 2019, 10:24:12 AM |
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Successful trading is like getting pregnant... Everyone congratulates you when you manage it but no one asks how many times you got fucked first.
That's the most correct information I've ever heard
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Mark_R (OP)
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September 13, 2019, 01:48:43 PM |
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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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buwaytress
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Join the world-leading crypto sportsbook NOW!
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September 13, 2019, 08:01:31 PM |
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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.
I definitely like taking sentiment over TA (even if the latter can be slightly more entertaining) but all the same I don't think in the case of dovish central banks, the purported rush to buy up Bitcoin is happening or going to happen (soon). Sure, there's no more incentive even in the EU now to keep savings. But I can't see people with savings (my generation and older) withdrawing and closing pensions to buy... Bitcoin. A hint for traders I agree. But not much they can do about the hint unless they're in the very, very long game.
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Mark_R (OP)
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September 14, 2019, 02:29:34 PM |
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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.
I definitely like taking sentiment over TA (even if the latter can be slightly more entertaining) but all the same I don't think in the case of dovish central banks, the purported rush to buy up Bitcoin is happening or going to happen (soon). Indeed it is so. As for the banks and governance stuff.. Probably my grandchildren will enjoy the outcomes but I even not sure lol Sure, there's no more incentive even in the EU now to keep savings. But I can't see people with savings (my generation and older) withdrawing and closing pensions to buy... Bitcoin.
As for BTC & pension, this is not that general tendency, but it is rather about the USA. A hint for traders I agree. But not much they can do about the hint unless they're in the very, very long game.
++ Anyway, it depends...
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Mark_R (OP)
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September 14, 2019, 02:32:39 PM |
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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! 🥂
It is exactly what I miss in trading. I trade too much and sometimes even wake up at night to check positions, so I need a reload like you did) Do you trade for a long time? Experienced this as well. When I feel I overtrade, I try to see the market as a constantly moving nature (it is so!) and at the same time, I see myself as a limited engine. Thus, try to distribute the resources in an appropriate way. You won't need even a huge sum of money you gain if you totally have no time to spend it. Good luck!
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Renampun
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September 14, 2019, 05:16:55 PM |
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Successful trading is like getting pregnant... Everyone congratulates you when you manage it but no one asks how many times you got fucked first.
That's the most correct information I've ever heard words that make sense btw, thank you for the information you shared, I followed all the information and chart you provided, very recommendations to be used as a reference, high quality.
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buwaytress
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September 14, 2019, 06:21:24 PM |
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Indeed it is so. As for the banks and governance stuff.. Probably my grandchildren will enjoy the outcomes but I even not sure lol
Fortunately, I won't (well never say never but I'm somewhat running out of time haha) have that worry biologically, but yeah there are enough in the next generation for me to worry about and I do fear for their futures if they themselves don't take control, hence the reason I'm getting the teens under my care to slowly get exposure to bitcoin, but yeah. I'm not even sure they can enjoy the outcomes, but as much as I am able to prepare alternatives for them, I will. As for BTC & pension, this is not that general tendency, but it is rather about the USA.
At least for our generation, sure! I'm not sure it can always be so after this lifetime. Things have changed so drastically with monetary structures in the last 5 decades, I cannot imagine what another 50 will look like.
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Mark_R (OP)
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September 16, 2019, 08:22:54 AM |
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Indeed it is so. As for the banks and governance stuff.. Probably my grandchildren will enjoy the outcomes but I even not sure lol
Fortunately, I won't (well never say never but I'm somewhat running out of time haha) have that worry biologically, but yeah there are enough in the next generation for me to worry about and I do fear for their futures if they themselves don't take control, hence the reason I'm getting the teens under my care to slowly get exposure to bitcoin, but yeah. I'm not even sure they can enjoy the outcomes, but as much as I am able to prepare alternatives for them, I will. As for BTC & pension, this is not that general tendency, but it is rather about the USA.
At least for our generation, sure! I'm not sure it can always be so after this lifetime. Things have changed so drastically with monetary structures in the last 5 decades, I cannot imagine what another 50 will look like. Feel the same man. As for teens, it will be their choice, we are here for introduction role huh Looks like each time the development becomes more and more abrupt. It is out of our mind I guess, that's normal
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Mark_R (OP)
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September 16, 2019, 08:23:21 AM |
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Successful trading is like getting pregnant... Everyone congratulates you when you manage it but no one asks how many times you got fucked first.
That's the most correct information I've ever heard words that make sense btw, thank you for the information you shared, I followed all the information and chart you provided, very recommendations to be used as a reference, high quality. Thanks! Try to do it so.
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Mark_R (OP)
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September 16, 2019, 12:19:15 PM |
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A range of $10200-$10450 lasts for about 4 days already. Good diapason trading opportunity. If white levels are broken the price is likely to meet the following substantial levels as targets.
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Mark_R (OP)
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September 17, 2019, 02:18:41 PM |
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Closed a half of ETH long. Looking for the targets 1-2. Anyway, put a trailing stop due to uncertainty. Btw, this is a perfect illustration of a general market rule that a strong trend often beats a horizontal level. But it depends. Look straight in the orderbook.
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Mark_R (OP)
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September 17, 2019, 06:52:15 PM |
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The mood of the day: While a trailing stop cares about the rest of my ETH position, the only thing I care about is the amazing lakes of Croatia. Reloaded.
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