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

[Mark_R]

The triangle formation is perfect at #BTC futures chart. Waiting for a strong move up or down.

[1715371274]

1715371274

[1715371274]

1715371274

[Mark_R]

The triangle formation is perfect at #BTC futures chart. Waiting for a strong move up or down.

This worked. BTC lost $500 in an hour after an accurate triangle formed.

🔻This resulted in the liquidation of long positions on  BitMEX for a total of $154.7 million.

🔻News from China. The mining industry might be banned in the country. Boom!

[Mark_R]

The TOP10 assets from CoinMarketCap, except for Stellar (XLM) and USDT, are in the red zone currently.

Shorted ETH successfully in this strong bear rally after $210 support breakout.

[Pipdips]

🔻News from China. The mining industry might be banned in the country. Boom!

How do you correlate that news with the price drop?  Is it just your guess or is there solid proof?
 

[Mark_R]

The TOP10 assets from CoinMarketCap, except for Stellar (XLM) and USDT, are in the red zone currently.

Shorted ETH successfully in this strong bear rally after $210 support breakout.

Well, first of all, I rather associate a strong price movement with the triangle pattern, but there were no signs about the direction. The news on China probably acted as a trigger but not the major one. This is just for your info and for the future. The first piece of information is not a reason but a consequence of the strong movement.

[Mark_R]

[Mark_R]

Look at that lines that so accurately give signs for the trades. opened a short after the failure to break a strong resistance followed by two support lines broken. That brought 80 points of the profit.

Looking forward to the market reaction at Bakkt.

[Mark_R]

BTC is still acting in the range below $10060 and above $9870 levels. The market state is  extremely suitable for diapason trading. Just closed by short position with 115 points of profit.

[Mark_R]

ETH is doing well after a couple of weeks in September. If crossing $225 or $200 levels the bullish and bearish rallies are likely to start accordingly.

Pay attention to $270 level. This level might be fateful for ETH.

[Mark_R]

Shorted it again immediately after the range border is broken.  Looks like new a diapason is coming...

[Mark_R]

Caught that!
909 points won from half of the trade

[Pipdips]

Mark, what do you think of BTC's recent price drop?  It went down like $1500 in 24 hours, which is not too far out of the ordinary but it did coincide with the release of BAKKT and the price drop felt a bit exaggerated and stronger than in recent weeks.  Where do you think BTC is headed next?  It looks like a fully developed downward channel is clearly formed but will it bounce back above $10,000 any time soon?  It seems odd that the price would fall like this since Bakkt just went online with future trading and everything else surrounding the Bakkt hype.

Are there any other strong news leads that you are hearing of lately?

[Mark_R]

The other half is closed!

That was a cool short opportunity but currently overall market is rather positive. Even though some altcoins lost ~30-50% along with BTC drop, the hashrate is increased and the price is likely to recover!

[Eedward]

Hi bro! Do you provide any free signal for Bitmex?

[moneyball]

What is your biggest profit in 24 hours?

[Mark_R]

Mark, what do you think of BTC's recent price drop?  It went down like $1500 in 24 hours, which is not too far out of the ordinary but it did coincide with the release of BAKKT and the price drop felt a bit exaggerated and stronger than in recent weeks.  Where do you think BTC is headed next?  It looks like a fully developed downward channel is clearly formed but will it bounce back above $10,000 any time soon?  It seems odd that the price would fall like this since Bakkt just went online with future trading and everything else surrounding the Bakkt hype.

Are there any other strong news leads that you are hearing of lately?

Well, even though it was the largest intraday drop since January 2018 (18% on Tuesday), the market does not look dramatic. The $8000 level is not reached, and the price starts the correction.
The catalysts for the plunge, imo, seems to be the complex.

1. Tech analysis. The triangle was broken out (look at the chart
2. Technical issues. Sudden network hash rate drop
3. Bakkt underwhelming launch that is a good illustration of “buy the rumor, sell the news
But it's substantial not to judge basing on launch day trading activity. Bid for the price growth

[Mark_R]

Hi bro! Do you provide any free signal for Bitmex?

Hey man!
This channel is rather educative, sometimes I post online trades. This is to discuss mostly
Probably I will later

[Pipdips]

What do you use to monitor (or understand) the hash rate info ?

Also Mark, a few weeks ago you posted a link to a Fear & Greed index (or the fancy term is the Multi-factorial Crypto Market Sentimental Analysis), and I bookmarked that link.  Looking at it the past day or two, it has been waaaay far on the Fear side.

[Mark_R]

What do you use to monitor (or understand) the hash rate info ?

Also Mark, a few weeks ago you posted a link to a Fear & Greed index (or the fancy term is the Multi-factorial Crypto Market Sentimental Analysis), and I bookmarked that link.  Looking at it the past day or two, it has been waaaay far on the Fear side.

Well, were is the site I use to monitor hashrate:

https://www.blockchain.com/ru/charts/hash-rate

As for the public sentiment and price, that's a complicated issue. The BTC price drop might be triggered also by the huge sales of risky assets traditional markets in terms of macroeconomic instability and the start of Trump impeachment .

[kryper]

OMG
Bitcoin collapses =(
The rate fell by a thousand dollars per day ...