********************NEWEST UPDATE*********************
Ok bitcointalk! I have been hard at work over this last week. I have just put the finishing touches on my site!
I will be posting a new topic soon about how to identify pricing bottoms by utilizing the creation cost. It needs a couple more revisions, but it will be ready today or tomorrow.
Here is the link to my site again:
https://www.amsinger.orgAs always I love your opinions and criticism. You need friction to make fire
Aaron
P.S. The next client research will be covering the price volatility increases when bitcoin is high above the creation cost.
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*****************UPDATE****************
Thanks so much everyone for your opinions and views!
I am setting up a complete redesign of the site, and I will be back in around a week with all new research and probing bitcoin questions.
The site will be down while I make all the upgrades and rebalance the scales.
Bitcointalk is one of the few places where you can go to meet crypto people. I am honored to speak and share my data and views with you all!
Love and hard work,
Aaron
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I put my savings into bitcoin in May 2017, little did I know that was one of the best times to invest.
In May 2017 bitcoin’s creation cost was $1,173.22 and the price was $1,383.00. That was a risk of ~15% (wholesale bitcoin). Later that year, bitcoin’s creation cost increased to $3,265.33 and the price increased to $13,798.00. That was a risk of ~75% (retail bitcoin). The problem was, I did not sell.
I didn’t know about creation cost at the time. I didn’t understand how bitcoin actually worked back then. I had no ability to calculate my risk.
My portfolio got hit hard over 2018, especially in November. It was hit hard enough that I started learning and learning well. I learned the reason why the price dissolved. I learned how to calculate creation cost. I learned programming so that I could effectively track it and measure it. I learned that venture capitalists are a$$holes. I learned how to build and design my financial website, and now I am learning how best to communicate what I know to other people.
I designed this system so that you can take advantage of bitcoin just like I did in 2017, but unlike me, get out at the right time in 2018. I don’t want other people to go through what I experienced, especially if it is as simple as telling people what the risk is right now in bitcoin, and that timing is the most important thing.
My website is linked below:
https://www.amsinger.orgAaron
P.S. It feels like I am telling people to eat their bitcoin “vegetables”. Everywhere else they are screaming bitcoin 20k! or 30K! or 100K! selling their bitcoin “cupcakes”. But I’m a born entrepreneur, and quite frankly, I like the challenge.
The best time to trade Bitcoin, to maximize the probability of profit.
You can start trading one hour after the Asian session is opened to reduce the risk of "falling gap" on the chart, due to the shocking news that can cause prices to rise or rise in seconds. However, high trading volumes during work time in Korea and Asia, in general, provide a conducive space for transactions (buy or sell).
Before the Asian session closes at 7:00 GMT (14:00 WIB), European traders get ready. They read any info that has driven prices in the Asian session, to prepare for the Bitcoin trading position in the European session. Even though you also have trading opportunities at these times, the movements are somewhat unpredictable.
Overlap Session (Europe and parts of America)
Get ready around 09: 00-16: 00 GMT (16: 00-23: 00 WIB). Forex traders of course know this might be the busiest traffic jam, because the American news released around 1:30 a.m. to 3:00 p.m. (20: 30-22: 00 WIB) can be very dangerous. But in the world of crypto currencies, the number of markets that will begin to decrease is because transaction activities in Asia have subsided. There may be important news that can spin and the price of coins can change, but remain in a limited level. An important part of cryptocurrency activity in Overlapping sessions occurs in the Bay Area, the area around the Gulf of San Francisco, in California.
Relatively Quiet American Market
This session takes place from 18:00 - 23:00 GMT (01:00 - 06:00 WIB). After important moments on the West Coast and Asia at night pass, all markets will usually calm down. Sometimes, this time is too quiet to predict trading opportunities, but the risk of unpleasant surprises also decreases. Approaching the opening of the Asian session, there may be catalysts from countries such as Australia and New Zealand. However, the risk of price shock only occurs when the cycle repeats and the Korean market starts to get busy again.
When trading Bitcoin on weekends, pay attention to Asian sessions
Unlike forex, the Bitcoin market exchange stays open on weekends. During Saturday and Sunday, we may see high volatility. However, the surprising movement was more dependent on the existence of a significant news release. In general, the chances of surprise are more awake in the Asian session.
If you want to anticipate, it should be noted that the market conditions between 23:00 - 3:00 a.m. (00: 00-10: 00 WIB) may be more turbulent. Usually, trading volume may be lower, and price surprises can arise due to low liquidity. Therefore, 15: 00-23: 00 GMT (10: 00-18: 00 WIB) is the wisest time to trade on weekends.
Trade Bitcoin on a Market that is Trending
A market that is trending is a market that is heading in a certain direction. The market can have a bullish, bearish or sideways trend. Trending markets can provide many trading opportunities for technical analysts. Technical analysts will map the price patterns of a market to identify the trend direction for placing positions.
Investors can also follow the direction of market trends that serve as a benchmark for certain security. Trending markets are the main focus in technical analysis. Technical analysts believe that market trends occur in predictable repetitive patterns. The ability to recognize trends correctly can have a big impact on the results of Bitcoin trading.
Market Characteristics Trends
First and foremost, we need to know how to identify a trendy market. Many traders complain of difficulties in understanding this method for years, even though the concept is very simple.