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)
Topic: I quit my job to do full-time crypto-trading. Made 12 BTC profit last month - page 21. (Read 10847 times)
September 30, 2019, 06:15:29 AM
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)
September 30, 2019, 06:04:40 AM
BEARISH ENGULFING
Shorted after a bearish reversal pattern
110 patterns reward
The pattern is broken down:
Oh, a quite interesting strategy with results. Have you any scripts on the TV platform to find such patterns? Or "handmade" only? Shorted after a bearish reversal pattern
110 patterns reward
The pattern is broken down:
Do you use volumes in own analyses or candle&FA only? I'm interested in such methods of trading. But I try to view on the volumes also because TA is secondary, volumes and sales are primary as I think
Before I used to trade everuthing. Tried TV strategies, plenty of indicators. But after some years I switched to "handmade" things that are coming from experience. The strategies are customized for the capital sum and personal preferences.
The strategy includes TA and volumes, this is a kind of combination to pay the attention to all its integral parts.
If I see an interesting idea somewhere, I test it for some time (including historical data) looking how it works in my personal case.
September 30, 2019, 05:59:29 AM
Mark, do you see alternate coins behaving much differently compared to Bitcoin? I nwaotice that you trade with some of the big alts like ETH and XRP. Do those big Alts alys seem to follow the price movements a few hours or days behind BTC's price actions? Can you describe any behavior patterns like that between BTC and Alts, and how your trading pairs switch from trading BTC over to an alt, are there any dependable reasoning behind what makes you decide to switch pairs like that? Are you spending equal amounts of time monitoring several cyrpto's every day, or do you mostly just concentrate on watching the price of BTC?
For many years there was a high level of correlation between BTC and the majority of alts.
Here is an example:
0.5 to 1: Strong positive relationship
0.3 to 0.5: Moderate positive relationship
0.1 to 0.3: Weak positive relationship
-0.1 to 0.1: No linear relationship
-0.1 to -0.3: Weak negative relationship
-0.3 to -0.5: Moderate negative relationship
-0.5 to -1.0: Strong negative relationship
To see the correlation I use historical data and calculate calculate
Here is the resource I started with:
https://coinmetrics.io/correlation/
My major concentration is futures, mostly BTC. I'm not a fan of correlation strategies, but this works. Use it mostly with ETH and BTC
Other alts, if traded, are not to linked to BTC in my strategy
September 30, 2019, 05:25:56 AM
Will good luck for your new journey in trading. Quit your job if you are profitional trader already lets hope you wont regret your discision in the future because trading is realy deficult specialy in cryptocurrency its so volatile. For me i can do trading and working at the same time so that i have choices of income.
Committing 3-4 hours daily in cryptocurrency should be enough except for the so called day traders or involved in crypto project. Sometimes you might find it undeserving as the sole business with only trading. It keeps sedentary lifestyle and prone to eye defect with regular exposure to phones and laptop. Crypto is more lucrative with a long term plan
It depends on your skills and ambitions. On your trading style also and capital under management. Everyone chooses this on your own.
September 30, 2019, 01:25:59 AM
BEARISH ENGULFING
Shorted after a bearish reversal pattern
110 patterns reward
The pattern is broken down:
Oh, a quite interesting strategy with results. Have you any scripts on the TV platform to find such patterns? Or "handmade" only? Shorted after a bearish reversal pattern
110 patterns reward
The pattern is broken down:
Do you use volumes in own analyses or candle&FA only? I'm interested in such methods of trading. But I try to view on the volumes also because TA is secondary, volumes and sales are primary as I think
September 29, 2019, 01:44:01 PM
Mark, do you see alternate coins behaving much differently compared to Bitcoin? I notice that you trade with some of the big alts like ETH and XRP. Do those big Alts always seem to follow the price movements a few hours or days behind BTC's price actions? Can you describe any behavior patterns like that between BTC and Alts, and how your trading pairs switch from trading BTC over to an alt, are there any dependable reasoning behind what makes you decide to switch pairs like that? Are you spending equal amounts of time monitoring several cyrpto's every day, or do you mostly just concentrate on watching the price of BTC?
September 29, 2019, 12:45:47 PM
Will good luck for your new journey in trading. Quit your job if you are profitional trader already lets hope you wont regret your discision in the future because trading is realy deficult specialy in cryptocurrency its so volatile. For me i can do trading and working at the same time so that i have choices of income.
Committing 3-4 hours daily in cryptocurrency should be enough except for the so called day traders or involved in crypto project. Sometimes you might find it undeserving as the sole business with only trading. It keeps sedentary lifestyle and prone to eye defect with regular exposure to phones and laptop. Crypto is more lucrative with a long term plan
September 28, 2019, 03:35:35 PM
I'm not so convinced about that 12 Bitcoins just in one month. And even if you managed to make that much don't expect this will last and that you will be able to make such profit all the time.
To quit steady job because of Bitcoin is very risky decision and actually only rare traders can make for the living only with trading so don't get too much under influence of beginners luck.
To quit steady job because of Bitcoin is very risky decision and actually only rare traders can make for the living only with trading so don't get too much under influence of beginners luck.
September 28, 2019, 02:53:56 PM
If it’s true that you earned 12 BTC in a month, that’s good. I congratulate you. It’s the right decision that you left your work.
September 28, 2019, 08:20:52 AM
Good for you man, for now i am keeping my job and will keep trading for my free time
but i am really targeting to also quit working so i can focus full time on trading but investment wise i wont rely on trading alone
i will not be employed but i am aiming to established a traditional business to support daily expenses.
I guess being part time or full time really depends on the traders preference.
Since long i am also dreaming this way I want to make my own business and for this I am trying to trade and work at the same time. In this expensive era we cannot rely on single way of earning money. So gradually I am also sparing money also suggesting you to spare money so we can setup our own business and also we can carry on trading in free time of our day. but i am really targeting to also quit working so i can focus full time on trading but investment wise i wont rely on trading alone
i will not be employed but i am aiming to established a traditional business to support daily expenses.
I guess being part time or full time really depends on the traders preference.
One of the worthy options. Personally I reinvest the money to the new trading ideas, more trades etc.
Business bears its own peculiarities, but is an interestng and prospective idea as well.
Yes. If you try and fail, congratulations! Most people won't even Try. You only fail when you quit.
September 28, 2019, 08:18:42 AM
BEARISH ENGULFING
Shorted after a bearish reversal pattern
110 patterns reward
The pattern is broken down:
Shorted after a bearish reversal pattern
110 patterns reward
The pattern is broken down:
September 27, 2019, 02:55:03 PM
Good for you man, for now i am keeping my job and will keep trading for my free time
but i am really targeting to also quit working so i can focus full time on trading but investment wise i wont rely on trading alone
i will not be employed but i am aiming to established a traditional business to support daily expenses.
I guess being part time or full time really depends on the traders preference.
Since long i am also dreaming this way I want to make my own business and for this I am trying to trade and work at the same time. In this expensive era we cannot rely on single way of earning money. So gradually I am also sparing money also suggesting you to spare money so we can setup our own business and also we can carry on trading in free time of our day. but i am really targeting to also quit working so i can focus full time on trading but investment wise i wont rely on trading alone
i will not be employed but i am aiming to established a traditional business to support daily expenses.
I guess being part time or full time really depends on the traders preference.
One of the worthy options. Personally I reinvest the money to the new trading ideas, more trades etc.
Business bears its own peculiarities, but is an interestng and prospective idea as well.
September 27, 2019, 11:10:20 AM
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.
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.
September 27, 2019, 07:12:35 AM
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.
The level the price fluctuates currently is substantial not only technically, but also psychologically.
September 27, 2019, 05:51:53 AM
As I noticed in the graph the triangle form was totally broke, But to be honest you are good in giving idea about this mate.
I admired the guts you have for giving up your job. And earning 12 bitcoin in just 1 month, though I don't know how did you do that?
But anyway, I think I need to keep an eye on your activity like this.
I admired the guts you have for giving up your job. And earning 12 bitcoin in just 1 month, though I don't know how did you do that?
But anyway, I think I need to keep an eye on your activity like this.
September 26, 2019, 06:51:29 AM
Good for you man, for now i am keeping my job and will keep trading for my free time
but i am really targeting to also quit working so i can focus full time on trading but investment wise i wont rely on trading alone
i will not be employed but i am aiming to established a traditional business to support daily expenses.
I guess being part time or full time really depends on the traders preference.
Since long i am also dreaming this way I want to make my own business and for this I am trying to trade and work at the same time. In this expensive era we cannot rely on single way of earning money. So gradually I am also sparing money also suggesting you to spare money so we can setup our own business and also we can carry on trading in free time of our day. but i am really targeting to also quit working so i can focus full time on trading but investment wise i wont rely on trading alone
i will not be employed but i am aiming to established a traditional business to support daily expenses.
I guess being part time or full time really depends on the traders preference.
One of the worthy options. Personally I reinvest the money to the new trading ideas, more trades etc.
Business bears its own peculiarities, but is an interestng and prospective idea as well.
September 26, 2019, 06:44:20 AM
Mark, I notice that you do everything manually. Have you ever tried bot (robot) trading before?
Definitely yes. But i never rely on bots only. If I use an automanted trading system, I conduct multiple and frequent backtesting. Each algorithm has an expitation date.
I love trading manually. To make it more effective and avoid routine, I use automated supportive services. E.g. statistics.
September 26, 2019, 06:38:26 AM
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
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
One more remark on this.
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 .
September 26, 2019, 02:26:19 AM
Good for you man, for now i am keeping my job and will keep trading for my free time
but i am really targeting to also quit working so i can focus full time on trading but investment wise i wont rely on trading alone
i will not be employed but i am aiming to established a traditional business to support daily expenses.
I guess being part time or full time really depends on the traders preference.
Since long i am also dreaming this way I want to make my own business and for this I am trying to trade and work at the same time. In this expensive era we cannot rely on single way of earning money. So gradually I am also sparing money also suggesting you to spare money so we can setup our own business and also we can carry on trading in free time of our day. but i am really targeting to also quit working so i can focus full time on trading but investment wise i wont rely on trading alone
i will not be employed but i am aiming to established a traditional business to support daily expenses.
I guess being part time or full time really depends on the traders preference.
September 25, 2019, 12:04:01 PM
Mark, I notice that you do everything manually. Have you ever tried bot (robot) trading before?
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