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Topic: I'm a full-time crypto trader. Here're my recent trades & answers to questions - page 14. (Read 5472 times)

newbie
Activity: 54
Merit: 0
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
member
Activity: 434
Merit: 34
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  Cheesy
member
Activity: 434
Merit: 34
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 news
Anyway, use you sentiment or not in your trades, being aware of what happens is rather positive than negative, imo. Just control yourself.
member
Activity: 210
Merit: 13
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?
newbie
Activity: 67
Merit: 0
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
member
Activity: 434
Merit: 34
Shorted after the 3rd attempt of the price to break the $10,400 level (resistance) out.  Closed after the 2nd rebound from the support.

member
Activity: 434
Merit: 34
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.
member
Activity: 434
Merit: 34
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.
sr. member
Activity: 882
Merit: 251
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.
member
Activity: 210
Merit: 13
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!
newbie
Activity: 21
Merit: 0
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
member
Activity: 434
Merit: 34
Here are some significant levels for bullish and bearish scenarios. For now no essential movements to catch, but look at this downwards trend broken.

member
Activity: 434
Merit: 34
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? 🤔

member
Activity: 434
Merit: 34
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


hero member
Activity: 1848
Merit: 601
The Martian Child
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.
newbie
Activity: 21
Merit: 0
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
member
Activity: 434
Merit: 34
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


member
Activity: 434
Merit: 34
A half is closed as a strong resistance is here and the volumes tell about bears' strength. Anyway, the tendency is positive.

member
Activity: 434
Merit: 34
member
Activity: 434
Merit: 34
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.


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