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    [Daily Discussion] Tuesday, February 27, 2018 Bitcoin Markets

    February 27, 2018

    [Daily Discussion] Tuesday, February 27, 2018 Bitcoin Markets

    [Daily Discussion] Tuesday, February 27, 2018

    Posted: 26 Feb 2018 08:05 PM PST

    Thread topics include, but are not limited to:

    • General discussion related to the day's events
    • Technical analysis, trading ideas & strategies
    • Quick questions that do not warrant a separate post

    Thread guidelines:

    • Be excellent to each other.
    • Do not make posts outside of the daily thread for the topics mentioned above.

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    submitted by /u/AutoModerator
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    Texas State Securities Board Issues Crypto Cease and Desist Order, Fifth This Month

    Posted: 27 Feb 2018 07:44 AM PST

    The Texas State Securities Board (TSSB) has issued yet another cease and desist order. This time around, the TSSB sent a cease and desist order to Panama based cryptocurrency exchange LeadInvest. The TSSB said it considers LeadInvest's mining operations and trading platform an unregistered securities offering. Furthermore, the TSSB claims that LeadInvest has been making false and misleading claims promising 20-100 percent returns. And last but not least, the TSSB is accusing LeadInvest of using stock images of individuals who have no connection to the LeadInvest company in place of their actual employee's images in the "Team" section of their website. This is the fifth cease and desist order issued by the TSSB this month. Source: https://cryptocomes.com/texas-state-securities-board-issues-crypto-cease-and-desist-order-fifth-month

    submitted by /u/CryptoComes
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    Third time we're *precisely* bouncing off this resistance line...bearish?

    Posted: 27 Feb 2018 07:09 AM PST

    This is the third time we've hit this resistance line over the past 2 months. Any concepts why? https://i.imgur.com/rb22tGw.png

    submitted by /u/epaga
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    Are Markets Predictable?

    Posted: 27 Feb 2018 01:50 AM PST

    /u/DeucesCracked and I currently have a wager going on as to the predictability of markets.

    My respectable opponent in this tussle maintains that markets are inherently unpredictable as to whether a price will rise or fall. My position is that market trends have statistically significant effect that will allow a trader with a sufficient set of skills to generate a profit.

    To wit, my fellow redditor has provided a randomized assortment of stocks (BDGE, HDP, JQC, EVO, URI, DVA, JYNT, HBI, FNK, FTV). My claim is that over the next 10 days, more daily candles will match the previous days candle (green or red), than those that will reverse course.

    It's been ambiguous as to whether we are placing actual money on the outcome (/u/DeucesCracked has suggested 4.9/5 odds in their favor, which I find reasonable). Regardless I have promised that should the outcome fall out of my favor, I will publicly admit my error and bow to any factual data that emerges.

    What do people think? Is one of us clearly wrong? Do most people think it's one or the other?

    (Also, I'm sure we both know that 10 days and 10 stocks is hardly a statistically valid sample. We're going off the proposal as laid, but if anyone wants to backdate some numbers and give us harder evidence one way or the other, I would love to read it.)

    The original thread: https://www.reddit.com/r/Bitcoin/comments/806gwu/trying_to_keep_myself_away_from_fomoing_into/duth2qy/)

    EDIT: Grammar

    submitted by /u/silasfelinus
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    Bitcoin - Breakout in March

    Posted: 27 Feb 2018 05:23 AM PST

    BTC - March breakout

    BTC - this was a classic breakout from a falling wedge. The big breakout will be when BTC breaks through the downtrend line. If we see a tight consolidation at the top of this move or a bull flag then it could happen soon..by the end of the week. The month of March starts on Thurs and all the monthly pivots will re-adjust. BTC will be trading comfortably above the March monthly PP which I currently calculate at 7850 9409 which hasn't happened since Jan 11 when the selloff really accelerated. Historically I've noticed a lot of big moves in BTC begin in the change-over at the beginning of the month...we'll see.

    Edit - I miscalculated the PP...it's actually 9409. I added the range instead of the close. Right now it's 9409 but at 7pm tomorrow it could be higher or lower. As long as BTC is trading above the PP on Thurs and stays above we will probably see higher prices...

    The PP (Pivot Point line) is calculated by adding the high, low and close of a fixed period (day, week, month, year) and dividing by 3. The Pivot Point line basically represents fair value for the period of time selected. When a crypto or any other tradable instrument is trading above the PP line it indicates sellers are asking for a premium and buyers are willing to pay a premium as compared to what traders were paying on average in the previous time period. Trading below the PP line indicates the opposite. Trading above the PP line is considered bullish and below bearish.

    submitted by /u/CryptoAho
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    Poloniex acquisition: Baidu and three Chinese financial firms are also backers of Circle

    Posted: 26 Feb 2018 03:18 PM PST

    110% noob looking to learn about day trading

    Posted: 27 Feb 2018 03:19 AM PST

    Any videos you'd recommend explaining how to get into it? Obviously very very risky if you don't know what you're doing, but there are some good "safeguards" that I have right now:

    • I would be trading minuscule amounts of LTC for learning purposes

    • this LTC was mined, not purchased

    • I don't pay for electricity so it's literally free (very small risk of losing anything outside of 5$ for learning purposes)

    If you have any good intro to trading videos you think could help I'd greatly appreciate it! Most that I've seen haven't been very informative from a completely new to trading standpoint though they're titled as if they were.

    Thanks everyone and best of luck in your trading endeavors!

    submitted by /u/yardbeer
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    The actual question about the accounts on the Bitfinex exchange?

    Posted: 27 Feb 2018 05:11 AM PST

    At the present time, crypto-exchange, bitfinex has become more closed and launches a number of programs and projects. However, the demand for net unrealized accounts registered by the end of 2017, without a deposit limit of 10k USD, is in demand. I want to ask whether it is worth to get rid of such an account if it is available or to wait until the ideas of bitfinex are fully implemented for an ideal trade on it?

    submitted by /u/OutsideIf
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    Can someone ELI3 margin/leverage trading?

    Posted: 26 Feb 2018 11:06 AM PST

    I think I get the general understanding of it but I need confirmation. For example if I were to deposit $100 into a Bitmex account and used 3x leverage, that means I have a $300 position right? So I'd make profit going long or short then I would with no leverage?

    submitted by /u/high_occupation
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    Margin Trading for US Citizens

    Posted: 26 Feb 2018 05:46 PM PST

    Forgive me if I'm missing if this was already posted, but I'd like to have some BTC in a lending account, and do some trading myself.

    I'm currently on Poloniex with a legacy account, but there seems to be not much volume.

    I'm looking at WhaleClub, but the +1% financing fees are surprising me.

    Obviously I can't use Bitfinex, so I was wondering what other exchanges everyone uses?

    submitted by /u/afeastofcrows
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    Have a weird r/r calculation i can't make sense of.. help?

    Posted: 26 Feb 2018 01:54 PM PST

    Alright so long story short i use a lot of scaled orders for entry both long and short. I trade on a 2% max risk rule and don't usually take trades that project less than 3:1. Scaled order make it way easier for me to not have to baby my entries as obviously btc can trade very erratically at times but my issues is with the new R/R calculations when i have only a partial order fill before price moves in my intended direction.

    If price moves against my idea then fine I have lost 1R, but if i get a partial scaled order fill and price rebounds in the intended direction what is my new risk? Since the full order didn't fill I'm no longer sitting at 3:1 RR. Lets say for example i place a 10btc long order and only fill 5 btc before price begins moving in the intended direction, if the idea was 3:1 and half of the order fills is the idea now 1.5:1? I am only making half the profit i would have had my entire order filled. But here is the even trickier part, what is my risk? Since i will almost always bring stops to breakeven on a significant rebound taking my risk to zero does it even matter? Is my RR 3:1 if my whole order fills and if only half the order or some other % gets filled and rebounds bringing my stoploss to B/E then it just doesn't matter?

    I realize this is a bit confusing but I like to always have a very good grasp on my risk for any given trade and using scaled orders has been confusing me a bit. Can anyone shed light on this?

    submitted by /u/PercentEvil
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    How does YoBit Trade History work? Difference BUY and SELL?

    Posted: 26 Feb 2018 11:29 AM PST

    Image: https://imgur.com/a/6xxLD

    I don't really understand how a trade can be a sell or a buy trade? Surely every trade must have both a buyer and a seller?

    Can anyone clarify this for me?

    submitted by /u/LleytaCrypto
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    Hopping Over Front-Running On Crypto Exchanges

    Posted: 26 Feb 2018 12:52 PM PST

    Cryptocurrency exchanges are full of automated trading bots that eat away at profits. Interesting post from SFOX on how their Hare algorithm helps traders outsmart the bots exchanges and get better pricing/execution speeds on trades.

    submitted by /u/pmp301
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