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    Friday, March 30, 2018

    [Daily Discussion] Friday, March 30, 2018 Bitcoin Markets

    [Daily Discussion] Friday, March 30, 2018 Bitcoin Markets


    [Daily Discussion] Friday, March 30, 2018

    Posted: 29 Mar 2018 09:06 PM PDT

    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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    Top 100 cryptocurrency wallets by popularity. Monthly site visits and Android app installations amount.

    Posted: 30 Mar 2018 04:56 AM PDT

    Hi friends!

    I added the new section to Bitgur.com. It is Cryptocurrency wallets ranking. There are two metrics now. Site monthly visits and Android installations amount.

    You can filter wallets by coin or by platform. Metrics will update monthly.

    URL: https://bitgur.com/wallets

    Thank you for your attention. I hope this ranking will be useful. Tell me what do you think. And what wallets I forgot.

    submitted by /u/Bitgur_com
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    Chilean banks banned exchanges accounts in Chile (spanish article)

    Posted: 30 Mar 2018 07:50 AM PDT

    every exchange account will be closed in 10 days, there wont be any way to cash out or buying bitcoin in Chile

    http://www.emol.com/noticias/Economia/2018/03/29/900619/BancoEstado-cierra-cuenta-a-Orionx-No-vamos-a-operar-con-empresas-que-operen-con-criptomonedas.html

    submitted by /u/darkmyself
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    Bitcoin falls in to key support zone. Will it hold? - Technical Analysis 3/30

    Posted: 30 Mar 2018 05:12 AM PDT

    OKex futures dump to $4,750 while BTCUSD spot trading at $7,000: 40+% discount

    Posted: 29 Mar 2018 03:29 PM PDT

    Wtf is going on over there?

    Spot absolutely flat, even moving up a bit, and OKex futures sold off like crazy. https://twitter.com/whalepool/status/979479181825363969

    Liquidation cascade? Insider selloff?

    What is going on over there? Absolutely no manipulation protection?

    Edit: The futures are expiring in end of June. And the engine has been frozen now for about an hour and they halted trading.

    Seems likely they will rollback as this is a clear divergence from spot and their price limits did not seem to function.

    Edit 2: Here is the spot move on Finex/Stamp/Kraken aligned with a chart showing the discount Quarterly contracts dropped to: https://i.imgur.com/0o90DAk.png

    Edit 3: Official announcement is they are rolling back to HK time march 30, 5am: https://support.okex.com/hc/en-us/articles/360002293831

    They will settle all the open interest and just start fresh

    submitted by /u/theswapman
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    Bad Friday as bitcoin suffers on the ‘death cross’

    Posted: 30 Mar 2018 09:12 AM PDT

    As of Friday, the cryptocurrency was trading at 50 percent below where it started 2018. The decline over the past three months is in stark contrast to the three months leading up to start of the year when bitcoin tripled in price.

    It's not just bitcoin that has been suffering. Ether, the token of the Ethereum platform, is also down close to 50 percent year-to-date. It's even worse for Ripple's XRP; that token is off by nearly 80 percent since the start of 2018.

    Those practitioners of technical analysis—that is, the use of charts to explain and predict price moves—will say that bitcoin has gone through a "death cross". That's when the 50-day moving average of prices is below the 200-day moving average. When such a move occurs, it's a sign of lower prices to come. Read More

    submitted by /u/raaner12
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    Thoughts of a Professional Trader on the direction of Bitcoin!

    Posted: 29 Mar 2018 04:28 PM PDT

    Hi Everyone,

    I trade Bitcoin at a professional trading house and these are my thoughts on the future direction of the Value of Bitcoin.

    This is my second ever post so I'm a bit unsure if this is the correct area to post, please advise if I should be posting elsewhere!

    I've been live trading this bad boy for a job since the price reached 3k way back when, and these are some of my observations.

    Although the volume is decreasing by the looks of it on coinmarketcap.com if you look at the biggest exchange that does over 4 Billion a day in size (Bitmex) there has been an increasing amount of volume done over time. (much more volume than the December highs).

    There was a lot of momentum going from 6k to 20k with all the average people wanting to get on the train and now are left selling off what is left. Conversely there was a lot of Momentum going on the downside of the market when it went from 20k to 5.9k last month. Ever since then there has been more volume (On exchanges, where all the professional traders trade bitcoin) but less momentum as Bitcoin is still deciding which way it wants to go (to $0 or to the moon).

    From my points noted above and other information I have learned about the Bitcoin market over the year I have 2 scenarios that are likely to happen.

    over the coming week it will slowly trickle down (consolidate for a few hours then spike down 200 points etc) until it hits $5900 USD where the support was set on February the 2nd (This most certainly will happen as we broke the supports set at $7300 recently.). My thought is that after it trickles down to that support level it will test the level, and if it holds and is able to climb above $7500 that is a significant enough double bottom to be relatively stable. We would most likely then see a consolidation period between $5900 and the double top at $11700.

    If bitcoin were to break below the $5900 support we are looking at another bloodbath for cryptos. The price would then be in free fall and within 2 weeks I could see it drop to below 3k and then we are set for a wild ride.

    Looking at the bigger picture, however, I'm not sure of how useful Bitcoin as a currency will be to the world but I have heavy beliefe in the Blockchain technology.

    Given the Volume that is now being traded on exchanges and people the regular folks that have been burnt are starting to leave, I think it is very possible that major investors/players in the market are using this as an opportunity to increase their position in Bitcoin (Especially if it breaks below 5.9k). There will most certainly be another massive bull run, and the regular people will get excited and buy-in on Bitcoin again, will run the price above 20k and we will see another massive sell off. The big investors being the biggest winners as we see the regular folks be burnt once again.

    In no means will I be correct with my predictions but I've been as infront of a screen watching every single move this beast has made over a 6 month period and have profited over 20 Bitcoin over my time. These are just my predictions going into the future. I will most certainly continue to trade this beatiful thing!!

    Peace out! Ola

    submitted by /u/Olatrelexi
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    What are the main reasons for a huge drop in the crypto market at the beginning of 2018?

    Posted: 30 Mar 2018 08:18 AM PDT

    Are you buying/selling/hodling Bitcoin?

    Posted: 30 Mar 2018 03:40 AM PDT

    So yeah, what's your position right now? Take a poll so we can all see results; https://www.strawpoll.me/15393941

    submitted by /u/caco3boy
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    We broke out of strong resistance band which gave support at 8k for bitcoin. Time to test new local low? Watch if it is low of btc is higher/lower than previous to get bullish/bearish signal.

    Posted: 29 Mar 2018 10:59 PM PDT

    are kraken margin levels meant "in general" or monthly?

    Posted: 29 Mar 2018 02:16 PM PDT

    Hi! I've been trading for almost a year but Im dumb enough not to get exactly how kraken margin trading makes sense. I am currently Tier 3 which should enable me to borrow 50000 usd and 50000 eur. What I dont get is whether (1?) these sums re-set every month or (2?) are these sums general in a sense that overall, kraken wont lend me more than 50000 (whether I take 5 days to use it or 5 years) or (3?) whether it is only based o my current buying power and equity? Id be most happy if someone could clarify this for me :) cheers

    submitted by /u/hofno
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    Cryptoalpaca Airdrop Plan

    Posted: 29 Mar 2018 11:14 PM PDT

    Crypto Alpaca, limited time airdrop 0 to 5 generation alpacas, Ethereum! ! Register to air-drop the 0~5th generation Alpaca (currently 0.0003~0.3ETH) and get a chance to win the 1ETH Award!! Limited time registration!!! Receive address: https://www.cryptoalpaca.pet/welcome?source=zhihu

    submitted by /u/kaka3357
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