[Daily Discussion] Monday, March 05, 2018 Bitcoin Markets |
- [Daily Discussion] Monday, March 05, 2018
- Bitcoin Technical Analysis: Charts Looks Awesome, I Remain Bullish (Follow Up)
- Quantamize Machine Learning 3-Day Forecast for Bitcoin: Buy
- Price Analysis March 5: Forecast on BTC/USDT
- Risk management tools for cryptocurrency traders, holders and miners with derivatives
- Everyone's Waiting on BTC - WHADDAMIGUNNADO? (Technical analysis)
- The Next Big ICO Seems Like it May Come Out Of Korea
| [Daily Discussion] Monday, March 05, 2018 Posted: 04 Mar 2018 08:06 PM PST Thread topics include, but are not limited to:
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| Bitcoin Technical Analysis: Charts Looks Awesome, I Remain Bullish (Follow Up) Posted: 04 Mar 2018 08:24 PM PST Hi all. Last month, I posted a technical analysis of Bitcoin here, in which I said that I have "loaded up" on Bitcoin and other cryptos: https://www.reddit.com/r/BitcoinMarkets/comments/7yroxi/ive_been_loading_up_on_bitcoin_over_the_past_2/ In that post, I promised that I would follow up on my analysis no matter the outcome. I'm happy to report that the charts look better then ever after BTC crossed the key 50-day moving average. Summary of my findings: looking at a period of almost 2,000 trading days, only 5 trading days are comparable to 3/1/2018. On March 1st, after BTC crossed above its 200-day moving average and spent a whopping 49 days trading below its 50-day moving average, it finally across above this key technical threshold. In my screen, I looked for situations where 1) BTC spent 7 or more days trading below its 50-day, 2) BTC just crossed above its 50-day, and 3) BTC is also above its 200-day. Of the 5 days out of 2,000 that satisfied the above conditions, the subsequent 60-day gains were an median of 33% vs. 15% over the same period for random 60-day periods. The average is 55% vs. 35%. The lowest subsequent 60-day return among the 5 comparable days was still a positive 4%. Looks good to me. I haven't sold a single bit. Hodling. If you want to see charts and my full argument, check it out here: http://cryptoblockchainresearch.com/2018/03/05/bitcoin-technical-analysis-charts-look-great-remain-bullish/ I would love to hear what you guys think about the current set up! [link] [comments]  |
| Quantamize Machine Learning 3-Day Forecast for Bitcoin: Buy Posted: 05 Mar 2018 09:41 AM PST Quantamize has run its proprietary cryptocurrency machine learning algorithms for a basket of cryptocurrencies. Our 3-day forecast "Buy/Don't Own" signals have been updated for recent price, volume and transaction data. For transparency purposes, these signals have an accuracy rate over 60%. This month, we will be releasing a cryptocurrency product on our website for 25+ cryptos allocated into 4+ portfolios. The formal release will include performance data as well the statistics supporting the conclusions of the models. [link] [comments]  |
| Price Analysis March 5: Forecast on BTC/USDT Posted: 04 Mar 2018 07:05 PM PST As seen in CoinLive technical section: While the market continues to edge higher, with the break of the descending trendline now a distant (confirmed) event, the key takeaway should be the pattern of decreasing volumes. Unless higher volumes come though, buyers are going to have a tough time breaking through the $12k resistance as offers will most likely absorb, comparatively speaking, the tepid number of bids we are seeing. Bulls must confirm a successful rotation off recent swing lows by breaking and holding above the $12k area. As written in our latest update, another failure to break into new highs may see a transition into a consolidation phase. We continue to see limited interest for a meaningful upside breakout. On the hourly, a second cycle to the upside has been confirmed, which makes any potential setback likely to encounter further buying interest. Bulls will stay in control while above the POC (Point of Control - Yellow Rectangle). On the contrary, if acceptance is found below, while still in a valid uptrend as per 2nd leg built, a deeper setback could be expected. On Sunday, we saw an impulsive leg up with gives hopes for the bullish case ahead of a potential attack of $11.7-$12k. As written last Friday, if the decreasing volume eventually leads to a failed test of $11.7-12k, we may potentially carve out a double top, in which loss of confidence may result in renewed selling interest. On the flip side, any change of dynamics that may produce a decisive breakout of $12k will most likely see an acceleration of the bullish momentum as it will set up the stage for a significant structural bullish breakout. In terms of key levels, the major battleground in the range of $11.7k-$12k is almost upon us. Finding an equilibrium by the build of value above the latter, preferably on increasing volumes, will be the absolute best bullish scenario one can expect. On the contrary, a topside failure is set to lead to a setback towards $11k ahead of $10.8k, with a break lower set to expose $10.3k and $10k. [link] [comments]  |
| Risk management tools for cryptocurrency traders, holders and miners with derivatives Posted: 04 Mar 2018 09:13 PM PST MARKET Protocol ("MARKET") has created a unique contract that derives value from an underlying asset settling in the future, using smart contracts and blockchain technology. With MARKET any ERC20 token can be used as collateral to gain price exposure to something else, like gold, oil, stocks, bonds, bitcoin or another ERC20 asset.. MARKET Smart Contracts are similar to traditional derivatives in that they are a contract between two or more individuals, which settle in the future based on the price of an underlying asset. Traders can create relationships like AAPL/USDT or SALT/ETH utilizing their digital assets as collateral without converting to fiat currency. https://medium.com/@MarketProtocol/why-derivatives-cb65de0cd528 [link] [comments]  |
| Everyone's Waiting on BTC - WHADDAMIGUNNADO? (Technical analysis) Posted: 04 Mar 2018 11:29 AM PST Every crypto is steadily dwindling in terms of volume as they await BTC's next move. It looks like it's moving in to test the neckline of its massive inverse head and shoulders pattern. Chart: https://www.tradingview.com/x/IQnI01aB/ LTC is sending mixed signals as the price fluctuates on low volume. Massive inverse head and shoulders on this one too. There is also a small head and shoulders and a symmetrical triangle. Truly the silver to Bitcoin's gold. Chart: https://www.tradingview.com/x/ThQb7AoF/ Let's hope for a bull-run, boys. Good luck and happy trading. :) [link] [comments]  |
| The Next Big ICO Seems Like it May Come Out Of Korea Posted: 05 Mar 2018 06:58 AM PST https://steemit.com/cryptocurrency/@jnem/the-next-big-ico-seems-like-it-may-come-out-of-korea Koreas Next Big ICO You know all those cute Korean emoticons that are everywhere? You might be seeing a lot more of them on some cryptocurrencies here pretty soon. cacao_a.png Much of the cryptocurrency world has been watching the Telegram ICO develop over the past few months, with news recently coming out that it has reached over 1 billion dollars in funds raised. That would make it by far the largest ICO ever. But that may not be a title it holds for long. Kakao, the largest messaging service in Korea, with around 50 million users worldwide has recently announced that they will be conducting an ICO. But wait, how can a messaging platform with only 50 million users globally conduct an ICO larger than one with 180 million. Those numbers don't work out. Let me tell you why I think the Kakao ICO will dwarf the Telegram one. First, and the most obvious. Kakao won't have any problems getting their coin listed. Why? Because they own a 20% stake in Upbit, by far the largest exchange in Korea by coins listed, and consistently number one in volume. On some days it is the number one exchange globally by volume. So creating demand and a market for Kakao coin shouldn't be an issue. But still only 50 million users. I mean it will be big, but it won't pass Telegram right? Wrong. Kakao, although only having 50 million users, is used everywhere in Korea. 95% of phones here have it installed. In Korea, want an Uber? Nope, Kakao Taxi. Google Maps? Nope, Kakao Maps. Spotify? Nope, Kakao Music. Venmo? Nope, Kakao Pay. Coupons? Nope, Kakao Gifts. Pinterest? Nope, Kakao Style. Uber Eats? Nope, Kakao has that too. Oh and a majority of the game apps developed here are released through Kakao. You can even buy clothes in app. You can set up reservations for haircuts, You can blog on Kakao. You can reserve movie tickets. You can ever order groceries to your door through this. Do I need to continue? This could effectively be what many hoped Bitcoin would. A means of payment accepted everywhere. I wouldn't be surprised if companies outside Kakao are forced to begin accepting it after awhile. This is actually scary. Now this is of course all speculation, but it definitely has the potential to be the biggest ICO ever. At the moment, there isn't too many details on how the ICO will be conducted expect for the fact that they have established a company with the tentative name "Kakao Blockchain." Also, they have set been doing a lot of fundraising in Singapore, recently raising over 1 billion USD for investment. The ONE thing that I can see really holding this back is of course the Korean government. Currently ICOs are illegal here, and the government has been pretty firm on that. Companies like ICON and BOS coin have done their ICOs overseas, so it is expected that Kakao, if this really happens, will do the same. What do you think about all these companies doing ICOs? Do you think they will succeed? Are they harmful to the overall cryptocurrency space, or do they help it? And how shoul/will governments react to companies like Kakao, Amazon or Paypal having their own coins? Thanks for the read. If this kind of info is helpful, help me out with a follow on Reddit and Steemit :) [link] [comments]  |
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