• Breaking News

    Tuesday, March 6, 2018

    Home Unlabelled [Daily Discussion] Tuesday, March 06, 2018 Bitcoin Markets

    [Daily Discussion] Tuesday, March 06, 2018 Bitcoin Markets

    March 06, 2018

    [Daily Discussion] Tuesday, March 06, 2018 Bitcoin Markets

    [Daily Discussion] Tuesday, March 06, 2018

    Posted: 05 Mar 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.

    Other ways to interact:

    submitted by /u/AutoModerator
    [link] [comments]

    The general public won’t care about crypto again until Bitcoin breaks past $20K

    Posted: 06 Mar 2018 07:16 AM PST

    When the Robinhood app announced they would be allowing crypto purchases, a few news sites heralded this news as a way for millions of new people to start pumping money into crypto. At the time I didn't really believe it, and as it turns out I was right. And the reason is simply because the general public has lost interest in cyrpto for the time being. Even though all of us in the crypto echo chamber still think it's the biggest thing in the world, the general public has a much different view and only when Bitcoin breaks $20K will that change.

    The sentiment of the general public has very much changed from late 2017 when virtually anybody you met was thinking about buying some Bitcoin or had already bought some. Even grandparents who can barely use a modern phone were asking family members about this "Bitcoin thing" they keep hearing about.

    But in this modern age, things come and go faster than ever. And for now, most of the public doesn't care that Bitcoin has already doubled from its low of around $5K. All they think is Bitcoin crashed from $20K. So right now, it is considered a loser unless you bought a long time ago. The notion of getting rich by buying Bitcoin now is not really a part of the narrative anymore among the general public.

    The reason I bring this up, as it may not seem important, but if you are looking for another 2017 style bull run, it's very important. You won't get another "alt season" unless the general public starts buying and trading again. And for that to happen, Bitcoin needs to approach and break $20K. The public doesn't care about blockchain and whether or not some company says they are looking into blockchain. Nobody in the general public cares about that and they never will. It's the price that brings in new money, not the tech. And not until the price comes back and breaks $20K will the general public catch the fomo.

    http://jamescrypto.com/the-general-public-wont-care-about-crypto-again-until-bitcoin-breaks-past-20k/

    What are your thoughts on this? Its difficult to argue against when we look at the current market conditions:

    • Total market cap is going sideways around 450 billion for a while now, no new money is actually entering

    • The rise in Bitcoin recently is simply bleeding from alts, not new investors putting money in on rising fundamentals

    • Very low total volume overall

    • Declining volume and order flow

    • Declining interest in social media (crypto Youtubers seeing massive drops in views, sites like CoinTelegraph seeing massive drops in article views, Google searches dropping...etc)

    submitted by /u/arsonbunny
    [link] [comments]

    Don't be complacent with the current conditions in Bitcoin... volumes are nowhere to be found, hard to see $12k breaking...

    Posted: 05 Mar 2018 04:41 PM PST

    As seen in CoinLive Technical section:

    The rise in Bitcoin remains dubious as poor volumes remain the norm, and while the break of the descending trendline was a positive input last week, the way Bitcoin is advancing raises questions.

    Why? Because judging by the volumes we are seeing, it won't take much selling interest to see the price taken significantly lower. That said, the best news for Bitcoin at this stage is that no selling appetite appears to be present either. We stand by our firm conviction that unless buyers increase their commitment to the current buy-side campaign, breaking through the $12k resistance and find equilibrium above stands relatively thin chances for now.

    On the hourly, we are in the midst of the second leg of a bullish cycle, which implies that even if a setback is seen, buying on dips will still make sense on expectations of a third extension. Also note, buyers have now 2 layers of demand in the form of POCs (Points of Control) that they can lean against to enter buy orders. Only a loss and hold below $11k will invalidate the current bullish conditions, resulting in a consolidation phase to ensue.

    The make-or-break resistance area at $11.7-$12k will continue to act like a magnet for buyers, while the constant decrease of volumes also communicates that the smart money may be more sensitive to run out of patience and take profits as clues continue to be given that not enough fuel/ammunition on the bid-side may be present to break through the resistance.

    If that's the case and a double top is carved out, watch for a significant loss of confidence that may result in sustained renewed selling interest. On the contrary, if we suddenly see a commanding bullish breakout of $12k, as we've said in the past, it will likely be off to the races for market participants, with an acceleration of gains will likely materialize.

    submitted by /u/Ivo333
    [link] [comments]

    Wanted: Better trading platform than Cryptowatch?

    Posted: 06 Mar 2018 03:03 AM PST

    I stumbled across Digital Golgi the other day, and their trading platform seems to offer a lot of killer features like:

    • multiple exchange integration (6 currently)
    • SL, trailing SL, & take profit orders for all exchanges
    • arbitrage matrix
    • coin portfolio / stats

    There's more, but it seems like they're still in the early phase of implementing everything in their vision and I'm hesitant to funnel any real money through their services, promising as they seem, much less pay to use a beta platform.

    Right now I use Cryptowatch & TradingView, and I've been a loyal paying customer for years, but I'm always looking for a better solution that offers additional features like I listed above. Any suggestions?

    submitted by /u/returnity
    [link] [comments]

    GDAX Question: Do all the masses buying/selling on Coinbase (both the website and app) appear as market buys/sells on GDAX?

    Posted: 05 Mar 2018 05:47 PM PST

    GDAX vs Gemini: which is better to cashout?

    Posted: 06 Mar 2018 06:45 AM PST

    Right now, I've gathered the following information:

    • GDAX has 0% trading fees, and a free ACH withdrawal

    • Gemini has 0.25% trading fees, and a free ACH withdrawal

    Therefore, the best (cheapest) choice would be GDAX from these stats. However, I do know that GDAX has had issues in the past so was wondering if anyone who has done this before could let me know how long the withdrawal takes (US bank account).

    Also if there are any other issues I should anticipate please let me know!

    Thanks!

    submitted by /u/Stormy1997
    [link] [comments]

    Historical minute-by-minute prices on bitcoin, (preferably with 2nd level prices and altcoin prices too)

    Posted: 05 Mar 2018 10:24 AM PST

    I am looking for high-resolution historical prices on bitcoin and possibly altcoins. I want the most complete source out there, with the most exchanges, most pairs and historical order books, if possible. I don't mind paying for the data.

    Here is what I discovered so far:

    High-resolution data (better than hourly):

    Hourly data (free):

    Daily data

    If you know any other source, please share.

    submitted by /u/johnturtle
    [link] [comments]

    Coinbase Profit Template

    Posted: 06 Mar 2018 10:04 AM PST

    MR3 – Curated blockchain and crypto news

    Posted: 06 Mar 2018 09:00 AM PST

    Just released a new version of Morning Reader, a simple way to keep up with blockchain and crypto news, curated from top sources like CoinDesk, TechCrunch, Bloomberg, Fortune, Cointelegraph, and more.

    submitted by /u/jalfaiate
    [link] [comments]

    My friend and I created a pattern recognition tool to serve as a price momentum indicator - Hope this helps your trading!

    Posted: 05 Mar 2018 03:09 PM PST

    Here's the tool: https://www.digitalgolgi.com/pattern_recognition/

    Would love to hear any of your thoughts/feedback. Message me here or through telegram!

    submitted by /u/Rojas561
    [link] [comments]

    Expecting a new ATH in the first few days of April 2018

    Posted: 05 Mar 2018 10:43 AM PST

    Just wanted to make a quick post for the sake of documenting my prediction. Please, NO ONE should base any trading decisions on this AT ALL! Like I said, if this prediction actually happens, I just want a predated record of it.

    This prediction is based on my admittedly unconventional TA which is rather complex and difficult to explain. I don't have time to go into detail about it now, but if anyone is interested, I'll post some charts and explanations later when I have more time.

    I'm predicting BTCUSD to reach and break through $19,900 sometime between April 1 and April 5 followed by a bull run up to anywhere between $27,500 and $30,000 (possibility to go as high as $50,000), peaking on April 21 followed by a pullback to somewhere between $20,000 and $25,000 over the course of 4 to 6 weeks.

    I know it's crazy. I know how very unlikely it seems, even to me. However, my "weird" TA points to it pretty strongly. I hope it's right, but if not then hey, I'm just another nut on the internet making wild predictions. Go ahead and yuk it up if you want, I'll laugh along with you. JUST DON'T PUT YOUR MONEY ON THE LINE BASED ON THIS!

    submitted by /u/GradyWilson
    [link] [comments]

    Coinbase Accused of Cheating Consumers in More Ways Than One

    Posted: 06 Mar 2018 03:06 AM PST

    Bloomberg is reporting on Coinbase facing several lawsuits from disgruntled customers. The first lawsuit is about alleged insider trading in connection with the launch of Bitcoin Cash on Coinbase and GDAX, while the other is about someone not being able to get back bitcoin that was sent to an email address (via Coinbase) and then not redeemed.

    Article URL: https://www.bloomberg.com/news/articles/2018-03-06/coinbase-accused-of-cheating-consumers-in-more-ways-than-one

    Archive URL (in case paywalled): https://archive.is/ogJrc

    From the article:

    Coinbase Inc. was slapped with a pair of lawsuits by disgruntled consumers, one alleging insider trading by employees at the giant digital currency exchange and the other accusing the company of failing to deliver cryptocurrencies to people who didn't have accounts.

    The class-action suits come as Coinbase and other crypto startups are beefing up their staffs with regulatory experts to legitimize themselves as they prepare for government authorities to impose stricter rules.

    The cases are Berk v. Coinbase Inc., 4:18-cv-01364, and Faasse v. Coinbase Inc., 4:18-cv-01382, U.S. District Court, Northern District of California (Oakland).

    ArsTechnica is also reporting on the above cases, as well as an additional case that is about a phishing scam: https://arstechnica.com/tech-policy/2018/03/angry-coinbase-users-sue-over-claimed-security-failings-insider-trading/

    submitted by /u/dnivi3
    [link] [comments]
    Read more
    at

    No comments:

    Post a Comment