[Daily Discussion] Sunday, May 06, 2018 Bitcoin Markets |
- [Daily Discussion] Sunday, May 06, 2018
- [Altcoin Discussion] Sunday, May 06, 2018
- last 12 months, how it could have been
- why is bitfinex funding / lending rates at 40% year return on coinlend.org? I dont understand why USD is so high. can someone explain?
- How difficult is it to set up a trading bot?
- Are there any 24/7 live streams about cryptos?
- 2018 Cryptocurrency Crash (Elliott Wave): Ten Thousand Tease
- How to interpret volume flow indicator?
- COINMINEPOT.ORG SCAM INVESTMENT WEBSITE - WARNING TO ALL BITCOIN INVESTORS
| [Daily Discussion] Sunday, May 06, 2018 Posted: 05 May 2018 09:06 PM PDT Thread topics include, but are not limited to:
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| [Altcoin Discussion] Sunday, May 06, 2018 Posted: 05 May 2018 09:06 PM PDT Thread topics include, but are not limited to:
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| last 12 months, how it could have been Posted: 06 May 2018 09:20 AM PDT |
| Posted: 05 May 2018 09:41 PM PDT |
| How difficult is it to set up a trading bot? Posted: 05 May 2018 11:14 AM PDT Hi everybody, I assume many of you use trading bots. How easy (or difficult) are they to set up? Is there any particular one that you recommend? [link] [comments]  |
| Are there any 24/7 live streams about cryptos? Posted: 05 May 2018 10:57 PM PDT I found this one, but they only trade and show the one thing. [link] [comments]  |
| 2018 Cryptocurrency Crash (Elliott Wave): Ten Thousand Tease Posted: 05 May 2018 11:37 PM PDT 2018 Cryptocurrency Crash (Elliott Wave): Ten Thousand Tease Crosspost: https://bitcointalk.org/index.php?topic=2711461.msg36443894#msg36443894 History —08-JAN-2018: Elliott Wave, https://redd.it/7ptsg3 —12-JAN-2018: Crypto Black Monday, https://redd.it/7pxg0d —24-JAN-2018: Dotcom vs Crypto, https://redd.it/7skzff —21-FEB-2018: Bear Market Resumes, https://redd.it/7z8u6n —28-FEB-2018: Halfway Through, https://redd.it/7umjf9 —13-MAR-2018: Fare Thee Well Ten Thousand, https://redd.it/842ssd —19-MAR-2018: Equinox, https://redd.it/85m5tr —03-APR-2018: April Fools' Rally, https://redd.it/89jqye —19-APR-2018: 420 High, https://redd.it/8dbz4f —25-APR-2018: Symmetrical Triangle, https://redd.it/8ev2ki —06-MAY-2018: Ten Thousand Tease, https://redd.it/8hdhjn Since the 01-APR-2018 low, the Bitcoin market has now rallied an impressive 55% and, at the time of writing came within $10 of hitting the psychological $10,000 mark, $9990 on Bitfinex. Quite a tease, but thus far, Fare Thee Well Ten Thousand remains! (https://redd.it/842ssd #10kNeverAgain) An overall Symmetrical Triangle formation since the since the 06-FEB-2018 low still appears to remain in play unless 11700 (Bitfinex) is exceeded; structure as follows: https://i.imgur.com/6bLcTOR.png —wave-a: Rallied 95% from the 06-FEB to 05-MAR, retracing a 50% Fibonacci of the downtrend wave that began on 06-JAN. —wave-b: Declined 45% from 05-MAR to 01-APR, retracing a 95% of wave-a. —wave-c: Rallied 55% from 01-APR to thus far with upside targets as follows (Bitfinex):
The first target has been exceeded, the second target has been met with an additional 44 points thus far; since then, the market appears to have found weakness. Price/RSI negative divergences are appearing on multiple hour timeframes suggesting the rally is being superficially driven simply to hit the psychological 10000 mark: https://i.imgur.com/LT7wU4I.png Exceeding the psychological 10000 mark would clear the price/RSI negative divergences and drive price towards the third aforementioned target zone. At this point in time, taking out 9736 would indicate weakening upside momentum —a short position there would pose a 2.55% risk with a stop at 9990. Should wave-c be complete at time of writing, it would suggest the entire Symmetrical Triangle forms beneath the psychological 10000 level. There are two further waves required to complete the Symmetrical Triangle pattern. Given the converging price action trendlines of the triangle, the following are projections for the two outstanding legs: —wave-d: Expected to decline and retrace at least a Fibonacci 78.6% of wave-c towards 7200. Converging trendlines of the Symmetrical Triangle would suggest a 30% decline to approx 6750. —wave-e: The final leg of the Symmetrical Triangle pattern, and the shortest. Expected to retrace between a Fibonacci 61.8% to 78.6% of wave-d, rallying approx 35% towards 8750 to 9250. The converging trendlines suggest the Symmetrical Triangle pattern ought to complete in Jun. At which point, the bear market is expected to resume towards 4257 which marks a Fibonacci 78.6% retracement of the entire Bitcoin market. Looking at the overall market, it appears many popular cryptocurrencies have rallied into key Fibonacci resistance areas. For example, LTC has now retraced a Fibonacci 50% of the decline from 20-FEB-2018 to 01-APR-2018. Speculative and guesswork Elliott Wave model indicative of price and structure not time, as follows: BTC (4-hr): https://i.imgur.com/YVeTdWI.png BTC (Weekly): https://i.imgur.com/OhwfIBl.png BTC (Daily): https://i.imgur.com/Uxjw3Zk.png LTC (Daily): https://i.imgur.com/UCUy2LG.png [link] [comments]  |
| How to interpret volume flow indicator? Posted: 05 May 2018 12:20 PM PDT I tried to analyse bitcoin's volume which seems unusually irregular. I looked for some kind of median volume indicator to filter out outsiders. I found this interesting indicator "volume flow indicator" or VFI, supposedly bullish for positive values and bearish for negative values. I can't really make sense of the VFI's code since I don't know this language, he seems to mix the median price with the volume with a threshold to eliminate outsiders. Using default values for the daily chart of bitcoin gives a surprising result: The VFI became negative on 13 march 2018, and it was positive since december 2016. The current value hasn't been that low since 2014. This seems fishy. Using a shorter time frame, or a much lower VFI length (like 30 instead of 130) gives a positive current value instead. Is there an interpretation of such a low value on the daily? (Note: This was part of a longer post I made 2 days ago but was spam filtered due to YT links.) [link] [comments]  |
| COINMINEPOT.ORG SCAM INVESTMENT WEBSITE - WARNING TO ALL BITCOIN INVESTORS Posted: 05 May 2018 02:01 PM PDT COINMINEPOT-dot-org is a scam website. One of my friends deposited and invested 0.1 BTC in one of their cadre scheme and never received anything from the site for either the 200% ROI nor a return of the initial investment. then they block him from the Online Chat Messaging after he complained that after 2 days, he still never received anything in return WHERE THE SITE PROMISED 24 HOURS RETURN ON INVESTMENT OF 200%. When he tried to chat with them Online they never respond anymore and after a few minutes BLOCKED HIM FROM ACCESSING THE CHAT ONLINE. They will try to bluff client that their system is upgrading to 0.5 BTC plan so they are experiencing traffic network, but it isn't true at all as they will start blocking people who found out that they are a Huge SCAM! Please don't fall for this website! WARNING to ALL! [link] [comments]  |
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