[Daily Discussion] Thursday, May 10, 2018 Bitcoin Markets |
- [Daily Discussion] Thursday, May 10, 2018
- [Altcoin Discussion] Thursday, May 10, 2018
- Bull market is right around the corner.
- Bitcoin was never in a long-term bear market. Looking at a logarithmic scaling chart, it more accurately shows the trend. This allows for a better visual of the moves that happened further back in time, unlike linear where the most recent run-up overshadows past bull moves
- Is Anycoindirect legit?
- Help me calculating EMAs please
- Moon Math Update: Noob DCA Strategy -- Second Edition -- Vol. 2
- Diversifying portfolios?
- Kraken, insufficient margin
- Bitcoin Market - Summer 2018 Forecast and Strategy.
- Post Mortem of a losing trade. Results oriented thinking or a good decision?
- In two weeks I was away bitcoin hoovered around 9.5k and creating new strong resistance band. New increase in volume needed for a new bigger move.
- How We Grew Our Crypto Fund To $1,000,000 In 1 Month Flat
| [Daily Discussion] Thursday, May 10, 2018 Posted: 09 May 2018 09:05 PM PDT Thread topics include, but are not limited to:
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| [Altcoin Discussion] Thursday, May 10, 2018 Posted: 09 May 2018 09:05 PM PDT Thread topics include, but are not limited to:
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| Bull market is right around the corner. Posted: 10 May 2018 01:56 AM PDT Last piece that was missing for BTC to be fully exposed to institutional money was custodian service. That is about to change. This tweet sums it up nicely: https://twitter.com/BlockchainJuice/status/994488475306033152 [link] [comments]  |
| Posted: 10 May 2018 06:20 AM PDT https://twitter.com/blockedgecap/status/994552892433600512 Bitcoin was never in a long-term bear market. Looking at a logarithmic scaling chart, it more accurately shows the trend. Prices are plotted so that the scale is not positioned equidistantly. Instead, the scale is plotted in such a way that two equal percent changes are mapped as the same vertical space or distance on the chart. This allows for a better visual of the moves that happened further back in time, as opposed to the linear chart where the most recent run up overshadows previous bull moves. [link] [comments]  |
| Posted: 10 May 2018 09:22 AM PDT Is it? Or do you know another market without verification ? [link] [comments]  |
| Help me calculating EMAs please Posted: 10 May 2018 12:20 AM PDT I am writing a bot that will use EMA crossovers as basis for buy/sell signals. The more I try to make it work, the less I understand EMA. I will divide my question into 2 parts. 1.) As I understand, it takes last X close prices on certain time frame. If that's true, why is EMA on TradingView changing with every new change in price? Is it treating every new price as a potential close price? 2.) I'm writing my code as such. Can you guys confirm I'm thinking it right? (I wrote pseudocode for 1 EMA, but it's the same for all EMAs that I'm trying to calculate. The code is for timeframe=1min.) With this code, I calculate EMA for most recent price, even though it's not a close price. I think this helps on fast breakouts. With just calculating EMA on close prices, my code would look like this: If it helps, I'm using API connector for Bitmex, my code is in Python. Hope you guys can help me understand if my thinking is right. Cheers. [link] [comments]  |
| Moon Math Update: Noob DCA Strategy -- Second Edition -- Vol. 2 Posted: 09 May 2018 11:01 AM PDT Moon Math UpdatePositive ReinforcementTake some time to review the first post in this series. We're a few days in since we started our DCA at around 9.6k. Price volatility is normal. That's why we're not going all in at once. Bitcoin's price can and may break down further from here. When Bitcoin's price drops you're just lowering your average cost to buy in. Lower prices today are good for you. We're not trying to get the best price, we're trying to avoid taking a position that is unsound by distributing our risk over a long period of time. That the price is lower today than it was a few days ago is inconsequential. Ignore the price and make your regularly scheduled buys. Four Hour ChartThe 4 hour chart is looking really good for bulls right now. That might not be soo good for you. https://www.tradingview.com/x/anXYeYBo/ Bulls have formed a new ascending channel that makes a strong case for breaking 10k this week. If bulls are able to turn this market around then your costs are going to go up. While it's nice to see your investment grow, we want to see you buy in at the lowest possible cost average. Bears FailLook again. https://www.tradingview.com/x/anXYeYBo/ A red line showing a broken bear trend could have broken local bull resistance down. Instead, they've moved bulls from a wedge formation to a channel that completely clears 10k by mid June. You can see that bear momentum is increasing, but they're failing to make new lows while also establishing bullish trend patterns. Bulls are reaching higher highs but their momentum looks weak. We went over this in the last post. Traders replaced by investorsWe're watching traders leave Bitcoin while smart investors move in. We can also see that it's more difficult to profit on both long and short positions. Longs aren't going as high because bull momentum is falling. Shorts aren't going as low because smart money is buying dips. Observed psychology behind dips in volatility, as I've described them, reinforces TA behind an ascending channel we see forming. https://www.tradingview.com/x/pPOnbzZ0/ Some bulls are calling for 10k to break this week, but the bull channel says that could happen any time in the next 1-6 weeks. The Elliot wave analysis in that image shows a possible outcome of that kind of sudden move up. Good hunting. [link] [comments]  |
| Posted: 10 May 2018 12:40 AM PDT Hi everyone, so after observing for a rather short period of a month or so ( after diversifying my portfolio of coins which some of you may know as shitcoins) I've come to the realisation that although my portfolio is only made up of 4 such coins, for some reason or another the gains from one coin are cancelled out from the losses of the other. I'm just curious how then does diversifying really help other than supposedly helping to 'lower risk' in a market where every coin mostly follows the king of coins in price movements anyway? I used to be making lucrative gains constantly by going 100% in a coin and moving to the Next, so I'm not very used to no/little profit or even small losses. Just curious to see as diversifying does seem to be a good move I Guess? [link] [comments]  |
| Posted: 09 May 2018 10:05 PM PDT Hey, anyone have experience margin trading on kraken? I've been at it and the last 5 trades have gone perfectly. However, this last one I had a perfect long limit sitting for about 10 min, the price hit but then it didn't go through. I move it up a bit and try again and same thing. I looked at the orders and it said insufficient margin... which is crazy cause it was only a $500 order... does this happen often? Its crazy to think that an exchange trading that much volume wouldn't have $500 in margin... or maybe the margin volume isn't counted? eh, anyways anyone have this happen to them? and if so how often? [link] [comments]  |
| Bitcoin Market - Summer 2018 Forecast and Strategy. Posted: 09 May 2018 10:39 AM PDT Hi traders, I mapped out my trading game-plan for the summer, this include both a bear and a bull scenario. Would love to know your plan and your opinion on mine, Cheers! Full post: https://steemit.com/cryptocurrency/@tradealert/bitcoin-market-forecast-and-strategy [link] [comments]  |
| Post Mortem of a losing trade. Results oriented thinking or a good decision? Posted: 09 May 2018 10:55 AM PDT Hello everyone. I wanted to see if I could get some feedback on this trade I made yesterday (which unfortunately was catalyzed by a mistake on my end). A little background (not sure if this is relevant or helpful or not but whatever), I have been trading on Bitmex for a couple weeks and in that time, prior to this trade I had made 24 trades with 17 winners and 7 losers. Most of my trades have been relatively short term plays without making really large gains or losses on any individual trade but I was up a little under 6.5% on my initial deposit. So onto the trade. The mistake that led to me entering the position was making a typo on a sell order in which I thought was exiting a position I had opened prior but which did not fully close it out. That trade itself wasn't a very good one but I had managed to close it out at a slight profit (well, if I hadn't made the typo issue). I had entry price that had blended down to 9240 via post entry additional purchases and I had meant to close out the position at 9245. A few hours later, when I saw the BRDs popping up, I realized that I still had 33% of my previous position still open. This 33% open position was close to my total account holdings. My descriptions are going to be in percentages because I don't really feel comfortable divulging how much is in my account on a public forum, hopefully it doesn't make it too difficult to follow. As the BRDs started appearing I was watching the GDAX and Bitstamp Orderbooks to attempt to gauge how things were going to play out. My thoughts when the BRDs started appearing was that there was a good chance that someone was trying to push past resistance levels/force leveraged long liquidations. My initial thoughts were that there was going to be some some support/potential for bouncebacks at the 9200 level and then much greater support for a bounceback at the 9000 level. I felt that there was a decent chance that the 9k level would be passed temporarily as a people stop/liquidation hunted. So onto the trades I made during this time period (All % numbers are % of total holdings at end of my purchases): My initial position was 38% of my total holdings at the end of the my purchases.
All said and done, I had a volume weighted entry value of 9161.60 and I then sold at 10:10 PM for 9059.5. I ended up selling after seeing the 9k level broken/bounced off a few times and I kind of had a feeling we were going to be on our way back down to the 8800 support level. I was also leveraged at this point and a large portion of my trading gains were already wiped away. It was also getting late for me and I generally don't like keeping positions open while I'm asleep because it seems like someone loves to make BRDs in the 5am to 7am hours so that also was a factor in what led me to close out my position. Additionally, I saw an orderbook on GDAX that had several large positions (100ish BTC per $10 bucket) that really made me feel like we were on our way to $8800. Anyway, I woke up this morning to see the markets trading in the mid 9200s and I started to feel regret for locking in a loss rather than letting it ride a bit and which would have been a decent size gain. Does anyone else who watched last night's actions have any feelings on my decision? [link] [comments]  |
| Posted: 09 May 2018 02:10 PM PDT chart if interest: https://twitter.com/Meta_Alpha/status/994323006112587777 [link] [comments]  |
| How We Grew Our Crypto Fund To $1,000,000 In 1 Month Flat Posted: 09 May 2018 11:13 AM PDT TL;DR: Shrimpy has grown to well over $1,000,000 in managed funds in less than a month. https://medium.com/swlh/how-we-grew-our-crypto-fund-to-1-000-000-in-1-month-flat-b6317cabf6bf Over the course of the last month, we have gone from managing less than $10,000 in funds, to breaking $1.7 million this morning. We are rapidly growing and this is all thanks to our users. Team We are a team of engineers from the San Francisco Bay Area. We originate from companies like Facebook, Amazon, NASA, and Samsung. Shrimpy Shrimpy is a free application which will help you better manage your portfolio. Allocate, manage, and rebalance a portfolio instantly. There is no easier way. Please let me know if you have any questions! [link] [comments]  |
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