[Daily Discussion] Tuesday, July 31, 2018 Bitcoin Markets |
- [Daily Discussion] Tuesday, July 31, 2018
- [Altcoin Discussion] Tuesday, July 31, 2018
- Website to view the regulations around Bitcoin!
- Heatmaps based on short term price/volume evolution
- Bithumb to Suspend Real-Name Verification of Crypto Account
- Do people manipulate USDT price?
- Bitcoin - A Bullish Pennant & The Supports Getting Bought. July 31, 2018
- We’ve built a proper cryptocurrency exchange comparator – all feedback welcome!
- Technical Analysis for CryptoMarkets
[Daily Discussion] Tuesday, July 31, 2018 Posted: 30 Jul 2018 09:06 PM PDT Thread topics include, but are not limited to:
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[Altcoin Discussion] Tuesday, July 31, 2018 Posted: 30 Jul 2018 09:06 PM PDT Thread topics include, but are not limited to:
Thread guidelines:
If you're not sure what kind of discussion belongs in this thread, here are some example posts. News, TA, and sentiment analysis are great, too. Other ways to interact:
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Website to view the regulations around Bitcoin! Posted: 31 Jul 2018 05:50 AM PDT Over the last few months we have been working on a website that allows you to view the regulations around Bitcoin for each individual country/state in the world. We are still working on getting every country into the site but we currently have nearly 50 countries/states! Check out the site here! All feedback is welcomed and encouraged! :) [link] [comments] |
Heatmaps based on short term price/volume evolution Posted: 31 Jul 2018 08:38 AM PDT TLDR
Receiving evolution data is as simple as opening a web socket connection to ws://127.0.0.1:8003 Examples
Source Repository is available at here Demo is available here (although demo only monitors NEO/GAS coins, service can be used to monitor any pair supported by Binance, Bittrex, Kucoin, OKex or Poloniex) [link] [comments] |
Bithumb to Suspend Real-Name Verification of Crypto Account Posted: 31 Jul 2018 01:59 AM PDT According to Money Today, the South Korean cryptocurrency exchange Bithumb will suspend the real-name verification of cryptocurrency account, and the new account issue will be suspended on August 1st. In the worst case, the service won't be restored until September. According to the insider who is familiar with the matter, NH Bank and Bithumb have not renewed their contract to issue a real-name verification service. Meanwhile, Upbeat re-signed with Industrial Bank of Korea (IBK), while Coinone and Korbit have completed their re-signings with Nonghyup Bank and Shinhan Bank respectively. Among the four cryptocurrency exchanges, Bithumb is not the only one to renew the contract. [link] [comments] |
Do people manipulate USDT price? Posted: 31 Jul 2018 01:08 AM PDT I was considering what happens if someone launched a USDT token whereby you have to deposit X usd at a central entity to obtain X USDT tokens. At any time, anyone with a USDT token can cash in that token for $1 in their bank account. Will the price of USDT be manipulated on exchanges somehow knowing that they are only worth $1 by company Y. One thought was people may be willing to but usdt at a slight premium if say ₿ dropped since a 1% premium is fine if ₿ dropped 5%. But that offers and arbitrage opportunity for people to simply buy more usdt directly to sell on the exchange. Ie if speed was nearly instant that arbitrage would correct the market quickly... am I miss understanding how the market would be stable? Is there some other price dynamic possibility that requires company Y to operate a float on exchanges to stabilise the price? [link] [comments] |
Bitcoin - A Bullish Pennant & The Supports Getting Bought. July 31, 2018 Posted: 31 Jul 2018 12:58 AM PDT Ahoy traders! Bitcoin -0.51% is forming Pennant Chart Pattern on the daily timeframe . It is known bullish continuation pattern and activates after the breakout. What is common thing to see in this pattern? Volume diminishes when the price moves closer to the peak. The breakout is confirmed once it takes down MA200 and $8.400 resistance level . Volume is crucial part of the breakout and it should start expanding along with the breakout to give reliance 2.11% to it. What's interesting here is that last night Bitcoin -0.51% dropped below of $8.000, retested support zone ($7958 - $7.665) and bottom level of the pattern but the dip was quickly bought which signifies that demand is high in this area. What's the strategy in here? The strategy is pretty much the same with all chart patterns and the strategy is dependable on your risk management which one you choose to use. You can buy the breakout itself (which is often more riskier) or retest of breakout. So when the Pennant Chart Pattern is unleashed and starts showing signals that supports upward movement such as volume starts expanding, then these two strategies can be utilized. The measured target price for this pattern is around $9.591 but I'd keep eye on 8927 level as well. Break below of the uptrend support invalidates this pattern. In my past reports I have wrote several times about the importance of the unleashed bullish momentum on the larger scale and the importance of it. Why does it matter? It matters because the price is more likely to hold support levels (dips are getting bought) and break through of resistance levels easier. Conclusion On the daily timeframe it's important that the price manages to break through of MA200 because that's what most of the people are monitoring and the breakout is likely to bring more confidence to the investors / traders. Oscillators are resetting on the 4h timeframe and this could give enough space to the price to push higher. It's good to acknowledge the risk involved with this trade as when the price climbs higher and not seeing any major retraces it's going to add more risk in to your trades. Please, if any question comes to your mind don't hesitate to ask! I try my best to respond ASAP! If you need help with trading, finding information or courses let me know and I'd be more than happy to help you! Feel free to DM -0.33% me in here or in my Twitter! Things to Remember: Stop-loss orders are strongly recommended. Beware of buying tops or FOMOS, you might end up losing or waiting long periods of time before getting anything back. Do your homework before investing. DISCLAIMER: Please be aware this is not financial advice. You are responsible for your trading and investing decisions. It is highly recommended to do your own research before investing in anything. Yarr [link] [comments] |
We’ve built a proper cryptocurrency exchange comparator – all feedback welcome! Posted: 30 Jul 2018 11:23 AM PDT So pretty much every day someone asks one of the following questions on a cryptocurrency related subreddit:
So as a response to this, a mate and I built https://exchangify.io. It's an exchange comparator that allows people to easily filter on certain aspects of an exchange, while also providing near-real time cryptocurrencies rates (think less than a minute for 95% of all exchanges). We know there's already a bunch of sites comparing cryptocurrency exchanges (CryptoCompare, Coingecko etc.) but neither of them really allows people to easily filter on a certain aspects (let alone combined), say for example "Margin Trading" or "Exchanges that support VISA as a United States Citizen." We built Exchangify with the intent of allowing people to do just that. All feedback is welcome, this isn't a professional project, so expect bugs and other inconsistencies. You'd do us a tremendous favour if you can point them out though. Here are some of the updates we're planning to do in the foreseeable future: - Add filter for decentralized exchanges - Add filter to show exchanges with a negative market maker fee Any other suggestions would be extremely helpful! [link] [comments] |
Technical Analysis for CryptoMarkets Posted: 30 Jul 2018 11:17 AM PDT I'm buying stuff with cryptos and using bitcoin since 2012 but some time ago, I started to have more interest in the market in order to make trading. But I'm a total noob in that matter. As a noob concerning topics such as trading or swing trading among others, I would like to start understanding about the market. In the technical analysis of everyday (I guess the term is daytrading), what are the technical analysis approaches that will help me to understand the crypto market? I know now the Dow Jones for example. People are telling me that Forex and crpyto are similar. I think not. But since I don't know, maybe I'm wrong. [link] [comments] |
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