[Daily Discussion] Wednesday, August 08, 2018 Bitcoin Markets |
- [Daily Discussion] Wednesday, August 08, 2018
- [Altcoin Discussion] Wednesday, August 08, 2018
- How is Kraken experience in past 6 months?
- ETF Decision Delayed until September 30th
- Moon Math Update: Noob DCA Strategy -- Second Edition -- Vol. 9
- Definitive ETF-calendar, please.
- [Daily Discussion] Tuesday, August 07, 2018
- Bitcoin (BTC) Price Analysis: Bears Just Won’t Give Up!
- [Altcoin Discussion] Tuesday, August 07, 2018
| [Daily Discussion] Wednesday, August 08, 2018 Posted: 07 Aug 2018 09:05 PM PDT Thread topics include, but are not limited to:
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| [Altcoin Discussion] Wednesday, August 08, 2018 Posted: 07 Aug 2018 09:06 PM PDT Thread topics include, but are not limited to:
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| How is Kraken experience in past 6 months? Posted: 08 Aug 2018 09:47 AM PDT Hey, Towards the end of 2017 and start of 2018 Kraken was disaster, order not filling up, not able to close existing orders, which meant in loosing money. Has it all been fixed and now kraken is good to go? Been using admirals market to trade with leverage, but they decreased it from 5x to 2x, and looking for good exchanges that has no issues. I love bitstamp but its just a regular exchange without leverage. thanks [link] [comments]  |
| ETF Decision Delayed until September 30th Posted: 07 Aug 2018 12:53 PM PDT https://www.sec.gov/rules/sro/cboebzx/2018/34-83792.pdf "Accordingly, the Commission, pursuant to Section 19(b)(2) of the Act,6 designates September 30, 2018, as the date by which the Commission shall either approve or disapprove, or institute proceedings to determine whether to disapprove, the proposed rule change (File No. SRCboeBZX-2018-040). " [link] [comments]  |
| Moon Math Update: Noob DCA Strategy -- Second Edition -- Vol. 9 Posted: 07 Aug 2018 01:38 PM PDT Performance reviewThe noob DCA strategy is ongoing. Continue making your regularly scheduled, affordable, and responsible purchases using disposable income that you can afford to lose. We have completed 95 days in the noob DCA and there are 146 days left for you to establish your first full position in Bitcoin. 37 out of 95 days in this DCA have closed below yesterday's closing price of 6,937.07. If you bought the closing price every day since the start of this DCA your USD cost average per BTC would be 7,371.34. Increasing contributions to your DCAI'm going to discuss some non-standard options you can consider if you're committed to a DCA in this market and/or want to marginally improve your performance. Today is a good day to consider temporarily increasing how much BTC you regularly buy. If you choose to increase how much you're buying you should expect that to last about 7 weeks. If the price goes above your cost average then you should only buy a regular amount. The DCA is in the red, so, if you were planning to jump in on this thing, you could jump in today and beat out everyone who has been trying to DCA in since the beginning of May. However, anyone buying BTC over the last three months probably has a considerable sum built up... I'm not confident that a big purchase will beat out a DCA from here, especially considering that the market just made a large move that approached a local low. There's nothing to prove that the bottom is in. However, I'll be very surprised if the price breaks down to new lows before the end of the year. That said, you should acknowledge that there's real risk that devastating new lows will be observed before the end of the year. Price StabilityMy internal narrative has become focused on the bubble cycle and subsequent periods of stability that have always been observed after extended bear markets. In the first week of June I observed that we were likely starting a period of extended stability that could last from seven to fifteen weeks. We seem to be well within that period, and now a little over nine weeks in, I think there's reason to expect as many as seven more weeks of price stability. The number of comparable periods of stability has dropped from seven to four. Most notably, the 2014 crash cycle is no longer has a comparable period of stability. Most notably, the period of stability the precipitated the second crash was also an extended period of bearish performance instead of sideways performance. However, we have a 25% chance of going sideways for one more extended period of stability. 75% of observed periods have gone into bull markets that resulted in exceptionally large bubbles within the following ten months. All four projections show that the price will approach the ATH within a year. Trading View Stability UpdateI've been updating a narrative I have about the market for the last six months or so. If you're up for a sort of choose-your-own-adventure you can see that narrative develop as the bear market wore us down this year.
See the rest of this update on Trading View Currentlyhttps://www.tradingview.com/chart/BTCUSD/3Wl7ff9m-Projecting-From-Stability-Continued/ Bitcoin is 3 weeks into a period of extended price stability that encapsulates the last 25% of the bear market. Sentiment remains low and neutral. However, recovery will be apparent over the next 7 - 20 weeks. New platforms and markets will be announced or come online but positive news will not seem substantially change prices. A gradual parabolic breakout from stability is likely after the next 7 weeks. Significant price discovery has been established in this range and the bottom of a new channel has been established, but could be tested. Continued growth is observed in institutional markets and new international markets. Major financial tools for institutions have been announced. Crackdowns on ICOs and altcoin speculation have kiboshed unchecked growth in alt markets, which continue to decline. BTC's market domination is confirmed and will push over 50% of the total Crypto market cap soon. Large leveraged positions against the altcoin markets still aren't available to most traders who operate in compliance with local laws, but they will be made available over the next 1 - 2 years. Medium-term consolidation endsResistance to growth remained through June, July, and August. Bearish and moderate performance was accompanied by price stability that is still increasing. Heavy resistance remains before bullish sentiment can return. Sideways and comparatively moderate performance is likely through August and possibly through September. New ATH sometime between November 2018 and June 2019Heavy resistance is broken—drawn from the 2014 ATH and the December 2018 ATH—and moderate sentiment keeps bitcoin in a consolidation phase under the previous ATH for months. A new wave of adoption from new markets increases BTC volume to previously unimaginable levels. Full capitulation from alt market speculation exposes frivolous and or fraudulent Crypto assets and securities. Government crackdowns and arrests begin to pile up in alt market ICOs. Public outcry against abuse and fraud triggers international concern. Capital escapes from small alts to the top 5 - 10. There are less than 20 Cryptos with a market cap over 500 million USD. Speculation about the halving and institutional adoption lay the groundwork for a new round of irrational exuberance. The red ascending wedge drawn from the 2013 ATH is difficult to breakWe bounce off an ascending wedge and establish a new ATH between December 2018 and January 2020. The bottom of the channel is not retested. Capital flight into BTC from alts eventually pushes bitcoin through the ascending wedge from 2013, which altcoin markets will likely never push through. Bitcoin's adoption rate rapidly grows. It's fueled by speculation; institutional adoption will try but cannot dominate BTC ownership. Speculation attracts a new wave of users who are disenchanted with traditional investments. Bitcoin's young male demographic starts to diversify and enter new markets internationally. Lightning wallets become the standard BTC UX. LocalBitcoin processes 15 to 30 million USD in transactions daily. Press praises BTC as a tool ready for "Main Street." A practical use case for lightning in retail businesses is implemented in some markets. Bounce off the new long-term channel in early 2020Speculative fever ignites and BTC markets observe substantial resistance for the first time since Dec 2017. The new ATH is somewhere between 100k and 220k USD/BTC and the correction triggers a new BTC obituaries. Hitting the top of the channel signals a medium-term bear market and moves prices into a comparatively moderate range, under 100K USD/BTC. Bouncing off the top of the channel completes before speculation about the halving takes hold of sentiment in early 2020. 1m USD price targets are commonly issued from established financial institutions by the end of 2020. Good hunting. Previous posts in this series
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| Definitive ETF-calendar, please. Posted: 07 Aug 2018 12:29 AM PDT There has been so much confusion about decision dates for the various ETF filings out there. I still see people on other subs posting about August 10th like it's a thing, although this one has been definitely debunked. (Personally I blame some coinshill magazines which a) have the reach, but b) not put in enough work, shat out half-baked click-bait articles (like they love to) and thereby misinformed a bunch of people). Recently someone posted a definitive calender on bitcoinmarkets, but I can't seem to find it anywhere. I'd be delighted if it could be reposted here and maybe stickied on the front page too. I assume everybody wants to know, seeing how Winklevii rejection smacked the market recently. [link] [comments]  |
| [Daily Discussion] Tuesday, August 07, 2018 Posted: 06 Aug 2018 09:05 PM PDT Thread topics include, but are not limited to:
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| Bitcoin (BTC) Price Analysis: Bears Just Won’t Give Up! Posted: 07 Aug 2018 02:10 AM PDT Bitcoin has formed lower highs and lower lows to trade inside a descending channel on its 1-hour time frame. Price bounced off the resistance and looks ready to resume the slide to the downside targets marked by the Fib extension tool. read more [link] [comments]  |
| [Altcoin Discussion] Tuesday, August 07, 2018 Posted: 06 Aug 2018 09:06 PM PDT Thread topics include, but are not limited to:
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