[Daily Discussion] Tuesday, October 09, 2018 Bitcoin Markets |
- [Daily Discussion] Tuesday, October 09, 2018
- [Altcoin Discussion] Tuesday, October 09, 2018
- Moon Math Update: Noob DCA Strategy -- Second Edition -- Vol. 10
- $1.5 Trillion in "buy support" for bitcoin - how is that possible?
| [Daily Discussion] Tuesday, October 09, 2018 Posted: 08 Oct 2018 09:05 PM PDT Thread topics include, but are not limited to:
Thread guidelines:
Other ways to interact:
[link] [comments]  |
| [Altcoin Discussion] Tuesday, October 09, 2018 Posted: 08 Oct 2018 09:05 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:
[link] [comments]  |
| Moon Math Update: Noob DCA Strategy -- Second Edition -- Vol. 10 Posted: 08 Oct 2018 03:00 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 157 days in the noob DCA and there are 85 days left for you to establish your first full position in Bitcoin. 70 out of 157 days in this DCA have closed below the current price of 6635.15. If you bought the closing price every day since the start of this DCA your USD cost average per BTC would be $7,051.61. If you increased your buy amount as suggested then your cost average per BTC would be ~ $6912.88 and your total bitcoin would be about about 30% greater. On stability (again!?!?!?)Weekly stability hasn't changed as much as I thought it would. https://www.tradingview.com/x/fLa33UVE/ Compare that to last week's chart: https://www.tradingview.com/x/JufmqYEC/ The chart we observed two weeks ago shook out more comparable periods: https://www.tradingview.com/x/4yjEk30p/ Daily stability has increased substantially: https://www.tradingview.com/x/AFrlpsSr/ Compare to one from last week: https://www.tradingview.com/x/5xt9WE8t/ We've gone form a range of 0 to 36 days down to a range of 0 to 29 days in just a few days of stable price action. Comparable periods have dropped from 12 to 9. So, the shakeout in comparable periods of stability is happening on the daily chart now, too. Why does stability matter to Moon Math?We can see that comparable periods of weekly stability show up on predictable way: https://www.tradingview.com/x/gNEuR2wk/ When BBands indicate that thw price is stable for this long the market consistently observes that a bottom of the long-term trend. Historically, we can see that these stable periods are the best time to investment in Bitcoin long-term AND short-term. What happens when we project from stability?https://www.tradingview.com/x/T2RQYzxa/ I've made these charts before, the difference this time is that I'm projecting from stability instead of an assumed market bottom. I think we can expect the market to continue a slow rise through the rest of the year. Also, I don't expect a new ATH before June 2019. It's possible that institutional money from Bakkt or and ETF could push that date up, but I'm not counting on the impact being large enough to move the market too far in any direction over the next 10 months. Why have you been going on about altcoins?Altcoins play an important role in the market. IMO, the value of bitcoin is impacted through rehypothefication that's caused by altcoins that are used to establish leveraged positions against bitcoin. So, you see strangeness like bizarrely large order books on the buy side for Bitcoin. Those buys are leveraged positions that have not been realized. I'm speculating that most of those leveraged positions are financed through low market cap altcoins. When they are tested they will evaporate. The fact that nobody is talking about this, and that I get downvoted when I bring it up, indicates to me that there's a blind spot. It's possible that I'm raving mad, and that the top 10 exchanges are just inflating the buy orders on their books, but I think they have more to lose by doing that. IMO, the big play is to short the ever-living-shit out of small market cap alts. I couldn't tell you when the market will become rational again, though. Maybe in the next 30 days? Maybe when Bakkt enters the market? Who knows. Maybe there's real value wrapped up in small market cap alts that I'm just not seeing. Good hunting. Chart links:
Previous posts in this series
[link] [comments]  |
| $1.5 Trillion in "buy support" for bitcoin - how is that possible? Posted: 08 Oct 2018 10:47 AM PDT While I agree that "market cap" is a bad metric, and the bid sum is probably a better one, I have a hard time believing the figure the site below has arrived at. They seem to be saying that there is 1.5 TRILLION dollars worth of bids to buy bitcoin, across the various exchanges and order books. Presumably that should mean that $1.5T worth of dollars/euros/yen/eth/ltc/etcetera, has been committed to buying bitcoin. Meaning, as long as that order is open, that money can't be spent on anything else. Could that figure possibly be correct? edit: 15T -> 1.5T edit2: The creators of the site are looking into these figures and told me they'd publish what they find out here in this thread. [link] [comments]  |
| You are subscribed to email updates from Sharing of ideas, tips, and strategies for increasing your Bitcoin trading profits. To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
| Google, 1600 Amphitheatre Parkway, Mountain View, CA 94043, United States | |
No comments:
Post a Comment