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    [Daily Discussion] Friday, December 21, 2018 Bitcoin Markets

    December 21, 2018

    [Daily Discussion] Friday, December 21, 2018 Bitcoin Markets

    [Daily Discussion] Friday, December 21, 2018

    Posted: 20 Dec 2018 08:05 PM PST

    Thread topics include, but are not limited to:

    • General discussion related to the day's events
    • Technical analysis, trading ideas & strategies
    • Quick questions that do not warrant a separate post

    Thread guidelines:

    • Be excellent to each other.
    • Do not make posts outside of the daily thread for the topics mentioned above.

    Other ways to interact:

    submitted by /u/AutoModerator
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    [Altcoin Discussion] Friday, December 21, 2018

    Posted: 20 Dec 2018 08:05 PM PST

    Thread topics include, but are not limited to:

    • Discussion related to recent events
    • Technical analysis, trading ideas & strategies
    • General questions about altcoins

    Thread guidelines:

    • Be excellent to each other.
    • All regular rules for this subreddit apply, except for number 2. This, and only this, thread is exempt from the requirement that all discussion must relate to bitcoin trading.
    • This is for high quality discussion of altcoins. All shilling or obvious pumping/dumping behavior will result in an immediate one day ban. This is your only warning.
    • No discussion about specific ICOs. Established coins only.

    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:

    submitted by /u/AutoModerator
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    $3518 Anticipated during Holidays - Short/Long Analysis

    Posted: 21 Dec 2018 10:17 AM PST

    Nouvive in conjunction with Nouvive Intelligence has done an indepth analysis of Short/Long and accumulation periods of Bitcoin to find that BTC over the next several days will revisit $3518 before deciding what to do next. 

    Chart available here

    The chart above illustrates the following

    • Following the pump from $3300 to $4100, we saw Longs exchausted and eagerly taking profit in anticipation of a dump.
    • Shorts hit a double top that was last seen in September - a key area of where shorts exhaust themselves.
    • Shorts dipped seeing a key area of resistance in both October and November, this is where shorts currently lie at the moment at 36521 to 26958 longs.
    • A re-test of the support area saw Shorts dip back up, especially on the 3D Chart where $4299 is the resistance for the 15MA - a key indicator for resistance seen over the past several months.
    • Accumulation following the resistance levels with BTC being denied saw accumulation on the OBV Dip.
    • Despite all of this MACD is indication that for the first time since June, we are seeing a growth for Bitcoin.
    • This matched with RSI Stochastic illustrates there is still some ay to go for BTC, potentially to test $4678.

    Nouvive Says: It is more than likely that we will see a 12.95% increase over the christmas period as traders and institutions step away from the table and algorithms step in to take over and continue the selling pressure. A re-test of the key support area for shorts illustrate that they are slowly building up 6% day on day over the past 3 days. The inability for BTC to past the 15MA is worrying for a short-term outlook.

    submitted by /u/FintechDaddy
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    Beginner advice on learning how to trade?

    Posted: 20 Dec 2018 05:02 PM PST

    I would like some advice on books and videos on technical/graphical analysis and/or arbitrage.

    Is it too crazy to think about 10% monthly profits starting off as someone who has little experience with trading? I work during most of the day, so it is also harder to keep watching the markets.

    I have read "Trading for a Living" before, but I was looking for something more practical.

    Advice on techniques to focus on in order to setup trading bots like CryptoHopper or Apex Trader is very welcome as well!

    submitted by /u/marcelo10fr1
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