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    [Daily Discussion] Friday, March 01, 2019 Bitcoin Markets

    March 01, 2019

    [Daily Discussion] Friday, March 01, 2019 Bitcoin Markets

    [Daily Discussion] Friday, March 01, 2019

    Posted: 28 Feb 2019 08:06 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

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    [Altcoin Discussion] Friday, March 01, 2019

    Posted: 28 Feb 2019 08:06 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.

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    Bitcoin - Bullish Reversal Coming Next? Inverse Head & Shoulders Forming Up. Published 1 March 2019

    Posted: 01 Mar 2019 03:20 AM PST

    https://www.tradingview.com/chart/BTCUSD/2YIbEvfX-Bitcoin-Bullish-Reversal-Coming-Next-IH-S-forming-up/

    Ahoy everyone!

    Yesterday the market dropped back to the major support and resistance level where it managed to bounce off fiercely. Also 0.618 fibonacci level was located in this area.

    I just want to say that I have the best followers and I have received such a great feed back from you guys. Thank you for that!

    Anyways, the market is showing a huge potential inverse head & shoulders pattern. As long as it manages to hold major s/r level this pattern is valid.

    I have reminded my followers quite often how important volume expansion is in this pattern. I want to highlight two important things that should be monitored and gives more validity for this pattern's formation:

    1) When the price reaches bottom of the head and it starts raising, this where we should see volume expanding (in this scenario you can see it has done so).
    2) This maybe the most important part of this pattern. When right shoulder starts forming we should see increased volume towards the neckline/resistance area.

    These are two major things to follow and pay attention to when market is forming inverse head & shoulders pattern.

    Last time when Bitcoin started to form inverse head & shoulders pattern I wrote about how it's going to fail because back then the right shoulder was missing the volume expansion which key element to watch for.

    Trade safely and if you have any questions feel free to ask them down below!

    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

    submitted by /u/YarrPiratez
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    How do people trade crypto here?

    Posted: 28 Feb 2019 03:33 PM PST

    I see a lot of people here posting comments about going long or short. I myself don't trade but I am curious about how people do it, particularly those that keep flipping from long to short and back all the time.

    1. What exchange do you use that allows you to go short? I think only Bitmex and Poloniex allow shorting, right?

    2. If Bitmex, I hear it doesn't allow US customers. If you are from the US and use Bitmex, do you use a VPN or Tor? Aren't you afraid your account would be frozen if found out.

    3. How often do you use leverage and how much?

    4. If you trade frequently, I imagine at the end of the year you have an insane number of transactions. What do you use to calculate your capital gains or losses for tax reporting?

    submitted by /u/fairandsquare
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