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    [Daily Discussion] Saturday, April 06, 2019 Bitcoin Markets

    April 06, 2019

    [Daily Discussion] Saturday, April 06, 2019 Bitcoin Markets

    [Daily Discussion] Saturday, April 06, 2019

    Posted: 05 Apr 2019 09:05 PM PDT

    Thread topics include, but are not limited to:

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    • Technical analysis, trading ideas & strategies
    • Quick questions that do not warrant a separate post

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    [Altcoin Discussion] Saturday, April 06, 2019

    Posted: 05 Apr 2019 09:05 PM PDT

    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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    Now you can test your trading strategies on simulated exchange and claim rewards using your fake dollar profits.

    Posted: 06 Apr 2019 10:10 AM PDT

    Since the bull run starts we going to have a lot of new traders coming in to the crypto madness. I just want to put it out there that there is fairly decent simulated cryptocurrency exchange that has 90% of functionality that real exchanges have.

    ​

    One of use cases for such tool is to test more aggressive strategies that you normally wouldn't do with real money or simply have fun if you have your long term positions setup and have itchy fingers to do some trading.

    ​

    The best part is that you can exchange your play dollar profits into real rewards provided by the sponsors on the platform.

    ​

    Rewards page: https://niffler.co/app/rewards

    ​

    Happy bull run everyone.

    ​

    submitted by /u/mikespoo
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    2019 Cryptocurrency (Elliott Wave): Bull Market…?

    Posted: 04 Apr 2019 11:14 PM PDT

    2019 Cryptocurrency (Elliott Wave): Bull Market…?

    https://bitcointalk.org/index.php?topic=5128394.msg50467456#msg50467456

    The 2018 cryptocurrency crash saw Bitcoin decline 85% in value, elapsing the course of 363 days —just two days shy of a complete year. The all-time high occurred on 17-DEC-2017, and a notable low occurred on 15-DEC-2018.

    The bear market of 2018 unfolded in three stages:

    • i. A three wave A-B-C decline, from 17-DEC-2017 high to 06-FEB-2018 low, declining 70%
    • ii. A five wave A-B-C-D-E sideways rangebound triangle, from 06-FEB-2018 to 24-JUL-2018
    • iii. A five wave impulsive 1-2-3-4-5 decline, from 24-JUL-2018 high to 15-DEC-2018 (06-FEB-2019 orthodox) low, declining 63%

    Overall, these three stages form a complex A-B-C composite structure, as the following chart illustrates:

    As each stage of the 2018 bear market unfolded, bounces became diminishing in size. The following lists notable price advances that occurred whilst price action was rangebound in a sideways triangle during the second stage:

    —06-FEB to 20-FEB, a 99% advance.

    —01-APR to 05-MAY, a 55% advance.

    —29-JUN to 24-JUL, a 47% advance.

    Subsequent bounces during the third stage of the bear market, from 24-JUL-2018 to 15-DEC-2018, have been less than 27% in size.

    From the 15-DEC-2018 low, Bitcoin has thus far rebounded 70% —the second largest advance since the 2017 all-time high. In addition, although not conclusive yet, price action appears to be advancing in impulsive waves. Hence, there is a preliminary cautious opportunity to suggest a new cryptocurrency bull market may be underway.

    From an Elliott Wave perspective, a new bull may likely suggest the following two abstract scenarios, 'simple' and 'complex':

    New all-time highs would suggest a simple scenario, where five Primary degree waves complete beyond the 17-DEC-2017 high; i.e. Primary-1 completed at the 2013 high, Primary-2 completed at the 2015 low, Primary-3 completed at the 2017 high, Primary-4 completed at the 2018 low, Primary-5 currently underway.

    A failure of the bull market to create new all-time highs would suggest a complex scenario. Such a scenario would propose a cyclical (i.e. short-term) bull market, in an overall ongoing deflationary secular (i.e. long-term) bear market. The 2018 low would be labelled as Primary-W, the current potential 2019 bull market as Primary-X, followed by the resumption of the secular bear market labelled as Primary-Y to break below the 2018 low. Complex composite wave structures are often behaviours of commodity and currency markets.

    At present, the simple scenario has been adopted until further development of wave structure.

    BITSTAMP Support Zones: 4306, 3322, 2713, 2221

    BITSTAMP Resistance Zones: 5198, 5898, 6390, 6882/7026, 7491

    submitted by /u/12345abcde00001
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