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    Saturday, January 23, 2021

    [Daily Discussion] - Saturday, January 23, 2021 Bitcoin Markets

    [Daily Discussion] - Saturday, January 23, 2021 Bitcoin Markets


    [Daily Discussion] - Saturday, January 23, 2021

    Posted: 22 Jan 2021 09:00 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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    submitted by /u/AutoModerator
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    Need help to Reverse Engineering Bogdanoff's highly profitable strategy.

    Posted: 23 Jan 2021 10:21 AM PST

    I wanted to find a non-LARPing trader who was highly profitable trading crypto. Most traders who were posting after closing a trade were only posting their successful trades. To filter them out, I started looking for traders who post setup, stops, entries and closes in realtime and found very little. Looks like those who know how to trade don't bother sharing. I've searched a fair bit (and still do) and occasionally find someone who trades traditional markets. Finally when searching for "realtime trades" on twitter led me to Bogdanoff's twitter that calls trades in realtime and seems to have a highly profitable strategy that I've tried to reverse engineer. (I've posted about this account earlier.)

    Essentially, it seems to boil down to this:

    1. Wait for a trendline to break
    2. If the trend reverses, enter in the new direction
    3. Set stops to recent minor swing point.
    4. Exit at decent profit

    Actually I have no idea on how step 4 works. From his trades, it looks like he exits right before a major or minor change in direction but sometimes he just exits when price has moved a certain multiple of risk.

    Strategy seems simple enough for a new trader to follow except for exit. Any price action experts who can shed light on this?

    submitted by /u/no_face
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    How safe is Mushino?

    Posted: 22 Jan 2021 02:58 PM PST

    No overnight fees. Thinking of leaving coins on there for a while since my liq is unlikely to be touched. Does anyone know how likely it is they could get hacked or lose my coins? They seem like a pretty small operation. I feel OK on binance or bitby but not sure about this place. Curious to hear other people's thoughts. Thanks

    submitted by /u/Jfsakghaq
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    What would be the best approach to transfer crypto between exchanges?

    Posted: 22 Jan 2021 01:38 PM PST

    I want to buy some alts that are available on binance. My 2 possible paths are:

    1. Move my BTC from current exchange to binance and trade BTC for altcoin
    2. Trade BTC for some coin with less transfer taxes and then move it to binance and, finally, trading to the altcoin which is available there

    My question is: Is there usually a difference in these two paths regarding fees?

    If i send a currency with way less transfer fees to binance but taking that path of paying trading fees between currencies in both exchanges will it be worth it?

    Thank you!

    submitted by /u/djhero95
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    Looking for good chart comparison apps or websites

    Posted: 22 Jan 2021 01:58 PM PST

    I'm looking for some type of format where I can see graphs of different crypto next to bitcoin and see what is up and what is down in comparison, to see where there is an edge for trading. Does anyone know of any good resources? Or any advice for how to tell when to buy which cryptos based on charts

    submitted by /u/FruitFlavor12
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    Looking for good chart comparison apps or websites

    Posted: 22 Jan 2021 01:57 PM PST

    I'm looking for some type of format where I can see graphs of different crypto next to bitcoin and see what is up and what is down in comparison, to see where there is an edge for trading. Does anyone know of any good resources? Or any advice for how to tell when to buy which cryptos based on charts

    submitted by /u/FruitFlavor12
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