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    [Daily Discussion] - Tuesday, April 27, 2021 Bitcoin Markets

    April 27, 2021

    [Daily Discussion] - Tuesday, April 27, 2021 Bitcoin Markets

    [Daily Discussion] - Tuesday, April 27, 2021

    Posted: 26 Apr 2021 09:00 PM PDT

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    submitted by /u/AutoModerator
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    I have released a more powerful version of my crypto algorithm that places trades based on daily news sentiment, and it's all open source

    Posted: 26 Apr 2021 04:03 PM PDT

    I have recently shared my latest project with you guys - a trading algorithm connected to Binance that buys cryptocurrencies based on how positive the daily news sentiment is for the top 100 crypto news feeds.

    With the help of some talented Redditors and GitHub contributors, the algorithm is now more powerful than before, allowing you to further configure how you would like it to trade.

    Many of the improvements made, were actually suggested by you in the previous post, so thanks to you all, there is now a better news algo that we can all use!

    The algorithm analyses the news sentiment from biggest crypto news sites, and automatically decides what coins to buy or sell based on how many times a coin is mentioned across all headlines, and how positively or negatively it's depicted in the news headlines.

    I've been working on this project for about a month now, and I can say that the bot is now in a state where it can be used and it's stable! I haven't yet tested it on the mainnet but I will put together some reports on its performance on the testnet and will post on here.

    Here is the link to the open-sourced project:

    https://github.com/CyberPunkMetalHead/Binance-News-Sentiment-Bot

    And here is a step-by-step guide if you would like to set the bot up yourself but you need some more guidance on how to do so:

    https://www.cryptomaton.org/2021/04/17/how-to-code-a-binance-crypto-trading-bot-that-trades-based-on-daily-news-sentiment/

    This is a guide on how to set up the base version, not including the latest updates, for a guide on how to add additional featured to the bot please see:

    https://www.cryptomaton.org/2021/04/24/improving-binance-news-trading-algorithm/

    If you do follow either guides, I suggest working off of the code posted on GitHub as that contains the updated latest version of the algo.

    Happy coding!

    submitted by /u/CyberPunkMetalHead
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    Best way to swap my coins from Bitstamp to Binance

    Posted: 26 Apr 2021 07:43 PM PDT

    So i want to make the switch bc of the lower trading fees on Binance (only 0.1%)
    All the coins will have different fees for the withdrawal right? So i guess its best to trade them into the coin with the cheapest exchange fees before i do the switch.
    Can someone tell me what coin would be best suited for this?

    submitted by /u/Benjo419
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    Thoughts on all-in on GBTC or diversifying IRA?

    Posted: 26 Apr 2021 01:20 PM PDT

    Hey everyone. I'm looking to get bitcoin exposure through my Roth IRA. I was thinking about either getting all GBTC, or perhaps reducing the risk by including some stocks such as RIOT, MSTR, MARA, etc. Would the value of these crash if an ETF was approved in the US? With GBTC currently trading at a 10% discount, it seems like an attractive option; but the fee structure puts me off a bit. However, if GBTC converts to an ETF that would be very convenient for me to hold long-term. Interested to hear what you guys think, thank you.

    submitted by /u/Henry1322
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    BTC/USD - Correction over or more to come? Find out here! ��

    Posted: 26 Apr 2021 10:57 AM PDT

    Chart: https://www.tradingview.com/chart/BTCUSD/Te3gzxw2-BTC-USD-Correction-over-or-more-to-come-Find-out-here/

    Chart 2: https://twitter.com/DU09BTC/status/1386740774553882629

    Bitcoin has painted a MASSIVE bullish candle on daily... over 10% pump in a day... that is over $5k pump! Impressive. We have not had such a candle since February!

    Is the correction then over? Not so fast. There are two scenarios possible and you can also check my latest video on YouTube that covers the same topic (see my profile)

    Scenario 1: BTC correction is over and we pump higher to make a new All Time High ( ATH ). For that to happen we need to crush one important resistance at $58k. If we get rejected there and pushed back down, then scenario 2 is activated.

    Scenario 2: BTC is rejected at $58k and we will do a new low in a nice ABC pattern. This can be anywhere between $45k and $41k. We have strong support at $41k and I would be surprised for us to drop that far since buyers, especially institutional investors, will not hesitate to buy BTC at a +30% discount.

    Which way we go? If we are to look at the indicators and this massive bull candle, one would lean towards scenario 1. Today was a very strong push. Questions is if we can maintain it. Likely we will find out before the end of the week.

    Also this pump was predicted by the RSI + MACD bullish divergence on 4h (higher low on RSI while price did a lower low). Therefore this pump or relief was expected, apart from that nasty wick yesterday that trapped many bulls or bears? :P

    Anyway, the stage is set, now BTC has to play on it. What is your expectation?

    submitted by /u/DU09
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