[Daily Discussion] - Wednesday, June 02, 2021 Bitcoin Markets |
- [Daily Discussion] - Wednesday, June 02, 2021
- Noticed a pattern in the depth charts of CBpro... would love if someone could verify it or let me know I'm loco.
- Death Crosses are even scarier than they sound
- Should a newbie get into crypto trading now?
| [Daily Discussion] - Wednesday, June 02, 2021 Posted: 01 Jun 2021 09:00 PM PDT Thread topics include, but are not limited to:
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| Posted: 02 Jun 2021 06:17 AM PDT I need someone else to look into this so I am not getting confirmation bias. Like clockwork, when BTC gets to a healthy $37k in value, there is an immediate sell order for 2-4 million dollars. As some of you may have noticed, BTC has bounced around between $35k and $37k since Elon last spoke [where is that scheist anyway?]. I didn't confirm the sell order pattern until this morning. My gut instinct was that institutions are manipulating BTC and keeping it low.... for a reason I don't know. Then I think how this btc price is related to GME and the squeeze sagas. Basically, everything happens for a reason in the financial world. Would love to hear from others so I know I'm not tin-foil-hatting this depth chart. [link] [comments]  |
| Death Crosses are even scarier than they sound Posted: 01 Jun 2021 05:42 PM PDT So a death cross is when the 20 day moving average crosses the 200 day moving average. This historically marks the start of a bear market. Bitcoin has never fallen into a deathcross and recovered its ATH within a halvening cycle. We've already been rejected from the 200 day twice and the recovery rally has only formed a bear flag. I'm not writing off a bitcoin super cycle like in 2013, but this is still a long shot. BEST CASE SCENARIO is we chop sideways for months and months and months until we wear out the scalpers. But FFS if you have a leveraged long position, do us all a favor and close it. This is adding fuel to the fire. Because it could trigger a capitulation all the way back down to the 200 week moving average, if we're not careful. BTW I'm as bullish on the fundamentals as ever, I just respect the volatility to the downside as well as the upside. You can either prepare yourself to take advantage of it or let it take advantage of you. [link] [comments]  |
| Should a newbie get into crypto trading now? Posted: 02 Jun 2021 06:39 AM PDT Hi everybody! Immediately sorry for my English - I'm not a native speaker. All my friends make money on cryptocurrency, namely copy trading. For a long time I was looking for how I can start doing copy trading myself and found a useful article on Medium where they talk about different platforms for copy trading. all day long I was registering and checking the list of what was there. My choice settled on Etoro, but there were many questions about using this service and the support does not answer me and I was very disappointed. Then I went to Coinmatics.com, to the surprise of a person who does not understand anything about this, I was able to do it all myself and all that was left was to replenish my wallet. But there is little information about this platform, maybe someone used this platform? How much would you recommend to start with? [link] [comments]  |
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