[Daily Discussion] - Friday, July 16, 2021 Bitcoin Markets |
- [Daily Discussion] - Friday, July 16, 2021
- I found a great team of developers on Reddit and we're building our own automated cryptocurrency trading platform
- A reminder to look at the weekly chart
- I Build a Price Alert Web for Exchanges
- If $30K Breaks, Bitcoin Could Fall to $20K FAST (July 16 Forecast)
| [Daily Discussion] - Friday, July 16, 2021 Posted: 15 Jul 2021 09:00 PM PDT Thread topics include, but are not limited to:
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| Posted: 16 Jul 2021 12:25 AM PDT For the past several months I've been sharing some of my work with you guys and your positive reactions made it so that some very talented people reached out to collaborate on some projects together. I've shared several open sourced projects with you from automated trading based on crypto news analysis, to Binance volatility trading and even a crypto trading bot that buys crypto based on this Subreddit's sentiment. I'm super happy to announce that because of your engagement, we're now building a cryptocurrency automated trading platform that will bring to the table a new level of customisation which we think is beyond all the current options in the market. If you're interested to be updated on the project's development and to be part of our beta testing release, you can join the subreddit that I just created for it. Bear in mind it's all bearbones right now, but I will post more regular updates on this particular project on there :) We chose the name after the Norse God of Knowledge - the badass Mimir. https://np.reddit.com/r/MimirTrading Or if you want to register your interest for beta testing, just go here: [link] [comments]  |
| A reminder to look at the weekly chart Posted: 15 Jul 2021 01:20 PM PDT This is how our weekly BTC chart looks like. It's inverted, because it shows how strong the sellers are. Any experienced trader can easily see that, for now, we are still bearish as hell. Bitcoin is still in its very early stages. Not really good to trade for a lot of beginners. It is still extremely illiquid, compared to futures market. So when the next move happens, it will liquidate so many accounts. Shared the source on another social media platform since i cant find it again for now [link] [comments]  |
| I Build a Price Alert Web for Exchanges Posted: 15 Jul 2021 10:50 AM PDT Basically you can get the alert by email for the price of different exchanges. If you want to setup alert for any coin, please try my website, and it's totally free. Right now I only setup 3 exchanges, but I will add more. I just add two more method to setup alert. Trailing stop buy and sell, it works same as trailing stop order in robinhood. You can goolge it, if you don't know how is it works. If you have any issue or advice, let me know. [link] [comments]  |
| If $30K Breaks, Bitcoin Could Fall to $20K FAST (July 16 Forecast) Posted: 15 Jul 2021 05:30 PM PDT Bitcoin fell on Thursday, giving back all of yesterday's gains and then some, closing the daily candle below $32K. This is an ominous looking chart and Bitcoin looks ready to fall off a cliff if it breaks below $30K. (July 15, 2021 8:30PM EST) Short-Term (chart here)All eyes are on $30K as Bitcoin looks to retest the support level and bottom of this $10K range once again. Although this time, after having traded below the 50 and 200 Day EMAs for weeks now, Bitcoin could be ready to roll over to a lower low. Whenever Bitcoin got closer to $32K, it tended to bounce quickly over the past 2 months, whereas now it's a slow grind lower. This is not encouraging for Bitcoin as it looks like buyers are afraid and shorts are heavy. Short-term, we'll likely see $20K-$29K Bitcoin. But that's not such a bad thing, as long-term Bitcoin is still in a macro bull market cycle. From a probability perspective, sellers are simply chasing the trade at this point; the point of least resistance over the med-long term is up, not down. For nearly all investors/traders, bull markets are when you BTFD, not fade the rally (small subset of active investors). I continue to add on dips, especially near major support ($30K) and lower support (78.6% fib around $21K). Given all the bullish fundamentals and technicals developing and coming to light on a weekly basis in crypto and Bitcoin, there is no reason to believe we're about to enter a multi-year bear market. As a matter of fact, if you were wishing for cheap Bitcoin to get in when it was at $65K, now's your chance. Long-TermBTFD. Fundamentals have not changed. Daily and even weekly charts will show relatively large corrections; this is standard bull market behavior. Now that another altseason has been spectacularly squashed, this sets us up for another Bitcoin leg up to new highs. By nearly every measure, we are nowhere near a top; in fact, we are maybe halfway through this bull market. What do you do during bull markets? Buy. The. Dip. Support: $30K, then 78.6% fib retracement around $21,679.Resistance: $35K, $40K, then $45K.[link] [comments]  |
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