[Daily Discussion] - Thursday, July 22, 2021 Bitcoin Markets |
- [Daily Discussion] - Thursday, July 22, 2021
- Setup Price Alert for Rebound
- Bitcoin Price Bounce Above $30K Triggers Massive Liquidations
- Historical prices on bitcoin (Hourly)
- Is Bitcoin Medium-Term Bottom In? (July 22 Forecast)
- Bear Market Investing Strategy
- �� MoonBear Finance Public Sale Whitelist Competition is Now LIVE! �� Huge Potantial ��
| [Daily Discussion] - Thursday, July 22, 2021 Posted: 21 Jul 2021 09:00 PM PDT Thread topics include, but are not limited to:
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| Posted: 22 Jul 2021 09:52 AM PDT If you guys miss the price rebound this time , you can try to setup alert in my website. www.bitwoohoo.com I just add a new feature arbitrage strategy. This one will send alert when one coin price is different in all exchanges. You can setup the percentage of the difference, and you will get alert for the highest price exchange and lowest price exchange. [link] [comments]  |
| Bitcoin Price Bounce Above $30K Triggers Massive Liquidations Posted: 21 Jul 2021 03:07 PM PDT Bulls have successfully managed to defend the BTC price against further losses below $29K. The largest cryptocurrency gained momentum on Wednesday and reclaimed the long-standing $30K support. The BTC/USD pair has gained a respectable 7% in the last 24 hours, hitting a high of $30,798 before correcting gains. Rebound Sparks Massive Liquidations The bounce from yesterday's brutal sell-off saw numerous bottom shorters liquidated, as shown by data from ByBit. Tailwind from the BTC rebound also saw other cryptocurrencies such as ETH and XRP log significant recoveries. Bitcoin's return to form comes as network fundamentals continue to improve. The hash rate is now nearing 100 EH/s, edging closer to its record highs of 168 EH/s seen before China's crackdown on miners. Meanwhile, the network difficulty is well on track to increase despite the recent price retracement. These strong fundamentals delighted MicroStrategy CEO Michael Saylor, who wrote that the Bitcoin Network has never been in better shape. Genuine Comeback or Dead Cat Bounce? Despite bitcoin reclaiming critical support, some analysts express fears that the bounce is a short-lived "relief rally" and not a proper comeback after a price bottom. Popular podcast host Nebraskan Gooner told his Twitter followers that the "short the bounce" season is still on. Similarly, Vijay Ayyar, head of Singapore-based cryptocurrency exchange Luno, predicted the BTC price could continue to slide.. https://btcmanager.com/bitcoin-price-bounce-30k-liquidations/. [link] [comments]  |
| Historical prices on bitcoin (Hourly) Posted: 22 Jul 2021 10:10 AM PDT Hey I'm looking for bitcoin, Eth, Doge hourly historical data with Open, close, highest, lowest, treaded vol and market cap. The main problem is I want a website from where I can scrap the data. I got a CSV file from cryptodatadownload but the problem is it shows only for one exchange. I want something the coinmarketcap with hourly details. They are showing details of 24H. If anyone can help me I will be grateful Thanks [link] [comments]  |
| Is Bitcoin Medium-Term Bottom In? (July 22 Forecast) Posted: 21 Jul 2021 05:30 PM PDT Bitcoin rallied on Wednesday, recovering back above the $30K level and nearly reaching $33K before pulling back a bit, closing the daily around $32K. This is bullish short-term as it validated support at $30K, erased the previous 2 days' losses, and gives us a short-term higher high. A drop below $30K is definitely still possible, but it's encouraging to see Bitcoin successfully retest support at $30K. (July 15, 2021 8:30PM EST) Short-Term (chart here)While yesterday it seemed like Bitcoin was on the verge of breaking down to a new lower low, Bitcoin rallied today on the back of the much-anticipated Elon Musk/Jack Dorsey/Cathy Woods Bitcoin conference. The conference's hype surrounding Elon Musk's generally bullish comments and positions regarding Bitcoin boded well for Bitcoin's price, which rallied as much as 9% on the day. We're far from out of the woods, but $30K seems like strong support and a good medium-long term level to add to positions. If BTC breaks below $30K with an impulsive candle, then we'll probably see a swift drop to the low $20Ks where we should see a flurry of buyers step in to BTFD. If BTC breaks above the 50 Day EMA around $37K right now, this would be extremely bullish and give us a bullish divergence. With rapidly declining EMAs, that's much more within reach now—roughly a $5K jump from here. A break above $40K would be even more bullish and almost certainly send BTC to near $50K as there's not much resistance in between. While Bitcoin's short-term range has tightened considerably, it should still be viewed in the light of $10K ranges now. 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, EMAs around $36.9K, then $40K.[link] [comments]  |
| Bear Market Investing Strategy Posted: 21 Jul 2021 03:02 PM PDT I am restless so I would like to take a moment to share my current "bear market" crypto investment strategy with you all. I will list target coins, detail intro strategy, DCA/purchasing strategy, staking/rewards, exchange/wallet options, and more. I feel like this would have been helpful to hear when I was first starting out, even if it is not perfect. I am not here to shill my coins so I won't go into details there. I understand others may have different positions - I would love to hear what you are all doing to maximize this current stage in the market. This is not financial advice... Target Coins
Intro strategy I have had a small bag all coins listed and a few more before the recent ATH correction. The first thing I did was to sell out of projects that I was not truly behind, and everything I did not truly understand/see a use case for. When I saw prices that were decent (one of the first dips to 29/30k) I took the extra cash and then some to re-invest in the above list. This gives me a lower/good cost average for my coins moving forward. Exchange info I use Binance US only for VET. I have only used them for about a year, so I don't have as much trust with this exchange, but have had no bad experiences. Moderate fees, funds hold 10 days before withdraw from ACH deposit, allows access to shitcoins (LOL). I use Uphold for the sole purpose of BAT. It is the wallet accepted by the Brave Brower, which rewards free BAT monthly for receiving ads. I would change this immediately if I could, not a fan. I have used Coinbase and Coinbase Pro since 2017, and this is where I buy most crypto. I feel its important to explain why I use CB, because it has been very helpful in the process.
Investing strategy I earn income weekly, so I have an amount set aside that I set up a recurring deposit to Coinbase (USDC). There is no fee, and I actually earned $5 for setting it up. 100% of this is transferred to CB Pro, instantly, for free. It is then converted to USD, where 50% is placed in market orders, as split in the coin breakdown above. The other 50% is placed on limit orders. I take a look at the charts and find the 14-28 day low average for each coin, and this is my starting point for the first order. The second order will be placed at a percentage loss from that starting point, and the third will be placed at a percentage loss from the second order. I chose -15% for BTC and ETH, and -20% for all others listed. Example - BTC starting point/1st limit order $30500. 2nd limit order is -15% so $25925. 3rd limit order is -15% again so 22036. If the limit orders don't trigger, I simply add more to the order the next DCA, strengthening my purchasing power for the correction. If the orders trigger, the process starts again with the next deposit. BAT and XLM are earned through Brave browser and CB Card, respectively. I do take seperate funds and deposit USDC for the sole purpose of having USDC to spend and earn XLM on my daily purchases and bills. I leave the BAT in Uphold due to fees but transfer the XLM to Celsius to gain interest. As you will see, the next part of the "investing" is actually earning crypto by staking/holding. Wallet info I am getting tired so I'll speed it up. Although most vets would recommend them, I have yet to purchase a hardware wallet. I feel secure with my amount of crypto with my wallets and exchanges security. 2FA, passphrases, whitelisting, etc. have given me security for years. I'll just list what I use and why.
It may not be perfect, but I hope this helps someone out. Feel free to ask questions. Thanks for reading! [link] [comments]  |
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