[Daily Discussion] - Monday, August 09, 2021 Bitcoin Markets |
- [Daily Discussion] - Monday, August 09, 2021
- Anyone interested in setting up a protest in NYC TONIGHT, to protest the crypto provision in the infrastructure bill? We need boots on the ground!
- How to know how much outstanding leverage exists?
- Bitcoin 4hr analysis 8/9/2021
- NOWLoans — a crypto loans service that uses BTC as a collateral
- BTC - AB=CD and bull traps.
[Daily Discussion] - Monday, August 09, 2021 Posted: 08 Aug 2021 09:00 PM PDT Thread topics include, but are not limited to:
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Posted: 09 Aug 2021 08:45 AM PDT |
How to know how much outstanding leverage exists? Posted: 09 Aug 2021 06:32 AM PDT When the Bitcoin market crashed in late April and again in early May many were saying that it was due to high use of leverage. Supposedly, a high volume of options and futures expired all around the same time and that depressed the price. My question is, how do these people know how many options and futures are open and when they expired? [link] [comments] |
Posted: 09 Aug 2021 04:21 AM PDT Good morning everyone! Bitcoin is looking solid this morning and the bulls are awake early. All good signs for the start of the week. First things first. We are currently above the daily 200 MA which is significant. If we can hold onto these current gains we have a real shot at leaving that 200 MA below us. That would make me full bull... But we really need to close the daily candle above the former resistance for this pump to be worthwhile. If we lose and close below that daily 200 MA it does not mean we are heading for 0. LOL. It just means that we failed in this attempt. I must confess failing to break that 200 MA would be considered bearish by the bulls but as we saw already over the past few days... The bulls are persistent and they don't give up as easily as people think. The 200 MA is a major indicator and bots along with traders pay attention to MA's (MA= moving average) , especially the daily 200 MA. I'm still bullish and until we see a solid rejection off the daily 200 MA I remain optimistic. That doesnt mean I am abandoning a stop loss! The gap from this past weekend filled almost immediately this morning. I hope these gaps become more reliable because I used to trade them often. Great way to start the week with a win... Proceed with caution folks and always remember WTFDIK??? TLDR: BTC is bullish. But RSI is overbought on 4hr and daily. RSI is not always a great indicator when FOMO is involved though. Set a stop loss just in case. [link] [comments] |
NOWLoans — a crypto loans service that uses BTC as a collateral Posted: 09 Aug 2021 07:59 AM PDT Hello, r/BitcoinMarkets community! We're ChangeNOW — a non-custodial service created for simple and fast cryptocurrency exchanges. We've recently launched NOWLoans — a crypto loans service, allowing you to use BTC as a collateral. https://changenow.io/blog/nowloans-a-premium-loans-service-by-changenow There are no maximum limits, but the minimum amount is usually around $100 worth of crypto. Please do let us know if you find it interesting — we'll be glad to answer any questions you have! [link] [comments] |
Posted: 08 Aug 2021 10:09 AM PDT I think we're seeing a high now in BTC around the 44 - 45K area. If we do break from here it's probably going to require some fundy trigger and if there's a shock coming we might see serious capitulation. Big bearish AB=CD Imgur: The magic of the Internet Same pattern that marked the high. I can't add pics or link to supporting works, so sorry this is pretty shit. But the pattern is interesting. [link] [comments] |
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