[Daily Discussion] - Monday, August 23, 2021 Bitcoin Markets |
- [Daily Discussion] - Monday, August 23, 2021
- Rising Institutional Adoption, Bullish Momentum Send Bitcoin (BTC) Closer to $50,000 Resistance
- I've noticed that coins spike when binance announces new coins, and not when they're actually listed. Any bot for this?
- Best practice for macro trading, say in Phemex... how much is too much to keep on exhange?
- My think about Bitcoin price
| [Daily Discussion] - Monday, August 23, 2021 Posted: 22 Aug 2021 09:00 PM PDT Thread topics include, but are not limited to:
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| Rising Institutional Adoption, Bullish Momentum Send Bitcoin (BTC) Closer to $50,000 Resistance Posted: 22 Aug 2021 04:57 PM PDT Bitcoin continues to surge as the bulls eye $50,000 figure as the next major resistance. Bitcoin Close to Smashing Through $50,000 Premier cryptocurrency bitcoin has been on a steady rise for the past few weeks and if the momentum is anything to go by, it won't be long before the $50k resistance is smashed for good. The surge in price has also been supported by several bullish technical indicators such as the recent "golden cross" pattern where a short-term moving average goes above the long-term moving average. In addition to the aforementioned, the orange coin has displayed a strong recovery including its movement past its 200-day moving average earlier this month hinting that the psychological resistance of $50,000 might be in cards for the bulls to conquer soon. Further, the total market cap of bitcoin has also risen above $900 billion and looks to capture the $1 trillion market cap once again. Institutional Adoption on the Rise The rise in bitcoin's price can be attributed to the rapid pace of institutional adoption of the largest cryptocurrency by market cap. Of late, a number of institutional investors have been warming up to bitcoin as a hedge against inflation and a reliable store of value to tackle any 'black swan' events. A trend started by business intelligence firm MicroStrategy, a greater number of corporations are following suit to add crypto assets to their balance sheet to diversify their asset holdings. As the close followers of the industry might remember, Elon Musk's Tesla announced earlier this year that the company had bought BTC worth a whopping $1.5 billion and that the company would also allow customers to pay for Tesla models with bitcoin. However, soon enough the company discontinued the service citing bitcoin's energy-intensive mining. Fortunately enough, however, at the recently concluded 'The B-Word' conference, Musk said that Tesla would 'most likely' resume the bitcoin payments service soon. Similarly, Wall Street giants have also been vying to add bitcoin to their list of offerings on the back of the rising demand from accredited investors and private clients. As recently reported by BTCManager, Wells Fargo had filed for a passive bitcoin fund with the U.S. SEC. https://btcmanager.com/institutional-bullish-bitcoin-btc-50000-resistance/ [link] [comments]  |
| Posted: 23 Aug 2021 03:53 AM PDT I've noticed that coins spike when binance announces new coins, and not when they're actually listed. This is an example announcement : https://www.binance.com/en/support/announcement/3c5c8af23a624818a75bf18b1faeb7c0 The coin hit 125% in the next 15 mins. Any bot that does this? - Check if coin exists in any current exchanges - Huobi, Kraken, FTX etc - Purchases $X in the respective exchange. I remember seeing a simple bot to buy when a new coin is listed, though that loses significant gain [link] [comments]  |
| Best practice for macro trading, say in Phemex... how much is too much to keep on exhange? Posted: 22 Aug 2021 06:23 PM PDT I'm doing some macro trading on Phemex (don;t worry, no leverage). Simply popping in and out of various Alts for a few days or couple of weeks, trading out, and then back into the new next big thang. Question directed to traders who also do this: how much do you keep on exchange? If you buy an Alt for an (anticipated) few days hold, do you immediately send it to sft/hardware wallet until you're ready to exchange it for something else? I'm interested in workflow and best practice. [link] [comments]  |
| Posted: 22 Aug 2021 02:10 PM PDT I think that trader have fear and sell their Bitcoin , I think Bitcoin have good fundamental possession! I think that trade fear about price when Bitcoin touch 49000 or 48000 $ Some people say that when people afraid you buy goods or coin , I think you don't trade and buy Bitcoin and hold it then if you lucky you can sell it in over price and save your profits Also I think people better buy and hold Bitcoin and don't trade it in short time ! If people don't afraid,I think Bitcoin can touch 50/000 $ What do you think about my think?let me know Note: this is not financial advice! [link] [comments]  |
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