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    Wednesday, October 27, 2021

    [Daily Discussion] - Wednesday, October 27, 2021 Bitcoin Markets

    [Daily Discussion] - Wednesday, October 27, 2021 Bitcoin Markets


    [Daily Discussion] - Wednesday, October 27, 2021

    Posted: 26 Oct 2021 09:00 PM PDT

    Thread topics include, but are not limited to:

    • General discussion related to the day's events
    • Technical analysis, trading ideas & strategies
    • Quick questions that do not warrant a separate post

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    submitted by /u/AutoModerator
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    Bitcoin calls

    Posted: 26 Oct 2021 02:18 PM PDT

    So im pretty bullish that planb is right on his predictions that bitcoin will hit 100k by christmas, is there a way i could buy call options that would outperform just buying bitcoin directly? Like is it possible to 10x my money if i predict bitcoin will hit 100k on christmas and im right? ( i live in the us ) i started a ledgerx account but its very confusing and i dont know what any of it means

    submitted by /u/jstellz
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    Scientific articles in real trading

    Posted: 27 Oct 2021 03:32 AM PDT

    Here is an article, that covers the topic of how scientific ideas lose their prognostic potential after the article published: https://www.reddit.com/r/Xena_Exchangeofficial/comments/orwud2/ . Looks like all trading ideas are having limits, and algo trading is continuous process. I am not into algo that much, are the statements really correct?

    submitted by /u/Glittering_Start3947
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    Bitcoin Update: Small and Large Timeframes

    Posted: 26 Oct 2021 04:50 PM PDT

    There are a couple major trends with Bitcoin price action currently on several timeframes and I want to share them with the community because I don't think a lot of people view the market through this lens.

    Starting with smaller timeframes. Bitcoin 1hr is sitting in a nice falling wedge. These often break higher and with the bullish market and general news, things are looking good. Just a waiting game right now. Often falling wedges form a double bottom right before breakout, so if we don't come down to the blue support trendline then that is likely the last swing low we will see. Additionally, $59,300 range should provide pretty good support to encourage that to play out.

    On the Bitcoin Daily chart, we are currently retesting some super bullish ideas. Again sitting on very strong support so if this breaks lower and back into the pattern then that would be a very bad sign.

    I'll leave it at that basic level of analysis right now. If you have questions, please ask and I'll do my best to address them. If you are a holder for life and hate any kind of analysis like this, well that's alright too. I absolute commend that strategy.

    Happy trading :)

    submitted by /u/Winter-Divide-8049
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    Spooky season is here! Have you ever heard about the Halloween effect in trading?

    Posted: 27 Oct 2021 01:40 AM PDT

    The Halloween effect is one of the most famous calendar anomalies. It is based on the observation that stock returns tend to perform much better over the winter half of the year (November–April) than over the summer half of the year (May–October). ⁣

    "Sell in May and Go Away" is actually an investment strategy for stocks based on this theory (sometimes known also as the Halloween indicator).

    But the vast majority of studies that investigated the Halloween effect over the recent decades focused only on stock indices. ⁣

    Will the Halloween effect soon apply to the Bitcoin market as well, as it grows bigger?

    What do you think? Did you know about this?

    submitted by /u/Blocks_and_Chains
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    Holding bitcoin to accumulate more sats - My strategy

    Posted: 26 Oct 2021 11:38 AM PDT

    During this run I'm focused on growing my BTC so, all of my interest is paid in that one for now (I lend it in a lending platform ~%8 APY for BTC and ETH, ~12% on USDC). But the time will come when the market sags, it's a part of it.

    So check this out: You can park USDC, ETH, and BTC on Hodlnaut. And, you can get your interest paid in any of the currency they deal with AND, and this is a BIG AND, you can direct each of your holdings to pay interest in the currency of your choice.

    I don't sell my BTC or ETH, because then it grows slower. When we hit what looks like the top of the run, I'll focus the velocity to USDC to have something to buy the dip with!

    You can also get USDC in USDC, which itself grows at 12.5 APY while directing ETH to pay BTC and BTC to pay ETH.

    Point: you can choose each coins interest independently of the others.

    It's such a cool thing how fast you'll grow!

    submitted by /u/matteo_invst
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