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    Tuesday, December 14, 2021

    [Daily Discussion] - Wednesday, December 15, 2021 Bitcoin Markets

    [Daily Discussion] - Wednesday, December 15, 2021 Bitcoin Markets


    [Daily Discussion] - Wednesday, December 15, 2021

    Posted: 14 Dec 2021 09:00 PM PST

    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

    Thread guidelines:

    • Be excellent to each other.
    • Do not make posts outside of the daily thread for the topics mentioned above.

    Other ways to interact:

    Get an invite to live chat on our Slack group

    submitted by /u/AutoModerator
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    [Daily Discussion] - Tuesday, December 14, 2021

    Posted: 13 Dec 2021 09:00 PM PST

    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

    Thread guidelines:

    • Be excellent to each other.
    • Do not make posts outside of the daily thread for the topics mentioned above.

    Other ways to interact:

    Get an invite to live chat on our Slack group

    submitted by /u/AutoModerator
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    What currency do you use for technical analysis.

    Posted: 13 Dec 2021 11:24 PM PST

    Hey everyone,

    Do you chart Bitcoin (and other cryptos) in any particular currency? I always used to use USD but recently I decided to use GBP (as I am British).

    I think that different currencies give different results (I am still a semi noob as you can tell from that statement) however on GBP I have found a natural angle trendline and the 250MA seems to run a little smoother compared to using the USD.

    Be interested to see if people use one currency over others for their TA, or use multiple currencies.

    Thank you.

    submitted by /u/Hypnomenace
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    [Daily Discussion] - Monday, December 13, 2021

    Posted: 12 Dec 2021 09:00 PM PST

    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

    Thread guidelines:

    • Be excellent to each other.
    • Do not make posts outside of the daily thread for the topics mentioned above.

    Other ways to interact:

    Get an invite to live chat on our Slack group

    submitted by /u/AutoModerator
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    BTC Top is in!

    Posted: 14 Dec 2021 08:16 AM PST

    BTC top is in. this does not mean it cannot retrace into the high 50s!! The 69k top is the absolute top for the bear to long term future . i do believe btc will continue to retrace into the 50s possible 58 at some point but we will not see 69k or above ! i have posted on this subject before and gotten destroyed for it but this is not me being a bear but me looking at TA and historic price charts and making an educated decision on BTC. i do think we see btc hit the 35k market after some light retracing . then i think we head to the high 50s for the last retracement . that will be the end of the BTC run for the near future . I believe BTC will hit 8-10k before 70k. i am sure i will get trashed for this but if you are new to trading crypto or interested in an opposing view from the youtube gurus then this would be it . I love BTC and will be buying as much as possible when it finally touches down into the 8-10k mark whenever that is .. but for now i see small peaks and valleys into a final retracement and then it's over

    Summary: BTC top is in. Retracement will occur but never reach ATH. 10k before 70k. Hate to follow

    submitted by /u/33ja33
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    Trend identification model for Crypto

    Posted: 13 Dec 2021 02:16 AM PST

    Asking this for a friend who is not on reddit :

    He has a technical trend identification model for positional traders in crypto. Earlier he was using this for commodities and forex market but he found it to be more useful in crypto because of the continuous nature of the markets. It is a very simple model and easy to understand. It consists of 2 proprietary indicators and just by looking at it anyone can figure out what is the underlying trend of that particular instrument. This model has served well in the recent bull and bear market scenarios and as well as in times when markets are choppy.

    He is not a very wealthy individual and can't put lot of money in trading his own model though he is doing it in a smaller scale. But he feels that to realize the true potential of his model bigger amount of money needs to be involved. He is ready to share his signals with anyone for free for next couple of months to demonstrate the effectiveness of his model.

    What is the best way forward for him ?

    submitted by /u/SmartAltern
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    What is the future of crypto?

    Posted: 12 Dec 2021 04:03 PM PST

    I hope that we can all see the coming of the bull market. Newbies please be patient with mainstream currencies and try not to trade with leverage. Put the money in a safe wallet, we will not be the leek of the institution, and we will welcome the bull market to make money together! BTC and ETH will go up so much, I will always hold them

    submitted by /u/SweetlyGrotesque
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