Bitcoin Thread

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Interesting that the recent moves looks similar to the dump from $5k to $4k, just upside down. I think it will be tough to push past $5600/$5700 now though. I'm trading this range (have also made a 3rd account) but taking profit often.

If it does follow it exactly, we pull back to around $5050/$5070 and then pump from there.

Qu4wNIap
 
SaiyanZ said:
Interesting that the recent moves looks similar to the dump from $5k to $4k, just upside down. I think it will be tough to push past $5600/$5700 now though. I'm trading this range (have also made a 3rd account) but taking profit often.

If it does follow it exactly, we pull back to around $5050/$5070 and then pump from there.

Qu4wNIap
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That's literally the guest post on tradingview from 2 days ago. Is it you or did u just steal it from there?
 
So I am tired of using platforms where I just drop my BTC on and they trade for me taking a fee. Made some decent profits from them, but wanting to take more personal control now. Any suggestions on where to start?
 
friedpiggy said:
So I am tired of using platforms where I just drop my BTC on and they trade for me taking a fee. Made some decent profits from them, but wanting to take more personal control now. Any suggestions on where to start?
Click to expand...

Binance then Bitmex if you have an appetite for more riskier trades.
 
friedpiggy said:
Already on Binance, any suggested signals provider?
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I personally do not use any so cant really advice on there. Armed with tradingview there is nothing one cannot achieve. But for some of us we want to transition to this full time so we basically live by the charts. There are ninjas with discord & telegram groups who all claim to be able to give you good returns and all that. So for you to go from someone trading for you to one of those is just substituting one slave master for another. Trading is not easy at all and one should be prepared to lose quite alot in the learning process before you can start winning consistently. So start with small positions when you do. You won't get rich overnite despite what instagram lifestyle pics show.
 
Many thanks for your help. going to drop like 0.1 BTC onto Binance and see how I go to start with. didnt know about tradingview to be honest
 
friedpiggy said:
So I am tired of using platforms where I just drop my BTC on and they trade for me taking a fee. Made some decent profits from them, but wanting to take more personal control now. Any suggestions on where to start?
Click to expand...
Binance is fine, but maybe also consider trading a few higher volume alts in addition to BTC. Get some nice % price moves. I'd leave the shorting and leverage options of bitmex etc. for now, or load a small amount to experiment with.
 
Not really planning on trying to do much in the BTC/USD line as that part just scares the snot out of me. WAY too volatile to jump into that straight away. I have found a signals platform that a mate uses that comes with charts of why they suggest it. plan on using that for a month or so to see how they make decisions and so on. That is my main thing for now. learning the best way to interpret the charts and then trading altcoins and later on get into the BTC/USD side of it. Also Bitmex is on hold for me for now. let me figure out regular trading first.
 
Countcrypto said:
That's literally the guest post on tradingview from 2 days ago. Is it you or did u just steal it from there?
Click to expand...

Is it? Will have a look. I don't visit tradingview anymore.

It dumped a bit deeper than expected but is back up again. Seems like a symmetrical triangle which should break upwards but it still can spike lower. What held back the upwards move yesterday is a 2000btc sell order on Bitstamp at $5185. It kept trying to break through but eventually fell. There's still about 1300btc of that wall still left to break through.

4Ni4C1fM


Also assuming we break through above and the market is still overall neutral and bearish, a highly likely dump point is like below. Not sure how high it can go and what it will do whilst it's up there though. Have seen this pattern in BTC several times.

eG1IRHOb
 
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friedpiggy said:
I have found a signals platform that a mate uses that comes with charts of why they suggest it. plan on using that for a month or so to see how they make decisions and so on. That is my main thing for now. learning the best way to interpret the charts .
Click to expand...

Care to share?
 
SaiyanZ said:
Is it? Will have a look. I don't visit tradingview anymore.

It dumped a bit deeper than expected but is back up again. Seems like a symmetrical triangle which should break upwards but it still can spike lower. What held back the upwards move yesterday is a 2000btc sell order on Bitstamp at $5185. It kept trying to break through but eventually fell. There's still about 1300btc of that wall still left to break through.

4Ni4C1fM


Also assuming we break through above and the market is still overall neutral and bearish, a highly likely dump point is like below. Not sure how high it can go and what it will do whilst it's up there though. Have seen this pattern in BTC several times.

eG1IRHOb
Click to expand...
Btc is overbought but the path of least resistance is still up if we can get above 5300. There was no resistance on the dump down from 6k other than 5300 and hence trading bots will surely pump should we break 5300. But yes should it break up we are in for a hard bounce off 5800 to 6k. Retrace back to around 5300 and get the rsi back to oversold levels and then if 6k can be broken...... Moon.
 
Just took a peek at Bitstamp and interface looks quite dope. Does anyone here trade on that exchange? How is it?
 
Quintrix said:
Care to share?
Click to expand...
I would if the accuracy rate was above 40% which it isnt. I mainly use it to learn not to trade. its frikken horrible. Out of the ten trades suggested in the last 24 hours, 1, yes one has been a good buy. But its fascinating to see how to read the charts to get to where they think it would go. But it seems they are relying heavily on RSI and not much else.
 
It broke above the resistance for now but another smaller potential pattern is also present. If it can't get above $5350 in the next 12 hours or so it should dump like the red arrow. If $5350 breaks then it should continue to go up and stay up for a few days at least.


ei4PGdwv
 
I see, sense and smell a dump - hoping that last pump counts as double top - and we revisit 5k range
 
Can somebody explain the massive "dump" in shorts? From 23k to 17k with nothing on the charts.
 
Looks pretty strange as there hasn't been anywhere near that much volume on Bitfinex. Error in the chart maybe. Very strange.

v02Ap9t2
 
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