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Theory on Nov crash and 2019 PumpGoing to write about a theory i have on what might have been going on the past 9 months. I have talked about similar things a few times in educational posts, saying that financial markets are NOT here for us, they are here for the brokers and banks to get commission fees and intrest (funding) from leveraged traders. Just like: Casino's: house always wins on the long term. Sports betting: House always wins because most don't have the patience to wait for the good games and gamble preferably 24/7 (just like trading). (online) Poker rooms, taking a percentage (rake) from each played pot (just like brokers/exchanges, guaranteed and no risk). Sometimes doing giveaways and special things to keep the intrest of the players/gamblers/traders alive ;) So those are not around for the gamblers/players/traders to make money. They also don't want them too loose everything, they want them to always be able to play and as long as possible to keep everything alive. Think most people have gambled at least a few times in their life and we all know the saying, beginners luck. It's as if a casino has a special radar to spot a first timer and letting them win the first time. Why? Because once you taste an easy win, you can never go back. Wise people eventually know when to quit gambling before things get out of hand. Others can never let go of that winning feeling and always hope (maybe even pray) that it will come back again (FOMO). Now back to my theory. Think it's safe to say that crypto exchanges had an amazing year in during and since the ATH. With huge volumes all over where they were making big bucks on a daily basis. Since the failed rallies at 8500 and 7400 we can see that volume dropped a lot. The volume candles don't give the correct picture, so i wrote the volumes i remember seeing on average during those periods. Now i can write my thoughts about what might have happened, but it's a bit too much conspiracy theory ish :). So i rather let you think about it yourself and your more than welcome to share what you think might have been going on. Of course eventually i will post my theory on this part as well later on. Only part i will say upfront, during the 3K zone, almost everyone thought Bitcoin was dead and many even started to feel as if, maybe, just maybe it was just one big hoax all along. What is general sentiment now? Oh and before i forget, the Bitfinex/Tether (this one is maybe a bit far fetched) and the Binance hack that happened back at the 5k. Mentioned it back then as well, because we never saw any follow through on that news. Felt like it was being used to eventually short squeeze people who shorted on that news. Please don't forget to like if you appreciate this :) The previous post i mentioned:
COINBASE:BTCUSDEducation
by botje11
57
Four months up in a row plus breakout - Where next?Two plus points for bitcoin at the moment. First is that at this stage based on past performance it appears like stocks go down bitcoin stays level. If stocks rocket so does bitcoin. Win Win. Plus lots of hype about new entrants into the crypto market. My belief - biggest threat to bitcoin future is in brand awareness, and adoption. The authorities will reward brand awareness and adoption. The authorities ultimately can control crypto liquidity and licensing. If the capitalization of brand awareness and adoption of a rival coin outgrows bitcoin you can be 100% sure that rival coin will target store of value next. For now crypto needs as much liquidity as possible to grow, and bitcoin the biggest brand name, and current bellwether of a whole new nascent industry appears too big to fail.
BITFINEX:BTCUSDEducation
by Felix000
2
BITCOIN, A Bunch of SHORT-TERM Profit Opportunities$Bitcoin has just formed an almost horizontal flat channel. Both, a support and a resistance are ascending which makes this channel - BEARISH . However, we have two triggers, one for SHORT position, another for LONG, let me explain you. If the price of $BTC break through the resistance at $8200 and takes hold above one, you can open short-term LONG position. In another case, if the price breaks through the support of the bearish channel ($7515) , you can open SHORT position. Just take a look at the chart and you will see that this channel offers a bunch of opportunities if you properly place entry orders. If you found this idea interesting, do not forget to Like it and subscribe to the profile, so as not to miss our updates!
COINBASE:BTCUSDEducation
by BillCharison
2
BITCOIN, Analysis According to Wyckoff Method, Must Read!The purpose of technical analysis using the Wyckoff method is to improve the timing of market operations when a speculative position is formed in anticipation of an upcoming move, where there is a favorable profit/risk ratio to justify opening this position. Trading Ranges ( TRs ) are the points where previous movement will be stopped and there will be a balance between supply and demand. Here , within the Trading Range , accumulation or distribution develops and prepares for the further movement. These accumulation/distribution forces "create a cause" that transforms into subsequent movement. Creating the necessary strenght takes time and, since during this period price action is understandable, Trading Ranges represent really nice trading opportunities with potentially very favourable risk/reward ratio. However, to become a successful trader, you must be able to determine correctly the direction and size of the upcoming movement from the Trading Range. Fortunately, Wyckoff method offers us some useful guidelines and models which will help us to explore the Trading Range. In our case we observe the Wyckoff ICE scheme - to fall under the ice. The fall is a relatively wide-spread price movement, at quite high volume, which breaks through external resistance or support. The return is a test that immediately follows the jump, it is characterized by a relatevely narrow spread or rally on a lower volume, which checks and confirms the validity of the previous action of a jump. The Wyckoff method tells us to buy on a return after an upward jump (sign of strength), or to open shorts on a downward jump (sign of weakness) . Also according to the Wyckoff method, you shouldn't buy exactly during the breakout, because that can put you in an vulnerable position for quick movements in the opposite direction if the breakout is false one. Thus, the Wyckoff method offers us to buy on the correction of the downward movement and sell on the correction of upward.
COINBASE:BTCUSDEducation
by BillCharison
79
How to use Fibonacci in #CryptocurrenciesAs you can see in the image, Bitcoin and Fib retracements are a very powerful combination. I personally only use 61.80% & 78.60% because this particular market is very volatile and prices tend to go down or up very fast. Always wait for 4H or Daily Closure and a good candlestick pattern like doji, tweezers tops, hammer. Remember that the most powerful Fibonacci plays perfectly when you are with the trend. As you can see in my related ideas, i use Fibonacci for confirmation and for correlation with my key levels. Feel free to leave a comment below and if you like the content i am posting give this article a like and follow me for more premium knowledge.
BITFINEX:BTCUSDEducation
by snipertariy
Lesson in volumeIm seeing a build up of red volume candles which could signify a drop soon. What Ive noticed is if you look at the previous candles it helps when determining future price movement. For instance if you see 10 tiny red volume candles in a row they add up. So if you see a period with more red volume than green its not wrong to assume that a decline in price is in the cards. This isn't fool proof and you should also pay attention to other indicators that traders watch. In doing so you can greatly increase your chances of obtaining profit. Its all about increasing your chances of being successful. Long story short, looking at volume is important. Understanding the way it works is crucial to being a decent trader. Look for the uptrends and downtrends in price action and pay attention to the volume situation. There is an obvious correlation. I am probably not the best person to be giving a lesson in TA. This was done more for personal reference. But I figured I would share with everyone! Im learning as I go :) Happy trading everyone!!!! (Sorry I had to delete the original post because I saw a mistake)
KRAKEN:BTCUSDEducation
by UnknownUnicorn4304403
Fibonacci lessonHere is a little proof to all the haters that Fibs definitely work. If you do not understand the way fibs work you can send me a private message and I can help you out. They are pretty simple to use. Check out some of my literature if you get bored today at work or something :P medium.com That is my medium account. There are quite a few write ups I have done over the past few months. Everything is free so check it out if you like :) I hope you all have a great Friday!
KRAKEN:BTCUSDEducation
by UnknownUnicorn4304403
1
The best technology is not the most profitable person!Let's look at a multi-period diagram, which is a powerful feature of TV that no other software has. For the use of multi-period diagram, many people may not know. In multi-period diagrams, the biggest problem is the inconsistency between periods, which leads to the illusion when used. One cycle is going up, and the other cycle is going down. What do you do with that? Who shall prevail? Take a look at the current trend. The 1-hour rally is over and we are facing adjustment demand. The 4-hour rally is waiting at the bottom. Such contrary circumstance, it is more difficult to master to trade. The correct operation is this, you have to choose an independent cycle according to their own needs, such as you want to do more, then you look at the 1-hour chart is unable to find evidence, you go to 2, 4 hours to find opportunities. And if you want to short, then the hour and day line is the reference. For most people, trading and analysis are two levels of business. For analysts, we require a comprehensive analysis of the market trend, so many cycle chart is very important, we have to follow up the relationship between the cycles, give a forecast. For traders, the simpler the better, as long as you choose the cycle you want from the trends the analyst gives you. Of course, we need to know that technology is dead and people are alive. The purpose of our study must be to make money. The so-called "crossing the sea by raft" is not the core. At the heart of the deal is not technology, but discipline. Otherwise, those who do not look at indicators, do not understand the technology, is not the opportunity? But what we see is often the opposite case, a lot of people make money, but they don't seem to have any exquisite operation technology, more execution. Just like the market yesterday, the indicator prompt is passive, if you wait for the prompt to operate, the moment of the waterfall is difficult to avoid. But from a human point of view, other people are greedy and I'm afraid, so when we remind ourselves of the risks in the morning, the person who falls on the safe side will be the winner. This is the law of the market and the beauty of trading. The best technology is not the most profitable person!
BITMEX:BTCUSD.PEducation
by peter-l