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BITCOIN POTENTIAL SHORT: BEAR FUNDAMENTALSThis is a sad moment for Bitcoin. And probably for whole crypto-market. We've seen bullish exhuberance on altcoin markets , where major alts (DASH, ETH, XMR) gained an 100% in average last 7 days. And they gained much more at their peaks. These are the actual numbers against BTC since bitcoin ETF rejection: XMR +155% ETH +295% DASH +265% And other minor alts also grew A LOT against btc. We've seen this before. Prior the great bear market in BTC at the end of 2013 begining of 2014. This could be bitcoin whales manipulating the small altcoins markets to squeeze as much bitcoin as possible prior the bitcoin bear market. Or in the best case scenario (unlikely in my opinion) a migration from BTC to other solutions . And we have some important bear fundamentals : Bitcoin ETF was rejected . Basically the SEC told us that bitcoin markets are not regulated, and so, easily manipulated and not elegible for american regular investor. Source . A potential non-friendly hardfork is more real than ever . The relations between Bitcoin Core and its community and Bitcoin Unlimited and its community are more tense than ever ( source ). Recently BU nodes were attacked ( see sharp nodes drop ), and the whole BU team made fun off ( source ). Even after those problems, currently BU scalability solution (hard fork to bigger blocks) is signaled by +32% of the hashrate, while Bitcoin Core scalability solution (SegWit) is signaled by +27% of the hashrate ( Source ). Bitcoin Core community won't ever accept Unlimited solution, and viceversa. And what is worse, important people in the bitcoin world are already considering/planing how to list/treat two potential bitcoins. ( source ) PBOC preparing highly STRICT regulations . There is a draft, not approved yet, suggesting mandatory in person verification prior first deposit/cashout. (Sources: 1 , 2 , 3 , 4 ) Bitfinex hacked coins apparently on the move . ( Source ) I have my opinions about this Bitcoin Core/Bitcoin Unlimited war, but i think they are irrelevant. What is relevant is that something MUST be done . And splitting bitcoin in two different chains IS NOT AN OPTION . The bigger bitcoin is, the most difficult finding a solution will be. This has been delayed too much. And it has a huge negative effect: people could start thinking that a decentralized governance IS NOT POSSIBLE. As bitcoin is proving unable to reach consensus for years, and what is worse, this consensus seems more difficult each day. And this seems to be simplified to a big disconformity about what is bitcoin. ¿Is bitcoin a currency/payment method or is bitcoin a store of value? If even early adopters and leaders of the community can't agree on this, then bitcoin's future is doomed. All this makes me feel quite unconfident of bitcoin ability to hold it's current market cap. I personally sold 40% of my cold storage (~$300 avg buy price) into fiat at 1200. And now i am opening a short. I am laddering my short entry, 1130-1150-1170-1215-1250. I will stop this short once i see the scaling debate/potential hardfork finding a friendly solution.
BITSTAMP:BTCUSDShort
by bagofXMR
59
Swing Trading strategy !! (A micro view on swing investing)Through out my time swing trading i have found that there are some desecrate tools and information i must look at in each equity before i make my final decision, certain criteria like Short interest , days to short , SQZMOM indicator along with a sweet chart that channels up. 1. it all starts at finviz where i search up stocks that fall under the lower priced Nasdaq equities, this is also the time i start to look for some nice setups on the chart. On the chart i mainly look for equities that are Channelling up. 2. i have filtered out the equities that don't have nice setups often charts that break the channel pattern, after this is done i start to look at the days to short on the Nasdaq short interest website. This is essential because if there was a big move down and a short share float of more than 20% it could mean that the stock is about to rebound 5-20%. it also makes the game much easier when you can now how many days those shorts have until they have to cover. 3. Once ive gone a little bit into the fundamentals and short interest i like to then look at that chart again, The indicator SQZMOM on trade view is one of my last type of analysis i do on the equity before i make a decision. As i have shown in the chart if there are 2 green momentum bars on the indicator it signals a buy entry , and once the green momentum bars start to fade it signals a Sell alert. 4. Usually i take profits at 5-10% as i have a stop loss at -5%., remember the key is to grow your account and scale it up so it might start slow. for example most people start of with a $1000 account so your first trades should be making $50 of profit as you scale it up Remember when you come into swing trading with a plan and prepared it becomes much easier to be successful in trading the equity. Its a marathon not a sprint
NYSE:ACCO
by GOVYTrader
2
EURUSD, USDCAD , DXY index Dynamic intraday hedging Dynamic intra day hedging: Fundamentals and and a lack of interest in the euro has has it fall substantially, USDCAD is -95% corralated to the EURUSD and we have seen a strong canadian dollar over the past few d ays. effectively by creating two positions one short on the eurusd and one long in usd cad with the same lot sizes we can effectively minimize risk. we can minimize risk even more by then adding the two lot sizes from eurusd and usdcad to create another positions in the dxy which then minimizes risk even more
INDEX:DXY
by GOVYTrader