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Asynchronous BTC cycle with some altcoins. How to make money.How to make money on some altas that go completely against the Bitcoin trend or are ahead / behind? How to use it for profit taking? The cycle on the principle of working on btc / usd - alt / usd - btc / usd. On many coins, a downward channel has now formed, both in the Alt / btc and Alt / USD pairs, most go synchronously to bitcoin. Which is logical, as bitcoin is growing in value in dollars. And on the one hand it seems in dollars, that is, in real money you will not earn anything on this. But some coins, on the contrary, move asynchronously, or at least late to the BTC / USD movement. Very often the difference is quite significant even in pairs to USD. This will be discussed. There are many pairs that asynchronously go a large period of time Alt / BTC, Alt / USD. I think that it is understood that the price itself does not move as a counterweight, but it is intentionally directed at a certain period of time by people who have their own interest in this. For a long time I have been watching how this is discussed in various resources on the topic of trading and cryptocurrencies. As a rule, these discussions and explanations do not have practical application, because the explanations come retroactively on the chart. ________________________________________ Explanations of the work. XLM / USD As an example, we see that a false breakdown on XLM / USD happened on November 12th. + 80% Then lowering the price to the lower border of the internal channel. And now the price is kept at the same level + - 15%. Roughly speaking, the price is kept from rising. BTC / USD At the same time, bitcoin is a completely different situation, although at first glance it seems similar. Just on November 12, a gradual, and then a sharp decline in the price of BTC / USD to the lower border of the domestic channel began, by -22%. And the price immediately rebounded + 20%. Let me remind you after reaching the borders of the internal channel on the XLM / USD pair, the price is kept at the same level, not allowing it to grow. It is also worth noting that the channels are enormously different in terms of percentage step by XLM / USD and BTC / USD: XLM / USD - 180% / 60% BTC / USD - 50% / 25% I think that you understand that this and the difference in the percentage step of the channel, plus the delay in price movement, is used to take profits. Also, the XLM / USD coin has good liquidity, then you can take substantial profits. In this pair, due to the large liquidity, you can scroll a fairly large amount of money. Principle of operation. Here is a simple example on an XLM / USD coin that formed a downstream channel like BTC / USD. But inside the channel, the movement is asynchronous to BTC / USD. Now the price of XLM / USD is moving down to the trend line of the internal channel , which acts as a support, the movement is now frozen in a lateral movement above this trend. Price does not allow further movement. While BTC / USD, the price goes up to the upper trend line of the domestic channel. At the upper border of the channel, if there is no breakthrough and consolidation above, we sell BTC / USD (sold at the local maximum of the channel). At the same time, perhaps XLM / USD will reach the bottom of the channel. We buy at the local minimum of the downstream channel XLM / USD for dollars that we received for selling bitcoin at local maximums. Then the whole action is repeated the other way around. It should also be borne in mind that this asynchronous arbitration is a profitable business, but altas always, when trend reversals, are ahead of BTC in profit in making real money. The correct entry / exit point is important. Hurry and greed is never necessary. I also want to add that in most cases, those coins that are sent to Bitcoin asynchronously are clamped in the horizontal channel. Rare cases, as an example, are higher on the XLM in the downstream channel, even less often in the upstream channel. The reason I think is understandable, as it is a completely manipulative action and it is easier to adjust the price precisely in the horizontal channel. You also need to understand that a certain pair can work for a while. I only know a few pairs that have been working asynchronously for bitcoin for more than a year and a half. This is a gold mine.
BEducation
by SpartaBTC
5
Top 5 reasons big institutions will never go big in crypto1- They don't need to. JPM was the 6th most profitable company in the world in 2018 according to fortune. They made $32.4 billion net profit (109 billion in revenue). They have 2.7 trillion worth of assets. Turning 10 million into 1 billion in 5 years which is the dream of many, they won't even notice. 2- They have to set up a whole department, risk management, traders, etc, just for 1 small market. Without the wash trading the entirety of crypto volume is about 3 billion (including bitmex I think), remove all the micro coins not worth looking at, and they have access to 2 billion volume maybe. The market cap of the whole thing is a few hundred billions. Sell orders of 1000 BTC drop the price by 15%... Rofl... Then half of it gets taxed and 2/3 of whats left goes in salaries and fees... 3- It is the wild west and a huge ponzi like it or not. Half of the 2015-2017 bull market was attributed to 1 manipulator using Tether. Before that the Willy bot was pumping prices. And 95% of crypto volume was proven to be fake. And MtGox got hacked. So many scams so many complications. They'd have to create a wallet and if they want to sell every one will know. So create wallets. They get 1000 times a $50 transaction or maybe worse. And it could take hours for them to transfer their BTC. And they would need several brokers to affect the price as little as possible. There are just so many complications. 4- The majority of Institutional Investors are looking for income & minimum returns. The rare ones that want big returns have no incentive or cannot join. Bitcoin pays no interest. Already it is something they are not used to. And the prime role of those institutions is not to look for maximum returns. They just want some minimum level of return then more is bonus they gladly welcome if it does not come with increased risk or low liquidity. Bitcoin has wild 80% moves in both directions. And it would be hard for investors to get their money out. It's just not their target. It's an inferior investment to what already exists. You can forget about pension and mutual funds immediately. The biggest 2. The "crazier" ones are hedge funds, and there are some in crypto. They are suspected to manipulate prices (so risk ending in front of a judge), and many ended up with 80% losses and such. Existing hedge funds that are successful are looking to scale up on bigger markets, not scale down lol what are people thinking. And the unsuccessful ones can't get clients, and why would anyone invest with a loser that now is going to gamble his last chance in crypto? Even with all the hype from 2017 very little funds were able to get started. Just a couple randoms with no previous experience, that are popular with "the masses" usually made of young gullible delusional dumb money, and managed to gather a few millions to "invest" (take their 2% fee and then flip a coin investors take all the risk). 5- They care about their reputation and emm... what do you think... They don't want to go to jail duh! Maybe this is the biggest one. They have all to lose and nearly nothing to gain. This one is obvious... Especially recently, after 2008, they have spent enough time in front of judges or members of parliament to want to go gamble on magic beans. They get roasted by senators for exposing their investors to a company that ended up going bankrupt. They are held accountable for everything. Some legit, or that seemed legit, company, regulated, that filled all the paperwork, all they do is let their investors touch it, and if tough luck it goes to zero, that's it, there is a hearing with the government. Imagine if that happened with a virtual currency made out of thin air with no legal ties, no one in charge, no regulation, nothing. Especially with every one angry after 2008. They'd get sentenced to death! Risk death to make 0.25% mmmyeah they are NEVER going to go into crypto if they have half a brain. 1 counter argument no one ever cared about, but they will start caring about once the shills tell them it will bring institutions in: in 2020 CME is launching Bitcoin options. Crypto "investors" care about ONE thing and ONE thing only: reasons for price to go up. They care about NOTHING other than this, it's insane. There's probably going to be another risible "bull market start" in early 2020 with CME options and The Halving™
BITSTAMP:BTCUSDEducation
by MrRenev
11
Who can make money in this market?The market still has no direction, so no effort to prejudge what point entry, I see is the right signal, break through ma18 again, otherwise wait for macd to form a long trend. Talking about some of the logic of trading today, which I've repeatedly stressed before, analysis and trading are two levels of things. A lot of people always say they want to make money, but what they do is make themselves analysts. For example, in business, do you have a special course to study to make money? The so-called money making, is a very broad concept, he is low buy high selling. No matter what profession you study, what industry you are engaged in, your education, your age, we are all equal in terms of making money, and the threshold is as high. So if you want to make money, not to study that profession, but to understand the logic of making money. Similarly, when we do financial market trading, don't people who don't know technical analysis make money? On the contrary, many people analyze very well, but they don't make any money. I'm a very good example myself (sneaking). What you need as an analyst is rationality and rigour. As comprehensive as possible analysis of the market, away from the market can remain sober, not involved in trading to maintain reason. A person can have both trading and analysis skills, is a real master, but such a rare, Soros, Williams is a top master, but there are a few people think you can match them? So we look at the big institutions, but also the research team and the trading team separate, is to play their strengths. In terms of trading alone, it is not difficult. As the martial arts novel says: if you are very fast, you can beat the world invincible. Trading is the faster decision-making when the market changes, and if you think more, you lose the opportunity. But before trading, you need to understand the trend, know the trading strategy, set a take profit stop. Whose job is these? Analysts! So a team, an analyst and a trader all have to have it. But as a small investor, it's hard to build your own team. If you want to make money, see if you're a highly executive person. If not, advise you not to mix in this "head tied to the waist of the pants" market, it is better to find a safer way to manage money. If you have the potential of a trader, then the next step is to find a good analyst and keep tracking. Find your own rhythm and trading patterns and take analyst analysis to complete your own trades. Of course, this is only a theoretical analysis. In the real world, due to our cognitive barriers, we often misposition ourselves. Isn't it? How many people feel they are not a good trader?
CRYPTOCAP:TOTAL2Education
by peter-l