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BITCOIN NETWORKWhen Bitcoin was first introduced by the pseudonymous Satoshi Nakamoto in 2008, it generated a wide range of reactions and predictions from various sectors, including technology enthusiasts, economists, and financial experts. Here are some of the early predictions and opinions about Bitcoin: 1. **Skepticism and Dismissal**: - Many mainstream financial experts and economists were highly skeptical of Bitcoin. They saw it as a speculative bubble, similar to previous economic bubbles. For instance, economist Nouriel Roubini famously dismissed Bitcoin, predicting its eventual collapse. - Warren Buffett, a renowned investor, called Bitcoin "rat poison squared" and cautioned investors to stay away from it. 2. **Enthusiasm from Technologists**: - Among technologists and early adopters, there was significant enthusiasm. They saw Bitcoin as a revolutionary technology with the potential to disrupt the traditional financial system. The decentralized nature of Bitcoin and the underlying blockchain technology were particularly praised. - Hal Finney, a noted cryptographer, was one of the earliest supporters and received the first Bitcoin transaction from Satoshi Nakamoto. 3. **Libertarian Support**: - Bitcoin garnered considerable support from libertarians and those advocating for financial privacy and freedom. They viewed Bitcoin as a tool to circumvent government control and provide individuals with greater financial autonomy. 4. **Media Coverage**: - Early media coverage was a mix of curiosity and skepticism. Some articles highlighted the potential of Bitcoin to change the world, while others focused on its association with illicit activities due to its pseudonymous nature. 5. **Comparison to Gold**: - Some early proponents referred to Bitcoin as "digital gold," emphasizing its potential as a store of value. This comparison was made due to Bitcoin's limited supply (21 million coins) and its potential to act as a hedge against inflation and economic instability. 6. **Volatility Concerns**: - Many critics pointed to Bitcoin's extreme volatility as a major drawback, arguing that it would prevent Bitcoin from being used as a stable medium of exchange or store of value. Here are a few notable early quotes and predictions: - **Satoshi Nakamoto (2008)**: "I've been working on a new electronic cash system that's fully peer-to-peer, with no trusted third party." - **Hal Finney (2009)**: "Thinking about how to reduce CO2 emissions from a widespread Bitcoin implementation." - **Paul Krugman (2013)**: "Bitcoin is evil" - reflecting his strong skepticism and belief that Bitcoin would not succeed. Despite the mixed predictions and opinions, Bitcoin has grown significantly since its inception, influencing financial markets, inspiring numerous other cryptocurrencies, and sparking widespread interest in blockchain technology.
BITSTAMP:BTCUSDLong
by TrojanBible
ATRSL & ATRTPYou checked the daily pattern, today is a uptrend day. On 30m & 5m chart, you draw out support & resistance levels. Current price is at the middle. You already have a good pattern price that has recenty formed a possible swing low. You checked the ATR levels at 1.25. You set the ATRSL (ATR + $1 SL, then the ATRTP (1 ATR). (Here you forgot to put the 2nd level ATRTP...is it even necessary?) The price moves slowly.. Threatening to touch but did not and price move slowly towards ATRTP. After a time, price still did not touch ATRTP or ATRSL. But moving towards ATRTP. This means new buyers are entering the markets. You can find new patterns and ATR levels after a while. You can enter new positions now or increase/decrease your ATRTP levels now. At the ATRTP, price can either reverse or continue. It depends on the price action most recently after you have entered the position. If there are obvious targets of ATRTP and S&R, price will go on. It is better to set the ATRTP level as it is difficult to catch sudden jumps in price that is only few seconds...
PEPPERSTONE:XAUUSDLong
by amir_putra
HARMONICS IN MINUTESThis style is Hedge trading, creating a full sized risk free position in both directions. Closing 50% of each position at 2R creates a risk free position, should price move to the stop loss, profit for each position would be 0.75R Closing 50% of each remaining position at 4R Secures 2R profit on all positions, should price move to the stop loss, profit for each position would be just over 1.9R Closing 50% of each remaining position at 8R Secures 3R profit on all positions, should price move to the stop loss, profit for each position would be 2.875R
by Cryptsyxalt
ETHUSD 15M (OR 5M) Day Trading Cryptocurrency Day Trading Cryptocurrency – How To Make $500/Day with Consistency Would you like to learn day trading cryptocurrency and make a consistent $500 per day? We often hear about all the money you can make by day trading stocks. But what about crypto day trading? In today’s lesson, you’ll learn how to day trade cryptocurrency using our favorite crypto analysis tools. Our team at Trading Strategy Guides is lucky to have over 50 years of combined day trading experience. We’re going to share with you what it takes to day trade for a living, and hopefully, by the end of this trading guide, you’ll know if you have what it takes to succeed in this business. First and foremost, when day trading, it’s essential to have a structured approach and a rule-based strategy. The same as swing trading or positional trading you are not going to trade every day, and you’re not going to make money every day. So, you need a day trading cryptocurrency strategy to protect your balance. The high volatility nature of Bitcoin and other cryptocurrencies has made the crypto market like a roller-coaster. This is the perfect environment for day trading because during the day you’ll have enough up and down swings to make a decent profit. Moving forward, we’re going to teach you what you need to learn how to day trade cryptocurrency and we’re going to share some out-of-the-box rule-based day trading strategies. How to Day Trade Cryptocurrency The crypto market’s unique characteristics require you to have a firm understanding of how it works. Otherwise, your experience can be like skydiving without a parachute. The good news is that we’re going to provide you with everything you need to survive crypto day trading. Day trading the cryptocurrency market can be a very lucrative business because of the high volatility. Since the crypto market is a relatively new asset class, it has led to significant price swings. Before day trading Bitcoin or any other altcoins, it’s prudent to wait until we have a high reading of volatility. The good news is that even when we have a low reading of volatility relative to other asset classes, this volatility is still high enough that you can generate a modest profit on your trades. Crypto day trading also requires the right timing and good liquidity to make precise entries. A lot of the cryptocurrencies and crypto exchanges are very illiquid and don’t have the liquidity to offer instant execution that you might find when trading Forex currencies. Before day trading Bitcoin or any other alt coins, it’s also important to check how liquid the cryptocurrency you wish to trade is. You can do so by simply verifying the 24-hour volume of the crypto trade. CoinMarketCap is a good free resource to read and gauge the market volume of any particular coin. Note* Always remember that not having enough liquidity could lead to substantial slippage and subsequent to bigger losses. As previously stated, crypto day trading doesn’t require trading every single day. We only like day trading cryptocurrencies when all the conditions align in our favor. In this case, avoid trading on weekends and limit trading only on the highest-volume days. Crypto Day Trading Strategy The idea behind crypto day trading is to look for trading opportunities that offer you the potential to make a quick profit. If day trading suits your own personality, let’s dive in and get through a step-by-step guide on how to day trade cryptocurrency. Now, before we go any further, we always recommend taking a piece of paper and a pen and note down the rules of this scalping strategy. In this article, we’re going to look at the ‘buy’ side. Pick up Coins with High Volatility and High Liquidity As previously discussed, the number one choice you need to make is to pick coins that have high volatility and high liquidity. If you’re not day trading Bitcoin, which is the most liquid coin out there, and you like the altcoins, try to pick those coins that have good liquidity and volatility. There are more than 1600 coins on the market and growing. By following only the top cryptocurrencies, you’ll reduce your area of selection. Day trading smaller cryptocurrencies can also be a very lucrative business, but there are higher risks. Remember, crypto prices can crash just as fast as they have risen. Step #1: Apply the Money Flow Index Indicator on the 5-Minute Chart This specific day trading strategy uses one simple technical indicator, namely the Money Flow Index. We use this indicator to track the activity of the smart money and to gauge when the institutions are buying and selling cryptocurrencies. The preferred settings for the MFI indicator are 3 periods. We’re also going to alter the default buying and selling levels from 80 to 100 and respectively from 20 to 0. Step #2: Wait for the Money Flow Index to reach the 100 level An MFI reading of 100 shows the presence of the big sharks stepping into the markets. When buying, smart money can’t hide their footsteps. They inevitably leave tracks of their activity in the market and we can read that activity through the MFI indicator. Technical indicators aren’t always right, so in order to fine-tune our day trading strategy, we’ve added a few more conditions. Namely, during the current day, we need to skip the first two MFI readings of 100 and study the crypto price reaction. The price needs to hold up during the first and second 100 MFI reading. If the price drops after the first two MFI 100 readings, then this suggests that most likely we’re going to have a down day. Let’s now determine the appropriate place to go buy Bitcoin and what are the technical conditions that need to be satisfied. Step #3: Buy if MFI = 100 and if the subsequent candle is bullish We can now wait for the third MFI reading above 100. It doesn’t necessarily have to be the third MFI = 100 reading, you can take every other MFI = 100 readings. If your time doesn’t allow you to catch the third 100 reading on the MFI indicator, you can simply pick the next one as long as all the other technical conditions are satisfied. Next, we also need the candlestick when we got the MFI = 100 reading to be a bullish candle. The close of this candle needs to be near the upper end, giving us a candle with very small wicks. Step #4: Hide your protective Stop Loss below the low of the day. Take Profit during the first 60 minutes after you opened the trade. The obvious place to hide your protective stop loss is below the low of the day. A break below it will signal a shift in the market sentiment, and it’s best to get out of the trade. This can also signal a reversal day. Step #5: We’re more flexible when it comes to our exit strategy. However, the only rule you need to abide by is to take profits during the first 60 minutes or the first hour after your trade got triggered. Holding the trade longer than one hour will result in a lower success rate. At least that’s what our backtested results showed us. Conclusion – Crypto Day Trading If you took the time to read the whole day trading crypto guide, then you should be able to buy and sell Bitcoin and alts and make some daily profits. If you are interested in learning how to day trade cryptocurrency, be sure to equip yourself with enough information before diving into the market. Crypto day trading can be a great way to grow your crypto portfolio and it’s a very lucrative alternative to the holding mentality that it’s crippling the crypto community. Making a living day trading cryptocurrency can be a lot easier due to the high volatility nature of the crypto market. High volatility suits day trading very well, so you have the right environment to succeed.
COINBASE:ETHUSDEducation
by Tradingstrategyguides
CADJPY 15M MFI DAY TRADING STRATEGY WORKS ON FOREXThis is a great Day trading strategy What ever session you trade this will work Best on 5m charts but all TF work Rule 1 - add MFI to chart and change these settings - Length 3 / Levels 0/100 Rule 2 - I like to add the 50 ema to determine what direction I want to trade Rule 3 - Wait for MFI to hit the 100 level twice if bullish bias trade Rule 4 - Buy when MFI hits 100 3rd time and there is a green candle close also Rule 5 - SL nearest fractal low Rule 6 - you determine TP strategy
Long
by Tradingstrategyguides