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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
EW Analysis: Wave structure Suggests Limited Downside For BTCHello traders! After that deeper corrective decline called double zig-zag W-X-Y pattern on Bitcoin , it's time to take a look at potential support levels. We decided to take a look at Bitcoin dominance ( BTC .D) against the ALT dominance (OTHERS.D), where we clearly see a corrective decline in wave 4 that can find support soon, ideally around previous wave »iv«, 38,2% Fibonacci retracement and 14.00 – 13.50 area. So, seems like BTC Dominance will come back, which can be supportive for Bitcoin , especially if ALTs are looking for the potential support or bottom, but according to dominance, BTC should be still doing it better than ALTs! We also decided to take a look on BTC Futures chart, because it's more accurate than those from exchanges. As said above, we are tracking a double zig-zag W-X-Y corrective pattern, which can be approaching the end soon, ideally once BTC .D/OTHERS.D chart finds support. From technical perspective, previous wave 4 and 61,8% Fibonacci retracement are actually ideal support zone and if we also consider an open GAP from May, which usually acts as a reversal point once it gets filled, then we should be really aware of a potential bounce around 7000 area, specifically 7400 – 6300! As always, the count always needs to be confirmed, so we will be watching very closely when/if comes into the support zone . And, if BTCUSD is really going to rebound in strong and impulsive manner later, then we will be looking for longs, but until then we have to patiently wait! Trade smart! Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
CRYPTOCAP:BTC.DEducation
by ew-forecast
1
What can we learn if BTC decouples from ALTs & Dominance drops?This last move was important to pay attention to and be aware of whats going on in the markets. Bitcoin has been dominating the landscape for some time and for good reason. It has the most exposure, it has large funds being able to invest in it, etc, etc.... People were creating ways to get into the crypto craze and found ways to do it. I am not hear to pinpoint on exactly when to get in. I am hear to tell you that if you are sitting on the sidelines mulling around whether or not it's a good time to get in, please consider this chart. I can throw most any major alt coin and the result will be similar as to the eth and ltc comparison. AS BTC dominance drops, the ALT's rose, along with BTC for that matter. If we are going to have a massive alt season 2, this will be the time to get in and HODL. If you are targeting ETH, will it matter if you get in at 150, 200 or even 250 if it goes to $1,200? No, it won't. If you wait for more confirmation, you could possibly miss a large move to the upside. Maybe it goes down more before it goes up, no one knows. If we take a step back for a moment and look at bitcoin dominance we can see what story it is telling. The first and most obvious is that when BTC domiance dropped in 2017 prices started to increase. It's important to notice that this happened MID 2017, but people consider the bull run to happen late 2017 if not the beginning of 2018. But if you invested then you were late. You were showing up to the party as the police were arriving. Not a good time. The BTC dominance MACD is just about to arc over and cross. RSI is very much oversold. The BTC halvening is approaching next year, there are massive advances in crypto, etc... The decoupling exposed itself this last rally when almost EVERYTHING moved up and BTC stayed flat. Of course everything has corrected a bit, but that is to be expected. There are signs they are decoupling and if so it could be worthwhile to begin to take positions for a move up. Almost EVERY cross (ETH/BTC, LTC/BTC, etc..) are at all time lows, priming the pump for another ALT season. Ask yourself this... If ETH went down to $150 even if you bought at $200, would you be angry at having to ride it out? Or more angry if you hadn't bought at $200 and it moved up to $300, or 500? Make sure you evaluate your plan, whether trading or hodling and know the potential of what is going on. Stay disciplined. Could BTC go down to 7k?Could it drag everything else down with it? Very possible, and it's what I have thought until this latest move. Because what if it decouples from alt's and those stay stable or even move up? As evidenced by the recent moves? Compare the latest ETH chart to BTC. It looks like BTC is moving down and ETH to the upside... It will be quite interesting to see where we go and I hope I provided some insight and help for your positions or trading. Best of luck trading and hodling -Sherem
CRYPTOCAP:BTC.DEducation
by Sherem
5
Faaalling Bitcoin? Cup and Handle + Volume AnalysisThis is a daily chart for BTCUSD on Bitstamp. The most obvious thing I want to highlight is the battle at the 0.382 Fib level. It is very very common for an asset to have a few checks and tests off of 0.382. And BTC is no exception. For the past few months, we've witnessed a battle between Bulls V Bears at 0.382. Now, bull and bear volume has been declining. Who will take over? It seems like the technical bearish pattern Cup and Handle has surfaced. The Cup and Handle target is projected downward, equal to the distance between the neckline and the highest point of the Cup and Handle. This projection takes us right around the 0.618 and 0.786 levels. These levels are very common to show reversals . And around this level, the price is around $6K. Funny, this is around double the last bottom ($3.1K). Why am I bringing this up? Remember, if you consider Bitcoin as a commodity, then you must remember that a commodity's price will gravitate to its cost of production over time . With difficulty increasing, we know that CoP will increase over time, and that BTC will have higher bottoms , at least for the short to medium term. So, it makes sense for BTC to follow this Cup and Handle projection. But remember, the market can do any damn thing it wants; we'll just have to wait and see ;)
BITSTAMP:BTCUSDEducation
by realcapmillen
Bitcoin - There's Levels to This! Fibonacci & Cluster AnalysisThis is a 1-hour chart of BTCUSD on Bitstamp. From the high this past July to the current price, it is clear that price is pivoting back and forth between key levels. Those key levels are: - 0.382 - 0.5 (not a Fib level but still a useful level of support/resistance) - 0.618 - 0.786 - 0.886 From the Fib off of the high around $13.9K to the low around $9K, we see clustering around the following levels: - 0.382 - 0.618 From the Fib off of the low around $9K to the high around $12K, we see clustering around the following levels: - 0.786 - 0.886 From the Fib off of the high around $12K to the low around $9.3K, we see clustering around the following levels: - 0.5 - 0.382 I think it's paramount to study and trade off of levels. Use levels along with price action, market structure, volume, and location. Otherwise, if you just rely on indicators, you are simply guessing where price could go. Indicators tell you about the PAST. It's time to get smarter with our trades.
BITSTAMP:BTCUSDEducation
by realcapmillen
HOW TO READ THE BTC DOMINANCE CHART AND WHY YOU SHOULD USE IT!So, the title is obvious. Why should you be using this chart. Well unless you want to keep your Bitcoin, pin your ears back. When BTC dominance is going up and keeps going up it means only one thing. Bitcoin is moving faster than alt-coins meaning your alt holdings are bleeding BTC at a heavy rate. Too many people think they are winning in this industry because USD is up... When in actual fact they have lost a couple of BTC without noticing. So take note of the dominance chart. Set an alert within a trend. If it is going down, look at altcoins to trade. If it is going up hold Bitcoin.
CRYPTOCAP:BTC.DEducation
by CryptoMobster
3
Xlm the second countcount 21 of 2 It's still in a regular ABC correction from the 1st wave & wave 3 is about to start. Trading in a nut shell = right about direction, but stopped out repeatedly from fear, bad ta, & over leveraged before the big move. Investors scale in and beat your a$$ Previous set up was beautiful but alt szn has not started yet and btc is still dragging them around from correlation. Lets get complex and learn! Ill update a thread with intra-day trade on my twitter in tv bio
Education
by ChaseWallace
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
How to code EMA, understand it by code : Bitcoins :BTCUSDWhat is EMA ? Ema is known as exponential moving average, it comes from the class of weighted moving average. It gives more weightage to the recent price changes, thus making it much more relevant to the current market analysis. Also it provides a dynamic way of calculating support and resistances in a trend following setup. The most common way to mint profit out from the market is to use trend following setups which can be easily achieved by using a group of EMA’s So how’s this EMA calculated ? Before understanding the calculation of EMA let’s look into a much wider topic: “The Law of Averages” It states : If you do something often enough a ratio will appear, simply put, any time series data, tend to deviate from its average. EMA provides a way to statistically calculate the exponential moving average for a provided time series data giving much more emphasis on the most recent data in the series. So in the 17th century, when the people were playing with numbers in their free time, they came up with a statistical strategy to envelop any time series data to detect the direction of the data flow , they called it exponential moving average. Later in 1940’s with the increase in signal processing requirements in the field of electronic devices scientists started using Exponential moving average onto the electronic signal followers, just to classify the signals as above or below a moving/dynamic threshold. So EMA is a smoothed time-series data. The simplest form of EMA Smoothing can be given by the formula: S(t) = alpha * X(t) + (1 - alpha) * X(t - 1). The value of alpha must lie between 0 and 1 Where alpha , is the smoothing factor X(t) , is the current observation data point X(t - 1), is the past observational data point. t , is the current time Generally, In current day trading setups for EMA the alpha is calculated by alpha = 2 / (time period window + 1) Things to note here is that the alpha calculated above is the most generally used factor calculation method for EMA , You can tweak the alpha function above until it gives value between 0 and 1 for example alpha can also be written as alpha = ln ( current price / past price ) Note it’s just a weighing scheme, But for Our Case of EMA We will be using alpha = 2 / (time period window + 1) Please refer to the script code : SHARED HERE
BITFINEX:BTCUSDEducation
by Tradetherightway_org
BTC - Be cautious of the 5th wave. Elliott Wave Psychology Elliott Waves are derived from human psychology of Greed/Fear. Take care when U trade/long 5th waves, most retail traders tend to FOMO here because they missed the initial waves Note that 5th wave in turn has 5 subwaves, DONT long the 5th subwave of the 5th wave Reference:- www.profitf.com Here is an example of possible waves for BTC with the recent uptrend. Where was your entry? Where do you plan to exit? Here are my thoughts Entries 1) The best, most profitable long entry is at the beginning of wave 1, but its very hard to catch the bottom 2) Wave 2 is good for entries as you can set a stop loss at beginning of wave 1 (In EW, wave 2 can't go below wave 1) 3) Beginning of wave 3 is also a safe area to long, especially when price crosses wave1 top. This is least profitable entry, but safer and easier Exits 1) Wave 3 top is a safe exit, especially if you entered in wave or wave 2 2) Subwave 3 of the 5th wave is a profitable place for exit but little risky 3) 5th top is the most profitable exit, but also the hardest and riskiest. IMO not worth the extra profit as its always hard to catch the tops 4) 4th waves are usually triangles and tend to be hard to trade There is always corrective waves (usually ABC) after 5 wave are done, if you weren't able to exit during the 5-wave uptrend, it is ok to exit during the beginning of the A or during the deadcat bounce of B wave Note that B waves are perfect bull traps, easy way to recognize them is that they have only 3 subwaves instead of 5 subwaves Hope this helps! Please leave a thumbs up and love to hear your comments
BITFINEX:BTCUSDEducation
by imkeshav
6
BTC – A Subtle Art of Setting Stop LossesHi Guys! We are sure many of you lost money being discarded from your positions even though you correctly predicted the general direction of the price. It happened to us as well . Many times. After such event, you feel bad and temporarily freezes from entering the new position because of the fact you feel insecure and you lose your self-confidence . Unfortunately, many untrusted exchanges take their position in granted . They see the whole order book and they see our stop losses. The art of setting them properly is to set them where no other participants do the same. In such a place, it is very likely our position maintains and we earn money together with manipulative participants of the market. Unfortunately, that’s the way it is. The same happens on forex but not in the exchanges but on the brokerage level. Please take a look at the charts . Everything is described there. Please let us know what you think? Do you have any other interesting strategy? Remember set your stop-losses at the least obvious place . Thank you for reading and your time. MASSIVE Hugs! WBM Team.
BITFINEX:BTCUSDEducation
by WBM_Team
1