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Btcbrl

Spread between Exchanges BTCBRL (Foxbit x MercadoBitcoin)In order to summarize an opportunity that pops up once in a while, I´ve seen that due to a disparity across exchanges (liquidity, fees charged and wallet availability) they´ve must have a perpetual difference in prices, however, no more than 3%, MercadoBitcoin higher than Foxbit. Why? 1) MercadoBitcoin charges 1.99% over deposits in BRL. Foxbit doesn´t. (+1.99% spread) 2) MercadoBitcoin charges 1.99% over withdraws in BRL. Foxbit charges 1.39% only. (+0.6% spread) 3) MercadoBitcoin charges 0.3% for passive orders and 0.7% for active order. Foxbit charges 0.25% and 0.5%, respectively. (+0,05% //+0,2%) Obs: Suppose that you have at least 1 BTC (MercadoBitcoin only allows deposits and transfers for 1 BTC) and that fees paid for miners will be the same. So, summing them up it means that MercadoBitcoin have +2.8% cost incurred in its price, meaning that if prices have distortions more than +2.8% it signalizes gains for the following trade: Long BTCBRL on MercadoBitcoin // Short BTCBRL on Foxbit. Any comments/tips are highly appreciated.
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by RafaelMenicucciGomes
1
bitcoin head and shoulders (or double top?!) great risk reward Of course this R/R is very high and tempting! Just dont over leverage. Every trade allowing yourself to make a loss very soon is also nothing sustainable and rather a gamble than meaningful. (Probably in retrospective most of all your losses were completely unneccessay. Trading less you would have missed gains too but is psychologically rather wrong than right, even if your result is positive, isnt?) Only trading robots who make 10000s of trades are not a gamble but humans can not catch up to their speed. We have to admit that the opportunity of bitcoin at $1 is long gone. It was "Risk/Reward" better than 1 / 5000. But only if you'd assume it was possible to go to zero at all. Else there is this important difference: No Stop-Loss needed, no liquidation possible. So then it was much better / beyond all comparision, if you would have been sure in 2011, that you can sell it at similar or higher price at least (and only requiring patience at worst) It really is/was a dream, not just a trade. And maybe we get the chance to take more such great opportunities in life, (even though it wont logically possibly be called bitcoin again!:D) You can invest in dreams. You can invest in the people who still live on only $1 a day or $2 They are at least 100 times more than bitcoin users (and not voluntarily). Yet bitcoin users alone could fix all their problems and receive a lot return of investment still. It makes me feel much less entitled of all uneccessary risks.
BITSTAMP:BTCUSDShort
by fineregex
10
BTC/BRL (Foxbit) – 4hrFibonacci Extension from previous 2 lows to previous ATH confirms consolidated support at ~14.100 with next support/resistance at ~14.500. Next leg up takes us to ~15.000 psychological resistance and fib extension with final bull-run resistance at ~15.700. The Brazilian markets have a tendency to play catch up, and when they do, they usually overshoot targets in both directions, but particularly on the downside. We see less volume to support this bull run than previous runs, however there's still enough to push us to ~15.000 in my opinion, or at least close to it over the coming days. If you're not already in, we may head sideways for a day around the 14.500 support line. On the hourly chart entries in the cloud 14.270–14.380. Should this trend line hold, we'll arrive at the 15.000 mark by 6am tomorrow morning (Brasilia Time). The only way I can see this happening is when Asian markets come online and push this bull further throughout the night. If we make 15.000 by tomorrow morning, expect a pull back to to 14.500 before continuation of trend.
BLong
by billaddison
4