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BTC IS GOING TO TANK!! SELL OFF COMING!Fullly aware that crypto market is in the dirt right now. Common sense is that even with a larger 1 trillion market cap price is still falling. which means all previous price data is inaccurate representation of its true value. aka a bubble. this leads to new price discovery around the 10k mark. when price gets below 15k we will see a massive pull out of retail traders allowing institutions to come in with regulatory changes. If in fact this prediction is correct, this will be a continuation of a bear market. Expect news of china and Russia continuing war efforts against Taiwan and Ukraine. The true value of bitcoin is probably around 4 to 5k. I expect to see btc being worth 9k this year. I personally dont think the community in crypto is as smart as think. that being said, despite my btc price prediction. I think that the us stock market is going to go up higher. Typically they have been correlated to a high degree but i dont think now that that will be the case going forward. But I will be taking shorts on the stock market as well to make sure I am balanced in case of a sell off. Side Note::: If btc breaks above 25k this week I will have to change my mind. I see 25k as a huge psychological level. as we went from 27k to 21k in a matter of days previously. and Have not returned to 27k in over months. happy trading. I have posted a video about this long term trend on my channel! Take care!
BITSTAMP:BTCUSDShort
by LiveTradingHouse
UFI - Textiles and Leather GoodsHEEEEYYYYYYYYYYYYYYYYYYYY This is going to be a tutorial on something as much as it is just me writing notes on something i would like to play. -- What does the phrase "something I would like to play" mean? ---- It means, i saw that throughout the weekend, this particular companies stock went up in price. It's cheap, and it has enough people involved in the movement of the price that it will make a good jump in a certain amount of time. Whether that jump is going to be UP or DOWN is going to be analyzed by a couple of techniques that I've learned. Since I'm a super noob and all my experience is youtubery and apps and whatever, I am making this specifically for me to teach you(mah daw Ki) and to teach myself what I know. Lol. In this method, we can keep a record and track it later, plus open up to others experience. Let's get to it. This is the basic chart of the entire lifetime of the stock. Red is down, Green is up.
NYSE:UFIEducation
by jurt
Everyone's a Trading Legend... except when they're notThere's a concept in game theory called the Nash Equilibrium . It can be applied to any game and determined with algorithms but there may be none, there may be many or there may be one we don't know how to find yet. In the game of trading/investing, Everyone (who is rational) would be looking to maximize their own gains with regards to everyone else doing the same in a game where there's little communication available widely other than charts. However humans do not necessarily act rationally. In an area where most traders are the "Mum and Dad" types with no institutional experience, we can see firsthand how emotions are affecting trades. One such emotion is the most important of them all. Ego . You could be scientific and believe in random walks, you could be more empirical and believe in Elliot waves. One common thing between all of them is: We don't like to be wrong. We don't like to suck at predicting markets when we've fuelled them with our hard earned money. We would rather insult others than to make profits. We would rather see the world burn than to see our shorts get liquidated. However, that's irrational . This is the behaviour of most top Technical analyses ranked in the main page of this website. They really hate to be wrong. They carry the sheer weight of ego that comes from being featured in a very prominent website. It's not their fault they hate to be wrong. But they will be. They're only human and they're sharing their advice (or counter advice - unethical) for free. My advice to you is: Try to be consistent, have a strategy and don't be too predictable. Your strategy may suck but this is an evolutionary game where at each round you can change your strategy. Everyone knows a downward market is going down, if you're a whale you can destroy that same "everyone" if they acted predictably with their stop losses and shorts. Come up with new strategies that suit you and make profit for you . The objective of the game is not to win. It's to profit. There's a big difference. As for TA: Understand oscillating patterns and indicators. most natural occurrences in the world of engineering can be explained with the Fourier series. A series of oscillators with differing weights. Oscillators are just awesome. There's no great trader. Investing is an area where you carry your ego and its' weight might crush you. You're always sometimes going to be wrong and sometimes right.
BITFINEX:BTCUSDEducation
by Predicitron
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