- Sep 17, 2019
- 22,370
- 35,408
- AFL Club
- Richmond
- Moderator
- #8,826
bear trap
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They're pretty difficult trading conditions. You're doing well if you're in the green.Thanks.
Ive had half of my stack in USDC all week as every thing has been moving down, and wondering how the Greyscale news will effect the market. Ive just been trading in and out of coins trying to find small profits.
They're pretty difficult trading conditions. You're doing well if you're in the green.
RSI and MACD are good and well established volume indicators. I’m finding RSI a lot more reliable at detecting overbought/oversold markets, especially looking back over historical data as well.Agree and it's something I've learnt this week, that it's very difficult while things are averaging down. Wednesday I was doing great, but ever since it's a struggle. I'm probably down 2%.
Found this volume indicator https://agile-cliffs-23967.herokuapp.com/binance. Would be more helpful in a bull market
Have seen these big money transfers onto/off exchanges having little impact on price lately, just feels like a bear trap.Probably. Large coinbase inflows indicate that smart money is selling.
Possibly. Either that or big players are exiting before stablecoin regulation. One theory going around is that the recent NFT pump was due to money laundering.Have seen these big money transfers onto/off exchanges having little impact on price lately, just feels like a bear trap.
Where did you hear about stablecoin regulation? Are you referring to the AXS pump?Possibly. Either that or big players are exiting before stablecoin regulation. One theory going around is that the recent NFT pump was due to money laundering.
Never a dull moment in crypto.
Thanks. That's a new thing for me and having a quick look it does seem to help, looking historically.RSI and MACD are good and well established volume indicators. I’m finding RSI a lot more reliable at detecting overbought/oversold markets, especially looking back over historical data as well.
They're both common trading indicators for the traditional stock market as well and have been around a long time.Thanks. That's a new thing for me and having a quick look it does seem to help, looking historically.
Where did you hear about stablecoin regulation? Are you referring to the AXS pump?
The reason I’m most bullish is due to how low the retail sentiment is on Twitter, that’s exactly when price does the exact opposite and catches people off guard. Retail sentiment after the 2018 crash was still bullish for a couple of months, which is a complete opposite to now. Will be so many that buy high and sell low again. Even neutral posts are getting slammed as hopium on Twitter.Social media reminds me that many people don't have the term "accumulation phase" in their crypto vocabulary.
The reason I’m most bullish is due to how low the retail sentiment is on Twitter, that’s exactly when price does the exact opposite and catches people off guard. Retail sentiment after the 2018 crash was still bullish for a couple of months, which is a complete opposite to now. Will be so many that buy high and sell low again. Even neutral posts are getting slammed as hopium on Twitter.
I honestly don’t get what is happening right now. 32k seems like a major resistance level, but the RSI on the hourly isn’t even close to showing it as overbought at that price. If you look over the last week, the price just bounces between 31-32k.
Seeing all the selling and buying alerts on twitter, Doge, XRP and Link seem to have the biggest buys, with Doge being the biggest I've seen today
so yeah, whales are loading up it seems, hopefully bounce soon.
Seeing all the selling and buying alerts on twitter, Doge, XRP and Link seem to have the biggest buys, with Doge being the biggest I've seen today
so yeah, whales are loading up it seems, hopefully bounce soon.