what are your signals telling you last evening and today?
Bitcoin Price Thread
- Thread starter Magna
- Start date
what are your signals telling you last evening and today?
So just winging it then... i see...
Looks like she forgot to post the part that goes something like, "As a selected journalist we just need a small deposit from you, as a show of good faith andto allow us to fulfill our mission..."
being neutrally biased and being able to correctly identify continuation and change of any given instrument is key to increasing profit velocity. every liquid market moves though a well-defined order of events.
you correctly identified continuation in the dominant down trend on Monday as price failed (on relatively decent volume) to breakout of the intermediate down channel which began back on May 6th, but when prompted to get your input, you failed to identify change as all down sequences completed Thursday evening and a new dominant trend was taking shape.
every liquid market moves through an order of events and telegraphs its intent as these ooe's complete. one by one the cards fall until there is only one outcome remaining. Either continuation or change, the markets offer is there for the taking.
where are we?
where are we going?
how fast are things changing?
questions we are asking ourselves throughout the routine to have certainty
a complete and systematic approach is required to see the markets operation. these folks are studying such an approach:
https://www.elitetrader.com/et/threads/on-10-case-geometry-and-beyond.310880/
best to you
Interesting article about crypto chips:
https://www.bloomberg.com/news/features/2018-05-17/china-s-crypto-chips-king-sets-his-sights-on-ai
https://www.bloomberg.com/news/features/2018-05-17/china-s-crypto-chips-king-sets-his-sights-on-ai
Bitcoin Mining
With Bitcoin mining nowadays being only barely profitable, if at all—a function of the relatively low Bitcoin price and the enormous cost of mining—it's surprising to see a major supplier of mining "rigs" preparing for an IPO. But Canaan Inc. is apparently doing just that. According to Reuters, Canaan is pitching itself as a chip company rather than a Bitcoin company, associating itself with markets beyond the cryptocurrency world. Reuters
With Bitcoin mining nowadays being only barely profitable, if at all—a function of the relatively low Bitcoin price and the enormous cost of mining—it's surprising to see a major supplier of mining "rigs" preparing for an IPO. But Canaan Inc. is apparently doing just that. According to Reuters, Canaan is pitching itself as a chip company rather than a Bitcoin company, associating itself with markets beyond the cryptocurrency world. Reuters
Bitcoin $7500
Is the end of bitcoin is near?
Is the end of bitcoin is near?
Trading any commodity is risky but still we can make some good bucks while trading and since bitcoin is getting hell volatile so i would surely prefer trading this commodity.