BTCUSD — Bitcoin Chart and Price — TradingView

BTCfx - Android Bitcoin Trading App with Live Candlestick Charts (Mt.Gox) BETA release

BTCfx - Android Bitcoin Trading App with Live Candlestick Charts (Mt.Gox) BETA release submitted by sacrelege to Bitcoin [link] [comments]

HUOBI EXCHANGE REVIEW

ABOUT HUOBI :
Huobi is a cryptocurrency exchange founded in China in 2013. Currently, Huobi is based in Singapore because this country has friendlier cryptocurrency regulations. The company is registered in Seychelles. Before leaving China due to a cryptocurrency ban, the exchange was responsible for 90% of Bitcoin trading volume in this country. Now Huobi is an international platform with offices located in Singapore, Hong Kong, the United States, Japan, and Korea. In China, the company provides blockchain consulting services. Huobi has sub-exchanges: Huobi Korea, Huobi US, etc. Huobi Global is the biggest Huobi exchange. In November 2019 Huobi Global had to shut down all the accounts belonging to the US customers due to strict cryptocurrency regulations of the USA. This exchange is one of the top 50 cryptocurrency exchanges by trade volume. On the Coingecko chart of exchanges, Huobi Global occupies the third position. The exchange has more than 500 markets and supports over 220 cryptocurrencies. As Huobi provides an option to buy cryptocurrency with fiat money, this exchange is a gateway for people who enter the cryptocurrency world .

FEATURES :
Huobi Global has a really wide range of functions. First off, this exchange provides an opportunity to buy cryptocurrencies with fiat money using a credit card and other payment means. This option is delivered in the over-the-counter trading section (OTC). There is a menu line in the upper part of the website. It begins with "But Crypto". That's where one can see the OTC offerings provided by Huobi. One can buy or sell the following currencies: Bitcoin (BTC), Ether (ETH), Tether (USDT), EOS, XRP, Litecoin (LTC), Huobi Token (HT), Huobi stablecoin (HUSD), and Bitcoin Cash (BCH). Please note, that there are not so many offerings especially for certain currencies. Normally there are many options for buying BTC or USDT. The prices and payment methods vary from one trader to another. You can pay with a credit card, some traders accept payments via Western Union, AliPay, and other services.
There is a cryptocurrency exchange with hundreds of crypto-to-crypto pairs. The exchange supports market, limit and stop-limit orders. It gives traders some control over the situation and helps to secure the assets from trading in loss to some extent. In general, the exchange interface of Huobi is quite generic.
Those who have experience of trading on several other exchanges will find the interface familiar. It has a trading view with a candlestick chart on the left and the list of orders updating in real-time on the right. Under the charts, there is an order history. Under the list of market trades, there is a section where users can place orders. The candlestick chart is powered with numerous analysis tools and indicators.
What makes Huobi Global more attractive for traders is the support of margin trading. In all margin trading pairs the currencies are traded against Tether (USDT). There are 6 cryptocurrencies that can be traded with x3 leverage: Bitcoin (BTC), Bitcoin Cash (BCH), Litecoin (LTC), XRP, Ether (ETH), and EOS.
Huobi Global is aimed to provide service both to small investors and institutional traders. That's the reason why the platform offers institutional accounts with special opportunities for corporate customers. Among these features, there are colocation options and other tools that provide the opportunity of seamless high-frequency trading. Additionally, institutional accounts can get special OTC loans.
One more feature is trading derivatives. Huobi provides two separate interfaces for that purpose: Swap trading and Futures trading platforms on Huobi DM. Moreover, it is possible to participate in IEO trading via the Huobi exchange. This feature requires the use of the Huobi Token.

ASSETS AND INSTRUMENTS:
As mentioned, there are two types of instruments that you can trade on the Huobi derivatives platform. These are your traditional futures as well as the perpetual swaps or futures.
With these instruments, you are trading crypto on margin. This means that they are leveraged and your exposure is often many multiples of the amount that you have put down as collateral.
Now that we have a brief understanding of leverage, let’s take a look at the instruments on offer at the Huobi exchange.
Futures are instruments that allow the holder to buy or sell some asset in the future. Essentially, you are trading some future price of the instrument on the chose delivery date. In terms of expiry dates, they have weekly, bi-weekly and Quarterly which settle every Friday. In terms of expiry dates, they have weekly, bi-weekly and Quarterly which settle every Friday. When it comes to the specifics of the contract, they differ according to which asset is being traded. You should also take a look into the contract specifics in the Huobi docs. This includes such information as the index reference for the prices as well as your last trading price. The latter can only be done up till 10 minutes before the expiry.
Perpetual swaps are leveraged instruments that do not have have a delivery date. They are marked to market everyday and settle 3 times a day. They are sometimes also called “perpetual futures” at other exchanges.
The reason that they are called “Swaps” at Huobi Derivatives is because you are swapping the returns of one asset for the returns of another. Here, you are swapping crypto returns for returns on the US dollar.
At Huobi DM, the Perpetual swaps have leverage up to 125x and they are written on 5 different assets. These are Bitcoin and Ethereum with other coins to be added soon.

HUOBI APPS:
Huobi mobile app for iOS and Android are available. Similarly, the Huobi mobile app features most of the functionalities available on the web platform also. You can even complete tasks like account registration and verification directly via the app. In Google Play, the Huobi Global app has an average rating of 4.1 stars out of 3,730 reviews. However, in December 2018 and January 2019, some users have said that the Android app won’t let them login due to an error with Captcha. On the Apple App Store, Huobi boasts an average rating of 4.9 stars out of over 4,800 reviews.

API :
For those of you who are programmers, you will be happy to learn that Huobi global API can be used on the Futures and Swap markets.
There is both a websocket as well as a REST version available. It is suggested that you use the REST for one off operation to trade and withdraw. You should use the websocket for market data & order updates. You should also note that you can be a market maker on through the API.
If you want to start using the API then you will to get yourself an API key. This can easily be done in the API management of your account dashboard. Here you can select whether you would like it to be a read-only, Withdraw or Trade. You can also bind an IP address to this API so you can ensure than no other person will use your account even if compromised.

HUOBI FEES :
Huobi has a 0.2 % fee that applies to both market makers and takers for amounts between $0 and $5,000,000 over the course of a 30-day period. In comparison, other top exchanges like Binance have 0.1 percent fees. Actually, it has a fair trading fees structure and easy to remember also. Meanwhile, GDAX has 0.3 percent fees.
In January 2019, Huobi Global launched a tiered fee structure that significantly reduces fees for higher-volume traders. This is relatively competitive when compared to other exchanges. Users also have the option to reduce trading fees on Huobi by becoming a VIP member. This involves paying a monthly payment of HT, which varies depending on the membership level (1-5).
Like most exchanges, Huobi has no fees on deposits. However, Huobi does have withdrawal fees minimums that vary from coin-to-coin. For example, withdrawing Bitcoin (BTC) costs 0.001 BTC, with a minimum withdrawal amount of 0.01 BTC. For Tether (USDT), the flat fee is 5 USDT. And the minimum withdrawal amount is 20 USDT. Overall, the meaning- Huobi fees are generally higher than most exchanges for lower withdrawal amounts. A few exceptions exist. For example, TUSD has a withdrawal minimum of $20 but a withdrawal fee of only $2.

IS IT TRUSTWORTHY?
In contrast to other exchanges, Huobi receives a favorable score. First of all, it is incorporated and operated from Singapore. As we all know crypto regulations are advanced there. And promote blockchain startups always. Second, Huobi does provide users with multiple ways to safeguard their accounts. Although it is not enough. Essentially, 2-factor authentication is available using both SMS and authenticator apps. The platform does not require any special confirmation if the account is logged into from an unfamiliar IP address or location. There is no option to whitelist addresses for asset withdrawal, allowing funds to be sent to any address input. Furthermore, Huobi was never hacked. Even though they do present a lucrative target for attackers. Meaning, Huobi has adopted a decentralized exchange structure, which helps to resist DDOS attacks. And we believe the exchange takes these threats seriously and does everything in their power to protect the exchange from hackers. Also, Huobi does store user funds in cold storage to restrict access to them. Actually, the exchange stores around 98 percent of funds in cold wallets.

SUPPORT :
Something else that is crucial to the entire trading experience is the level of support that the exchange provides. There is nothing more frustrating than having to wait hours for response from support.
When it comes to Huobi, there are actually quite a few options to reach their customer support. Perhaps the quickest and most effective way is through their live chat function. Firstly, they will try to help you with the available resources. If that does not work then you can reach out to a live agent.

CONCLUSION:
So, in summary. We really liked the Huobi futures products. It is not only highly functional but is also secure and leverags the expertise that the team have at the main Huobi exchange.
For the futures instruments, there is a decent range of assets and leverage. Markets are also pretty liquid and these are all traded on a simplistic yet technically able trading platform. It’s also great that you can trade on PC programs and mobile apps as well.
When it comes to security, they have taken all of the same precautions that are used on the main exchange. Their 20,000 BTC strong insurance fund keeps them well protected and they have not had a single clawback of trader funds since their inception.
Yes, there are areas for improvement but the exchanges is still evolving and building out functionality. One can only hope that they take trader suggestions into account.
So then, is it worth considering?
Well, if you are looking for a highly functional and secure futures exchange that is backed by one of the biggest names in the business, then it is well worth a try.

Huobi Website: https://www.huobi.com/en-us/topic/invited/?invite_code=czdh5
UID: 138138177
Huobi Indian Community: https://t.me/huobiglobalindia
Huobi Global Community: https://t.me/huobiglobalofficial
submitted by sreenthepotato to u/sreenthepotato [link] [comments]

Public APIs to download historic Bitcoin candlestick data from Binance, Bittrex, KuCoin, Kraken, and more.

Hi Everyone,
I've seen a lot of interest from people in this group to access historical Bitcoin candlestick data. To help everyone out, we've made all of our candlestick data public. That means you can access everything we have here:
https://developers.shrimpy.io/docs/#get-candles
You don't need to sign up for an account or anything. The data is completely public for use. Just call the endpoint in your browser to test like this:
https://dev-api.shrimpy.io/v1/exchanges/binance/candles?quoteTradingSymbol=BTC&baseTradingSymbol=LTC&interval=1H
Try a few different pairs, exchanges, and candlestick sizes - I think you will find it pretty exciting! You can of course plot this data as well. We have some examples of how to plot candlestick data here.
I'm happy to answer any questions if you have some. Looking forward to hearing your feedback!
We also have endpoints for live order book snapshots, market data, trade websockets, and more. You can find our full guide on how to make a crypto trading bot (with all these different data endpoints) here.
submitted by ShrimpyApp to Bitcoin [link] [comments]

/r/ethtrader quickstart guide - Acronyms, Jargon, and Personalities.

Hi there new ETH investor and/or new /ethtrader community member! Glad to have you aboard. We are a pretty lively bunch around here; inside jokes, memes, and jargon run rampant.

I figured I would create a sort of glossary to help you figure out what the actual fuck we are talking about.

Acronyms (thanks decronym)

BGD: Big green dildo, as in a big green candlestick on the price chart.

BTFD: Buy the fucking dip.

ATH: All time high, the highest price of a thing ever, 1400ish for ETH.

FOMO: Fear Of Missing Out, the urge to jump on the bandwagon when prices rise.

DeFi: Decentralized Finance, MakerDAO and Dharma and stuff. Loans basically.

CDP: Collateralized debt position. A DeFi thing.

FUD: FeaUncertainty/Doubt, negative sentiments spread in order to drive down prices.

MEW: My Ether Wallet, a website to make and interact with wallets.

TA: Technical analysis, predicting the future of the price based on the past.

2FA: 2 factor authentication, its a security thing, a second password of sorts.

ERC20: The standard for tokens built on ETH.

POS: Not piece of shit, or point of sale. Proof of stake, the new consensus mechanism coming to ETH soon™.

ICO: Initial coin offering, the birth of a new crypto, usually an ERC20. Like an IPO.

IEO: Initial exchange offering, like an ICO, but typically a bit more scammy.

EZPZ: e_z_p_z_, more on him later...

BAT: Not the animal, Basic Attention Token

OMG: Not oh my god, well sometimes oh my god, but mostly OmiseGo. Pronounced OH-ME-SAY GO btw.

MKR: MakerDAO.

REP: There is too many tokens to list here, just google it you will figure it out.

DYOR: Do your own research. People want to steal your money. Make sure you know what you are buying.

LN: A silly bitcoin thing.

GDAX: The old name for Coinbase Pro.



Jargon

Bull: Confident the price will go up.

Confidant: misspelling of confident from e_z_p_z_. More on him later...

Bear: Confident the price will go down.

Cuecomber: Cucumber, another EZPZ classic. Can be used as in cool as a cucumber, or as in BGD (see? now you know what BGD means, damn this guide is helpful.)

The ratio: The trading pair ETH:BTC.

The flippening: The ETH marketcap being bigger than the BTC marketcap. Coming soon™ .

Soon™: The release date for everything crypto related.

Donuts: Like reddit karma but /ethtrader specific, and infinitely more valuable. Legend has it that if you get 10 million donuts Vitalik sends you 10 ETH for every 1 ETH you send him. The name comes from cyounessi's post here.

Moon: The price where you can buy a lambo.

Mooning: The price increasing rapidly. Maybe exposed butts depending on how you choose to spend your money.

Moonboy: A hopelessly optimistic/greedy person.

$13: The price was stuck here for a long time. Dark days for /ethtrader.

$420: The top of the bull market before last. Also weed dude hehehe.

$300: The price was stuck here for what seemed like forever. Oh how easy we had it back then...

$324: EZPZ's number. More on him later...

$80: The bottom of the previous bear market. We will definitely never see this price again.

HODL: Hold. From here.

SODL: Sold, same as above.

BUIDL: Build, you get the pattern.

Golden cross: Moving averages of prices crossing. A TA thing.

FIAT: Not the car. Fiat Money. USD, euros, pounds and so on.

Sharding: An ETH scaling method. Don't make sharting jokes, they anger Vitalik.

Ramen: The meal of choice when the price goes down.

Pamp: Pump

Bogdanoff: This. Just... Don't ask...

Weeks not months: In reference to Joe Lubin's prediction for ETH futures coming out. It has been 75 weeks since he said this.

The Winklevii: Founders of Gemini Exchange, the facebook guys.

Updoot the diddly: Or anything with that vague collection of letters, Upvote the daily discussion.

JT's fire pit: jtnichol posts pictures of food he is cooking in his backyard fire pit. Those posts make you hungry.

The DAO: Tumultuous times in ethereum history to say the least.Further reading here.)

Personalities

vbuterin: The founder of Ethereum. We really really like him.

Joe Lubin: Co-founder of Ethereum, founder of ConsenSys. Memes aside. We like him.

carlslarson: Creator of /ethtrader. Overall good guy.

jtnichol: A mod of /ethtrader. Overall sweetheart.

The rest of the mods: Too many to list. It's a great group of people. They won't give you any trouble if you aren't being a dick.

dcinvestor: DC is a smart guy with good opinions. We really like him.

E_Z_P_Z_ the undisputed meme champion. A genuine crazy person. Made a bad sell on the way up, and wrote lengthy posts about how ETH was going back to $324 multiple times a day for months, often times with terrible spelling and grammar. When ETH did hit 324 he became something like a local hero. He is the heel of /ethtrader and we all love to hate him.

lamboshinakaghini: A fool, not to be trusted.

scienceguy9489: He used to regularly post TA. Sometimes he was right, sometimes he was wrong. The crucial thing was that he was memeable. He started to get a bit of an ego going, and was deleting his posts that were wrong, and keeping the correct ones. He recently made a return to /ethtrader and made a post that ETH was going to moon on a certain day and it ended up not being correct, which was just fuel on the meme fire. He goes by etherdamus now and runs a private TA group which has a fee to join.

singlestateserenity: He posts a haiku in the daily every day until we flippen bitcoin. Reading a nice haiku is a pleasant way to start your morning.

Everyone else: Well you will see them around and catch the vibe. There are just too many lovable and hateable people to list.
submitted by LamboshiNakaghini to ethtrader [link] [comments]

Bitcoin/Altcoin live TA & discussion 24/7 streaming - BAT Verified Publisher

Bitcoin/Altcoin live TA & discussion 24/7 steaming

Hey fellow BAT fans,

Watch: https://www.youtube.com/watch?v=04gace0NmbM

Sub: https://www.youtube.com/channel/UCiuD3eNaZ95eSXImp_eSIww?view_as=subscriber

I started up a stream yesterday to provide something that REALLY helped me in my cypto journey.
When i started out in crypto i was lucky enough to find myself in a stream where an experienced TA would do live charting, all i can say is this was infinitely more valuable to my progress than reading about candlesticks.
So i decided to give back since that community has long fizzled out, by starting my own!
Please come hang out, idle, chat, ask questions, everything.

What to expect:
Live TA daily, spirited debates, and general shilling of crypto.

What not to expect:
Financial advice, a 'guru' who will walk you through trades.

Hope to see you all there!

TC
submitted by TCr0wn to BATProjectCreators [link] [comments]

04-26 23:13 - 'Anyone know how to create a custom "tradingview" like chart program?' (self.Bitcoin) by /u/cammofunk removed from /r/Bitcoin within 176-186min

'''
Hi there, I have an idea I would like to implement but need some advice, what is the easiest way to create your own candlestick chart with "live time" data and indicators (volume, other oscillators). I would like to pay someone to make me one with some custom script features for my trading style placed within the code. Any ideas/suggestions for doing this or where I should go to find reputable coders for it? Thanks!
'''
Anyone know how to create a custom "tradingview" like chart program?
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Author: cammofunk
submitted by removalbot to removalbot [link] [comments]

03-27 10:33 - 'The Fastest and the Safest Crypto-Trading Bot - WolfpackBOT' (self.Bitcoin) by /u/CapablePersonality3 removed from /r/Bitcoin within 46-56min

'''

[link]3
Trading robots are software programs that communicate with numerous financial markets and execute the trading automatic for users. The software makes investment decisions based on an algorithm that examines and evaluates market data. Typically, the data analyzed is trading volume, number of orders, price and time. With passing years, trading bots are becoming mainstream.
Why Choose Cryptocurrency Trading Bots?
Trading bots enable regular synergy with the financial market, thereby eliminating a majority of the tedious tasks of the investors. Users can also seamlessly adjust the software to monitor, analyze, and trade multiple assets in different markets.
Additionally, this trading software is emotionless. Therefore it won’t be influenced by the emotional fluctuations that often affects the trading decision of human traders. It has the potential of trading more efficiently than a human as it is capable of gathering and interpreting an enormous amount of data quicker and execute order much faster than human traders.
WolfpackBOT- An Out-of-the-Box Trading Bot
WolfpackBOT is a cryptocurrency trading software that is engineered to provide traders with mathematically precise and faster trade via proprietary trading algorithms, proprietary “Werewolf” Trading Analysis configurations, and tailored settings based on a unique trading style of a trader. It also allows users simultaneous trading access to all compatible cryptocurrency exchanges available to the bot.
Wolfcoin – Fuel to the WolfpackBOT
Wolfcoin is a currency that is also referred to as the utility coin which is redeemable for WolfpackBOT subscriptions, the WolfBOX Console, [WolfpackBOT]1 and Wolfcoin apparel and merchandise.
WolfpackBOT – Backed by Robust Features
Following are the trading features that makes WolfpackBOT stand out from its competitors:-
WolfpackBOT offers multiple Technical Analysis indicators, oscillators, configurations, and settings that are available in the Automated Cryptocurrency Trading Bots landscape. The software also extends Bollinger Bands, Double EMA, Elliot Wave, EMA, EMA Cross, Fibonacci Sequence, KAMA, MA Cross, MACD, RSI, SMA, Stochastic, Stochastic RSI, and Triple EMA.
WolfpackBOT features cryptocurrency shorting features that empower users to short their positions and obtain them back at lower prices, thereby optimizing their returns.
It shows the performance of the positions via a proprietary Hidden Bear Divergence Indicator. Crash Protection allows users to automatically scan and convert their positions to a steady coin, later buy them back into base currency, and resume trading.
WolfpackBOT allows customers to trade on various cryptocurrency exchanges simultaneously. Users can use a single bot to trade on multiple exchanges with one subscription package.
Candlestick charts are effective technical tools that combine data for multiple time frames into individual price bars, making market analysis more efficient. WolfpackBOT offers live candle scanning and automatically detect patterns.
They are essentially copyrighted trading algorithms that harness proprietary optimum settings to offer users a rewarding trading experience. Werewolf configurations can be modified depending on the existing market trends.
It a simulation of trading that allows users to test strategies to interpret their respective market performance in real-time without risking funds.
Market order covers buying and selling of order that is immediately affected at market prices. A limit order, on the other hand, is buying and selling of order at a fixed price. Lastly, a sniping order is a buy order that users acquire on a specific tick.
WolfpackBOT – Making Trading Effectively Automatic
[WolfpackBOT]1 is a next-gen cryptocurrency trading software facilitating users to execute trade faster by leveraging proprietary trading algorithms, proprietary “Werewolf” Trading Analysis configurations, and personalized settings catering to traders personal trading style. The software also enables trading access to all compatible cryptocurrency exchanges that are available to the bot simultaneously, thereby rendering traders precision, versatility, and effectiveness.
'''
The Fastest and the Safest Crypto-Trading Bot - WolfpackBOT
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Author: CapablePersonality3
1: wol*pac*b*t.co*/ 2: wol**ackbot*c*m/ 3: i.**dd.it*jvr1*yqps*o**.png
Unknown links are censored to prevent spreading illicit content.
submitted by removalbot to removalbot [link] [comments]

Cryptocurrency and Blockchain – Industry News – (04.12.19 – 04.18.19)

Total Market Cap, as of 04.18.19 at 12:00pm (PST): U.S. $180,255,017,087 (+4.29%)

Missed last week’s update? Click here

STORY OF THE WEEK

Binance, Kraken and Shapeshift de-list’s Bitcoin Satoshi’s Vision (BCHSV) from their respective platforms as a result of discontent with the behavior of one of its founders – Craig Wright.

CRYPTOCURRENCY TRADING SERVICES

• Japanese cryptocurrency exchange Coincheck adds Ethereum (ETH) and Ripple (XRP) to its OTC trading desk.
KuCoin announces non-custodial services of private keys utilized on its platform. This is made possible in partnership with cryptocurrency custodial start-up Arwen.
eToro announces the release of its fully regulated cryptocurrency exchange – eToroX. New platform will offer 10 different stablecoins and 6 digital assets, totaling to 37 crypto-to-fiat pairs.
Gate.io raises U.S. $64,000,000 in an IEO (Initial Exchange Offering) for “Gate Points” – points that will be used towards trading fees on the platform.
Coinbase and Coinbase Pro launches crypto-to-crypto trading in Argentina, Mexico, Peru, Colombia, Chile, India, Hong Kong, South Korea, Indonesia, the Philippines and New Zealand.

REGULATION

• According to the Ministry of Finance of the Republic of Lithuania, entities dealing in cryptocurrency to employ comprehensive KYC/AML protocols. In addition, they must register with its Centre of Registers in order to legally operate.
• The French Parliament adopts the “Pacte Bill” – establishing a legal framework for digital asset service providers and initial coin offerings (ICOs). The French Finance Minister Bruno Le Maire suggests EU partners to setup a single regulatory framework inspired by the French one.
• Japan’s financial watchdog the Financial Services Agency (FSA) requires cryptocurrency exchanges to tighten security over cold wallets – digital asset storage devices that are not connected to the internet.

TECHNOLOGY

CoinMarketCap launches its first Android app and revamps its existing iOS offering, offering portfolio tracking, candlestick charting and price alerts. These features are not yet made available on its website offering.
Binance deploys the genesis block of its native blockchain – Binance Chain. A mainnet swap of the existing ERC-20 tokens (BNB) will occur on April 23rd, 2019 for the new native token to be utilized on the new blockchain.

INSTITUTIONALIZATION

FXCoin receives investment from Japanese conglomerate SBI Holdings for shares in its upcoming cryptocurrency exchange platform.
• Japanese internet giant Rakuten begins offering online registrations for its wallet service – Rakuten Wallet. The product will be accompanied with a full fledge cryptocurrency exchange to scheduled to go live in June.

PEOPLE

• Former director of Institutional sales at Coinbase, Christine Sandler joins Fidelity Digital Assets as Head of Sales and Marketing.

TWITTER

@cz_binance – “Craig Wright is not Satoshi. Anymore of this sh!t, we delist!”
@danheld – “The world has an unlimited supply of fiat to buy a limited supply of 21M Bitcoin.”
@ErikVoorhees – “By holding dollars you are ultimately trusting politicians. By holding Bitcoin you are ultimately trusting open source code. Trust in politicians tends to fall over time. Trust in open source code tends to rise over time. And so, with time, which system likely advances?”
submitted by Edmund_N to CryptoMarkets [link] [comments]

Bitcoin price forecast, using BCG matrix

Bitcoin price forecast, using BCG matrix
BTCUSD analysis: Bitcoin forecast

Experimental analysis of BTCUSD trends by means of Boston Consulting Group matrix

Telegram channel — trading signals btc, eth, xrp
Today, I’ll go on to analyze the BTCUSD pair, as all the other altcoins depend on it.
A couple of days ago, there was quite and important fundamental event that was hardly responded by the crypto market. It is about the G20 meeting that was held in Argentina.
One of the most important agenda items was digital economy. As you know, they were discussing cryptocurrencies and the future of the crypto market. Following up on this meeting there was drafted a declaration. At first sight, it doesn’t seem to present any sensational solutions. However, the leaders of G-20 member-countries have admitted that cryptocurrencies and blockchain technology has a huge potential and its development is important for global economy. On the other hand, they have again emphasized the officials’ concern about poor regulation of the cryptocurrency market. Here, a particular emphasis is put on the risks, associated with money laundering and the development of illegal markets, as well as terrorist financing.
What does it mean?
It is a good signal for alarmists, who have been already disappointed in cryptocurrencies and dumped their deposits. Nobody will ruin the crypto market. Cryptocurrencies, as a type of investment assets will always exist in one form or another. What’s the point in killing the goose that lays golden eggs?! The hype around the crypto market turned into investors those, who had never thought about investing in any assets. Economic participation of people has sharply increased. There appeared whole industrial sector that became almost national idea for particular countries. It is far easier to legalize cryptocurrency and impose taxation, rather than to fight with the products of digital economy. The Group of 20 were discussing the issue of developing a taxation system for international digital services. It means only one thing - one way or another, the whole cryptocurrency market will be split into two parts; the first one will be completely transparent not only for users but for public authorities as well. There will be institutional investors and banks, along with corporations. There, the cryptocurrency will be completely integrated into banking services and become publicly available and user-friendly. Everything will be legalized and regulated. The second part will become a part of shadow economy and will be under continuous pressure from regulators and governmental authorities. The users of such cryptocurrencies will be automatically recognized as financiers of terrorism and accomplices in money laundering. The users of such cryptocurrencies will face potential imprisonment and international prosecution.
Even if it sounds unreal now, but if the G-20 are seriously discussing the cryptocurrency matter, I’m sure that the country leaders will join their efforts to bring this scenario into reality. So, I won’t be surprised if, in a few years, there will be another bitcoin fork that will be recognized by the Group of 20, included into gold and forex reserve and will become a new payment means; and the old bitcoin will become illegal and will be traded secretly.
But now, it is still an assumption and won’t come true in the new future.
I’d like to perform technical analysis of the current bitcoin market sentiment to find out what is going to be in the near future.
https://preview.redd.it/7jfpz6euou221.png?width=1954&format=png&auto=webp&s=ed0798ef8938d6da6be3e33392b32d20054fa5b2
In my previous analysis a week ago, I offered a long-term forecast for the next 10 months, suggesting the major target at 2000 USD to be reached around October, 2019.
I still believe that the bottom at 2000 USD looks quite justified, in terms of both fundamental and technical analysis.
This scenario can be real in fact, if bitcoin will be moving in the downward channel with a corridor of about 3000 USD. Previously, BTC could be moving faster in a few days, but in the current crypto market situation, such a narrow range looks reasonable. However, Bitcoin has never moved as it was expected by the majority of traders.
I compared in detail the current market situation with the Bitcoin drop in 2014 and noticed some regularities that I emphasized in the last forecast for bitcoin future price.

https://preview.redd.it/ut5jhcpvou221.png?width=1954&format=png&auto=webp&s=a1f0582387490922b0b9aebd34a93a8cc7703948
If you look closer, you’ll see from the chart above that the bullish trend had been speeding up since August, 2014, and reached its peak in December.
I wouldn’t try to fit this into particular dates or months, but if I try to draw a direct parallel with the Bitcoin current fall, it should start falling faster.

https://preview.redd.it/rlixmzkwou221.png?width=1954&format=png&auto=webp&s=a6086ecddee8770675fdc62dafb726f544e15bad
To better explain my idea, I suggest you look at the chart above.
Many of you are likely to be familiar with the BCG matrix, is a corporate planning tool created by Boston Consulting Group. Long story short, the matrix describes the life-cycle of a product and its position in the market.
I won’t describe it in detail here. I just had an idea to analyze the price trend like a product. A trend is traded in the market like an idea, and each trader votes for it by means of their money, supporting or opposing the idea.
Based on this assumption, a trend, like a product, will pass through four stages:
  1. Entering the market - “Problem child”
  2. Developing stage - “Star”
  3. Developed stage - “Cash cow”
  4. Recession - “Poor dog”
The stage of problem child (also known as “question mark”) is the initial step. The product is just entering the market, but consumers don’t trust it, and so, it needs a large amount of investments. I marked this stage with the yellow circle in the chart above. There are two big dumps. The financial supporters of the drop were investing quite much in their bearish trend, but the buyers didn’t trust that idea and didn’t support it. Next, the product has been accepted by buyers, whose market share was quite high in the market, as well as the rate of sales, starting next. There, comes the stage of growth, the Star!
In the given example, it is the green box that highlights the zone of the steady bearish trend. It was accepted and admitted by the market, and everybody supports the idea of Bitcoin drop. Everybody likes it and thumbs it up. The next stage is the developed stage, or Cash cow. That is when investors begin to gain the yield from their product and the investment is paying off. It the blue circle in the chart above. There, it is clear that manipulators are starting to buy out and get the cheap biotin, making up their funds spent on dumps.
A sure sign of this stage is incredibly high trade volumes.
The last stage is recession, or Poor dog. Such a dog is weak and won’t live for long. The product at this stage is not appealing or demanded. Interpreting this idea, there is a clear red circle in the chart above. Market participants don’t believe in the bearish trend any longer and don’t support the idea by their money. The funders are not interested in promoting this idea as its development costs exceed the potential profit, or it may at all generate negative cash return.
Therefore, the Bitcoin bearish trend, like a product, is leaving the market, being replaced by a different idea.
https://preview.redd.it/ppki39lxou221.png?width=1954&format=png&auto=webp&s=1edcc6d841c3d623a78ac615323620868e52a605
Drawing the same parallel with the ongoing bearish trend, you see that the Problem child stage has been already finished. Due to the strong bearish trend, this stage was lasting for a particularly long time, despite the price drop from 20 000 USD down to 6000 USD. The candlesticks clearly display strong volatility and the buyers’ resistance.
Eventually, following the long fight, market gave up and the bearish entered the stage of Star. It is clear that, due to the longtime resisting, the bulls stepped back, having lost quite much; and each crypto market participant believed in the bearish idea. The stage was developing very fast, and so, it ended quite soon. And it is clear that the BTCUSD downtrend trend is entering the Cash cow stage now.
As I’ve already said, at this stage, manipulators take an advantage of the market inertia and start “milking” the cow, as the marketing specialists call it; traders would say, trick out of hamsters’ money.
https://preview.redd.it/abdwsiizou221.png?width=1954&format=png&auto=webp&s=fa8f3648a3f2a1f755f42f6e2d2deb7c640cab95
It is clear from the 15-minute BTCUSD price chart above that there are frequent buyouts; that is investors are gaining profits from the invested cash. Currently, while weak hands are losing their positions, the whales are buying out cheap bitcoins. It will go on until it becomes clear that the idea of the Bitcoin drop has been finished, and the bears don't have any more power to press the market down.
Most likely, at this stage, manipulators will repeat the same trick and start selling the bitcoins, they’ve already bought, to create stronger panic. People are extremely nervous, and so, manipulators won’t have to dump much.
https://preview.redd.it/itl4gyr0pu221.png?width=1954&format=png&auto=webp&s=7c6943a6a2bd554f1e9e7b44db7fb599c9abe263
If you gain look at the monthly BTCUSD price chart above, you see that the next wave is likely to start in February, 2019. Based on the depth of the plunge, the level at 2000 USD is such an irresistible barrier, which many will start from. I assume that manipulators anticipate this situation and will make their final buyout not going as low as this level. In the volume profile chart, it will look like a hump that I outlined by the red ark. After that, the bearish trend will start exhausting, amid trading flat and weak attempts to draw the price up to 4000 USD. The Bitcoin downtrend will enter the stage of Poor dog.

https://preview.redd.it/n8lplvt1pu221.png?width=1954&format=png&auto=webp&s=955ff6e177191986710e731e2c5158de87b115ac
This period will be dangerous because of extremely low trade volumes, allowing the manipulators to perform various tricks and attempts to crash the market in order to buy more bitcoins at the lowest price level. There is likely to be another slide down before the bearish trend of 2018-2019 will finally end. The final drop is likely to be followed by a new idea, supporting the BTCUSD growth.
The whole cycle will start from the beginning. First, funders will heat the market up, selling the idea to hamsters. Next, supported by the market natural growth, they will launch the rocket up rather high, where they’ll start gaining cash. But that is another story; it is called Bitcoin uptrend of 2019-20??
Unfortunately, the manipulators haven’t yet finished developing their bearish trend, and we’ll have to wait.
That is my updated BTCUSD global scenario.
I wish you good luck and good profits!

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submitted by Nick_Kiros to u/Nick_Kiros [link] [comments]

All new beta version of doge.yottabyte.nu is open for public!

Click here to go to the beta site!
Updates March 29th:
Holy shibe time goes fast when you're busy. I haven't done anything since last update, sorry. I'll try and squeeze some time in this weekend to add at least Prelude to the beta site. Can't promise more than that.
Updates March 15th:
Been very busy recently so I haven't had a lot of time to work on the site. Most functions should be running well atm. Here's the top of my todo list as of now:
ORIGINAL POST
Hey everyone! I've been blown away by the amount of traffic coming to my site the past couple of months. This is definitely my most visited website by far. The site has been very static since early January though. As I've hinted on in the old thread, this is because I've been working on a new version of the site. It's taken way longer than I expected it to, but now it's at a point where I think it can be released to the public.
Some stats since the 14th December release:
  • 2,000,000+ pageviews
  • 1,000,000+ visits
  • 156,000+ unique visitors
And now on to the features of the new site:
  • Much faster updates, being pushed to your browser as the trades come through, instead of your browser querying for new updates every few seconds.
  • Live view of orderbook, in both DOGE and BTC
  • Convert to more currencies! Currently supporting USD, SEK and PLN, please request other exchanges/currencies to add if you want them.
  • Currency conversions now update live and save between sessions
  • Candlestick charts! Oh yes.
  • Interact with the charts (zoom and drag!)
  • Live updates of dogecoin statistics: block, difficulty and hashrate.
  • Volume bars
  • Exponential moving average and simple moving average.
  • Price alerts! (Currently only works using Chrome notifications)
Some questions that I assume you guys might have:
Where did the other exchanges go?
I did not prioritize adding these exchanges because the volume is so low and trades happen so rarely. They're not as fun to watch. I will be adding more exchanges as the code gets more lightweight. For now, they still exist on the old site at least.
Why no more pretty dogecoin ads?
I'm just trying out Google Adsense to see how profitable it can be (compared to dogecoin services). Still have not decided whether it stays.
Wow this looks a lot like Bitcoinwisdom
I know. In fact, when I built the foundation it was very inspired by Bitcoinwisdom, just like the old version was by Bitcoinity. These are both awesome sites that I use all the time. As I was working on the site, Bitcoinwisdom released their DOGE graphs. There wasn't really a point to stop working though so I decided to keep it this way, cause I just like it the way it looks. Since then I've been aiming at making it the best of both worlds, taking inspiration from many different chart sites to get the best experience out there.
Vault of Satoshi, please?
I've been looking into adding VoS since they started DOGE trading. Unfortunately their API lacks one important feature, which means I can't add a graph. Sorry.
Kraken, please?
Kraken has already been added and is coming live on the site once I've worked out some bugs!
Why can't we see data older than [date]??
Older data was collected using different methods. It can kind of be converted to work in the new charts but it won't be as accurate. I will definitely be doing this in the near future anyway. Bter has an awesome API, so I was able to download all the data since they opened for DOGE trading. You can go on the Bter graph if you want to see December data for now.
Where are the DOGE/DOGE charts?
Coming soon.
[INSERT QUESTION HERE]
Use this reddit post for features, questions, bug reports, whatever. Just post below. :)
Click here to go to the beta site!
submitted by byteyotta to dogecoin [link] [comments]

CoinWhiteBook Project

CoinWhiteBook Project
CoinWhiteBook Project- Distributed Blockchain Industry Index Platform

WHY COINWHITEBOOK EXIST?
Due to the requirement of blockchain technology such as professional technology, the actuality of information asymmetry and the variety of technology categories, etc., the professional investors have to be faced with the high barriers of access threshold and spend much time and a load of resources getting to know main information of every blockchain investment project in order to reduce investment risks significantly. We live in a Knowledge Economy where data information is a strategic resource for institutional investors to gain and maintain a competitive edge. An access to acquire data in an easy and fast way is essential for institutional investors, and that’s why CoinWhiteBook is created.

WHAT WE ARE?
CoinWhiteBook is fully experienced in successful financial investment and has a strong technology team, providing the most accurate project information and real time data for institutional investors with the AI logic and professional financial team. The team is committed to building a blockchain industry index platform with the most authoritative and accurate information for global professional blockchain investment institutions and aims to become the Dow Jones in Blockchain industry.

WHO WE ARE?
The Coinwhitebook team is one of the EOS technology supporters. The team fully supports the EOS ecological construction, meeting the ecological market demand and effectively connecting EOS technical services with various real-life scenarios. Globally, we provide services such as bitcoin, Ethereum, EOS and other blockchain information aggregation, market analysis, and data deep mining. Docking all rating agencies in the circle, helping professional investment institutions to quickly understand the changes in the blockchain industry and providing reference for investment trading decisions. At the same time, global and all kinds of blockchain project transaction information data will be collected and introduced into the CoinWhiteBook platform for comprehensive display, and based on this, professional investment institutions will be provided with more diversified services.

WHAT MAKE US UNIQUE?
  • Full History Market Candlestick Charts
  • Blockchain Industry Index Compiling
  • Investors Interactions
  • Professional Ratings
  • Hedging Protection
  • Accurate translation
  • Investor community
  • Blockchain KOL
ROADMAP
  • AUG. 2018: Project Goes Live
  • Sep. 2018: Industry Index Release
  • Nov. 2018: The Function of Cryptocurrency Futures Online
  • Q1 2019: App launch
For more information,
Please check our WhitePaper: http://img.coinwhitebook.com/admin/file/whitepapeen/CoinWhiteBook%20WhitePapepdf
or visit our website: http://www.coinwhitebook.com/

CoinWhiteBook
submitted by CoinWhiteBook to u/CoinWhiteBook [link] [comments]

Building my first Android app. I chose Bitcoin! What features would you like to see?

Hi everyone, I've been studying Java/Android for the past year, and now I'm ready to build my first app. I understand there are already apps out there, but I think adding "just one more" would help spread the word of Bitcoin!
So I was wondering, what features would interest you the most?
Here is a list of features I've thought of so far:
Any ideas of what interests you the most, please let me know. I want to build this for the community, thanks!
submitted by bitcoinboy26 to Bitcoin [link] [comments]

Technical Analysis Weekly Review: 2. The Trend.

Technical Analysis Weekly Review by ClydeMachine

Previous Week's Post:
1. Technical Analysis Introduction for Bitcoiners
This Week:
2. The Trend
Next Week's Post:
3. Support and Resistance

Technical Analysis Weekly Review: 2. The Trend. TL;DR

Technical Analysis Weekly Review: 2. The Trend.

Markets trend.

"A trend is a discernible directional bias in the price -- upwards, downwards, or sideways[...] The trend is your friend." - Rockefeller
Markets follow patterns called trends, where the price of a security continues along a common path, whether up, down, or sideways (where it stays more or less in the same price area).
Is the price currently trending? It doesn't always trend, but when you look at a chart, that's what question you want answered first. Then ask, is it trending up or down (is the price going up, or going down)? This is also where the terms "bull" and "bear" come from. A bull market is one that is increasing in price, with an uptrend; a bear market is the opposite, with a downtrend.
The blue box shows a bull trend, while the red box shows a bear trend.
As you can imagine, trends make it easier to predict where the security's price will land in the future. Buying at a low price and selling at a higher one is a solid plan of action when a security's price is on a consistent uptrend. Buying a security while it is currently in a downtrend, on the other hand, is risky. Therefore, technical traders will typically focus on identifying a bullish trend early on, buy in early, and watch as the price rises beyond the value of what they paid for it. Using indicators like support and resistance lines, traders can then plan for their target price, which is where they will sell their security, and lock in their profits. (We'll discuss support and resistance in next week's post.)
Traders can also "short" a security - meaning, they sell a security in the early stages of a bear trend, in the hopes of buying the same security back at a lower price in the future. This is of course risky, as they can wind up selling a security that goes into a trend reversal and increases in price, forcing the unfortunate trader to buy back in at a loss. There's a reason this is called "catching a falling knife," and is commonly done during periods of retracement.

Retracements

Trends rarely continue for long periods, and even major trends will eventually have retracements. Also called corrections, retracements occur where the market recognizes that the price movement has gone farther than it naturally should have, and "corrects" back to an equilibrium. This can happen on uptrends and downtrends alike, where the market moves against the original trend's direction (uptrends can correct back down, and downtrends can correct back up).
There is no reliable rule for predicting the end of a retracement - that's where we attempt to use various technical indicators to help guide us into a probable position. In future posts that focus specifically on certain indicators, we'll look at the strengths and weaknesses of using such them in determining trends, retracements, and full reversals.
Some examples of downward retracements following several uptrends earlier in January.
Retracements are generally temporary, as opposed to trend reversals, where the primary trend completely switches direction.
Earlier in January we saw a pretty drastic downward trend reversal following a sudden uptrend, marked by the red box. Not all trend reversals are this sudden or this large - but they do occur.
Note that this behaviour sounds similar to a price bubble event: a security grows in price at an incredibly rapid pace (beyond a sustainable rate), and what follows is a retracement/correction of impressive ferocity. That is what's called a spike, followed by a crash. Like a bubble growing until it can't sustain its own size, and pops.
As before: blue box indicates the uptrend (in this case, a fast and largely unforeseen rise in value to an all-time high of ~$250 on the BitStamp exchange) followed by the accompanying crash in the red box (where the value fell back to pre-spike values just over $50/BTC).
Part of what separates a spike & crash from an appreciation & retracement should be pretty obvious to the naked eye. Growth/retracement is a natural market occurrence in the process of setting the price, and spiking/crashing is an unnatural event, often driven by news and media "hype," where everyone expects to get rich quick. As mentioned in the first Weekly Review post, many of us Bitcoin enthusiasts found out about Bitcoin through the buzz surrounding one of the various Bitcoin price bubbles, and still bear the painful memories of watching the red candlesticks get taller and taller.
This is the other part: the emotional feedback loop. The buyer confidence is so strong that rational trading practice is thrown out the window, and even criticized by those who are holding the security - until after the market returns to the normal "mean" price range. Hence: Hindsight is 20/20. Following the news and posts by the community can be a great help in identifying bubble-like market sentiment.

Trend Confirmation

Confirming a trend is easier said than done. A trend confirmation is when a trader has enough evidence shown by their analysis to say that the market is currently in a price trend, and can take action (or not take action) based on their conclusions. This is where volume makes a major statement, as volume is the strongest validator of price movement. After all, the more people (and the more money) moving in the same direction, the stronger the flow will be, and the more likely it is that they will continue to move in that direction. (Inertia applies here!)
Notice how in the reversal example shown earlier, the selling volume (semitransparent red bars in the background of the chart) is very strong as the trend continues. Volume validates a trend, and here the selling volume is very strong.
Naturally, there are ways that help gauge whether a price movement has healthy volume support or if it's just a fluke by a small group of transactions.
The red boxes featured here show low volume, and coinciding weak trends. The first is a short-lived low-volume downtrend, followed by a short-lived weak-volume uptrend. The blue box in October 2013 shows much higher volume between each 12-hour timeframe, coinciding with a stronger bull trend from the low 100's to the low 200's..
If a price movement is conducted by a lower volume of transactions, that price movement can be broken easily by other transactions going the other way. Conversely, a higher volume price movement will be harder for the market to turn against. This is not always true (because vacuums don't exist in nature), so use your best judgment of a market's activity - consult the news, when in doubt.
And, when not in doubt, still consult the news, just to be sure.

Next Week:

We'll look at more indicators to help determine if volume is above or below average (which will help to determine and confirm trends!), as well as support and resistance lines, determining breakouts (very tricky business), and incorporating more technical indicators into your trading plan.
Disclaimer: As with all my posts, I do not intend to give actual trading advice as far as what decisions to make when. Also, my coverage is not all-inclusive, it just presents some information to you. I aim to teach you to teach yourself. This way, you can make your own educated decisions, and have most excellent discussions in /BitcoinMarkets. I won't "give you answers," but I will give you the means to find them yourself.
Questions For You: When would you prefer to see TAWR posts in the sub - Saturday mornings, Friday nights, another night of the week? If you have no preference, I will continue to post them around Saturday morning, to give you something to read as you sip your coffee.
Make money, spend wisely, always be learning, see you next week (or in IRC).
submitted by ClydeMachine to BitcoinMarkets [link] [comments]

5 Tips for Successful Bitcoin Trading

Our last post had a warm reception among the advanced traders here.
We felt like we should produce some help for the new traders too. At BTC.sx we see a lot of traders lose money from simple mistakes that can be avoided. Armed with this insight and over 60 years of collective experience in finance, we have produced 5 tips that should be a big help to new traders.
5 Tips for Successful Bitcoin Trading Essential information you should know before placing your first trade
This post is aimed at those with very little knowledge of financial markets.
Bitcoin has encouraged many to take an interest in finance and allows easy access to financial exchanges. Consequently a large number of people are attempting to trade Bitcoin, without any prior trading experience.
At BTC.sx we sometimes see traders make simple mistakes that could be avoided with a basic understanding about trading and investing.
Let’s take a look at the five most common mistakes new traders make and how to avoid them:
1. Do not invest more than you can afford to lose
https://d262ilb51hltx0.cloudfront.net/max/800/1*dP87BcY7IMn9aIrwTT1ykg.jpeg
Any financial investment can produce losses, rather than returns. With a highly speculative investment, such as Bitcoin, there is a high chance that you can see very large gains or losses. By trading Bitcoin, there is also further scope to lose money from poor decision-making.
One should invest such an amount that they feel comfortable with losing completely — be prepared for the worst eventuality. There are two reasons for this.
Firstly, successful investors diversify their portfolio. Allocating too many funds to an asset class increases risk exposure. This makes it harder for gains in other assets to cover losses in another asset.
You cannot lose more than you put in, so don’t put in more than you can afford to lose and you’ll be all right, even in the most negative case. - Rpietila
Secondly, investing more than one can afford to lose reduces an investor’s ability to make good decisions. In particular, there is a risk of ‘panic selling’ when the market declines slightly. Instead of holding throughout a market dip, one who is over-invested may panic and sell-off their holdings for a low price — attempting to cut their losses. This tends to lead to losing more money when the market recovers and the trader buys back at a higher price.
2. Set goals for each trade
Setting goals helps traders remain level-headed during periods of extreme volatility. This is highly important for Bitcoin trading. When placing a trade, determine what price to take profits or cut losses in advance.
The benefit of this is that it is easier to prevent trading decisions based purely on emotions. For example, a trader with no target price may make a profitable trade, become greedy, and then fail to realize their profits while the market is still on their side.
This chart shows the typical emotions an investor may go through and how they make it harder to ‘buy low and sell high’.
https://d262ilb51hltx0.cloudfront.net/max/800/1*0tpcgBQ51awHWDhdPy2qUw.jpeg
The use of goals / price targets can prevent traders becoming greedy when experiencing euphoria and despondent after a market crash.
3. Learn how to read charts
Although technical analysis is a difficult skill to develop, new traders at a minimum should know the basics of chart reading to identify market trends.
The most widely used Bitcoin charting tool is Bitcoin Wisdom. Despite looking overwhelming at first, it is actually very intuitive. Here are the basics a new trader should understand:
Candlesticks - these are the rectangles and lines that resemble a candlestick shape. They are used to show what the price has done within a chosen time interval, which in this example will be one day.
https://d262ilb51hltx0.cloudfront.net/max/800/1*G7g3tvOz4XRcxFX9eZ4icg.png
Take a look at the candlestick highlighted by the blue box. There are several pieces of information we can gather from this single candlestick:
Opening price — this is the part of the rectangle that is horizontal to the candlestick to the left. On this day, the price opened at approximately $400 (which was the closing price of the day before).
Closing price — this is the part of the rectangle that is horizontal to the candlestick to the right. On this day, the price closed at approximately $378 (which was the opening price of the day after).
Price direction — as the closing price is less than the opening price, the price of Bitcoin fell, therefore the candlestick is red.
Highest price — the highest point of the stick shows that, during this day, the price reached approximately $407.
Lowest price — the lowest point of the stick shows that, during this day, the price fell to approximately $368.
Trading range — the difference between the highest price and the lowest price shows the range that the price was trading in.
Order book — this is a list of the prices and quantities traders are willing to buy and sell Bitcoin.
https://d262ilb51hltx0.cloudfront.net/max/391/1*GmjoL5vhYY834J4w7vu7jg.png
The ‘asks’ (sell orders) are listed in the top half, and the ‘bids’ (buy orders) are the listed in bottom half. The difference between the lowest ask ($361.95) and highest bid ($360.95) is known as the ‘spread’.
The second section with the scroll bar shows live trades, which can be used to see what is happening in the market right now.
Lastly, Bitcoin Wisdom projects how the price may move based on the order book. This can be indicated by the green and red lines at the end of the chart.
How can a trader use this information? It allows short-term support and resistance levels to be identified quickly.
For example, if there is an order to sell 5,000 Bitcoin at $362, the price will have a lot of resistance at this level. This is because buyers will fullfil the cheapest sell order available to them and, given 5,000 Bitcoin is a huge quantity, this will be sufficient to satisfy buyers for a few days. It is only when this order has been fulfilled, there is potential for the price to move above $362.
It is worth watching the live trades and bids / asks being fulfilled to get a feel for how an exchange works. Keep in mind that a buyer will want to buy at the cheapest price for their desired quantity. So they will buy as much Bitcoin as possible at the cheapest price, and then the next cheapest price if the original ask contains an insufficient quantity of Bitcoin. It is this scenario that increases Bitcoin’s price — or decreases Bitcoin’s price in an opposite scenario.
Logarithmic scales — using just linear scales makes it difficult to track Bitcoin’s price over a longtime span. This is because linear scales have with Y Axis values of equidistant. This linear Y Axis is easily distorted by extreme values, which Bitcoin’s price is famous for recording.
In contrast, logarithmic scales have a Y Axis that changes values according orders of magnitude. This prevents chart distortion and can reveal hidden trends in Bitcoin’s price. Observe the difference below:
Linear Bitcoin chart:
https://d262ilb51hltx0.cloudfront.net/max/1186/1*uU1WEvsAchNcdK8iGI2XJg.png
Logarithmic Bitcoin chart:
https://d262ilb51hltx0.cloudfront.net/max/1177/1*t6JwI7xM_BBcZasWvGgmWg.png
The logarithmic chart has revealed another rally that was completely hidden on the linear chart. This is useful to assess the long-term trend of Bitcoin.
4. Do not set stop losses too low
A stop loss is an automatic trigger to liquidate your position if your losses reach a certain value — essentially stopping you from losing any more. They are a good tool to take advantage of.
However, at BTC.sx we recommend that traders do not use a stop loss that is too small. Choosing 10:1 leverage means that your deposit is 1/10th of the position size. This deposit determines the stop price, the price at which a position can drop to until the deposit can no longer cover the position’s loss. At $200, the default stop will be $20 away (or 10% of $200). Anything less than the position’s default stop will increase the risk of a position closing out very quickly because of minor fluctuations in the price of Bitcoin.
Here as an example from the rally of Winter 2013 to demonstrate this:
https://d262ilb51hltx0.cloudfront.net/max/1192/1*-T0MDCOxwXaUgf_XcvlOZA.png
In this hypothetical case, a trader with a default stop at 10:1 would have lost out on a huge rally. They bought-in at the right time, but because their stop loss was set too low, their Bitcoin were automatically sold at a loss during a minor fluctuation.
It is important to note that lower leverage options result in a larger stop and as a result is considered a much safer way of exploring the basics of trading.
5. Close unprofitable & leveraged positions within 24 hours
Leverage is borrowing or lending an asset in hope that it appreciates or depreciates, respectively. At BTC.sx, we give traders the ability to enter long (buy) or short (sell) positions with 2:1, 5:1 or 10:1 leverage.
If a trader shorted 1 Bitcoin at 5:1 leverage, for example, the total investment is 6 Bitcoin. To make a profit the price must fall, allowing the owner to reclaim ownership at a lower price.
However, the price of a Bitcoin must fall sufficiently to cover the trading fee and the interest fee charged on borrowing the 5 Bitcoin. Do not fear if this sounds complicated! We have integrated a breakeven calculator into our trading interface to automatically show what price movement is required to return a profit.
Our daily interest charge is applicable up-front for every 24 hour period with the first 24 hours being free. Thereafter a trader must ensure that there is sufficient balance in their account to cover the cost and ensure the position remains open for each subsequent 24 hour period. In the foreign exchange trading markets, this is referred to as Rolling Spot FX. As the Bitcoin market is volatile, it can be hard to make a daily profit when the price is prone to change direction quickly.
Put simply, we recommend that inexperienced traders close unprofitable positions within 24 hours to avoid paying re-occurring interest.
Summary
We hope this post has been informative. The key takeaways from this post are:
Do not invest more than you can afford to lose
Set goals and target prices for each trade
Learn how to read charts
Do not set stop losses under $20
Do not keep unprofitable positions open for longer than 24 hours
If you feel ready to trade your first Bitcoin, click here to use our trading platform
submitted by BTC_sx to BitcoinMarkets [link] [comments]

www.altcoinsniper.com

Hi all,
I am Jester, I am from Belgium and wanted to share my project with everybody. I have been working on it for over a month now, and it is in the final stages of development. The main idea is to provide altcoin traders with an intuitive trading platform that gives them more insight in the different altcoin markets on the main altcoin exchanges. (Cryptsy, Mintpal, Poloniex)
I did some trading on Cryptsy and what bothered me was the lack of actual live charts, detailed market information and cumbersome trading.
  1. The candlestick charts only refreshes every 5 minutes
  2. Refreshing the browser is often necessary to get the latest market information
  3. There is no good overall market overview
  4. Users have to open several browser windows to trade multiple markets at the same time
  5. Poor to no automatic trading functionality
I decided to create a winforms application to tackle these issues. It started out as a hobby project as I thought it would be nice to chart the 6 hour price evolution of all the altcoins. Soon after I added a simple trade panel based on forex trading platforms so that I could instantly place an order, instead of refreshing the browser for the latest price, entering the amount clicking the buy/sell buttons and confirm the transaction, which seemed rather cumbersome to me. As the project evolved, I decided to add detailed charts using the Zedgraph library (http://sourceforge.net/projects/zedgraph/). A couple of weeks ago I was looking for similar projects online and discovered C.A.T bot by Sampey. I registered on this forum to follow the interactions and I decided to code some bot functions in my application too.
At the moment, the application is a bit of a hybrid between trading platform and bot. From a trader's perspective, I think you can still earn a lot more by executing your trades manually, but I understand that for most people this would take up a lot of their time, so a trade bot is a handy add-on if you set it up well.
Currently, one static trade bot and 3 dynamic trade bots have been implemented. The functionality is explained on the website: http://altcoinsniper.com/advancedversion.html I plan on adding a bit of code in the future that compiles a text file from the user while the application is running, so users will be able to write their own automatic trading algorithms using the variables in the source code. (there's some screenshots of the bot code on the website, the plan is to open this up for users, so they can write their own logic)
I know the cryptocurrency community is all about open source, and I know it is selfish and some people may think its sketchy, but I don't like to make this application open source for now. I can guarantee everyone though, that I did not put in all the work to spread malicious software or to steal everyone's API keys. I just feel like I put a lot of work in the application and it would be awesome if I could get some BTC for it in return. To me it seems better to enter the bitcoin ecosystem by selling creativity and passions instead of converting fiat currency.
I don't know what is expensive for most altcoin traders, but I see that most other bots or cryptocurrency trading platforms sell for about 0.7-0.9 BTC. I decided to offer the basic functionality of my application for free, and the advanced trade panels and bots for 0.5 BTC. The bot logic is in c# and I added screenshots on the website, so you can decide for yourself if it is worth 0.5 BTC or not. I am always open to suggestions and improvements to the logic as these are the first auto-trading algorithms I coded. I have done some test running of the bots though and got the following results:
mzc (buy low /sell high -algorithm) sell buy 4/18/2014 15:16 100 0.00000146 0.000145562 4/18/2014 15:13 100 0.00000142 0.000142284 4/18/2014 15:34 100 0.00000151 0.000150547 4/18/2014 15:29 100 0.00000148 0.000148296 4/18/2014 15:56 100 0.00000162 0.000161514 4/18/2014 15:51 100 0.00000161 0.000161322 4/18/2014 16:03 100 0.00000167 0.000166499 4/18/2014 16:01 100 0.00000156 0.000156312
flt (buy low /sell high -algorithm) sell buy 4/18/2014 15:13 100 0.00002201 0.002195498 4/18/2014 15:10 100 0.00002147 0.002152368 4/18/2014 15:51 100 0.000023 0.00229425 4/18/2014 15:13 100 0.00002253 0.002258633 4/18/2014 15:56 100 0.00002333 0.002327168 4/18/2014 15:51 100 0.000023 0.00230575 4/18/2014 16:05 100 0.00002351 0.002345123 4/18/2014 15:57 100 0.00002331 0.002336828 4/18/2014 16:10 100 0.00002442 0.002435895 4/18/2014 16:07 100 0.00002333 0.002338833 4/18/2014 16:39 100 0.00002421 0.002414948 4/18/2014 16:11 100 0.000024 0.002406 4/18/2014 16:53 100 0.0000252 0.0025137 4/18/2014 16:46 100 0.000025 0.00250625 4/18/2014 16:55 100 0.00002595 0.002588513 4/18/2014 16:54 100 0.00002525 0.002531313 4/18/2014 17:38 100 0.00002606 0.002599485 4/18/2014 16:56 100 0.0000259 0.002596475
bc (buy low /sell high -algorithm) sell buy 4/18/2014 15:45 100 0.00038501 0.038385497 4/18/2014 15:09 100 0.00038 0.038076 4/18/2014 17:14 100 0.00039 0.038883 4/18/2014 15:49 100 0.00038799 0.038876598 4/18/2014 17:16 100 0.000388 0.0386836 4/18/2014 17:15 100 0.00038601 0.038678202 4/18/2014 17:36 100 0.000391 0.0389827 4/18/2014 17:17 100 0.000389 0.0389778 4/18/2014 17:55 100 0.00039209 0.039091373 4/18/2014 17:38 100 0.00039 0.039078 4/18/2014 18:11 100 0.00039495 0.039376515 4/18/2014 18:01 100 0.00039265 0.03934353
bc (trend-algorithm) sell buy 4/18/2014 15:44 100 0.000385 0.0383845 4/18/2014 15:15 100 0.00037878 0.037953756 4/18/2014 17:36 100 0.000392 0.0390824 4/18/2014 15:45 100 0.00038997 0.039074994 4/18/2014 18:11 100 0.00039495 0.039376515 4/18/2014 17:36 100 0.00039296 0.039374592
This is how it looks in the application: http://altcoinsniper.com/images/trading.JPG
More info on the bots and the trade panel is on the website. (www.altcoinsniper.com) It is possible to simulate trading and test run your bot settings. Currently, only Cryptsy is fully implemented, but if there is a lot of interest in the platform, I will work on implementing other exchanges. If you have any questions, suggestions or feedback, feel free to respond on this post or contact me at [email protected]
submitted by jestersimpps to altcoin [link] [comments]

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