TRADING CRYPTOCURRENCIES - page 3

It is not a swimming pool, but a shark tank. How to choose the right exchanges, how to analyze the charts and trading them. Day Trading is not for the faint-hearted so we make sure to learn first, otherwise, we will surely lose money by doing it. We will show talk about how to read Buy/Sell walls,  check for the best crypto signal groups, and explain how to trade cryptos with leverage on Bitmex. We will provide a Bitcoin price analysis from time to time and check centralized and decentralized Bitcoin exchanges. In the market, we have to develop our own strategies to find out if we are bullish or bearish on a coin or token. Trading cryptos is not the same as trading the common financial markets, as cryptocurrencies are still a young market. If we want to learn how to trade the cryptocurrency market, we need a good knowledge setup, which should contain fundamental analysis, as well as technical analysis like charting, price action, and trend analysis. Due to the high volatility, every transaction contains risk for our trading account - especially if we use financial instruments like leveraged or margin trading. While there are trading courses which can teach us to develop a trading plan and execute a strategy, we will have to work on your psychology as well. We are often trading a virtual currency against another one, so the outcome depends very much on the development of the BTC price and the total crypto market cap. If we want to learn to trade we will have to estimate our risk appetite first and consider then the trading platforms we want to use. As a day trader, we can basically gain capital in two ways: Either on a common crypto exchange like Binance or on a mercantile exchange like Bitmex. Different from forex trading, the crypto exchange market is not yet regulated, which brings risks and so you have to act mindfully. We never invest more than we can afford to lose. We share some trades or a trading strategy from time to time for demonstration purposes, though we are not financial advisors and these trades are from an educational character, so we don't encourage to copy them. Enjoy your trading journey!

Bitmex Swimming with Sharks

in TRADING CRYPTOCURRENCIES
Sharks at Bitmex
Sharks at Bitmex

You want to swim with the Sharks on Bitmex… Very well, but first you better understand that they are there, circling and waiting for their opportunity to attack! So many get REKT on Bitmex that there is a twitter feed dedicated to it. Sad ain’t it. More sad is the fact most people don’t take the time to think of protecting themselves on Bitmex along with their trading capital. To me, the owners/operators of Bitmex are Sharks, but let’s give them credit for building such a great platform. This platform is second to none for ease of use/security and stability, they did just an amazing job! Outside of that, with their manipulative events, we see what they have done and are not amused. Though it mainly only affects the stupid and weakminded, which naturally are the first to get eaten on Bitmex. We will explore in this article some ideas to prevent you from being eaten by these Sharks and help make your beach-going experience more enjoyable. Whether you miscalculated margin on a trade, became emotional or were hit by the mAnip sharks with a crazy spike while in maintenance mode, there are simple ways to protect your capital on Bitmex. Keep Reading

Bitmex Ping Pong – A Simple 50x – 100x Leverage Thought Experiment

in TRADING CRYPTOCURRENCIES
Bitmex Ping Pong
Bitmex Ping Pong

EEEK 50x – 100x! “But, but, but you told us to never use this kind of high leverage “- and yeah, it is still true, one should never exceed 10x in our opinion. However, there are times, like right now where the charts indicate a big breakout is due. The markets show strong signs of compressions and the longer this period is going on, the harder the move should be that follows. The bad thing is we have only clues in which direction this will play. Let’s do a thought experiment how to play shorts and longs until the breakout happens and calculate the risks and returns. Don’t try this at home – this is just for demonstration purposes, to show how this Bitmex high leverage could be used for instead of against you.  Keep Reading

Bullish News Everywhere – But Where Is The Moon?

in TRADING CRYPTOCURRENCIES

Since the inception of crypto itself, there has never been more bullish news about this particular market within a month like in September 2018. The signs of a bull market are everywhere and we can sense the smell of starting rockets – but why, oh why, doesn’t reflect all this news to the price?  We are getting hammered by optimistic news all around – now the price has to follow.  Due to our analyst Ricco the markets are more than ripe for a fat reversal, see the video above.
See what has happened this month alone, and this is only an extract of the most important things that have happened, accompanied by even more smaller headlines: Keep Reading

13x returns with Bitmex all using Signals and TA

in TRADING CRYPTOCURRENCIES

How do you get such high returns within 6months!? When people see the effects of using good money management formulas and TA to trade on Bitmex they often trip over themselves. We have many good providers on smart options featured in the Bitmex Signals Post that have helped contribute to the returns you have seen in the above video, this along with good money management are the golden rules to successful trading with bitcoin futures on Bitmex. Learning TA and allowing yourself to focus on the charts and not random thoughts/ideas/feelings/hearsay can be the difference between the Rich and the Rekt…

Watch the above video and see a sample of what one of our top providers on Smart Options offers it’s members, enjoy!


Important Links from the video:


 

The Bitmex STAMPEDE is on!

in TRADING CRYPTOCURRENCIES
Bitmex Stampede
Bitmex is trampling the competition!

The Bitmex STAMPEDE is on!

With the current crypto bear market, most traders/hodlers of Bitcoin and Sh*t coins alike are tired of waiting for the next wave up and have started the stampede to Bitmex the past several months. This stamped is a gold rush of quick profits that most were attracted to crypto in the first place. Bitmex recording new records of 8 Billion in daily volumes for July. Bitmex offers 100x leverage, a super stable and easy to use platform for these gamified speculators. talented and un-talented traders here alike can make and lose fortunes in a blink of an eye. It is the NEW crypto leveraged trading GOLD RUSH. We are seeing an explosion in popular Bitmex telegram trading groups as the hodl crowd wants to make up for the bear market losses they have suffered and keep that money train going/growing while they wait for the next bitcoin boom to start.  In this article, we will explore the plus and minuses of trading with the Bitmex platform. Keep Reading

5 Things Every Bitmexer Should Know…

in TRADING CRYPTOCURRENCIES
Tips for Trading on Bitmex

Operating at Bitmex is like a casino gamble, moments of extreme tension, adrenaline and emotions that put you on edge! This 5 Tips give you a small idea about what is possible. For further reading we suggest the BitMEX Guide and the BitMEX Leverage Guide.

It’s a dangerous environment where we need to be careful, secure and need to know how to manage everything in the best way: capital, bankroll, emotions and – on top of that all – the tricks to succeed in the long run!

Keep Reading

The Bitcoin Slingshot: Why This Was Not A Reversal Dump

in TRADING CRYPTOCURRENCIES
The Bitcoin Slingshot
The Bitcoin Slingshot

[Guest Post] This Bitcoin Analysis has been provided by Cryptomedics (read the full review of their service here)


We are still very bullish at this moment. Reasons for a reversal of this short-term uptrend are lacking and this “dump” is not a reversal-dump, meaning we will see a higher high (above 8500).
Compare reversal dumps and accumulation dumps with this one. You will see this is an accumulation dump.
To see the sentiment of the market, we had a test with WV ETF rejection, and we slingshotted back up, then we had a dump yesterday, slingshotted back up. This is clearly a sign that we have a shit ton of buyers in the market right now Keep Reading

Bitcoin Trend change “BULLMARKET” confirmed!

in TRADING CRYPTOCURRENCIES

Bitcoin broke through key resistance points in the 7700-7800 levels today without retracing beforehand. Major institutional investors/Hedge funds will see this as a major turning point for BTC and scatter the field and any future pullbacks with a multitude of buy orders. Majority of them should reside in the low 7k range to mid-upper 6000 range. Watch for indications of future upside BTC movement with increases in bitcoin prices vs ALT coins, as well look for upside spikes to be more prevalent in price behavior in the coming weeks/months. The majority of ALGOs/Technical methods many of these funds/institutional investors use will have triggered and upside volume coming in on the buy side should be very pronounced. Liquidity does reside around 7800 short term, though being it breached can allow the interest of the larger fund buyers to overwhelm the sellers in a grand fashion, thus crushing all resistance and exacerbating the upside movement.

The Smart Memo Method – Rewire your Brain for Bitmex Trading

in TRADING CRYPTOCURRENCIES
Becoming a disciplined trader with the Smart Memo Method
Becoming a disciplined trader with the Smart Memo Method

Once upon a time, I came across a book. I think it is from the 60s or so – written in a very old-fashioned way. Its name was “How to get what you want” by Raymond Hull. I don’t believe in these self-help books in general, though this one is different, as it pictures a very clearly described method to hammer things into your brain and teaches your mind to focus on your goals.

Being in the chat rooms of all these Bitmex signals, I observe many people that get all these trading setups but manage it, still to stay on the losing side. Is it the signals? Or is it you? We monitor these groups for consistency in their trading performance, but many try to use them for overnight riches. This won’t happen. They can give you the setups, but you have to manage the responsibility to take this trades in a very disciplined manner. Mistakes I can observe very often:

Keep Reading

Bitmex Calculator “Rekt Prevention Tool”

in TRADING CRYPTOCURRENCIES

Bitmex Calculators and why/how to use them.

Most people using Bitmex have absolutely no idea what they are doing and getting into, far too many comments and observations I have seen tell me that the average Bitmex user is likely to get Rekt as denoted in this article/quiz. Most don’t use any form of risk/money management and likely have no idea how to even calculate possible wins/losses on trades ahead of time. This really bothers me as I think it is extremely important that people just don’t gamble their money away using powerful platforms like Bitmex. If you wish to prevent from becoming Crypto Road Kill then take this article to heart and dive in and do the work to educate yourself of the risks involved with trading your Bitcoin and other Cryptos on Bitmex. Calculators will help you know the risk/reward ahead of time and by doing that you are in planner mode, this mode is where all great traders are born!  Keep Reading

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Get the armor to fight the bear market - delivered to your inbox:
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