TRADING CRYPTOCURRENCIES - page 3

It is not a swimming pool, but a shark tank. Learn here how to choose the right exchanges, how to analyze the charts and trading them. Day Trading is not for the faint-hearted so be sure to learn first, otherwise, you will surely lose money by doing it. We will show you how to read Buy/Sell walls, guide you to 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 for you. In the market, you have to develop your own strategies to find out if you 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 you want to learn how to trade the crypto currency market, you 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 your trading account - especially if you use financial instruments like leveraged or margin trading. While there are trading courses which can teach you to develop a trading plan and execute a strategy, you 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 you want to learn to trade you will have to estimate your risk appetite first and consider then the trading platforms you want to use. As a day trader you can basically gain capital in two ways: Either on a common crypto exchange like Binance or on a mercantile exchange like Bitmex. Different to forex trading, the crypto exchange market is not yet regulated, which brings risks and so you have to act mindfully. Please never invest more than you can afford to lose. We share some trades ore 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. Happy and profitable trading!

Bitcoin Trend change “BULLMARKET” confirmed!

in TRADING CRYPTOCURRENCIES/CRYPTOCURRENCY NEWS

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

The World’s First 100% Accurate Bitmex Indicator – REKTICATOR 2000

in TRADING CRYPTOCURRENCIES
Bitmex Indicator: Rekticator 2k
The only 100% accurate Bitmex Indicator you will ever find.

Calculate your likeliness of getting Rekt on Bitmex

While the clickbait-ish title of this post (yes, I admit that) is meant to be quite funny, though the topic of this post is quite serious. Due to our Bitmex Signals & general Crypto Signals Post, we are in several trading chatrooms by many signal providers (we stay in all channels we recommend to make sure, the quality remains of what we are suggesting you guys) and the things we read there, are screaming “I WANT TO GET REKT” way too often. Sure, you might have joined one or more of these channels to get advisory and guidance – which is a good thing if the channel is operated in a good way and you want to encounter your insecurities. The thing is, we see the same mistakes made on Bitmex over and over again. We don’t judge that, we’ve been there ourselves years ago and we know this is just the way our brain and our emotions work. But this habits will kill your balance sooner or later. Experienced traders know that. So, we created a “Bitmex indicator” for you to check yourself if you are trapped in the common pitfalls of trading.  Keep Reading

Bitcoin TA or the Highway…

in TRADING CRYPTOCURRENCIES
Does Technical Analysis on Bitcoin work?
Does Technical Analysis on Bitcoin work?

Do you hate Technical Analysis or think it holds no weight in your day to day trading ideas? Think again. TA is not simply drawing lines and figuring out Fibonacci ratios to grow your investments. It serves trading bitcoin as Rambo served his country, often unloved but for sure a needed unsung hero for us to abuse… Keep Reading

Demystifying the Bitcoin Bart Simpson Pattern

in TRADING CRYPTOCURRENCIES
Bart Simpson Pattern on Bitcoin
Bart Simpson Pattern on Bitcoin

On every Bitcoin price discussion you face, may it be telegram channels, may it be Reddit, Facebook or Twitter you will find people screaming “There, there – that whale-driven manipulation Bart pattern on Bitcoin” – Ricco, who is our technical analyst at Smart Options, has been trading since the 90s and knows inside and out the common chart patterns. When we discussed the recent hype about the “Bart Simpson” – pattern, he immediately sat down to make a video, as he is allergic against – quote –  “overhyped garbage” – quote end-. See Ricco demystifying the Bart Simpson pattern now: Keep Reading

[Save the Date] May 19th – Altcoin.IO launches Plasma DEX beta

in INVESTING IN CRYPTOCURRENCIES/TRADING CRYPTOCURRENCIES
[Save the Date] May 19th - Altcoin.IO launches Plasma DEX beta 3

A project we are eyeing since the beginning is the decentralized exchange Altcoin.io. And finally, we will be able to see the Plasma featured beta on May 19th.

To innovate, you have to experiment. You need to try different things until you hit upon the one idea that beats the rest. We spent months exploring whether state channels were the right basis for our decentralized exchange (DEX). We learned a lot from the experience, but to deliver the DEX of the future, we need a better solution.
— Altcoin.io

This better solution is Plasma, which has been introduced by Vitalik Buterin (Ethereum) and Joseph Poon (Lightning Network).

Smartoptions is looking eagerly forward to test the DEX and has a big red cross on the 19th this month.

 

 

May 19th – Altcoin.IO launches Plasma DEX beta"]

Auto Averaging With The 3Commas Bot

in TRADING CRYPTOCURRENCIES/CRYPTO TOOLS
Auto Averaging With The 3Commas Bot 6

Safer trading with bots? I can see you raise that eyebrow and normally I would totally raise mine along with yours. Not so in this case. We wrote already about 3commas in the past and recommended their very versatile tool with a team of super active developers. But their recent addition is just great and needs a small introduction. We will show you how we use the recently published auto trading bot, and how to use it in the best way to sleep tighter with your trades running. Keep Reading

Trading Bitcoin without emotions.

in TRADING CRYPTOCURRENCIES
Trading Bitcoin without emotions. 11

The above picture is the average person freaking out when the market does not go their way. This is Jill, PLEASE we repeat! Don’t be Jill… “Jill is an adrenaline junkie, unfortunately she is an adrenaline junkie in trading crypto. Jill will buy a coin just because somebody on trading view screamed that it was going up 500% next week! Jill will sell any coin as soon as she reads on coindesk about some China news of them banning exchanges/ICOs, which they do about a few times a month it seems. Jill trades with her thoughts and feelings, she is always right even though she only loses money. Jill thinks it all is a conspiracy by the government/Hollywood to keep her down.”  In short as you see here, Jill has issues and has no idea what she is doing. Unfortunately the majority of newbie traders have this un-solid emotional state. Jill is caught in the EMOTIONS trap vs real objective knowledge. When starting out in something new, you will be in that realm. It is normal until you learn the ins and outs of trading Bitcoin and other cryptocurrencies. Here are some steps you can use to learn to control your emotions and help you have a more happy and safer journey in your crypto trading adventures. Keep Reading

How to use TA to scale in and out of Crypto Trades for extra profits!

in TRADING CRYPTOCURRENCIES
How to use TA to scale in and out of Crypto Trades for extra profits! 13

Crypto Currency trading can be a wonderful and horrible thing at the same time. You fall into the depths of hell when you are faced with losses and you float on air amongst the heavens when your alt coins have big rises. In both cases, you are a victim to emotions and likely lack logic that is needed to stay balanced in your efforts to simply profit from the markets moves. I can tell you that true profitability comes from grounding yourself not only as a trader but also as a person. Any fool can make or lose large amounts of money in this space quickly. If you are wise and follow some of the guidelines, using your own good logic and discipline, which I hope you will develop. The amounts of your future gains could very well be staggering indeed. Keep Reading

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