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I am being asked by a few people these days what kind of indicators I use to trade bitcoin. So I thought I’d give it a shot and put it to paper.

It is important to understand: this is my personal opinion and none of this is financial advice. This isn’t my professional opinion either. If you read it, you should treat it like any other piece of information. Verify yourself, do your own research, and never trade based on someone else’s opinion. Also, I have been trading financial markets for over 20 years, so there are quite a few things that would be “muscle memory” for me, which you cannot build by simply reading a trading manual and which I cannot put into an overview of trading indicators either. It is usually built with experience and that usually means losing money. …


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Ich muss nun, anders als es meine Gewohnheit ist, einmal einen Artikel auf Deutsch schreiben. Hauptsächlich geht es dabei um die Situation in Deutschland, da mir diese am nächsten steht. Selbstverständlich ist alles was ich hier schreibe lediglich persönliche Meinung. Diese kann falsch sein.

Derzeit erleben wir im Prinzip überall auf der Welt eine Welle der Übertreibung was die Reaktion auf die aktuellen Infektionszahlen mit Covid-19 angeht. Nicht nur das, wir schauen uns sogar täglich im öffentlich-rechtlichen und privaten Fernsehen die falschen Zahlen an. Die Medien sind allerseits erfreut, dass sie weiter kostenlos Programm mit Corona-Panikmache gestalten können. Ich schlage stattdessen vor, dass wir uns die Daten einmal im Detail ansehen. …


Crypto has always had a place in my heart and I continue to be an active follower as investing in general is one of my passions. It has now been proven that most of what I wrote in the bubble piece was close to the truth. Altcoins have lost 90–95% of their value and the “majors” have recovered reasonably quickly from the bursting bubble of 2017. ICOs (unless they offer true ownership in the underlying company) remain a scam, as are any and all token with a pre-mine, an airdrop and a “usecase” that could easily be assumed by the US Dollar or even bitcoin. …


So I looked at the numbers myself. All of the charts below have sources. I do not claim to be more knowledgeable or “have all the answers”. But I do think it is fantastic that there is a country out there that generally seems to be trustworthy in terms of data they provide and which has chosen a more moderate approach as regards to the Coronavirus response (while avoiding the total calamity and leadership void that the US is experiencing), so that we can at least ask “what if?”. …


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Source: Shutterstock

This is a continuation of a series of articles I published on bitcoin price, the latest of which you can find here.

Unfortunately, I had a brief stint in the hospital for something I could not put up for longer and also a busy time at work, so I have simply not had the time to give a proper update before and even this one will just mention the most important considerations in my view.

Brief review of where we are in terms of price

You will remember that I had three possible scenarios for the price of bitcoin in my last article. By now it is abundantly clear that we are firmly in scenario A. IF (huge if) this is a legitimate market, we have indeed bottomed and once there is a dip and any lower support (10k, 7.5k, 6k) holds, I would personally be happy to be long bitcoin again. That is also the way I would “play” this move. The impulse to the upside from breaking $6k was simply so strong and so “non-stop” that it cries out loud for a correction, though it also means most people will not have caught the move. …


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Source: CryptoNewsReview

I do not have too much time right now, so this update will be a brief one that continues a series of price pieces that I wrote over the years. In my last article I wondered if we had seen the bottom and concuded that bitcoin could have reasonably seen the bottom and that one of the first indicators would be breaking a bearish triangle to the upside (it was actually a bear flag at the time). Obviously that happened by now.

I also mentioned that I would be looking for confirmation of that move and that there is no need to FOMO if it happens. …


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by DK on ALTCOIN MAGAZINE

This is the continuation of a series of posts on price action in bitcoin and crypto. The last article from this series can be found here. In that article, on November 20th, as bitcoin traded around $4,000 I went neutral from Bearish for the first time in over a year and specifically stated: “I think in all likelihood the price will go down to sideways for potentially quite some time here to build out this bottom and ensure people just lose interest (that’s what markets tend to do)…”

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Source: Livebitcoinnews.com

Given we have now, over the past three months, seen the market do just that, it was probably time for an update on what I currently see in the market. Before I start, I want to stress that all of what I write is my personal opinion and not my professional opinion. None of what I write is financial or legal advice. Bitcoin prices, just like any other asset can go to zero or rise in exceptionally fast fashion and I am probably wrong 50% of the time. …


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Source: bitcoin.com

It was hard to get started on this story, because quite frankly it is hard to know where to begin.

I have a list of topics that I want to write about and this one got triggered multiple times by tweets from the so-called OGs hailing the new age of bitcoin as the global reserve currency and more importantly speculating about any country actually using it as a replacement for its fiat. …


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Source: bitcoinexchangeguide.com

Here is a simple way to determine whether prices in crypto have bottomed. The more of these items are true, the more likely it is that crypto prices have bottomed. It is for now, just a loose list of indicators. We are unlikely to have hit all of them by the time prices bottom, but the list is long in terms of things I think need to happen to be half-way certain. By the way – this list won‘t be helping to time the exact bottom. Catching a falling knife is chance and not process. …


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As the SEC started to publish settlements with more known ICO offerors regarding the sale of unregistered securities, the cryptosphere is ripe with speculation regarding the security nature of several high-profile ICOs.

Before I go on, let me clearly state that all of what I write is personal opinion and not investment or legal advice. Also, I am not a lawyer and not qualified to give any such advice. I am writing, solely using common sense and for entertainment purposes. My definitions of legal terminology may well be completely wrong.

Security angst

What is puzzling to me is how vehemently hodlers (investors) in the respective token fight the notion that “their” token might be classified as a security. …

About

DK

Entrepreneur, Fund Manager, Ex-Consultant and Hobby Ice Hockey Player. Child of the Sun. Any opinions personal, never investment advice, sometimes parody

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