/biz/ - Business & Finance

>>7491720
Waiting for 3 hours now jesus

I am also waiting for it for 2 hours now.

Was actually expecting it not to stop at 7780 but move down to 7200.

This is lame.

>>7491720
cut it now before we hit 9000 you retard

>>7491788
nice OC

>>7491764
Not so easy isn't it?

Do no stress OP.

If you look on finex and gdax you can see a clear non-moving sell wall. Even when there are market buy, the sell wall cannot move up because of downward pressure. At some point the next hours the wall will be pulled and everything will move down.

>>7491720
If you shorted at 8320, then you are in the green right now. I suggest you close your position. The trend is not heading downwards. Bitcoin had been recovering ever since the SCC hearing. I would be real careful if I were you.

short

>>7491720
>Pump it, he shorted.

>>7491893

>>7491720

>he doesn't know about the golden bull run

anon I..

>>7491852
>he thinks when a sell wall is pulled the price move, um, down
Never change biz

>>7491946
>>7491941
>>7491869
>>7491852
High-quality fud in this thread tho.
>>7491893
stop-loss @ 8300, can only make profit.

>he shorted
>pump it

I dare you to trigger my stop-loss

>>7492023

Lmao no do not set stop loss at 8300. You will get caught by the triple top.

>>7492076
Didn't it hit triple-top already? O.o

>>7492060
>Do not trigger stop-loss, make ping 10000 and blame overflow.

>>7492023
FUD? I'm literally saying the price will be going up, not down. It's not FUD to contradict one random anonymous short seller.

>>7492095

1, ,2, 3 in 15min timeframe.

will go down soon.

>>7492095
>>7492095
>Didn't it hit triple-top already? O.o

Its hitting double top with the perfect volume measurement.. If this time it goes below 7.8k...its done deal

(I'm assuming you're looking at 15minutes, otherwise your target would be 7200 and not 7800 like you said)

>>7492207
Actually using 30 min candles.
But my target was still 7.8k

>>7492247
The hot chocolate i got from a store nearby is literally just molten chocolate. Fucking hell.

>>7492287

>>7492329
Well that sucks

Stop-loss triggered, put on a stop-loss short order on 8340 now and looking for a new top to short at

>>7491852
>the price will drop when the sell wall gets pulled
the absolue state

Should start moving down now.

Hope you did not get stopped

>>7492665
Fuck this i'm to tired to daytrade I'll chill with my btc

>>7491720
RIP
STOP SHORTING THE BULL MARKET, MORONS

Still in fiat.
Rebuying at 7600 later today.

Rip in piece and thanks in advance for the 5% stack anons

>>7493885
>Rebuying at 7600 later today.
Delusional.

Cannot brake 8600, you will see.

>>7493925
I think it will touch the 12 day EMA (daily chart), which is around 8800, and then go down.

>>7493885

'He soeuld? Pump it!'

I'm looking at the 6H myself and there it will hit its top at 8600 and the MACD will flip.

It's all fun and games, lets see

>>7493955
Notice that this happened twice in January. It failed to break 12 EMA and then fell.

(Not seeing the volume to go up to 8800)

>>7494015
January 19 and 27. Touched 12 EMA, failed to break the downtrend, then crashed.

>>7494038
Volume doesn't matter as much as you think. BTC went up from 7800 to 8400 now with very low volume last night.

>>7494067
Looking at daily then now, if the EMA tells the main story the first two times, and this will be a repeat, doesn't it suggest the price will move down again?

Although I'll agree the rsi and macd look much juicier on the daily compared to 6h.

>>7491720

Nothing wrong with trying to short it but I think you're being too greedy. You should be happy with a 2.5% return on your trade, and cut your losses at 1%.

So to close your short, you should have done 7995 for that particular trade, and your stop loss should be $8282.

>>7494179
>doesn't it suggest the price will move down again?
Yes, it could go down if it fails to break 12 EMA.
But who knows? That huge volume on Feb 5h indicates a trend reversal. That was a solid reversal, very similar to past reversals for BTC.

This market is heavily dominated by bots that make decisions based on EMA trends. When the market is 'bearish,' bots at 12 EMA and buy when the price falls below 1 or 2 standard deviations from it. When the market is 'bullish,' bots sell 1 or 2 standard deviations from EMA 12 and buy when it hits that line. So, if the market has turned bullish, they might as well wait for the price to cross 12 EMA to sell and we may see a trend reversal..

Obviously not all bots work like that. It's important to understand how bots make decisions. Usually MACD and RSI aren't as important as EMAs, though some bots use those indicators to make decisions.

T. I'm working on a bot.

>>7491720
short with more leverage and close it earlier

much less exposure

>>7491720
It has temporary support at 8,300 so I am sorry anon but you must suffer some more.

>>7494414

This is the first time I read about EMA being aparticular indicator for bots, but I'll keep that one in mind.

Thanks for the discussion and good luck in your endeavours.


(makes me chuckle a little bit desu that there are 150 topics on biz and this is the only one actually discussing price action)

>>7494594
From the point of view of a bot (kek!) the only thing that matters is the probability for the price to go up or down. As the price distances itself from the average price of the past few time periods, the chance that it will go up or down increases. So your bot wants to buy or sell when the price is below or above the EMA.

The problem is that, in order to be profitable, bots need use difference buying/selling strategies depending on whether the market is bullish or bearish. Is the market bullish or bearish right now? I don't know of any indicator that could reliably answer this question.

Threads with actual usual posts always die.
I'm testing a chande/kroll stop on a 34 tick dow (YM) chart and it's absolutely killing it.
Set up like Ichimoku cloud with no other lines.
settings: 10/34/3 where 34 is the ATR.
Maybe somebody can find a use for it.
Also look at VWAP and 1 std.

>>7494905
'useful' ffs

>>7491834
You're my hero smug short

is it time to close short positions ???keeps on hanging on 3750-3800 for about 1.5hrs now

>>7496277
*8350-8400

Are you having fun OP?