Thinking like a criminal/cheater - If I buy 1 million ETN on Kucoin BTC/ETN right now for .009017 and sell it on Liquid ETN/BTC for .009801 I just made 800 dollars minus the fees as long as I can do it fast enough right?
Well if I wait until the volume increases a lot to do this then maybe I can do this in the tens of millions as long as I can get buyers right? So the volume has to be there.
But then If I’m stuck with BTC and it crashes now what do I do? Send it to some other exchange and buy a stablecoin with it so it is not obvious that I am manipulating the market?
I personally cannot do lots of trading because of the stupid IRS rules, they will tax the s*** out of me so I just buy and HODL but someone in another country not limited by those rules…they are going to manipulate the market for sure and extract as much casheesh from it as they can.
Liked that it holded through the night.
I also think it flat out here now, ready to take direction up. I dont see the will to push below, last time it did those sats got very popular to buy. Indicating people think under 200 is a very good buy
This is a week old chart, the same chart i chart i will use to day, but we got som happening the last week that have played out a bit more aggressive then i thought, but ok it is still a run that was expected but not that quick.
I did think the yellow line was a tougher suport, but that was not the case, it hold some but by far not enough. I dont think the fib was that bad of a placement, but not good enough, so i will do one adjustment, but keep the existing one to the up trend to see the relevanse. The green line is the measurement from the descending triangle and to the bottom, when we hit the green (2500$) and get a V-shape the only way we got then is up, and we can start looking for higher high and lower high. So i think we got one or to more shorts to play.
So as we can see whit the new updated fib i am not sure if it actually have any value or if i done it wrong. I put in a read line to mark the last 10days trend just to have an expectation fore the next periode if nothing change. The interesting thing is 4 desember and i hope we got the turning point then, that will be cool to hit whit a date and we could play a Bull game. But i still dont think we got a bull run fora while, but it can be the turning-point, butt always remember that the bottom is zero!!!
The lastet droops have made me more bull than i thought at this point last week because we have dropped quicker than aspected. Do compare the char in post 251 and the only changes are those i pointed out in this post so i think i am on track.
ETN is difficulty to swing trade and i will wait to we hit 1$ so i am accumulating and happy whit that. Price ways i only see more users as mean for price to go up. I belive and wish ETN can go positiv if mobile companies start using us and we go live whit some deals. before that only smart money enters ETN or should i say the coming new rich people LOL. I have stated in other forums that 2019 will be the crypto year of regulations so i am exited for the new year, but i hope we start in Desember so we got a good entrains and then we will be a top 10 coin in January.
I really enjoy your charting and sincerely hope Bitcoin doesnt hit the $2500.
I cant see the big players not jumping on it before then with ETFs ETPs already emerging in Switzerland.
Thanks.
Maybe someone took that trade. Double bottom reached target.
At the moment we jumped out of the sub 4k area which is a good sign that we may not see more downwards momentum. Right now we have to see if 4k will become support again. That would be really nice and offer a couple more trades imho.
There is some bulls in this Monday market and it is so exiting, but the bears are strong and the market can be in a dead cat bounce and there is some resistance levels to overcome and the bulls need to showe significant more strength over time, so the next couple of days are scary. so to day i start the with the ETN/BTC chart on Kucoin 8H and look fore hope.
If we cant get some more bull action the next 12 hours BTC is F… and we have to wait fore the next try from the bulls. The positive thing is the volume is better.
In this periode BTC got a 44% drop and our correlation with BTC did give us a higher fall, but can also give us a bigger bull when times come. The weekends marking is suppose to be lower volum fore trading, but it looks like
it is no big different fore us and ETN is being use all over the globe and in no special place that makes the weekends dropp significant.
we are in a bear market and we are doing good and is not only a speculative trading option we are real, so i challenge all that have 1% FUD thoughts to showe me another coin that provides this info below and whit better numbers!!!
I’m still only looking for long positions at these levels.
At the moment on the hourly we see the btc price creating higher highs and higher lows. If we can keep this up that is very bullish.
Right now we are facing some support where we broke the double bottom yesterday. I believe if we cant hold that we will trade a little lower again. And a bounce will be a trading opportunity.
Yay! Back from the Thanksgiving holiday travel and I have a lot to catch up on as my attention was not on the markets much last week.
With it being what I call “double dip Monday” where we usually have the biggest dip of the week, today seems to be holding up nicely…so far. In terms of ETN, we seem to be doing well. I have charted an extended downtrend on the daily that has formed multiple descending triangle patters with multiple support lines. We failed to have a breakout a few days ago and fell. We are now approaching another descending triangle wedge where the tip is Friday, but I suspect we’ll break one way or another on Wed or early Thursday.
With the current climate, I suspect we’ll head down again to test the 190 support line…but this is crypto and things can turn around in the blink of an eye. Especially with such a low market cap. It won’t take much to catapult up.
SO i think we can say we are forming a suport/resistent level and if it holds it can be good news and the trend can change, but there is a lot of room downwards and this area can be short lived. But i want a clear sign for a trend reversal before i go bull, can you see a sign in the chart fore trend reversal? @CryptoMatt
If volume stays that high and we dont go down, we may see some rapid upside soon. But I dont see any specific pattern yet that would show a reversal. We are insanely oversold so any pattern like double bottoms will have lots of potential.
I’ll keep you updated
me liky liky
and we could play a Bull game. But i still dont think we got a bull run fora while, but it can be the turning-point, butt always remember that the bottom is zero!!!
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