MISC Crypto Crew (MCC) Vol: XII: Retirement plans and exit scams

[mrc19888]

Pretty sure hes talking about trading against USD or BTC value, which compared to traditional markets can be very tricky to balance trading crypto. For example, in the bullrun of last year when BTC was making highs my $ value was going up on my alts, however the actual sat value was decreasing as BTC was gaining more relative to alts. So logic would've said yes while USD value is increasing, I would've gained more USD value by just holding BTC.

Oh completely understandable. Umm, I would say this convert it mentally to whatever currency you spend daily. I base all my trades off of percentages regardless of the pairing. Then convert the total amount into dollars before the trade is exectued to see where I'd end up.

[manjay]

Oh completely understandable. Umm, I would say this convert it mentally to whatever currency you spend daily. I base all my trades off of percentages regardless of the pairing. Then convert the total amount into dollars before the trade is exectued to see where I'd end up.

Yeah, was gonna say trading between crypto pairings and back into USD or USDT is probably the best means to hold onto gains. It can take a bit of work however watching buy into btc, then the alt, back to btc, and then back to USD and be sure that the entire trade is profitable.

For this reason I just trade to sats to gain more BTC, in saying that while my BTC stash is increasing it got destroyed on $ value on that break from 6k. If I wanted to keep an eye on charts for hours a day I'd prob go the exchange to $ route though.

[mrc19888]

Yeah, was gonna say trading between crypto pairings and back into USD or USDT is probably the best means to hold onto gains. It can take a bit of work however watching buy into btc, then the alt, back to btc, and then back to USD and be sure that the entire trade is profitable.

For this reason I just trade to sats to gain more BTC, in saying that while my BTC stash is increasing it got destroyed on $ value on that break from 6k. If I wanted to keep an eye on charts for hours a day I'd prob go the exchange to $ route though.

That's actually exactly what I do. I have 4 charts per screen loaded up over 3 screens. I also have my laptop fulltime on the BTC chart. Trading back into tether or USDC (IMHO is a better option long term) doesn't cost much maybe total loss is 0.4% if you want to move extremely quickly in and out at market prices. My target goal for most trades is minimum 1.8% figuring by the time I take it in the pooper going back to BTC back to USDC I'll still profit 1.4%

Edit: I almost never make a market buy on any coins, only when switching back to tether, USDC, or BTC.

Edit Edit: Nice 5% drop on BTC this hour. lol

[manjay]

Yeah.. just like that btc tanks and alts with it.

[mrc19888]

Yeah.. just like that btc tanks and alts with it.

This is the most opportune time to buy. I'm watching that BCH ABC level around 155.

Edit: so far almost perfectly retraced off the .5 fib retracement. next huge level to watch if it starts skating down again would be 137. beyond that I would expect a free fall lol.

[Omnivium]

Well that was fun while it lasted. Now back to your regularly scheduled dumping

[gixxer0.6g]

Lol, did silence buy the top again?

Gummy some cheap NYC for Christmas bear whales.

[Silencespeaks]

Aww Christmas grinch dump.

But Merry Christmas cryptocels!

[mrc19888]

Pick your pony, I'm calling a christmas miracle on PPTBTC or MCOBTC to have a 30% banger. They've both shown wild volatility in the event of having an unusually strong day the following day after.

[Silencespeaks]

Lol, did silence buy the top again?

Gummy some cheap NYC for Christmas bear whales.

Lol yeah I guess. Not much thankfully and still have some low orders waiting too.

[mrc19888]

Pick your pony, I'm calling a christmas miracle on PPTBTC or MCOBTC to have a 30% banger. They've both shown wild volatility in the event of having an unusually strong day the following day after.

This is aging incredibly well.

[Parkerscott]

. How you boys doing, as I said my SH stock keeps rising every day... enjoy your coins and Robinhood losses *******s...lol merry Xmas

Merry Christmas Kenny

[juvefan]

Merry Christmas Kenny

[img]https://i.imgur.com/img]

Delete dis

[gixxer0.6g]

Lol yeah I guess. Not much thankfully and still have some low orders waiting too.

Not that it's going to matter in a year or two when btc hits $100k
Merry Christmas Silence

[sakmsb]

Bakkt might delay the launch again.

[mrc19888]

There's some insane bounces going on right now. 10-20% hour over hour

[Parkerscott]

Delete dis

kenny needs to see first m8

[Silencespeaks]

Not that it's going to matter in a year or two when btc hits $100k
Merry Christmas Silence

Merry Christmas!

[Parkerscott]

Merry Christmas!

merry christmas my lil croissant

[Silencespeaks]

merry christmas my lil croissant

Merry Christmas BATman

[Tommy12Orr4]

Merry Christmas, fellow crypto brehs and brehettes!

May I not book back exactly one year today at the prices and cry myself to sleep!

All I want for Christmas is just one thing, two words.

Bull run.

[Omnivium]

All I want for christmas is for my family to not bring up cryptos this year. They will though

[anonymous]

All I want for christmas is for my family to not bring up cryptos this year. They will though

Hopefully mine don't remind me of how I showed them my binance account that gained 50k in a month and told them to look into some Chinese chitcoins.

[Mogambo]

Need some input from TAers. I'm reading up on moving averages and came across this:

Since they take the average of past price movements, moving averages are better for accurately reading past price movements rather than predicting future past movements. .

Is that a typo or is there a meaning to that? Is it saying that moving averages are better at understanding price movements that have already happened vs using it as a tool to predict price movements to come? The phrase 'predicting future past movements' is throwing me off.

[mrc19888]

Need some input from TAers. I'm reading up on moving averages and came across this:

Since they take the average of past price movements, moving averages are better for accurately reading past price movements rather than predicting future past movements. .

Is that a typo or is there a meaning to that? Is it saying that moving averages are better at understanding price movements that have already happened vs using it as a tool to predict price movements to come? The phrase 'predicting future past movements' is throwing me off.

My main use of TA is to look at where a market reacted at certain price levels. or certain fib retracements, I only use this to try to see how any particular coin will look in the future. Most people will say TA doesn't help accurately predict the future, I would somewhat agree except I look at TA as charting past market psychology. Humans tend to act the same over and over and over again. I don't know a better way to explain exactly what moving averages are other than it's literally right in the name. They show the PAST moving averages smoothed out over whatever time frame you have it selected to. I only give a particular amount of thought to the whatever MA I have set for the longest timeframe. Crypto markets move far too fast to look at anything under say 1 hr bars or half hour bars to get any accurate concept of what the price is doing. I feel like these would be far more efficient in slow moving markets such as the stock market. Just my $0.02 I'm sure someone can explain it better.

[Bar182]

Need some input from TAers. I'm reading up on moving averages and came across this:

Since they take the average of past price movements, moving averages are better for accurately reading past price movements rather than predicting future past movements. .

Is that a typo or is there a meaning to that? Is it saying that moving averages are better at understanding price movements that have already happened vs using it as a tool to predict price movements to come? The phrase 'predicting future past movements' is throwing me off.

All indicators are simply made up of time, price and volume. Hence essentially all indicators are lagging.

If you want the best entries you gotta get in before everyone else, so that will be before any indicators give confirmation. Nothing wrong with waiting for confirmation though, but you won't get the best risk reward.

[mrc19888]

Christ volatility is insane right now. I hope you guys have found time on this fine Christmas to make some magic happen.

[juvefan]

Just lol if you think normies still give a chit about ur crypto fad or even remember wtf bitcoin is

[mrc19888]

has anyone noticed ENJ coin having a ridiculously solid month? I'm not sure how this coin stayed off my radar for so long. Trending on low volume now so I wouldn't be interested unless I could hop in on a dip for something but almost up 100% this month steadily in a month of vast volatility.

[lowstrife]

All indicators are simply made up of time, price and volume. Hence essentially all indicators are lagging.

If you want the best entries you gotta get in before everyone else, so that will be before any indicators give confirmation. Nothing wrong with waiting for confirmation though, but you won't get the best risk reward.

I agree. I do think some indicators in specific situations do matter, but it's very very uncommon. I'm talking once or twice a year.

Otherwise, looking at candle structure and support/resistance is much better imo