The Altcoin (day) trading thread
OMG broke the 20k support.
ARK. STRAT. MTL. Now OMG.
Is there a single coin on Trex that has held a support line lately?
ARK. STRAT. MTL. Now OMG.
Is there a single coin on Trex that has held a support line lately?
Bittrex coins are dying.
Quote:[url=https://twitter.com/CoinzTrader/status/916223504470691840][/url]
^ I'm more optimistic about cryptos than you, SamB. That the coins on Bittrex aren't looking too good these days is probably a product of them not adding any new coins recently, so by now the hype on Bittrex's coins have gone stale.
But that doesn't speak to the fundamentals of coins like BTC, ETH, PART, OMG, etc. It has nothing to do with Bittrex whatsoever. I think they have a real future once the ICO moon chasing dies down, shitcoins flatline, and the next order-of-magnitude crypto pump happens, taking us to $1T+ market cap territory. I know you don't see that happening, but I think it is only a matter of when, not if... and I'm not alone in my thinking.
But that doesn't speak to the fundamentals of coins like BTC, ETH, PART, OMG, etc. It has nothing to do with Bittrex whatsoever. I think they have a real future once the ICO moon chasing dies down, shitcoins flatline, and the next order-of-magnitude crypto pump happens, taking us to $1T+ market cap territory. I know you don't see that happening, but I think it is only a matter of when, not if... and I'm not alone in my thinking.
Quote: (10-05-2017 10:25 PM)SamuelBRoberts Wrote:
OMG broke the 20k support.
ARK. STRAT. MTL. Now OMG.
Is there a single coin on Trex that has held a support line lately?
You are looking at it the wrong way.
Most alts have gained against the dollar, it's just bitcoin has gained more.
Take OMG, it's up 4% on the US$ in the last 24 horus, but down 1% on BTC as BTC grew 5%.
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LRC on a crazy run since 6 days straight now. Accumulated quite a bit and will continue to do next days.
Anyone else in LRC?
Anyone else in LRC?
Might be a good idea to pick up ODN (Obsidian) on cryptopia this week and then sell when it gets listed on HitBTC next week as they just announced a listing for 15th October. Potentially some money to be made here short term.
Quote: (10-06-2017 07:39 AM)NewMeta Wrote:
Might be a good idea to pick up ODN (Obsidian) on cryptopia this week and then sell when it gets listed on HitBTC next week as they just announced a listing for 15th October. Potentially some money to be made here short term.
Agree, cam here to post the same. Filling up as we speak.
Doing some research on BNB whether to enter or not on the dips.
Quote: (10-06-2017 07:39 AM)NewMeta Wrote:
Might be a good idea to pick up ODN (Obsidian) on cryptopia this week and then sell when it gets listed on HitBTC next week as they just announced a listing for 15th October. Potentially some money to be made here short term.
Has a HitBTC listing ever affected price? Honestly asking here, 'cause I was talking with some folks about this earlier tonight and the answer seemed to be "no".
Quote: (10-06-2017 06:16 AM)Jean Gabin Wrote:
LRC on a crazy run since 6 days straight now. Accumulated quite a bit and will continue to do next days.
Anyone else in LRC?
Congrats to anyone who got in at the bottom on LRC. 15 to 56. What a ride that must be.
It looks like it still has some gas left in it too, but at 69 million marketcap the risk is too high for me.
Also I hope everybody sold their BAT.
Also not too sure on the effect of the hitBTC listing on ODN- it's a bit too risky to bet on IMO.
RVF Fearless Coindogger Crew
I hope you guys swing traded Obsidian. It dumped. I bought in at 60 cents and sold at 80c. The top was 87c.
^^ it's easier to hold when you get in at ICO prices. Just released a formal statement saying that hitBTC is their next exchange to list. We'll see where this goes in the near term.
Obviously it's easier to hold when you got it at the bottom.
Swing trading different coins is fun in the meantime while your waiting for your next ico.
Swing trading different coins is fun in the meantime while your waiting for your next ico.
What's your methodology for swing trading?
A lot of people I know are making good money on it but I just can't figure out how it's done.
A lot of people I know are making good money on it but I just can't figure out how it's done.
Quote: (10-06-2017 01:52 PM)NewDayNewFace Wrote:
I hope you guys swing traded Obsidian. It dumped. I bought in at 60 cents and sold at 80c. The top was 87c.
No, but I did just sell wtc at the peak today, right before it corrected.
They announced HitBtc as well.
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To Sam:
My strategy is don't be greedy. When you see some profit just cash out. It worked with obsidian and I cashed out at some good gains. Sometimes it'll bite you in the back just like chainlink. I took the 50% gains instead of the 500% gain.
But on the flip if your confident in something just hold. I'm confident in 0x and Kyber and will hold that for at least a year.
My strategy is don't be greedy. When you see some profit just cash out. It worked with obsidian and I cashed out at some good gains. Sometimes it'll bite you in the back just like chainlink. I took the 50% gains instead of the 500% gain.
But on the flip if your confident in something just hold. I'm confident in 0x and Kyber and will hold that for at least a year.
Holding XLM for a week or less, after XRP pump this one will go up too but much harder.
Substratum (SUB) currently only trading on EtherDelta, confirmed to be listing on Binance. Anyone getting in on this?
RVF Fearless Coindogger Crew
5 eth deep in substratum now (11k SUB). Hoping for a quick flip between now and the Request ICO opening up. Even if it doesn't pan out spectacularly I don't really mind, honestly I'm only doing this to pass the time between now and October 13th.
RVF Fearless Coindogger Crew
Quote: (10-06-2017 09:40 PM)SamuelBRoberts Wrote:
What's your methodology for swing trading?
A lot of people I know are making good money on it but I just can't figure out how it's done.
Swing trading is doing the opposite of what everyone else does. You buy when everyone else sale. The trick here is knowing when to buy. You buy when there is a panic usually . You look at that and determined what it's rightful price and if the drop is justified.
If you feel confident that the price will bounce back up after a panic then you buy. Of course some coins never recover but you play on probability. Nothing is 100% safe. If I feel there's a 70% chance of recovering. I buy.
Another thing is patience. Some dips take a week or more to recover. Don't panic and sale. Trust that there are a lot of supporters for that coin that they will push it price back up where they think it belongs.
Of course, you have to know all the technical analysis of reading a chart and candle sticks like you do with day trading.
Swing trading is how you can make money while the market is stalling. I'll always keep a stash in Bitcoin and Ethereum of course
Wetrust (TRST) is gonna get pumped up. Bout to get in and see if I can swing it a little bit. It's currently at 29 cents.
Quote: (10-07-2017 09:55 PM)NewDayNewFace Wrote:
Wetrust (TRST) is gonna get pumped up. Bout to get in and see if I can swing it a little bit. It's currently at 29 cents.
Too late for me to get in. Where do you get this intel? I'm in some paid groups, checking twitter etc but the only news I read about TRST (Vitalik advisor) was after the pump
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Quote: (10-07-2017 11:01 AM)thebassist Wrote:
5 eth deep in substratum now (11k SUB). Hoping for a quick flip between now and the Request ICO opening up. Even if it doesn't pan out spectacularly I don't really mind, honestly I'm only doing this to pass the time between now and October 13th.
Sub is also available at the Coss.IO exchange for people who don't want to deal with ED bullshit (And who does?)
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