Bitcoin Day Trading

We’ve previously examined general Bitcoin trading in depth. This article focuses on day trading Bitcoin.

What is Day Trading?

Given the chaotic sleep schedule of most traders, “day trading” could be better stated as:

Trading when it’s convenient to you, without holding any position while you sleep.

Day trading is an active and involved trading style which seeks to capitalise on short but significant price moves.

The good news is:

Bitcoin has more than its fair share of short but significant price moves! This makes Bitcoin a great instrument for day traders.

Why Day Trade Bitcoin?

We might go so far as to call Bitcoin the ultimate day trading instrument, based on these 5 factors:

Trading-focused Bitcoin exchanges have very low fees and minimums compared to traditional exchanges. Zero fees for makers are common and you won’t pay more than 0.25% in fees if you choose your exchange wisely. Our site helps you choose!
Bitcoin can be traded from anywhere in the world, 24 hours a day, 365.25 days a year. It doesn’t matter where you are or when you have time to trade; you can be part of the multibillion Dollar Bitcoin market if you have an internet connection.
Day trading lets you profit from Bitcoin without having to understand its technical complexities nor hold a long-term position in a new form of money, which is still considered experimental.
Several Bitcoin exchanges offer leveraged trading. This means you gain can more exposure to upside and downside price risk than your trading budget would ordinarily allow.
Bitcoin’s volatility remains much higher than most other trading instruments, with the exception of alternative cryptocurrencies. This means you’re likely to find plenty of tradeable action in the Bitcoin market. For better or worse, Bitcoin seldom has dull, sideways price action!

Bitcoin volatility over time, currently averaging 4.5%

One Good Reason Not to Day Trade Bitcoin

Unless you’re a skilled professional day trader, perhaps with a bit of luck, it’s usually much easier and more profitable to adopt a longer term strategy. Simply buy Bitcoin at a major low and sell it at the next major peak (or vice versa if you’re betting on a price fall). This strategy saves a lot of screen-watching, stress, and trading fees.

Our guide to general Bitcoin trading covers the various timeframes and their related trading approaches. Be sure to consider all of them before committing to day trading! Day trading is demanding in terms of time, energy and attention. If you already have a busy lifestyle, it’s probably not a good fit for you.

How to Day Trade Bitcoin

You’ll need 4 things to get started with day trading Bitcoin:

A good Bitcoin exchange for trading,
Trading capital,
A gameplan.

Let’s discuss these elements in detail…

Bitcoin Exchanges for Traders

Check out our full article on the leading Bitcoin exchange by volume, Bitfinex. Other good options for traders include Bitstamp, Kraken, BTC-e, Cex.io, GDAX, Luno… the list goes on!

If you wish to search for a good exchange for your location and / or payment method, BuyBitcoinWorldWide exists for this exact purpose. Search for exchange (as opposed to “broker”) entries which specifically mention low fees, deep liquidity, and an interface designed for traders.

Trading Capital

Only day trade with funds you can afford to lose. If you’re a new trader, the odds are extremely high that you will lose your initial trading funds. Always start out with a small amount while you learn and practice and consider this amount as “school fees.”

Your Gameplan

Day trading is based on technical analysis; the ability to make market decisions based primarily on price charts. This skill takes a lot of practice and screen time to master. Even more important is a sound money management strategy. Markets can never be predicted with perfect accuracy so proper money management is key. It will minimize your losses due to wrong calls and maximize your profits when you get things right.

For further info, check out our general guide to trading.

Day Trade: Buy and Sell Bitcoin

Last updated on January 2nd, 2018 at 12:00 am

Bitcoin, with it’s occasionally extreme volatility, and low fees per trade, is a day trader’s dream, and worst nightmare, at the same time. Due to the huge influx of novice traders attempting to day trade Bitcoin, heavily invested individuals manipulating the market, and a plethora of trading bots pushing the price in often unpredictable directions, it can often seem impossible for the average day trader to know when to trade. However, it is possible. I cannot speak for anyone else’s results, but I have had quite a bit of success by following the steps below.

1. Be disciplined when trading Bitcoin.

One of the biggest mistakes I see in Bitcoin traders, both beginner and experienced, is allowing emotion to influence their trades. I am guilty of this myself, as are all people, because my rational brain will attempt to justify an emotional decision. If all indicators are pointing down, and you are stuck holding coins, don’t allow yourself to irrationally hold onto them, hoping for an unrealistic upturn. That would be acceptable for an investor, but not for a day trader. From time to time you may get lucky, and catch a bull trap to sell into, but more often you will not. The same is true for the inverse. Do not get stuck in fiat during a strong rally. Accept your mistakes, buy Bitcoin before you have lost too much, and learn what to look for in the future.

2. Even with Bitcoin, Trust your Indicators.

Pick a chart with the indicators you want, and use them. There is a reason that most professional traders use a multitude of indicators, and often create rules, or algorithms, based around them. Charts, when combined with the proper indicators, will give you a huge advantage over the majority of the market. They allow you to spot trends, simplify decisions, and logically analyze the market. While Bitcoin may not behave exactly the same way that other markets do, it is similar enough to use many of the same tools as a traditional day trader.

3. Intelligently Choose Your Tools to Analyze Bitcoin Charts.

Choosing random indicators, with random settings, will not tell you anything about the Bitcoin market, or potential trends. Worse, you run the risk of misleading yourself with incorrect information. If you have no experience analyzing charts, or using indicators, then I suggest starting off with a couple of moving averages. I prefer EMAs (Exponential Moving Average) over SMAs (Simple Moving Average), but actually use 2-4 of each. When you are starting out, one long EMA, with a number of periods between 17 and 50, and one short EMA, with a number of periods between 5 and 13, should suffice. Also, try to avoid using time intervals that are too short. A 5 minute time interval will contain too much noise to be of any use. 15 minutes is better, but still a bit short for my tastes. 30 minutes, or more, will generally make spotting trends significantly easier. Shorter intervals can be useful to see potential trends, but should not be used exclusively to make trading decisions.

4. Do Not Overload Yourself With Information. Too Many Indicators Can Skew Your Perception of the Trends in Bitcoin Price.

It can be tempting to fill a chart with every kind of indicator available, expecting to analyze the market completely, but that is a trap. When piling on more and more information, you may lose sight of the bigger picture, as well as the small details. Too much analysis of a single chart can blind you. Try to limit the number of indicators on a single chart to an amount that does not cause an overwhelming amount of clutter. Also, choose indicators that synergize with each other, rather than ones that have little relation to the style of trading you are doing, which is day trading Bitcoin. Analysis going back a year is unlikely to help you, as you should be more concerned about today, and Bitcoin’s long-term growth has very little to do with the charts. If you still want to use more indicators, I suggest using multiple charts. I tend to use a few charts at a time, with varying time intervals and indicators, so I can quickly get a feel for the different aspects of the market without “missing the forest for the trees.”

5. Read the News. Not All Bitcoin Related News Will Have an Impact, but Big News WILL.

In most markets, good or bad news can have a huge effect on the price of a stock, future, derivative, etc. This is not only true for Bitcoin as well, but is often amplified. Good news can send it rocketing up to new heights, while bad news can cause it to crash down to lows that are a fraction of a previous high. Keep tabs on all Bitcoin, and general digital currency, news. If something amazing has happened, it may a good idea to buy and hold. If the news is bad, then expect the bears to come in. While it is a bad idea to trade on your own emotions, it is still important to understand the emotional trading of others.

6. Be Ready for Breakouts, in the Bitcoin Price, with Strong Trends.

This idea was touched on in #5. Day trading Bitcoin is a lot of fun, and can be very rewarding. However, you need to be prepared to switch to bullish investor mode if the market goes into another bubble style rally. This generally happens at times when new sections of the population are starting to adopt Bitcoin, a new, positive breakthrough in use, regulation, or development has happened, and large investments are coming in. In the past, these rallies have resulted in the price increasing by an order of magnitude or more. Conversely, if the news has been nothing but negative, Bitcoin related companies are going bankrupt, and the general population is becoming more skeptical, it may be time to sell and take a step back. Never try to catch a falling knife. It is much better to miss a bottom, and buy in when the price has stabilized a bit, than it is to buy in during a strong downtrend, only to have prices sink lower and lower. In both of these situations, the usefulness of charts and indicators is deteriorated significantly. They can still be used, but should not be completely relied upon.

Following these rules, along with a bit of research into how the various indicators function, will allow you to day trade Bitcoin with relative safety. Of course, nothing is a guarantee, and that is especially true in a market like this. Unlike many other investments, Bitcoin has the potential to go to both extremes, in terms of worth, very quickly. On top of that, the exchanges themselves can be dishonest, as has been demonstrated over recent months. I have faith in the current leaders of the exchange market, and there are very trustworthy players working to enter the market, but trade at your own risk. Never day trade Bitcoin, or day trade at all, with more than you can afford to lose.

Bittrex CEO announces USD pairings

Bittrex CEO announces USD pairings!

Bittrex CEO announced USD pairings on our podcast.

The information provided in this report is for informational purposes only. It should not be considered legal or financial advice. You should consult with an attorney, financial advisor, or other professional to determine what may be best for your individual needs.

1000x Group does not make any guarantee or other promise as to any results that may be obtained from using our content. No one should make any investment decision without first consulting his or her own financial advisor and conducting his or her own research and due diligence.

Content contained on or made available through the website and the report is not intended to and does not constitute legal or investment advice and no advisor-client relationship is formed. Your use of the information from this report is at your own risk.

The views and opinions expressed in this report are those of the author and should not be construed to represent those of 1000x Group.

The report’s author will be referred to as – 32E3690D50B3B477DF7841212D4BB938DC9CDB50307618328E7F8B53F37CC1E2

The author is concerned about backlash and has asked to remain pseudonymous by signing this report with a public hash of their name.

Sometimes people express views and opinions that are not popular. A pseudonymous hash signature enables an author to share such views and opinions without facing personal backlash.

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Author’s opinion – it is highly unlikely that Tether is growing through any organic business process, rather that they are printing in response to market conditions.
Tether printing moves the market appreciably; 48.8% of BTC’s price rise in the period studied occurred in the two-hour periods following the arrival of 91 different Tether grants to the Bitfinex wallet.
Bitfinex withdrawal/deposit statistics are unusual and would give rise to further scrutiny in a typical accounting environment.
If there is questionable activity, the author believes a 30-80% reduction in BTC price could be forecast.
Report

Tether[1] is a “stablecoin,” a token on the Omni network (overlaid on the Bitcoin network) seeking to maintain a stable value of one USD per Tether or “USDT”. Tether in its current incarnation is a 2014 rebranding of Realcoin[2] ostensibly functioning by taking USD deposits from customers and exchanging them for an equal amount of USDT. An advantage of Tether is the ability to price digital assets in USD without having USD-denominated bank accounts. Given the extreme difficulty many exchanges have faced in maintaining banking relationships around the world this arrangement is quite attractive. As of the time of writing there are 2,150,000,000 USDT in existence[3] on the Omni network and another roughly 14M Tether denominated in Euro on the Ethereum network as ERC20 tokens. This analysis will focus on the USD denominated Tether on the Omni network.

A number of worrying events have brought attention to Tether throughout 2017. In April they revealed that their banking relationships in Taiwan[4] had been severed; this led to a general suspension of deposits and withdrawals for retail customers. April also saw the beginning of a massive expansion in the number of Tether on the market despite their self-proclaimed inability to accept deposits from non-Taiwanese bank accounts4. Early September brought denials from Tether that they were undercapitalized and promised a historical audit that is still incomplete as of this writing[5]. They produced an internal document in late September[6] purporting to show USD balances backing the then modest amount of

440M USDT, a figure that had increased ten-fold in only 5 months. The service agreements and institutional names attached to these funds were not divulged to the public internal memo, a reduction of transparency since their April report establishing the names of their earlier banking partners. In November they suffered a hack[7] which was mitigated via an amendment to the Tether network code, allowing them to “freeze” funds worth over 30M USDT. In December they announced that the existing platform would be phased out and no further deposits on the current wallets should be attempted[8].

The highly correlated growth between Tether issuance and Bitcoin price raises several interesting questions – Is Bitcoin growth driving Tether? Is Tether issuance driving Bitcoin? If one were to assume the worst case scenario, that Bitcoin’s price has been artificially pumped up by Tether issuance, one would expect the market price of Bitcoin to be closer to $2,000 based on the trendline before April 2017 and the marked growth in Tether issuance.

A Guide to Day Trading Bitcoin & Other Cryptocurrencies

by Nick Cawley , Analyst

Fundamental analysis and financial markets.

A Guide to Day Trading Bitcoin & Other Cryptocurrencies

This guide is designed to help day traders navigate the cryptocurrency market with control and confidence and is built on decades of experience garnered by DailyFX analysts and authors . We will study a wide range of fundamental, technical and psychological trading techniques that will help you master short-term trading in one of the most talked about and volatile marketplaces.

Before we start our trading journey it is important to understand that day trading cryptocurrencies, be they Bitcoin , Ethereum , Litecoin , Ripple or any of the other liquid digital coins, is not for everyone. The techniques and experiences however in this guide are fully transportable to other asset classes, be they currency pairs, commodities or indices.

Why Do I Want to Day Trade Bitcoin & Other Cryptocurrencies – What are my Drivers?

A simple question yet one that any day trader should take some time to answer honestly. The cryptocurrency market is still in its early stages yet has gathered more column inches and press coverage than any other asset class in the last two years. This coverage ranges from doom and gloom and ‘bubble bursting’ predictions to tales of instant millionaires, a jet-set lifestyle and garishly coloured Lamborghinis. Ignore Them.

Traders must know when they enter this volatile marketplace their primary objectives , be they short-term trading, long-term investing, part-time trader, full-time trader or just someone who wants to use the crypto-currency space to become comfortable with volatility before moving to another asset class.

Be Comfortable with the Market - Be Comfortable with Yourself.

To become comfortable and confident with the market you need to practice and learn, and keep doing this throughout your journey. As one of the world’s greatest golfers Gary Player once said, “The harder I practice, the luckier I get”. And this is a truism as practice breeds confidence, not from just showing you what you are doing right, and helping you ingrain that in your daily trading activity, but equally importantly it also shows you what you are doing wrong. Online Trading Academies are also a valuable source of information and should be used at all stages of your trading journey.

New traders should open a Demo Account before they commit any money to the market and apply different technical trading techniques alongside rigorous fundamental market analysis and execution set-ups.

When learning lessons remember how you got there by recording both winning and losing trades, why you entered the trade, why you put specified profit and loss limits, why you put that particular amount of money at risk and how you felt after the trade was closed. Again, be honest as these experiences will help you in the future by giving you a real-life example of how and why trades go right or wrong. Do no t take any short-cuts in your trading analysis.

When you set up for the day ahead of entering the market you must feel in a good, positive mood and welcome the challenge ahead. If you are tired, in a bad mood, rushed or feeling ill, do not trade , turn off your computer and reassess where you are. The cryptocurrency market is a day trader’s dream market with enough volatility each day for you to follow your dreams. Do not force trades, do not trade if you are ill, tired or angry; your discipline will falter and you will end up on the losing side.

The Cryptocurrency Market is Extremely Volatile – Good.

One of the main attractions of day trading Bitcoin (BTC), Ether (ETH), Ripple (XRP) or any one of the other liquid coins is volatility – prices that fluctuate rapidly and/or in a wide range are said to be ‘highly volatile’. This volatility is one of the main draws for short-term/day traders as it gives them the opportunity to get in and out of the market, hopefully with gains.

We have mentioned liquidity before and this is a must have when day trading and should be a major influence on not only the cryptocurrencies that you are trading but also the marketplace where you are trading . The current top four cryptocurrency coins by size – Bitcoin, Ether, Ripple and Bitcoin Cash – all currently have market capitalizations in excess of $20 billion, providing an ample source of liquidity. Keep an eye on your chosen coin/s market size – and maybe the next four coins below – to make sure liquidity is constant .

Also check the total number of a particular coin in circulation and whether more coins can be printed or if an original partner/owner in that particular coin has a substantial holding.

Choose Your Marketplace and Provider Carefully

It is not just the capitalization of a coin that makes it liquid, the exchange/marketplace where you trade that coin is equally important. There have been numerous examples of exchanges – and remember these are mainly unregulated – that have halted trading in times of extreme volatility or because they have been hacked or they cannot handle the volume of trades. There have been many examples of cryptocurrency exchanges that have suddenly closed down with clients losing some or all of their money. So, choose your market place carefully and make sure liquidity, reliability and if possible market regulation are at the top of your list before entering any trade. Investment firms like IG ‘ring fence’ client funds by using segregated accounts at regulated banks and are authorised and regulated by the Financial Conduct Authority (FCA).

In addition trading is about being comfortable, and being able, to go both long and short in any of the coins you decide to trade. If you are unable to short a coin – sell a coin that you don’t own – your chances of making money on a regular basis are severely curtailed. Check that the marketplace that you are going to use gives you maximum flexibility and reliability .

Discipline is Key – The Key to Trading Success

As we have mentioned earlier, it is extremely important to know why you are trading cryptocurrencies and what you are looking to get out of it. Stick to your goals and don’t let the market bully you into trading when you do not want to.

When entering a trade, identify your entry price, your stop loss level and your target price. Do not enter a trade without a stop-loss, without fail . Even better if your provider can offer you a guaranteed stop-loss – normally for a small premium – you should consider it carefully. Market volatility can force prices straight through a stop loss - slippage - which can leave you at the mercy of your provider for your eventual fill.

Margin trading , if offered by your provider, ramps up volatility and unless you are absolutely clear that you are able to use it correctly, leave it. Traders should also consider Contracts for Difference (CFDs) very carefully before using them. The market has enough volatility of its own and will continue to offer you opportunities to trade profitably.

One of the main ways that traders lose money is by losing discipline and chasing losing trades or by ‘doubling-down’ on positions that are going against them . This is the market controlling you and taking your money right in front of your eyes.

Just. Don’t. Do. It…Ever.

Enjoy Your Chosen Journey

In all walks of life it is vitally important to enjoy your chosen profession and day trading or any other market is no different. A full-time day trader will need to spend hours every day studying the market, reviewing past trades, looking at potential new trade set-ups while constantly researching and updating a wide range of fundamental and technical trading techniques. It is a full-time job and should be treated with the same dedication and respect as other professions.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

Bitcoin Day Trading 2018 – Tutorial and Brokers

Bitcoin day trading has seen a huge surge. With plenty of volatility and price movements, it’s an ideal day trading market with huge trading volume per day. This page will outline bitcoin strategies and tips, plus highlight why a day trader looking for profit should delve into the BTC world. Use the broker list to compare the best bitcoin brokers 2018.

Bitcoin Brokers in Russia

Bitcoin Chart

What Is Bitcoin?

Bitcoin is part of the emerging cryptocurrency market. Whilst cash is made of paper, bitcoins are basically clumps of data. Scrapping the bank or governmental middle man that act as an intermediary for your money, cryptocurrencies enable the transfer of money directly between individuals, utilising secure blockchain technology.

The blockchain is a secure ledger of transactions. Digital coins can be mined by processing complex mathematical algorithms. The blockchain network records each transaction, securing the entire process – but crucially – speeding it up. Charges are made per transaction.

Bitcoin was the first cryptocurrency to utilise the technology, and subsequent growing pains have led to ‘forks’ in the process. This resulted in the introduction of Bitcoin Cash. Other currencies then tried to improve the process, both in terms of speed, but also, costs and energy requirements. Ripple, Ethereum and Litecoin all claim to be superior to Bitcoin.

The vast wealth of bitcoins are held in the hands of a few, so bitcoin is bought in fractions as low as one-hundredth of a million, which equates to just less than one-tenth of a cent currently. This means anyone can dabble and explains the boom in bitcoin trading volume per day.

The current cryptocurrency market is estimated to be worth around $148 billion, but analysts believe that figure could climb to a staggering $1 trillion by 2019. This makes day trading bitcoin in 2017 an appealing proposition. Bitcoin makes up half of the cryptocurrency market and Roger Ver, Bitcoins CEO, believes ‘it’s the dawn of a better, more free world’. Whilst that remains to be seen, it does have certain attributes that make it tempting for those looking to make money day trading bitcoin.

Why Day Trade Bitcoin?

Never a dull moment – With swings of over 10% in a matter of hours, this volatile market should give you the chance to find traceable action, and a potential profit for a savvy bitcoin day trader. Put simply – it’s an exciting market to day trade in. So unless you hand over your trust to a day trading bitcoin bot, you’ll have fun glued to the screen.
Ideal for those comfortable with Forex – You don’t need to understand the complex technical world of cryptocurrencies and bitcoin. It’s basically a currency, enabling you to apply the same thought processes when you’re day trading bitcoin as you would when you’re day trading Forex.
Potential for leveraged trading – Some bitcoin exchanges offer leveraged trading, which could give you greater exposure to upside and downside price risk than your trading budget may normally allow.
Universal access – You can start day trading bitcoins anywhere on the planet, 24 hours a day, 7 days a week, 365 days a year. You simply need an internet connection. Plus, because you’re day trading you don’t need to have a long term view about whether cryptocurrencies will succeed. In addition, whilst the stock market can be a pricey place for normal investors, with Facebook and Apple shares costing around £110 per share, you can dive into the cryptocurrency market with just a dollars or pounds.
Low day trading bitcoin fees and taxes – Compared to many traditional exchanges, bitcoin focused exchanges offer low fees and minimums.
Go Long or short – Each day is different, you can be bullish and bearish the same week.

Bitcoin Wallet

To actually own bitcoin (rather then speculate on the price), you need a digital wallet to store your cryptocurrency. There are a whole range of wallet providers out there, but we like Hodly. It offers higher levels of security than most and is backed by large, regulated brokers.

What You’ll Need To Start Trading

So you want to make money day trading bitcoin? Now you understand why to trade and what you’re trading, but here’s a bit more detail on the how.

Step 1 – Find out the price

One of the first things you’ll need to know is what the price is. To do that you’ll need to head over to an index or broker to see the latest traded value. You can also use orders – open orders or limit orders – to enter the market at the point you want to.

Step 2 – Pick a broker

One of the biggest decisions you’ll have to make is which exchange or broker to deposit funds with. Day trading bitcoin on Coinbase has become particularly popular in recent years. Coinbase acts like a digital wallet, allowing you to transfer currency with ease from an app. However, there are other choices too, including:

Away from the direct exchanges, there are also brokers that will allow you to trade the underlying asset of Bitcoin, without actually owning it. It can for example, be traded within a forex pair against the US dollar. Other brokers, such as IQ Option, will also allow you to speculate on bitcoin via CFDs or spread bets. Our broker table will show which firms offer one-click trading of bitcoin.

Step 3 – Capital

Before you can make money day trading bitcoin you’ll need some capital to start with. The internet is packed full of warnings about losing all your money so let’s keep this brief. Whilst you find your feet, using a small amount is advisable. It’s also worth highlighting that you should never trade more than you’re willing to lose. Be strict and regimented with what you can and can’t afford to lose, and you’ll never need to worry about losing out to the cryptocurrency market.

Useful tip – If you’re using credit cards, you may get charged up to 3.99%, so keep an eye out for credit cards that offer 3% cash back so you can negate part of the cost.

Step 4 – Bitcoin strategies

Rodger Federer doesn’t step onto the tennis court without a clear trading strategy, and you shouldn’t start day trading bitcoin without one either. Some people seek the assistance of a bitcoin day trading bot, others rely on their own technical analysis and judgement. Nearly all bitcoin day trading tutorials will suggest you utilise price charts and have an effective money management strategy. This will help you keep losses at a minimum and profits high.

Reading the charts

Whilst you will find an abundance of line and bar charts, don’t make them your bread and butter. Candlestick charts offer you the most information in the smallest amount of space. From them you can learn several essential bits of information:

What was the price when it opened and closed.
How high the price got during the time frame, as well as how low it dropped.
If the candlestick is green, then you know the price closed higher than when it opened.
When it’s red, it tells you it closed lower than when it opened.
If the chart is mostly green and heading upwards, you’re in an upwards trend.
You know if the chart is mostly red, you’re in a downwards trend.

When using your chart ensure you have the right timeframe settings. For day trading bitcoins you want charts that are between 1-30 minutes.

If you want to make money day trading bitcoin you’ll need to get familiar with candlesticks and their indicators (see example below). It isn’t uncommon for bitcoin to fall into a repetitive trend for months on end. If three of the last four candlesticks have been red, then there’s a good chance it’s going to carry on heading that way, unless the RSI suggests it’s been seriously oversold.

On Balance Volume Indicator

Whether you were day trading bitcoin in 2015, or day trading it now in 2017, consider using the on balance volume (OBV) indicator. It utilises an intelligent combination of price and volume activity to tell you what is the total money flowing in and out of the market currently.

How do you apply it to Bitcoin? If bitcoin trading is on the rise whilst the OBV trading is heading south, then you know people are selling into this rally, however a move to the upside would not be sustainable. The same logic can be applied in reverse.

Another one of our top tips – It is imperative you utilise multiple news sources. Bitcoin value is extremely reliant on public perception, so news events can trigger spikes. Some of the most useful and user friendly news sources out there are:

CryptoCoinsNews
Bitcoin Magazine
Coindesk
The Street
Coin Telegraph
Business Insider
Brave New Coin
CNBC

When it comes to useful bitcoin day trading tips, many suggest that if there is zero negative news about bitcoin and cryptocurrencies in general, then it could well be the right time to sell. On the flip side, if there’s positive news then it could be time to buy.

Use this is a broad guide for day trading bitcoin and you’ll avoid some pitfalls and utilise some opportunities, hopefully making for a substantial bitcoin day trading profit.

So you’ve read this page thoroughly after browsing about day trading bitcoin on reddit, and now you’re ready to make serious cash but are there any potential risks and if so, what are they?

Regulation – Bitcoins and cryptocurrencies are relatively new, making their future somewhat uncertain. People don’t know how governments will react further down the line and how stringent regulations will be. Could regulations cripple the market entirely?
Dangers of volatility – Bitcoin is the most volatile of all assets, including the stock and gold markets. Whilst volatility brings with it opportunity to day trade bitcoin for a profit, it also brings with it doubt and unpredictability. For example, in June 2017 bitcoin was being traded at $2,983. It then lost 30% in value and crashed down to $1,992, only to climb up to $4,764 in September, boasting a 139% gain. You must ensure your bitcoin day trading strategies take into account the uncertainty.
Exchange risk – Whilst your Bitcoins can’t disappear, the transactions you do are permanent and only the recipient can refund them. This means you must only do business with those you either know, trust or are widely reputable.
Payments / Charges – If buying and selling Bitcoin directly, transactions costs can vary wildly. This can be a wider complaint with the concept as a whole, but for intraday traders making multiple trades, it is a significant risk. CFDs and binary options (or any derivative) can mitigate this risk.
Margin Trading – Derivates can often be traded on margin. While this can increase profit potential, it also increases the risk. Losses can exceed deposits when trading on margin.

Last Words

The cryptocurrency market and bitcoin, in particular, are an exciting market for the aspiring day trader. Whilst there is understandable uncertainty, fortune favours the brave, and with these day trading bitcoin tips at your disposal, there’s serious potential profit to be made.

DayTradeBitCoin.com Is For Sale

We were going to build out this website with a huge course on DayTrading BitCoin, but then we found this course below on Trading BitCoin Signals. They have built a MUCH better trading course and system than we ever could have!

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DAYTRADE BITCOIN

WELCOME TO DAYTRADE BITCOIN

DayTrading BitCoin has become one of the newest ways to make money with BitCoin, the most popular of the new Crypto-Currency that seems to be slowly taking over the world. BitCoin is now “fluid” enough to have enough buyers and sellers to make both sides of the market stable. Buyers and sellers take positions on both sides of the trade and one side is always making money when the price of BitCoin moves. This is the exact same way daytraders make money when trading the more well known stocks like Apple, Google, General Electric and other household name stocks.

BitCoin value moves up and down like other stocks. Many DayTraders use Candlestick Charts when trading BitCoin. Candlestick Charts date back thousands of years to when Japanese farmers used them to predict the yield on their farm’s crops. They were then used to track and predict everything else, and eventually found their way into the Stock Market. Candlestick Trading is more involved than we can get into here. For a great course on Stock Market Candlestick Trading please CLICK HERE.

The goal of many daytraders is to control 1000 shares of a stock and correctly pick the direction of just a 25 cent move. Just a 25 cent move on 1000 shares of stock generates a $250 profit before transaction fees. If they can do that 4 to 5 times a week they can make around $1000 a week. It would be ridiculous to think a normal person is going to control 1000 BitCoin. At the time of this writing BitCoin is valued at around $650. Not many people have $650,000 they can invest to control 1000 BitCoins. Luckily, they don’t have to. Traders can trade percentages of BitCoin, they don’t need a whole one. They just use their investing stake, say $1000, and buy however much BitCoin that will currently buy and trade with that. They also keep some of their investment in just cash so they can buy more if the value drops and they think it will go back up again.

Before anyone can start trading BitCoin they need a “wallet”. This wallet is how they amount of BitCoin they own is tracked. There are many places to get a BitCoin wallet but we have found that Coinbase has the features that we like the most.

Click Here to open a BitCoin Wallet at Coinbase and receive $10 in BitCoin as a bonus when you fund your account.

With your Coinbase BitCoin wallet you will be able to buy BitCoin using funds from your bank account, credit and debit cards. You will also be able to sell your BitCoin and transfer the money from your sale back to your bank account and even your PayPal account if you want to link your PayPal account also. You will also be able to do all of the other things you will need to do: buy products with your BitCoin, transfer to other people and receive transfers from them. You will be able to setup an unlimited number of wallets in your Coinbase BitCoin account. You can use these separate wallets however you want.

One of the biggest benefits of opening an account with Coinbase is that they also control the Global Digital Asset Exchange (GDAX) website. The GDAX website is basically a trading platform to trade digital currencies like BitCoin and the up and coming Ether crypto currency. Your Coinbase account will be directly connected to your GDAX account allowing you to use the BitCoin and cash in your Coinbase account to trade on the GDAX.

US Search Mobile Web

Welcome to the Yahoo Search forum! We’d love to hear your ideas on how to improve Yahoo Search.

The Yahoo product feedback forum now requires a valid Yahoo ID and password to participate.

You are now required to sign-in using your Yahoo email account in order to provide us with feedback and to submit votes and comments to existing ideas. If you do not have a Yahoo ID or the password to your Yahoo ID, please sign-up for a new account.

If you have a valid Yahoo ID and password, follow these steps if you would like to remove your posts, comments, votes, and/or profile from the Yahoo product feedback forum.

Vote for an existing idea ( )
or
Post a new idea…

Hot ideas
Top ideas
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Category
Status
My feedback

Improve your services

Your search engine does not find any satisfactory results for searches. It is too weak. Also, the server of bing is often off

I created a yahoo/email account long ago but I lost access to it; can y'all delete all my yahoo/yahoo account except for my newest YaAccount

I want all my lost access yahoo account 'delete'; Requesting supporter for these old account deletion; 'except' my Newest yahoo account this Account don't delete! Because I don't want it interfering my online 'gamble' /games/business/data/ Activity , because the computer/security program might 'scure' my Information and detect theres other account; then secure online activities/ business securing from my suspicion because of my other account existing will make the security program be 'Suspicious' until I'm 'secure'; and if I'm gambling online 'Depositing' then I need those account 'delete' because the insecurity 'Suspicioun' will program the casino game 'Programs' securities' to be 'secure' then it'll be 'unfair' gaming and I'll lose because of the insecurity can be a 'Excuse'. Hope y'all understand my explanation!

chithidio@Yahoo.com

i dont know what happened but i can not search anything.

Golf handicap tracker, why can't I get to it?

Why do I get redirected on pc and mobile device?

Rahyaftco@yahoo.com

RYAN RAHSAD BELL literally means

Question on a link

In the search for Anaïs Nin, one of the first few links shows a picture of a man. Why? Since Nin is a woman, I can’t figure out why. Can you show some reason for this? Who is he? If you click on the picture a group of pictures of Nin and no mention of that man. Is it an error?

Repair the Yahoo Search App.

Yahoo Search App from the Google Play Store on my Samsung Galaxy S8+ phone stopped working on May 18, 2018.

I went to the Yahoo Troubleshooting page but the article that said to do a certain 8 steps to fix the problem with Yahoo Services not working and how to fix the problem. Of course they didn't work.

I contacted Samsung thru their Samsung Tutor app on my phone. I gave their Technican access to my phone to see if there was a problem with my phone that stopped the Yahoo Search App from working. He went to Yahoo and I signed in so he could try to fix the Yahoo Search App not working. He also used another phone, installed the app from the Google Play Store to see if the app would do any kind of search thru the app. The Yahoo Search App just wasn't working.

I also had At&t try to help me because I have UVERSE for my internet service. My internet was working perfectly. Their Technical Support team member checked the Yahoo Search App and it wouldn't work for him either.

We can go to www.yahoo.com and search for any topic or website. It's just the Yahoo Search App that won't allow anyone to do web searches at all.

I let Google know that the Yahoo Search App installed from their Google Play Store had completely stopped working on May 18, 2018.

I told them that Yahoo has made sure that their Yahoo members can't contact them about anything.

I noticed that right after I accepted the agreement that said Oath had joined with Verizon I started having the problem with the Yahoo Search App.
No matter what I search for or website thru the Yahoo Search App it says the following after I searched for
www.att.com.

WEBPAGE NOT AVAILABLE
This webpage at gttp://r.search.yahoo.com/_ylt=A0geJGq8BbkrgALEMMITE5jylu=X3oDMTEzcTjdWsyBGNvbG8DYmyxBHBvcwMxBHZ0aWQDTkFQUEMwxzEEc2VjA3NylRo=10/Ru=https%3a%2f%2fwww.att.att.com%2f/Rk=2/Es=plkGNRAB61_XKqFjTEN7J8cXA-
could not be loaded because:
net::ERR_CLEARTEXT_NOT_PERMITTED

I tried to search for things like www.homedepot.com. The same thing happened. It would say WEBPAGE NOT AVAILABLE. The only thing that changed were all the upper and lower case letters, numbers and symbols.
Then it would again say
could not be loaded because:
net::ERR_CLEARTEXT_NOT_PERMITTED

This is the same thing that happened when Samsung and At&t tried to do any kind of searches thru the Yahoo Search App.

Yahoo needs to fix the problem with their app.

Yahoo Search App from the Google Play Store on my Samsung Galaxy S8+ phone stopped working on May 18, 2018.

I went to the Yahoo Troubleshooting page but the article that said to do a certain 8 steps to fix the problem with Yahoo Services not working and how to fix the problem. Of course they didn't work.

Top 6 Bitcoin Trading Bots

Trading bots are rather common in the bitcoin world, as very few traders have time to stare at the charts all day. Most people trade bitcoin as a way to generate passive income while working their regular day jobs. With so many people relying on trading bots, the question becomes which one can be trusted and which one should be avoided. Below is a list of known cryptocurrency trading bots, however, your mileage may vary when using them.

NOTE: The Merkle does not condone the use of trading bots. The Merkle is not responsible for any financial losses sustained while using the software mentioned below. The Merkle is not affiliated with any of these trading bots.

6. BTCRobot

One of the very first automated bitcoin trading bots to ever be created goes by the name of BTC Robot. While it seems to do the job and is quite easy to set up, user’s mileage may heavily vary when using this tool. Some people seem to be making modest profits, whereas others seem to struggle to get it to work properly. There is a 60-day refund policy, which makes it a no-brainer to try out regardless.

The Gekko trading bot is an open source software solution hat can be found on the GitHub platform. It was last updated a month ago, which seems to indicate it is still being actively developed. Using this automated trading bot seems rather straightforward, as it even comes with some basic strategies. It is not a high-frequency trading bot by any means, nor will it exploit arbitrage opportunities. With a good list of supported exchanges, Gekko could be worth checking out.

4. CryptoTrader

One of the more attractive – yet unknown – solutions goes by the name of CryptoTrader . The service offers cryptocurrency users automated trading bots running on cloud platforms. Not having to install unknown software is a big plus, albeit it remains to be seen if this platform is legitimate. One intriguing feature is how CryptoTrader features a strategies marketplace where anyone can buy or sell their favorite trading strategy.

Another open-source solution for bitcoin traders goes by the name of Zenbot . Albeit this bot has not seen any major updates over the past few months, it is available to download and modify the code if needed. This marks the third iteration of Zenbot, which is still a lightweight and artificially intelligent bitcoin trading bot. It is also one of the very few solutions capable of high-frequency trading and supporting multiple assets at the same time. According to the GitHub page, Zenbot 3.5.15 makes a 1.531 ROI in just three months, which is quite surprising.

2. Tradewave

Although technically not a bot in the traditional sense, Tradewave is a platform allowing users to create automated bitcoin trading strategies. Users can connect most of the major exchanges to enable live trading within a few minutes. Moreover, there are quite a few trading strategies shared by community members for other users to try out. Tradewave is not free to use, though, as plans start at just US$14 per month.

The Haasbot is somewhat popular among cryptocurrency enthusiasts. On paper, Haasbot does all of the trading legwork on behalf of the user, although some input is required. Haasbot supports all of the major exchanges and is capable of recognizing candlestick patterns. Considering it costs between 0.12 BTC and 0.32 BTC per three-month period to use this tool, one has to be committed to using the software and hopefully make a profit from doing so.

If you liked this article, follow us on Twitter @themerklenews and make sure to subscribe to our newsletter to receive the latest bitcoin, cryptocurrency, and technology news.

About The Author

JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector.

will try haadbot. Did some interesting profits with full automated trading bots from the new cloud trading bot. I try now to adapt the trading scripts to the new cloud bot, which is doing 24/7 for me now on http://bit.ly/tradingbot take a look at the backtesting which is really interesting as its fast and cloud based. poloniex and kraken also bitstamp cryptotrading bot are available 🙂

Haasbot sucks
My experience is that in the begining happened some shit and i wasnot able to see charts or make trading
When i asked for help nobody seemed to have same problems
I tried it on many computers but problem is that is was not doing what it should

Trading platforms are ok
Problem is any bot tells you to buy dash when it was under 1 usd
Manual trading limit orders are the best

Gimmer is a platform that I really like, it’s the friendliest of them all.

I think the design of this framework amazing.
https://gimmer.net

If the author of the text update with this platform it would be nice.

if any bitcoin bot tries to steal from you or if you had your money stolen from you by these “bot” feel free to reach me via mail…we will get it back on your behalf for only 10% the amount to be recovered

The bots can’t steal from you. They have no ability to perform transfers or withdrawals.

Is that something you know only of bots that are open source or are closed source bots also not able in doing that?

No it’s exchange API not allows to withdraw funds.

Bots can steal 100% of your money within seconds even without withdraws. They could run 2 bots in parallel for an exotic coin with buy high – sell low on your side and buy low – sell high on the scammer-side. I’ve seen a simulation like this. Hence don’t buy a so-called super cheap bot from Indian or Pakistani guy on Telegram … they will only steal your money.

you did a hood job for me and I can not thank you enough. all those people saying bad stuff about you, just ignore them…everybody can’t like you, even Jesus has haters just keep doing your think and rise above

Brutus is the best bot for automatic trading of cryptocurrency. works with 5 differents markets (poloniex, ccex, cryptopia ect ect) and every single crypto currency of coinmarketcap.
Arbitrage allows you to do not risk your capital and earn istant
others 4 strategies to have 100-220% in a 40 days of auto trading.
You just set up 5 min – 10 min your configurations every day from your laptop (PC or MAC)
and you will have your trades won. It can’t lose by contract. We also have webinars every week
You cannot lose your capital and there is no fee
that will tell you what’s best to do with it. It can be used fully automatic after conf. 24/24 h
contact skype: shouglight

HY MARCO IM INTERESTED INTO TALK ABOUT THE BOT …. IM FROM ITALY TOO … CONTACT ME ASAP BY TELEGRAM @BILLIONAIREFACTORY

Contattami pure, shouglight su skype è il mio nome

do you have a link to brutus?

Contact me on skype: shouglight

Hello Marco, would you mind to share the link for Brutus…?

The Biggest Bitcoin Exchange Opens the Door to Day Trading

The frenzy around digital money is likely to intensify as San Francisco-based Coinbase announced on Thursday that customers will be able to purchase bitcoin and two other currencies instantly from U.S. bank accounts.

This is significant because Coinbase is the biggest U.S. bitcoin exchange and, until now, customers have had to wait for several days to receive their digital currency. Here’s the official announcement:

We are excited to announce the ability for customers to instantly purchase digital currency using a U.S. bank account. Previously, customers who purchased using a bank account had to wait several days before receiving their digital currency. Customers can now buy up to $25,000* and receive access to their digital currency immediately.

The upshot is that those who buy bitcoin from Coinbase will able to spend it right away. More importantly, the new policy makes it easier for ordinary investors to engage in day trading in the highly volatile digital currency market.

Right now, it’s possible to trade in real time using GDAX, a Coinbase-owned exchange, but the platform is complex and tailored for institutions and large traders, and takes day to pre-fund. The new policy will make buying and selling easier for casual traders.

The new policy is likely to increase trading volume in not only bitcoin, but also two rival cryptocurrencies Ethereum and Litecoin, which Coinbase lists on its exchange.

All of this could in turn create greater liquidity in the digital currency markets and, at least temporarily, drive prices even higher.

Since the start of the year, digital currencies have gone on an astonishing bull run. Bitcoin on Thursday reached a new all-time high of $5,200, which is up more than fivefold from January. (The market has also been prone to dramatic swoons, however, including a crash in September that saw the price of digital currencies fall around 40%.)

In response to the Coinbase announcement, the price of Litecoin appeared to jump in response. The currency was up over 12% as of mid-afternoon ET.

Get Data Sheet, Fortune’s technology newsletter.

For Coinbase, which this year became the first crypto-company to be anointed with “unicorn” status (industry jargon for a private company with a valuation of over $1 billion), the new instant-buying policy is likely to translate to new profits from fees and commissions.

If you’re curious about the digital market, check out our recent explainer: “$5,000 Bitcoin: 3 Reasons to Buy and 3 to Stay Away.” And if you think the whole thing crypto currency thing is a bubble, here’s a guide to shorting it by Fortune’s The Ledger.

This is part of Fortune’s new initiative, The Ledger, a trusted news source at the intersection of tech and finance. For more on The Ledger, click here.

This story was updated at 12:35pm ET to clarify how GDAX functions, and at 1:30pm to include the price move of Litecoin.

DayTradeBitCoin.com Is For Sale

We were going to build out this website with a huge course on DayTrading BitCoin, but then we found this course below on Trading BitCoin Signals. They have built a MUCH better trading course and system than we ever could have!

суббота, 23 июня 2018 г.

day_trading_bitcoin

Bitcoin Day Trading

What is Day Trading?

Why Day Trade Bitcoin?

One Good Reason Not to Day Trade Bitcoin

How to Day Trade Bitcoin

Bitcoin Exchanges for Traders

Trading Capital

Your Gameplan

Day Trade: Buy and Sell Bitcoin

1. Be disciplined when trading Bitcoin.

2. Even with Bitcoin, Trust your Indicators.

3. Intelligently Choose Your Tools to Analyze Bitcoin Charts.

4. Do Not Overload Yourself With Information. Too Many Indicators Can Skew Your Perception of the Trends in Bitcoin Price.

5. Read the News. Not All Bitcoin Related News Will Have an Impact, but Big News WILL.

6. Be Ready for Breakouts, in the Bitcoin Price, with Strong Trends.

Bittrex CEO announces USD pairings

Bittrex CEO announces USD pairings

A Guide to Day Trading Bitcoin & Other Cryptocurrencies

by Nick Cawley , Analyst

A Guide to Day Trading Bitcoin & Other Cryptocurrencies

Why Do I Want to Day Trade Bitcoin & Other Cryptocurrencies – What are my Drivers?

Be Comfortable with the Market - Be Comfortable with Yourself.

The Cryptocurrency Market is Extremely Volatile – Good.

Choose Your Marketplace and Provider Carefully

Discipline is Key – The Key to Trading Success

Enjoy Your Chosen Journey

Bitcoin Day Trading 2018 – Tutorial and Brokers

Bitcoin Brokers in Russia

Bitcoin Chart

What Is Bitcoin?

Why Day Trade Bitcoin?

Bitcoin Wallet

What You’ll Need To Start Trading

Step 1 – Find out the price

Step 2 – Pick a broker

Step 3 – Capital

Step 4 – Bitcoin strategies

Reading the charts

On Balance Volume Indicator

Last Words

DayTradeBitCoin.com Is For Sale

We were going to build out this website with a huge course on DayTrading BitCoin, but then we found this course below on Trading BitCoin Signals. They have built a MUCH better trading course and system than we ever could have!

Click on the image below for more information!

Need BitCoin?

Get $10 In FREE BitCoin When You Open An Account!

CLICK HERE FOR DETAILS!

DAYTRADE BITCOIN

WELCOME TO DAYTRADE BITCOIN

Click Here to open a BitCoin Wallet at Coinbase and receive $10 in BitCoin as a bonus when you fund your account.

US Search Mobile Web

Improve your services

I created a yahoo/email account long ago but I lost access to it; can y'all delete all my yahoo/yahoo account except for my newest YaAccount

chithidio@Yahoo.com

i dont know what happened but i can not search anything.

Golf handicap tracker, why can't I get to it?

Rahyaftco@yahoo.com

RYAN RAHSAD BELL literally means

Question on a link

Repair the Yahoo Search App.

Top 6 Bitcoin Trading Bots

6. BTCRobot

4. CryptoTrader

2. Tradewave

About The Author

The Biggest Bitcoin Exchange Opens the Door to Day Trading

DayTradeBitCoin.com Is For Sale

We were going to build out this website with a huge course on DayTrading BitCoin, but then we found this course below on Trading BitCoin Signals. They have built a MUCH better trading course and system than we ever could have!

Click on the image below for more information!

Need BitCoin?

Get $10 In FREE BitCoin When You Open An Account!

CLICK HERE FOR DETAILS!

DAYTRADE BITCOIN

WELCOME TO DAYTRADE BITCOIN

Click Here to open a BitCoin Wallet at Coinbase and receive $10 in BitCoin as a bonus when you fund your account.

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суббота, 23 июня 2018 г.