Tag Archives: BTC

Craig Wright gets BTC copyright so will Bitcoin die?

I posted an opinion video about Craig Wright getting a copyright for Bitcoin source code and early documents. This was posted on Youtube but I got detailed comment on what is really going on with this:

Hi Bryan, thanks for this news update. No worries about BTC, it’s just the copyright registration that got confirmed, this neither validates the claim nor copyrights anything, this news means nothing. Everyone can do this if they wanted, the opposing copyright claimers could then chose to sue each other in an attempt to prove their claim but nobody else interferes automatically. If anyone cared enough about this, they could do a massive copyright registration as a protest so he had to sue thousands, but why bother with this clown. It is all contradictory with the MIT license the BTC code was published on, if this ever was meant to be copyrighted then it would not have been opensource ofcourse. BSV pumps because it is heavily centralized, not many miners left and they could just mine BTC for a few weeks, now pump it into BSV to fake a news response, algos just follow pumps. Their delisting from major exchange has a perverse effect, the real volume needed to pump it is greatly reduced, if this was still listed on exchanges like Binance it would need millions of dollars to keep the price up like today. Gonna be interesting to see if BSV can hold this level.

Let me know what you think?

A few more notes about this Kraken bot here:

Cryptocurrency Risk on volume weighted average price stat is negative since May 16

It seems that the cryptocurrency is more negative than positive. I have also tested many different threshold to have higher probability of profit. It seems that this volume weighted average price metric needs to be at close around 2. Here the average is -0.21 which shows the amount of downward pressure on the entire asset class.

How is this volume weighted average price calculated?

I use the volume and hourly price of BTC, ETH, LTC, ETC, and BCH to measure it. This is also measured hourly as you can find in the image.

What does this mean?

It seems that the space is more negative with whipsaws that take out open positions. They come out of nowhere which means you get a very high probability of losing positions. It seems that is quite difficult to trade in these conditions. When the overall crypto space (usually driven by the performance of BTC), it seems the trading conditions are never good to fight upstream a surging river. I have tested this since Friday these conditions. Over the last 24 hours, it just seems there are more negative positions than positive even if this average price hits close to 0.94.

As a result, it might be best just to wait it out until automated trading kicks when this average price hits around 1.5 or 2 for higher probability of winning positions. How often this happens is another question. We shall be ready when it does happen.

Want to build a crypto currency bot under great market conditions? You can profit a lot when it hits!

https://quantlabs.net/academy/python-algo-trading-infrastructure-with-crypto-currency/

 

NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!

Stable coin BTC now outperforms ETH lately

Trading with stable coins of ETH or BTC is quite difficult due to the volatility of them. As a result, keep reading if you want more predictable profit using USD as your stable coin.

I mention about learning this Python Infrastructure trading course to switch quickly when your asset class regime switches

Python Algo Trading Infrastructure with Crypto Currency

I made a massive discovery with this. It seems that USD/USDT/Tether is a critical point now when testing your bot. This discovery also involves using USD as a stable coin. When you read one of the subreddit posts I posted here

minimum orders: Binance to Kraken exchange

It might shock you if you were to trade using Tether on another exchange like Binance, you should worry as Kraken only offers USD the real mccoy. Will the exchange cover your crypto in Tether if it crumbles to zero. Remember the NY Attorney General investigation? Yes you should worry.

 

NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!

Fib level 1.0 are perfect for pricing with demos of BTC ETH LTC XRP

BItcoin pushing towards 8000 USD. It could breakthrough the Fib level 1.0 or peak at it. Performance of these 3 cryptos are perfect as they almost 100% peak at Fib level 1.0. The following charts are 2 days worth of hourly timeframes. Go figure?

 

Check out the lastest ETH USDT green candle push up to Fib level 1.0 but still hovers just under. These Fibs levels are so predictable

LTC USDT is not as strong but still peaked at .786 Fib level. These become you exit levels since they are so predictable with Fib levels.

XRP USDT is still too choppy but most recent peak was at FIb level 1.0 in the last 2 days.

If the predictability of Fibonacci levels do not impress you, either you need to get your head examined or get your eyes checked. As they say, Fibonacci sequences are part of natural order so it seems to work here in trading quite nicely.

 

NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!

Fibonacci levels highly accurate for entry exit target with Bitcoin

This is crazy on this accuracy of peaking or breaking through, or even touching on these Fibonacci Retracement levels. This is all explained in the 31 minute video. I can see why people may rely exclusively on this indicator. Just remember I am maintaining those ways on how to get on the watch list. This includes most potential with Bitcoin!

If this works out , I am sure this could generate signals for my revamped Analytics service. Oh! Did I say I will be raising from the lowest price of $47 per month!

Quant Analytics

 

 

 

NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!

Binance BCH while trading in BTC is a complete mess

As my system likes to trade Bitcoin Cash (BCH), it seems there is a wierd split with Binance creating BCHABC. It does not help with the Bitcoin SV (BSV) fiasco as well. Note that BCHSV still exists on Binance.  It seems CCXT the Python package wants you to still order with BCH but your Binance trading report will have BCHABC. Call me confused there too. There is very trading in BCH

noob question – bch vs bchabc vs bchsv from btc

https://github.com/ccxt/ccxt/issues/4563

See TradingView

https://www.tradingview.com/symbols/BCHABCBTC/?exchange=BINANCE

ANOTHER BIG LESSON

Most of my trades are in ETH with a tiny amount in BTC. WIth a tiny Binance account eg. <$500 USD), it is not wise to trade in BTC for now when testing with minimum trades. As a result, I will not be LIVE trading in BTC for now . I want to see the account be at least $1000 USD before trading in BTC. The minimum trades are usually double that compared to ETH or XRP.

NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!

New minute real time chart with BNB BTC moving big

It seems this pair of the Binance Coin against Bitcoin has been moving a lot lately. I even showed the new real time minute chart. That was flat to. At the moment, this is a close to realtime but really minute.

As for forex, there were the usual suspect but the Swiss Franc was the base quote for New Zealand, Australian, and Singapore. What is going on here outside of the timing ?

I am unsure about the CFD but gold was up there with Hong Kong 33 (HK 33)

More analytics still to come

NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!