I'm posting my trading stack here, videos, charts, and my own TA. I can't guarantee I'll take a position or that my position will be profitable, But I can guarantee you'll learn something.
>What is BitMex? BitMEX is a Peer-to-Peer Trading Platform that offers leveraged contracts that are bought and sold in Bitcoin. BitMEX only handles Bitcoin. All profit and loss is in Bitcoin, even if you’re buying and selling altcoin contracts. BitMEX does not handle fiat currency. BitMEX allows trading with a high amount of leverage.
>How does Leverage work? Leverage allows you to borrow on credit proportional to your capital. On 2x leverage, 100 dollars can buy 200 contracts. On 100x, 1,000.
>What does "getting Liquidated" mean? It means you fucked up, and lost the money you put down. On leverage, your mark price moves faster and your Liquidation price is closer to your entry. When your mark price enters the Liquidation price, you lose
>I'm American, how do I join? Email the site admins, or use a VPN
Phone ID. Here's a chart posted by a friend in Discord. I like it because on the High Value Nodes shown on the right. I still have my own TA to do, but it's always nice to have inspiration.
High value nodes? Perhaps you should let someone that knows what they're doing post this.
Lincoln Peterson
I like to watch TheChartGuys for market sentiment and TA training. In todays video (1hr old) they said a bull scenario would be if we did now break the high low of 9111. If youve bene watching the charts today you''ll see that we did.
I've got a couple of options here, to capitalize on the spike in Short Volume and Decrease in Price. I could A) join the pack and short BTC with heavy leverage, close out as soon as the bleeding stops B) wait for a pause and go long. hoping the tides will turn in my favor C) sit and watch in hope that BTC will stop at near our Resistance point of 8600, and then go long
I havent decided yet, what do you think I should do?
lulz at the liquidation notifications in the corner
Josiah Allen
I think ChartGuys didn't do his job fully. I don't blame him, he was watching Candian MJ and EOS today. We can see an equilibrium pattern on the 2hr and 1hr at ~8880 and ~9100. We might be entering a new channel. Let's wait for a little and see if volume slows down.
