/biz/ - Business & Finance

[Anonymous No.8206950]

I turned $200 into nearly $4000 in 2 days shorting bitcoin

[Anonymous No.8206978]

>>8206950
Pls gib tutorial.

[Anonymous No.8206990]

>>8206950
But how? In biz we are supposed to lose money

[Anonymous No.8206996]

>>8206950
keep doing it until you lose it all again

[Anonymous No.8207021]

>>8206950
I turned 200 dollars into 180 in 5 minutes longing bitcoin.

[Anonymous No.8207034]

>>8206950
What's the leverage?

[Anonymous No.8207067]

>>8206978
>go on tradingview
>search 'cm-ultimate_ma_mtf_v2
>set it to 7 (triple ema)
>use 8 hour candles
>short when it turns red, long when it turns green

>>8207034
25x

[Anonymous No.8207304]

>>8207067
What do you mean by set it to 7? Found the template on tradingview. Thanks anon, looks good

[Anonymous No.8207316]

>8207067

fuck yeah ty anon

[Anonymous No.8207419]

>>8207067
this?

https://www.tradingview.com/script/8KVcQiJM-CM-Ultimate-MA-MTF-V2/

[Anonymous No.8207468]

>>8207304
In the indicator's settings under 'input' set it to 7 like in pic related

>>8207419
Yeah

[Anonymous No.8207512]

>>8207067
i dont have pro for 8 hour candles.
sounds like bait desu.

[Anonymous No.8207562]

Good shit, thanks anon

[Anonymous No.8207574]

>>8207512
Why do you think this is bait?

Also you can just do a free 30 day trial of pro then cancel your subscription and create a new account and do it again. If you don't wanna do that though then you can just use 12 hour, I think that's in the default

>>8207562
Np man, good luck. See you in lamboland

[Anonymous No.8207604]

>>8207021
Oh wow, that's nice. Want to teach me, master?

[Anonymous No.8207623]

Thanks for sharing op

[Anonymous No.8207656]

>>8207468
Intredasting. Teach us senpai

[Anonymous No.8207663]

>>8207623
No prob, thought it was a change from the stinky link spam

[Anonymous No.8207675]

where do i search for the cm-ultimate?

[Anonymous No.8207684]

>>8206950
OP, are you opposite me?
>turned 0.34 btc into 0.05 in less than 10 days

[Anonymous No.8207688]

>>8207574
i think its bait because everything can happen in 8 hours

[Anonymous No.8207702]

thanks op!! how does stack up against the stochrsi? or do you use both?

[Anonymous No.8207742]

>>8207675
how do install the script? not paying for pro

[Anonymous No.8207772]

>>8207688
But if it's correct more often than incorrect and you have stop losses, you will profit. It's not about always being right, it's about usually being right

[Anonymous No.8207779]

>>8206950
k

[Anonymous No.8207787]

>>8207675
In the indicators library

Also it's not cm-ultimate sorry, it's cm_ultimate with an underscore

>>8207684
Aha sorry anon

>>8207742
You don't need to pay for pro, you'll just be limited to 3 indicators per chart

[Anonymous No.8207793]

where do i set 8 hour candles?

[Anonymous No.8207817]

>>8207702
>>8207702
I used to use StochRSI but I actually don't rely on it much anymore. I prefer WaveTrend. Other indicators I really like are the Fisher Transform, the Coppock Curve, and Squeeze Momentum

[Anonymous No.8207858]

>Using TA to anticipate when the market will move

Why are you TA-fags around? Literally every dip turned out to be because that Kobayashi faggot dumped a massive amount of BTC on the open market. And every minor dump has been because of bad news related to Korea, India, China, Binance, etc.

Your bullshit TA can't predict any of this.

[Anonymous No.8207873]

>>8207858
My 1000% gains says otherwise

[Anonymous No.8207902]

>>8207873
Post your trades i dont believe you

[Anonymous No.8207924]

>>8207873
You've been gambling for 2 days. And had it not been for everyone thinking Binance had been hacked yesterday, you most likely would have been liquidated by now.

[Anonymous No.8207938]

>>8206950
You don't need TA to do this shit. Just wait for BTC to approach 11k and the short it down to 10k.

[Anonymous No.8207947]

>>8207924
>>8207873
And by all means, continue your gambling session.

Just don't trick gullible mongoloids on /biz/ into making the same mistake.

[Anonymous No.8207956]

>>8206950
Congrats OP, thanks for sharing

[Anonymous No.8207961]

>>8207902
Pic related

>>8207924
>>8207947
It's not gambling if you know what you're doing

[Anonymous No.8207971]

What the fuck is short and that stuff? i don't understand shit, can someone explain? i want to daytrade

[Anonymous No.8207990]

>>8207971
Longing: Buying with leverage - You want the price to go up
Shorting: Selling with leverage - You want the price to go down

[Anonymous No.8208043]

>>8207067
CM_ULTIMATE_MA_MTF_V2 search yields no relevant results on tradingview no matter what search i try
also not logged in if that makes a diff

[Anonymous No.8208047]

>>8207971
Don't worry buddy, as soon as you see the damn interface the couple neuron that you have will automatically meltdown. Then you'll go back to pol

>>8206950
Yup I did a killing on the testnet. I knew this was comming but never did the due to move my lunchmoney in there. FML

[Anonymous No.8208052]

>>8207961
how much % of your capital you use per trade?
when do you take profit?
when do you cut your losses?
thanks op

[Anonymous No.8208063]

>>8207990
and how the fuck do i install that script?

I used to look at charts with RSI, MACD and CCI

[Anonymous No.8208066]

>>8206950
Op, what's your point to shill this here?
New fresh meat on bearish market?

[Anonymous No.8208074]

>>8207971
basically, when you short an asset, you borrow units of that asset and sell them at the current market price. Then, when the price goes down, you buy back the asset at the lower price, pay back what was borrowed, and pocket the difference.

[Anonymous No.8208135]

>>8208047
are you bragging about knowing TA? lmao the /biz/ state

[Anonymous No.8208145]

Is there anywhere I can practice this stuff, like a BTC trading sim that uses historical data?

[Anonymous No.8208150]

>>8208043
Hmm, curious

>>8208052
I go all in, then after a few trades I cash out 50% of my total funds. Then I carry on going all-in with what's left. I don't cut losses because my liquidation price is meant to be far enough away that I won't have to. E.g. my liquidation price was 10200 and the price rose to 10100 but I didn't close, then it plummeted to 9100. If it had come to it I would have just added more margin to improve the liquidation price because I was confident it was going to dump again

>>8208063
You use BitMEX to margin trade

>>8208066
I'm not shilling, note how I haven't posted any referral links

[Anonymous No.8208167]

>>8208145
Yeah, search 'bitmex testnet' to practice with imaginary funds

[Anonymous No.8208197]

>>8208145
Worthless imo. You already know the major moves and you'll subconsciously follow them.

[Anonymous No.8208208]

what do you look for when trading with the wavetrend and cm_ultimate? your screenshot looks different on the wt_lb do you have special settings on that as well? thanks

[Anonymous No.8208219]

This seems to work a lot better than other indicators I tried, which seem to give no edge. Care to explain how this works? I figure ma is moving average and mt is multiple time frames - but how does it actually work?

[Anonymous No.8208229]

>>8206950

So does it have to be 8 hr OP...thanks for the tips I've done all the steps except add Pro because I don't want to give those jews my CC info but I just might anyway and cancel as you suggested. So final question....which BTC/USD exchange pairing have you been tracking? Bistamp Coinbase? thanks

[Anonymous No.8208231]

>>8208150
First of all, thanks for sharing this.
Have you tested this only with BTC?

[Anonymous No.8208292]

>>8206950
Nice. I turned 1000 dollars into nearly 30 dollars going long on bitcoin.

[Anonymous No.8208318]

>>8208074
> you borrow units of that asset and sell them at the current market price.

And if the pice goes up? how are you going to pay what you borrowed?

[Anonymous No.8208400]

OP here I'll be back in 30 mins, keep the thread alive and I'll reply when I get back

[Anonymous No.8208416]

>>8208318
Then you fucked up and have to pay the difference yourself. You still owe the assets.

[Anonymous No.8208459]

>>8208318
Does this really need to be explained to you? If so, then go google "margin trading", and stop bothering everyone with your dumb questions.

[Anonymous No.8208473]

>>8207961
Looks like you only shorted and got lucky in the last few days. Do you think you can profit from long/short when the market is not volatile?

[Anonymous No.8208474]

>>8208318
well obviously you'd take a loss.

As an example. Say the price of BTC is $10000. You short 1 BTC, meaning you borrow and sell 1 BTC at market. If the price goes down $500, you'd buy back 1 BTC at $9500, return the 1 BTC you borrowed, and pocket the $500 difference. But if the price increased $500, you'd have to buy back at $10500 and pay the difference out of your pocket.

On margin trading platforms like BitMEX you have to put up collateral before you can borrow, so if the price moves against you it comes out of your margin balance.

[Anonymous No.8208480]

I'm too scared to gamble on that shit, lets say I bet $100 on btc going back to 10k until the end of day, how much I can get if I'm right?

[Anonymous No.8208515]

>>8208400

This seems legit with a trailing stop but the question is on what criteria...are you just letting each trade ride for awhile or scalping quickly? I'd assume let it ride, but so far I've only looked at 4hr time frame and not 8hr as suggested, it does seem like you have to give yourself a good bit of room to breathe so to speak and not have the stops set all that close?

[Anonymous No.8208516]

>>8208318
look, just sign up for a BitMEX testnet account and play around with margin trading. You'll figure it out (assuming your IQ is above room temperature). http://testnet.bitmex.com

[Anonymous No.8208583]

>>8208480
depends on your leverage
just research margin trading/leverage, its not that hard to understand really, dont ask us to spoonfeed you

[Anonymous No.8208591]

>>8208150
>You use BitMEX to margin trade
Well, when the site isn't completely fucking borked, you can margin trade. Unlike yesterday, when the site went down conveniently at the same time as the plunge, and a bunch of people got fucked right in the ass getting liquidated and unable to change their positions. And it's also convenient that the site offers NO refunds of any kind for site crashes.

But yeah, you can margin trade there. Most of the time. And if you have any questions, be sure to ask the mods in their chat, who will link you to an article from December 2017, that says "we're looking into the problem".

[Anonymous No.8208629]

>>8208480
depends on how much leverage you use. At 100x, you could borrow up to $10,000 with your $100. But if the price moves against you even 1% you'd lose everything.

Think about it like this. Take the price change in BTC, divide by the amount you are betting, multiplied by price change times your leverage.

So if the current price is $9300 and the price increased by $700 and you had bet $100 using 5x leverage, your gain would be 100/9300 * 700 * 5 = 37

[Anonymous No.8208630]

>>8208591
Is there other sites to margin on?

[Anonymous No.8208646]

>>8208516
fahrenheit or celsius anon

pls be celsius

[Anonymous No.8208734]

OP must have gotten an alert from his indicator! lmao

[Anonymous No.8208806]

>>8208630

bitfinex

[Anonymous No.8208830]

>>8208806
Aren't burgers banned from bitmex anyway? Can I fug on bitfiniex?

[Anonymous No.8208901]

using meme lines to predict prices kek.

[Anonymous No.8209001]

>>8207858
The only brainlet is you friend, the current dip was easily shortable when it broke the rising bearish wedge at the end of a 5th wave.

TA fags keep making bank while /biz/ hodlers get dumped on endlessly

[Anonymous No.8209235]

>>8207858
Fuuuuck how do you not get this? Please educate yourself on probability and statistics, then look into pattern analysis, once you grasp those learn about economics and the financial industry. History repeats motherfucker.
TA doesn’t “predict the future” it indicates the likelihood of x or y or z or whatever happening

[Anonymous No.8209294]

>>8208400
How can you make fast trades on such long candles (8hrs)?

[Anonymous No.8209302]

Keeping thread bumped. also looking for complementary indicator/s to prevent long entry into positions like pic related

[Anonymous No.8209381]

>>8207512
Download the app for iOS, even with your free account you'll have access to all timeframes

[Anonymous No.8209431]

This indicator looks pretty reliable, going to try to make a bot out of this.

[Abstract !!vom15n706ZT No.8209443]

OP here, back. I was thinking of becoming a tripfag. My name is Abstract. I gave one other call with this trip a few weeks ago but that's it.

>>8208219
It's basically just a highly-customisable moving average, yeah. I'm not sure of the specifics though

>>8208208
There are two different ones but it's just aesthetics really

>>8208231
Yeah, only with bitcoin so far. I imagine different coins have different timeframes that this indicator works well for. I prefer margin trading bitcoin to altcoins though

>>8208473
I think I can, yeah

>>8208515
It's good to time your entry within the bigger candle itself. So you might use 15 minute candles to time your entry within the context of the larger 8 hour candles

>>8209294
I don't make fast trades, I leave them open for maybe 12 hours on average?

>>8209302
Just use longer timeframes so those fluctuations will be insignificant and you won't fomo into them

>>8209431
Good luck, wish I knew how to code stuff like that. You would make a killing

[Anonymous No.8209457]

>>8209302
>Keeping thread bumped.
How about no

[Anonymous No.8209461]

>>8209294
Why fast trades? Trading on bitmex is best done in a 3-7 day pattern. No need to rush.

[Anonymous No.8209465]

>>8209443
reminder to filter all tripfags

[Anonymous No.8209472]

>>8209302
Go for 4-12h candles. In can happen there as well of course, but the likelihood is far smaller. If you want 100% certainty you better stay out of this market

[Anonymous No.8209483]

THIS IS NOW A TRADINGVIEW CUSTOM SCRIPTS THREAD

I use:
Guth 3x Confirm
Simple multiple EMA script I made out of someone else's script (lol why waste one of my 3 free indicators on a simple script when I can load a bunch of stuff on a single custom script)
Suport and Resistance V2

[Anonymous No.8209562]

>>8208591
when this happens just log through their mobile site

[Anonymous No.8209568]

Are Amerifats banned from all margin trading websites?

Fucking sucks.

[Anonymous No.8209584]

>>8209568
Yeah we are, but it's easy to vpn into registering (no real KYC) if you want to get liquidated a bunch.

[Anonymous No.8209605]

>>8207817
>Fisher
I like it too yea, what do you look out for? the usual cross on the extreme ranges?

[Abstract !!vom15n706ZT No.8209674]

>>8209605
Mostly just the cross, but you can also get a feel for when a cross might be due when it gets to the extreme ranges, in which case you pay special attention to price fluctuations or stalls

[Anonymous No.8209880]

>>8207067

When you say sell on red and buy on green, do you mean the candle or the line turning that color?

[Anonymous No.8209929]

>>8206950
you'll lose it all again. trust me.

[Anonymous No.8209951]

>>8209880

Also, thnx for the tips, OP! Do you have a discord, twitter, or email where we can follow you?

[Abstract !!vom15n706ZT No.8209956]

>>8209880
The line turning that colour

Of course, one can't just blindly follow that indicator, you have to take it in the context of the situation and other indicators. But it is a darn good indicator

>>8209929
It's probable that I will make a bad trade eventually. That's why every few trades I'm cashing out 50% of my account

[Anonymous No.8209958]

Another Bitmex shill thread.

More subtle this time but fuck sake FUCK OFF BITMEX

[Anonymous No.8210058]

>>8209880
If you're going to trade on candle color, just take your money, set it on fire, throw it in the toilet, and flush it. Same outcome.

[Anonymous No.8210111]

Any way to get this in the tradingview chart on bitmex?

[Abstract !!vom15n706ZT No.8210289]

>>8209951
Just made a twitter and discord

@Abstract_Crypto

discordDOTgg/nZA65C

[Anonymous No.8210308]

>>8210289

THNX!

[Anonymous No.8210357]

Hello lads. /britfeel/ from /R9K/ here.

Abstract (AKA Crona) is a self-claimed "robot" that is also a prison gay transfag.

Literally attention whores and gets into arguments with other trips about him being the biggest "robot".

>>>43713962

[Anonymous No.8210370]

>>8210357
He's only gone and deleted his post bless him.

[Anonymous No.8210411]

>>8210370
>>8210357
nvm I'm just a newfag that can't crossboard post

>>>/r9k/43713962

[Anonymous No.8210438]

>>8209958

Dude OP didn't even shill his ref code...I forgot /biz is full of salty faggots like anon 8209958 who probably just got liquidated

[Anonymous No.8210449]

>>8209443
This is cancerous tranny trip from a brit gen who lost more money than gained.

Don't take his advice you fools.

[Anonymous No.8210480]

>>8210449
>tranny

prison tranny

[Anonymous No.8210592]

>>8207817
how do you combine the other indicators with the MA though? does it gives you an edge over just using MA?

>>8210357
>>8210449
>>8210480
please keep r9k drama out of this board

[Anonymous No.8210627]

>>8210592
Oh we will. Just thought we'd let you know what's what about him.

He is also a known liar, something to watch out for.

[Anonymous No.8210671]

10/10 thread holy fuck all my hours seeing retarded spoergs and autists post here finally payed off

[Abstract !!vom15n706ZT No.8210684]

>>8210592
Well for example, if we're on a downtrend I'll be slightly more skeptical of indications of a reversal, and more willing to believe indications of a continuation of the downtrend. Occasionally I might wait for a second confirmation from another indicator

[Anonymous No.8210708]

>>8210449
is he realy lying? Buy green sell red it was so easy :(

[Anonymous No.8210785]

>>8206950
Senpai please tell me, what do i set to 7? My CM_Ultimate looks like this (pic). Also can i work with 4h bars or 1h? Or do i have to use 8h?

[Anonymous No.8210833]

>>8210785
Not OP but click on indicator->format and change 1 to 7

[Anonymous No.8210909]

>>8210785
see
>>8207468

[Abstract !!vom15n706ZT No.8210931]

>>8210785
Basically the longer timeframe you use, the less chance there is of false signals. 8 hours is the point at which there's basically no false signals imo. I wouldn't really place much emphasis on 1 hour candles

[Anonymous No.8210959]

Nobody take advice from this clown, hes been trading for months and kept losing money. This is the first time he's gained anything on a lucky gamble now hes acting like billy big balls. Hes an insufferable cancerous tranny from /britfeel/ who doesn't know fuck all about economics or trading

[Abstract !!vom15n706ZT No.8211000]

>>8210959
It's to be expected that I would lose money whilst I was learning the ropes. I feel like I've now learnt quite a lot though

[Anonymous No.8211019]

>>8208646
KEK

[Anonymous No.8211133]

>>8210931
Isn't the problem of the 8 hour chart that even when you feel there's a confident trend, the spikes and drops of the 1 minute chart could be high/low enough to liquidate your position?

I understand that for 25x leverage they are quite far apart but how do you deal with this risk?

[Abstract !!vom15n706ZT No.8211170]

>>8211133
I try my best to time my entry point within that 8 hour candle using smaller candles of, like, 15 minutes

But yeah, it can be quite risky

[Anonymous No.8211401]

>>8210684
is it too late to short?

[Anonymous No.8211436]

>>8206950
if I give you $100 can you make it $1000?

I need money really fast

[Anonymous No.8211438]

>>8211000
You've been profiting for two days. You're gambling, you fucking idiot.

[Anonymous No.8211469]

>>8206950
good thread OP, those indicators on trading view look pretty useful

[Anonymous No.8211474]

>>8211401
There's a bearflag being formed right now that's about to burst.. Check the 30m chart

[Anonymous No.8211533]

>>8211474
It adds up gone short 10x it's either bust or win. Thanks man.

[Abstract !!vom15n706ZT No.8211555]

>>8211401
It may not be too late, but I'm a little more hesitant to short here than I was at 11k and 10k. I think there's the potential for a bounce to the mid-high 9K's. Right now I'm just waiting to see what happens. If it bounces but there isn't conviction to it then I'll probably try to short as close to the top of the bounce as I can

[Anonymous No.8211576]

>>8211533
THIS WAS NOT FINANCIAL ADVISEMENT, I AM NOT LIABLE FOR ANY LOSSES

but yeah i shorted as well

[Anonymous No.8211719]

>>8211401
I'd keep a close eye on it. Once it reaches the .50 fib level I'm expecting a move back up to about 10.4k.

[Anonymous No.8211773]

>>8211719
.50 fib is not an actual fib

[Anonymous No.8211926]

I am down so much, i planned on moving to annother country and put my savings into btc but i got justed super hard :( i will get liquidated if it goes under 7k :( yes i am a retard yes i am new but i browse 4chan daily for years and feel at home here. Do you guys think i will get liquidated and can kill mself? or do you think it will go back to 10.5k eventually? (in the next 14 days)?

[Anonymous No.8211937]

>>8208646
who is grill desu

[Anonymous No.8212133]

are 4hr candles OK? I dont have the option for 8

[Anonymous No.8212339]

>>8210671
haha kek

[Anonymous No.8212486]

>>8209483
Thanks Anon, now I can lose money like a pro

[Anonymous No.8212523]

>>8207067
>go on tradingview
>search 'cm-ultimate_ma_mtf_v2


Where is cm-ultimate_ma_mtf_v2?

[Abstract !!vom15n706ZT No.8212558]

>>8212523
Sorry, it's not a hyphen it's an underscore

cm_ultimate_ma_mtf_v2

[Sadst No.8212574]

>>8212523
>go to tradingview
>search for the ticker: XBTUSD
>interactive chart
>press indicators
>look for CM-ultimate_ma_mftf_v2

[Anonymous No.8212606]

>>8212574
Where is it? How to use?

Is that? https://www.tradingview.com/script/8KVcQiJM-CM-Ultimate-MA-MTF-V2/

[Anonymous No.8212669]

>>8211926
seems to me it will go up ...

[Anonymous No.8212711]

>>8212669
I hope anon, I hope. I quit my job to move away so if I get liquidated I will literally have to apply at mcdonalds. I also gave away my apartement and sold all my stuff.. the JUSTING is real don't know what to do sigh

[Anonymous No.8212729]

>>8211926
its impossible to tell right now honestly, you could wake up tomorrow with it -+1k

[Anonymous No.8212810]

>>8207961
>It's not gambling if you know what you're doing
HAHAHAHAHAHAHHAHAHAHAHA

YOU FUCKING MORON. YOU'RE GONNA LOSE IT ALL. I HOPE YOU REMEMBER ME TELLING YOU THIS YOU DUMB FUCKING CUNT.

YOU GOT LUCKY, EVERYON DOES WHEN THEY'RE A BEGINNER.

CONSIDER THIS:
>BITMEX BASED ON AN INDIAN OCEAN ISLAND CHAIN
>GOES DOWN MIRACULOUSLY AT ANY IMPORTANT TIME
>SPREAD IS ESSENTIALLY RANDOM
>THEY LITERALLY SELL YOUR POSITION AND LIQ INFO TO WHALES AND BOTS AND THEY DO SO LEGALLLLLLY SINCE ITS UNREGULATED

YOU'RE A FUCKING IDIOT BUT YOU'LL REALISE THIS LATER

[Anonymous No.8212896]

>>8212810
someone lost quite a bit i think :S

[Anonymous No.8212965]

>>8206950
>>8207067
>>8207468
>>8207574
>>8207787
what timeframes are your positions based on for these indicators, OP? I appreciate you sharing.
Not sharing profitable bots makes sense, but trading strategies is silly -- more people that believe in a strat the more likely it will become a self-fulfilling prophecy. That's the entire reason TA works, no? Cause anyone with enough capital can discredit literally any TA.
anyways yeah i'm just curious are you trading 30m-1h short-timeframe positions or actually looking at 6h-1D
cheers

[Anonymous No.8212983]

>>8212896
Implying I'd ever use a bucketshop like Bitmex lmaoooo

Fucking newb faggots

[Anonymous No.8213038]

>>8206950
>after hundreds of I GOT LIQUIDATED threads someone finally made some money
Haha like easy money!

[Anonymous No.8213059]

>>8212896
What OP is doing is what every noob does when they first start out trying to daytrade. Now he's portraying it as a magic formula because it has worked for two days on pure luck, and telling you retards to use that formula to trade on margin.

A bunch of retards are going to lose their money because they listened to OP.

[Abstract !!vom15n706ZT No.8213061]

>>8212965
I like to use 8 to 12 hour candles, with 15 minute candles to help me time my entry

[Anonymous No.8213112]

What's the fastest way to transfer money to Bitmex to play with BTC? help a faggot get liquidated

[Abstract !!vom15n706ZT No.8213160]

>>8213112
>buy bitcoin on coinbase/gdax/bitstamp
>transfer to bitmex

[Anonymous No.8213361]

>>8213160
Aren't BTC transfers slow as shit?

[Anonymous No.8213452]

>>8207067
Nice find anon. It's a pretty good indicator to help confirm trends but no one should rely on it alone, if you do prepare to get rekt. Also it gives almost exactly the same results / signals as Heikin Ashi candles.
It's a nice indicator because it saves me the work of switching to Heikin Ashi to confirm trends. If you already like to use Heikin Ashi by default this indicator will only clutter up the chart with redundant information.

[Anonymous No.8213464]

>>8209568
you're considered to dumb to use those, sorry.

[Abstract !!vom15n706ZT No.8213473]

>>8213361
They are but BitMEX only accepts bitcoin

>>8213452
>It's a pretty good indicator to help confirm trends but no one should rely on it alone, if you do prepare to get rekt.
Deffo, all indicators should be interpreted in context

[Anonymous No.8213489]

>>8207961
>>8212810
Trading with TA is still gambling, I agree.
However it does give you better odds.

[Anonymous No.8213510]

Am i retarded, wheres the indicators / input tab? Or am i on the wrong shit

https://www.tradingview.com/script/8KVcQiJM-CM-Ultimate-MA-MTF-V2/

[Anonymous No.8213524]

Overall what is "best" indicator/s to use?

[Anonymous No.8213533]

>>8213510
>https://www.tradingview.com/script/8KVcQiJM-CM-Ultimate-MA-MTF-V2/

"Format" icon right to the indicator name, then "Inputs" tab

[Anonymous No.8213754]

>>8213524
The ones that you actually understand what they indicate.

[Anonymous No.8214084]

Try beating ZataZu's gains (2000$ -> 109000$) while posting his positions on /biz/ every step of the way and you may sit on his throne. Until you do that, don't try to tripfag.

[Abstract !!vom15n706ZT No.8214372]

>>8214084
I admire him, he seems to know what he's talking about

[Anonymous No.8214582]

>>8213464
>calls others dumb
>uses the wrong "too"
Well that's embarrassing for you

[Anonymous No.8214596]

If any of you anons really want to try this use my ref link for 10% off fees.
https://www.bitmex.com/register/SVU1C1
Now I'm not telling you to sign up because you definitely shouldn't and you definitely will be REKT, but the 10% off fees will give you a tiny bit longer until you're finally REKT. If any of you want to prove me wrong you can feel free to try. DONT DO THIS.

[Anonymous No.8214653]

>>8206950
Just bought 100k PRO versions, thank you Tradingview

[Anonymous No.8214682]

>>8214084
got a link?

[Anonymous No.8214777]

>>8214682
https://twitter.com/Zata_Zu

[Anonymous No.8214805]

is there any exchange which allows amerifats to margin trade? i dont want to buy a vpn and i dont even know how to buy one tb h desu

[Anonymous No.8214864]

>>8214805
use a free one, google openvpn and vpngate

[Anonymous No.8214893]

>>8214864
QUE???? FREE? WTF

[Anonymous No.8214902]

>>8214805
Use hide.me free browser to sign up with >>8214596 as the URL. It's how I did it and then you can trade with a US IP no problem. But again, don't fucking do it anon. For every person like OP and Zatu that you hear "making it" there's 10X as many that lost everything.

[Anonymous No.8214938]

>>8214902
true that anon but id still like to use a vpn for icos that dont include amerifats

[Sadst No.8214940]

>>8214902
>There needs to be losers for there to be winners
Who would've thought. Just don't be pants on head retarded and you'll be a winner

[Anonymous No.8215012]

>>8209235
You educate yourself first.
Not a single thing about TA is backed by probability theory or statistics. It's all arbitrary, and wrong more often than not. The shit like Elliot rodger waves and "fibs" and other pseudo-intellectual trash is just embarrassing.
If you tried to show this crap to any slightly competent mathematician or statistician they would laugh in your face.

[Abstract !!vom15n706ZT No.8215108]

>>8215012
I too think Elliot Waves and Fibonacci are basically voodoo (although less so Fibonacci because bots actually trade based on them). But indictors are sound

[Anonymous No.8215111]

>>8215012
I have a PhD in Mathematics, TA isn't that bad.

[Anonymous No.8215156]

>>8215012
If you think you can't quantify large scale human behavior with respect to overbuying/overselling based on track record of buying and selling you're limited in your thinking.

There will always be an elasticity in price due to people taking profits. You buy at 10 dollars as the price climbs more and more people will be willing to take profits based on when they purchased. It's not that complicated.

Technical analysis seeks to understand that and use patterns that form from this sort of elasticity.

[Anonymous No.8215297]

>>8215108
Good, a lot of people have bought into the Elliot wave koolaid
>>8215156
Lines, shapes, and other bullshit are basically astrology. I'll concede that there may be merit to a conservative quantification of market patterns using "indicators", however it's my understanding that markets are chaotic systems and cannot be predicted in such a way. If bots didn't use TA then TA wouldn't work.

[Anonymous No.8215315]

>>8215012
Dude, day traders make anywhere between $500 to $2000 a day. Do you think they're using fundamental analysis?

[Anonymous No.8215343]

>>8215297
>If bots didn't use TA then TA wouldn't work.
yeah because TA is is a recently invented programming language exclusively for trading bots

[Anonymous No.8215346]

>>8215315
Dude, day traders get JUSTed daily and most of them lose it all. If enough people do it of course some will be successful.

[Anonymous No.8215362]

>>8215343
If bots didn't use TA with respect to crypto, then TA wouldn't work. In a traditional market it's just as plausible that human actors are the reason that TA worked, they're basically bots anyway.

[Anonymous No.8215369]

>>8215346
>if enough people do it of course some will be successful

If you took all of Andrew Azis's trades and replaced them with Joe Shitshow's trades for the last five years, who do you think would have a higher profitability?

[Anonymous No.8215402]

>>8215369
I don't know, why don't you conduct a study and find out brainlet, maybe then your shit would have some scientific evidence.

[Anonymous No.8215485]

>>8215012
I don't know how much education one needs to be a competent mathematician or statistician in your eyes, but I'm in grad school in a very math heavy field.

Nobody says that TA has any mathematical merit. Thats because it has nothing to do with math. Drawing memelines is not math.

However, empirical evidence suggests that it works. Try drawing some memelines yourself.

I think the main argument against TA is the efficient market hypothesis. If you spend 10 minutes learning what that actually means, then you'll see that it might be a nice mathematical model, but it's obviously not reality as we have trends, bubbles and whatever.

[Anonymous No.8215498]

>>8215402
Don't give me that bullshit, think about it -- the difference between the successful and the unsuccessful here in large part depends on strategy. Aziz has a 70%-80% profitability; he uses the same basket full of strategies all the time. It doesn't mean he's got the biggest bag of dumb luck on the planet, it implies that blowing up your account is a result of making mistakes -- to put in simple terms, shorting when you should long, longing when you should short, getting involved when you should stay out all together...

People get their asses kicked because they don't treat it as a business. It requires a lot of practice, a lot of study, and a whole lot of discipline -- which, coincidentally, most people tend to shy away from. Don't shit on the game because undisciplined, unlearned, unpracticed and unskilled players get in and blow up their accounts.

[Anonymous No.8215572]

>>8215485
What's empirical about trying myself? If anyone had any empirical evidence for TA it would be a huge deal. TA fags are always struggling to come up with scientific evidence for their nonsense.
What field are you studying in? Engineering is math heavy but I wouldn't ask an engineer about statistics.

[Anonymous No.8215935]

>>8215572
With math heavy I meant the definition-theorem-proof kind of math. The field is theoretical work somewhere along the lines of stats/ml/applied math. But you don't need any math to see empirical evidence that memelines have some kind of merit. Draw some lines on the btcusd chart and ask yourself if that looks like a random walk. How retarded are you? What do you think is empirical evidence? Do you want sombody to give you a mathematical proof? I'm pretty sure that you can find some statistical test that the efficient market is not reality. But thats not a mathematical proof of course and may be wrong anyway.

Also, if you concede that indicators may have merit, then that means that you also concede that the efficient market hypothesis isn't correct.

[Anonymous No.8216001]

lel thx op just made 0.07 btc on shorting the bitcoon

[Abstract !!vom15n706ZT No.8216163]

>>8216001
Hey same here man haha

[Anonymous No.8216170]

>>8215935
The efficient market hypothesis is obviously bunk, but that's not the only argument against TA.

[Anonymous No.8216390]

>>8216170
I agree.

[Anonymous No.8216465]

Stupid question but the XBT wallet is a BTC wallet? I can send BTC to it from e.g. Binance?

[Anonymous No.8216466]

>>8216163
mine is -20000 from 9390, and i already took 55% at 9100 am i doing this right??

[Anonymous No.8216530]

>>8208150
Your risk management is shit

[Anonymous No.8216757]

Jesus fucking christ Bitmex's UI is so unintuitive.

[Anonymous No.8216781]

>>8207684
yikes

[Anonymous No.8216786]

>>8209381
>Download the app for iOS, even with your free account you'll have access to all timeframes
Got the iOS app and created/logged in with an account but I still don't see 8H candles

[Anonymous No.8216793]

>>8209584
recommend a vpn friend? paid or free

[Abstract !!vom15n706ZT No.8216817]

>>8216757
Yeah it is a bit confusing at first. Check out some short youtube guides on it

>>8216786
You need a pro account to get custom timeframes. You can just do a free 30 day trial of pro then cancel your subscription and create a new account and do it again. That's what I do

[Anonymous No.8216875]

>>8206950
Good job OP, detail your trade? When did you get in? how much leverage?

Obligatory BitMEX ref get 10% off commission ;
bitmex.com/register/VzXvBi

I shorted bitcoin as well

[Anonymous No.8216879]

>open long
>bitcoin crashes
>open short
>bitcoin rises

[Anonymous No.8216899]

>>8206950
stop trying to shill and get us to short ffs

[Anonymous No.8216900]

>>8206950
is this the same post from 8 hours ago or a new one?, they are identical. Put some imagination shills

[Abstract !!vom15n706ZT No.8217014]

>>8216875
First short was at 11300 with 25x, reinvested the profits into another short at 10700, reinvested the profits into another short at 9750

>>8216900
It's the same thread

[Anonymous No.8217189]

>>8217014

What do you mean 8h TF?

Using the indicator the color doesn't change?

[Anonymous No.8217328]

Sorry for the dumb question but if I close a short position at say x100 leverage after a price has dropped $100 what does that mean? Doesn't this mean if I keep doing that (as long as price keeps dropping) I get crazy profits?

[Anonymous No.8217365]

>>8217328
yeah but afaik u can get liquidated pretty quickly, right?

[Anonymous No.8217392]

>>8217328
Yes. And if the price rises, you'll get a crazy loss that will liquidate you faster than you can look. Or in other words: all your money is gone if the price rises slightly.

[Anonymous No.8217415]

>>8217365
Yes. Obviously I wont do that yet, I'll try with x2
Also I'm so dumb i didn't realize that going long is buying and shorting is selling.

[Anonymous No.8217426]

>>8217415
yeah I never used bitmex yet seems too risky for my small BTC position :(

[Anonymous No.8217440]

>>8217426
You can use x2 in bitmex my man

[Anonymous No.8217496]

>>8217440
Apparently deposits/withdrawals are free aswell

[Anonymous No.8217509]

>>8217328

Yes, but the thing is with x100 on $100 you could almost get instantly liquidated lmao

[Abstract !!vom15n706ZT No.8217526]

I opened a long at 9930, I think it's seriously struggling to push and stay below 9k

[Anonymous No.8217542]

>>8217509
Yup

[Anonymous No.8217563]

>>8217526
I don't know what to do, it's just hovering around 9k
ugh

[Sadst No.8217567]

>>8217526
kek

[Anonymous No.8217662]

>>8206950
Do you still have any positions open?

[Anonymous No.8217664]

Will it go below 9k now bois?

[Anonymous No.8217708]

What the fuck is going on on BitMex Mainnet wtf

[Anonymous No.8217736]

>>8216879
You were on the wrong side of the 50% coin toss my friend.

[Anonymous No.8217924]

>>8206950
Total scam. Tradingview demands a valid credit card for a "free trial." Brainlets beware

[Sadst No.8217956]

>>8217924
so do most free trials you fucking brainlet

[Anonymous No.8218026]

>>8217924
>tradingview is a scam
how new are you? is it literally your first day trading?

[Anonymous No.8218067]

>>8217924
First day on the internet for you huh

[Anonymous No.8218109]

>>8217014
Balls dude. That took balls. How good do you feel now?

[Abstract !!vom15n706ZT No.8218140]

>>8218109
Feel pretty good haha. It didn't even feel that ballsy because I knew we were in a strong downtrend

[Anonymous No.8218476]

AHAHAHAH $8900

[Anonymous No.8218516]

>>8206950
TUMBLING DAWN

[Anonymous No.8218636]

Teaching /biz/lets to short. wew lad. Can't wait for the pink wojaks in a week complaining about depreciating gf's and losing money with margin trading.

[Sadst No.8218698]

MY FUCKING SHORTS
WOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO
>>8218636
can't all be winners.

[Anonymous No.8218752]

Going long on testnet. whew, dodged a bullet