Discover and read the best of Twitter Threads about #bitcointrading

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Bitcoin remains within range, after starting corrective process. Even falling to fibo 61.8% ($8750) we would still maintain bullish structure. RSI and MACD in neutral zones, between 50 and 0 points respectively.
#Bitcoin #BTC #bullish #coinbase #binance #bitcointrading Image
Update:

Time to short enter Bitcoin?bearish divergences in RSI and MACD in 1D. Target $10,100 got. Range $9,600 - $9,700 (bullish guideline) 1stsupport. Dominance compared to falling alts and with bearish crosses.
#Bitcoin #Binance #BTC #TradingView ImageImage
Update:

Tap the $9,700 coinciding with EMA 50 and very close to the bullish guideline, producing a good bounce with volume. For now it seems that this bounce will return to a new maximum, and could invalidate the formed bearish guidelines.
#Bitcoin #BTC #USDT #binance Image
Read 5 tweets
Bitcoin sigue dentro de rango, tras iniciar proceso correctivo. Aun cayendo hasta fibo 61,8% ($8750) seguiríamos manteniendo estructura alcista. RSI y MACD en zonas neutrales, entre los 50 y 0 puntos respectivamente.
#Bitcoin #BTC #bullish #binance #coinbase #bitcointrading Image
Actualización:

¿Momento de entrar en corto en Bitcoin?divergencias bajistas en RSI y MACD en 1D.Objetivo $10.100 cumplido. Rango $9.600 - $9.700 (directriz alcista) 1ºsoporte. Dominancia respecto a las alts en caída y con cruces bajistas.
#Bitcoin #BTC #Binance #TradingView ImageImage
Actualización:

Toque a los $9.700 coincidiendo con EMA 50 y muy cerca de la directriz alcista, produciendo un buen rebote con volumen. De momento parece que este rebote volverá a buscar un nuevo máximo, y podría invalidar las directrices bajistas formadas.
#Bitcoin #BTC #USDT Image
Read 5 tweets
Perpetual Swaps are expensive to trade!

We compared Futures & Perpetual Swaps to see which is better for #trading
Futures outperformed Swaps in 13 out of 16 months. Irrespective of #bitcoin performance.
GREEN: $BTC monthly returns were +ve
RED: $BTC yielded -ve monthly returns
In DOWN months, i.e. where $BTC monthly returns were negative shorting via Futures would've yielded higher returns

This underperformance makes Perp. Swaps poor instrument for hedging

“Hedging Bitcoin balance by shorting 1x Perpetual Swap” would've cost you roughly 2% per month
For UP months ( where $BTC monthly returns were positive) a levered Long in Futures would have given higher returns.

Funding eats away from the returns of a trade!
#cryptocurrency #cryptos
Read 8 tweets

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