I think what you're looking for is something slightly more advanced than simple price threshold. Did you see this app for crypto alerts? It supports a specific alert for bitcoin that you are referring to called the "Abnormal Volatility Alert"

Hey there,

I am interested in keeping some of the pages up-to-date. Please accept the following username: DuncanCrypto

Kind regards,
Duncan

I believe this cannot be said without adding some nuance. From my time trading forex, I agree that in principle a good trader would have to be able to make money in all conditions. HOWEVER, to me this is mostly due to the fact that you can go both long and short on all pairs. Going short in forex is extremely normal and a highly common activity.

Yes, if you can go long and short you should be able to make money in all market conditions. Since most exchanges only offer long positions, and the few that do offer short positions only do it for a few coins, it is extremely difficult to make money if you know the chances on a decline in price are constantly higher than an increase in price.

Can you make money with going LONG?
Sideways: yes.
Uptrend: oh, yes.
Slight downtrend: maybe
Strong downtrend: very hard.

Hey everyone, I like to keep a monthly overview of how bitcoin is doing. I know many of you may have stopped trading over the last year as we’ve had so many consecutive horrible months. Trading with a negative bias makes trading in crypto even harder than it normally already is. That is, considering you only go for long positions.

Starting in 2020, we’ve seen a fantastic month for bitcoin with an increase of 30.59%. On average altcoins gained 26.52% in value (when looking at their USD value). Also speaking from personal experience, trading over January was much easier than the previous months.

If you are considering getting back into crypto, this might be a great time. Make sure you keep an eye out on the market!

If you want to get more information over how January 2020 is doing compared to 2019 check out this in-depth analysis I wrote at https://www.100-eyes.com/blog/monthly_update/2020/01


Here you can see the average performance of altcoins over the previous twelve months. As you can see January 2020 was the second best month and only the second positive month since April 2019!:

Do you mean by going through all the charts yourself to find divergences and support zones? Or do you have a trick to automatically get the RSI divergences drawn onto the chart like an indicator?

The 100eyes scanner just made a new alert available: https://twitter.com/100eyesCrypto/status/1213884952024113153?s=20

Do any of you have experience trading support zones and RSI Divergences? Do you think it will be worth to try?

I actually wrote a piece about that as well on Steemit: https://steemit.com/cryptocurrency/@wickcrypto/an-emotional-guide-to-crypto-trading-why-paper-trading-is-useless

The beautiful part is that for advanced traders, they do not only master their own emotions. No. They also understand the emotions of others. It's precisely these emotions that make them understand which direction an asset is going. Greed will start as a negative and dangerous emotion for you while trading. But in the end it's the understanding about greed that will make a trader profitable and help to predict what others will do.

Thanks for sharing, I had a look at the website you mentioned. To be honest with you, there's a lot of words, but almost no information. I found it very difficult to extract what it is EXACTLY that they will be doing, or how it's going to help me. I have mainly just seen a lot of marketing. I guess I'll have to wait until it actually launches?

$10 a day is $3650 a year. Multiply by 20%, that's $750 savings a year, I'd say it's a nice little holiday you just got yourself for free!

But I understand what you mean, I recently made it to VIP level 2 so I have around 600 BTC per month in trading volume. I can tell you that with these amounts an extra discount really makes a significant difference.

I think the point is different. Right now many people still are using their account that they signed up with initially on Binance. But there is literally no point in keeping that account, you are better off to make a new account now since the 20% fee discount is permanent and might have a temporary nature. You will not trade from multiple accounts, you are only trading from your new account.

No need to split the funds. And I actually contacted the customer service about this. It's a legal practice, the only thing they say is that you need to use a different document if you sign up for KYC again (e.g. drivers license instead of passport or the other way around).

Love this one, didn't know it! Will explore it over the coming few days.

Thanks for sharing

I think you're interpreting it not literal enough. What I read here https://www.binance.com/en/support/articles/360001155692 is the following: "Posting your own Binance referral link as advertisements on search engines such as  Google, Bing, Baidu, etc.". How I interpret this is that you're not allowed to use Google Ads and put your referral link at the top when someone searches for 'Binance'. If however, you have a page where the referral link is found and google indexes it organically - there is no problem.




Also here, I think we are both interpreting it differently. I meant to say that you do not need to refer someone yourself. You don't need to promote your personal referral link, you just need to switch your trading to your own new account and sign up using somebody else's referral link, like the one from https://www.100-eyes.com/20-percent-discount-on-binance.

Then, you will not have to go through the trouble of finding others to invite yourself - instead you just benefit directly without any extra effort other than switching to a new Binance account.

It works on top of the BNB savings indeed. You can see the full overview here: https://www.binance.com/en/fee/schedule. Using the 20% discount you'd be moving from the second-to-last column, to the most-right column.

(not sure if my account allows to paste an image, but here is an image url: )

I wasn't even talking about self-referring, that is clearly forbidden and has some risks. I simply mean get the 20% referral link, and just re-create your Binance account with a new email address, to make sure you can benefit from the additional fee discount. There's really no point in keeping your account if it doesn't have the 20% permanent discount enabled, you're simply giving away free money to Binance.

I also reached out to customer support to ask whether it is allowed to create a new account. They mentioned it is allowed only if you use a different KYC document, or if you're not a KYC verified account it's fine.

Thanks, removed.

Binance just completely changed their fee structure: https://www.binance.com/en/support/articles/360032968351. This means you can save a lot of money while trading!

This is how it works:
- They introduced a new kind of referral link, that instead of benefiting the person from the referral link now also gives a benefit for YOU who uses that link to sign up.
- The discount will be applied every time you trade, saving you money on fees.
- There are special discount categories for the new referral link, 0%, 5% and 10% for normal accounts. And exclusively available to large accounts: 15% and even 20% permanent discount
- Anyone can benefit from these links, but you will have to create a new account to make it work.

It can be difficult to find a link with the highest discount category of 20% that actually works.  For more info, including a working referral link for the highest category go to: https://www.100-eyes.com/20-percent-discount-on-binance


F.A.Q.

Q. But I thought you're only allowed to have one account on Binance?
A. You can have as many accounts as you want that are unverified. If you went through KYC you will need to either sign up using a different verification document or destroy your account through a ticket (https://www.reddit.com/r/binance/comments/99sdir/are_we_allowed_to_have_more_than_one_account/)

Q. Do I need a different email address to sign up?
A. Yes, you will need a new email address for your new discount-unlocked account.

Q. Is it worth creating a new account just for the fees?
A. Yes, every single trade you will make from now on will have this discount. It will add up to a lot over the long run.  

I'm very interested in your trading journal. How do you organize your trade record keeping? This is something I've always wanted but never actually managed to do..

With my goal of becoming a full-time trader, I have recently spent a lot of time researching different tools. I learned that most tools are just ways to earn easy money for the creator, but there are some that truly make a difference.

In order to save your time, this is my shortlist of the four things I use most, and that have given me the most value:
- TensorCharts (https://www.tensorcharts.com/)
- 100eyes Crypto Scanner (https://www.100-eyes.com)
- CryptoPanic (https://cryptopanic.com/)
- Tradingviews Ideas (https://www.tradingview.com/ideas/crypto/)

Also, I wrote an article summarizing how I use them:
https://medium.com/@100eyes_crypto/4-tools-for-the-modern-crypto-trader-4ea13cd3130a


Let me know what you think, and if there's something else I should try.

This is very well said. Having a plan like this and NOT deviating from it is the key. You need to know before you start the trade what you're willing to risk and what you're going to take out of it potentially. If you place the buy without knowing your sells - you are in for an emotional ride..

Perfect  . Somehow 90% of the people who answered didn't focus on the layman part and still explained it like everyone is explaining it... using unnecessary terminology.

Appreciated!