(Part 2) Best products from r/BitcoinMarkets

For candles I really like the overview on Incredible Charts.

Investopedia is a great resource for pretty much anything related to trading. Many people also recommend BabyPips for learning the basics.

I don't have any books recs from personal experience, though I see Random Walk Down Wall Street and The Black Swan recommended around here often.

Trying stuff out on a chart yourself is often the best teacher. Check out cryptowat.ch for basic tools and tradingview.com for more advanced stuff.

Good luck!

You misunderstood the first line.

>The double top is a frequent price formation at the end of a bull market.

Double tops are major formations not noise fluctuations.

EDIT: If you want to learn T.A., here is a good place to start. http://www.amazon.com/Schwager-Futures-Technical-Analysis-Jack/dp/0471020516

Nice idea. It might not be pretty, but you might be able to buy an engraver and do it yourself. This one is 3 millibits: https://www.amazon.com/Electric-Engraving-Engraver-Jewellery-Jewelry/dp/B01M6X5KWV

Doesn't have to be pretty if nobody supposed to be lookin' at it right?

Hey guys... I should probably know better by now and I'm almost embarrassed to ask this, but... is it safe to buy HD wallets off Amazon?

https://www.amazon.com/Ledger-Nano-Cryptocurrency-hardware-wallet/dp/B01J66NF46/ref=sr_1_1?ie=UTF8&qid=1505489669&sr=8-1&keywords=nano+s

You don't need any previous experience or understanding. If you think you see a pattern forming there is a page that helps to figure out which one it is, then you can read that section of the book. If you want a primer before jumping in to that one, I would recommend this: http://www.amazon.com/Getting-Started-Patterns-Thomas-Bulkowski/dp/1118859200/ref=pd_sim_14_1?ie=UTF8&dpID=51oOonIgBaL&dpSrc=sims&preST=_AC_UL160_SR106%2C160_&refRID=1W5THFFG2NKGVW7PBRVX

You should try Mi Goreng noodles. They are probably the best instant noodles I have ever had, and I think I've tried most of them.

Another contender is called Super Bowl, and it too has a liquid-based sauce instead of the powdery crap that comes with most instant noodles.

Since 2001 I have been a semi-regular consumer of instant noodles. Although I am not at the stage where I have started a blog and begun taste-testing them... I'm close.

Also, take some vitamin C tablets and maybe some sort of protein supplement with your meals so you don't get scurvy and protein deficiency. It happens.

No that's not true. It actually does make you feel measurably happier. Read the book Stumbling on Happiness -- https://www.amazon.com/dp/1400077427/

Flag patterns are consolidation formations formed after a primary move upwards or downwards. In the case of a bull-flag, the flag pattern either tilts downwards (amounting to a shallow retracement) or forms sideways. They do not tilt upwards.

If you are interested to learn more about these patterns, I'd recommend a book such as:

https://www.amazon.com/Technical-Analysis-Trends-Robert-Edwards/dp/1607962233/ref=sr_1_12?s=books&ie=UTF8&qid=1521696586&sr=1-12&keywords=technical+analysis+of+stock+trends

Yes, I'd recommend this one.

https://www.amazon.com/John-Lennon-Life-Philip-Norman-ebook/dp/B001FA0T78/ref=sr_1_1?ie=UTF8&qid=1520134104&sr=8-1&keywords=john+lennon+biography

Investopedia and Babypips are generally recommended sites if you want to learn more about trading.

There are also several good books, for example The Disciplined Trader.

https://en.wikipedia.org/wiki/Robert_Lucas_Jr.

further reading: https://www.amazon.com/Fooled-Randomness-Hidden-Markets-Incerto/dp/0812975219/ref=pd_sim_14_2/133-0444399-0427912?_encoding=UTF8&pd_rd_i=0812975219&pd_rd_r=20G8KZ7HRQTB9EV8KRMF&pd_rd_w=QI4pT&pd_rd_wg=y8262&psc=1&refRID=20G8KZ7HRQTB9EV8KRMF

further further reading: the actual explanation of "black swan" that is starting to show up in crypto but totally incorrectly, and more importantly is the type of event that destroys TA https://www.amazon.com/Black-Swan-Improbable-Robustness-Fragility/dp/081297381X

Random Walk down Wall Street, I think this is a working PDF. site.iugaza.edu.ps/wdaya/files/2013/03/A-Random-Walk-Down-Wall-Street.pdf He presents one of many solutions to dealing w/ market randomness and how to invest, so you don't have to buy his solution. But the applicable part to TA is he's got several chapters reviewing TA specifically, and it's pretty damning.

https://www.amazon.com/Cryptoassets-Innovative-Investors-Bitcoin-Beyond/dp/1260026671

Fantastic read and just came out recently so quite relevant.

>Kelly criterion, interesting formula but it doesn't apply to bitcoin, because p is highly disputed. It's a one time event - there's just no way to even estimate it.

You can do scenario analysis to apply it:

• If bitcoin goes 20x with probability 10% (and to zero otherwise), invest 5% of your money.
  
• If bitcoin goes 100x with probability 10% (and to zero otherwise), invest 9% of your money.
  
• If bitcoin goes 50x with probability 50% (and to zero otherwise), invest 49% of your money.
  
• etc.
  
  The range of values for p and b that you find believable, will give you a range for the fraction of your money you should be investing. Many traders only invest a fraction (eg half) of what Kelly dictates, because Kelly feels pretty bold to most. "The Kelly Criterion marks the boundary between audaciousness and madness."
  
  Even if you only make one single (long term) bet on bitcoin, Kelly still applies, as long as you keep making other bets with your investments later. However, it only applies to lump sum investments. It does not apply if you have a continuous income stream from which you invest $x every month, say.
  
  When professional traders give advice on position sizing, it is almost always based on some (fractional) Kelly argument. The book 'Fortune's Formula' by William Poundstone about this is fantastic.

when the going gets tough...
Don't forget about the satellite txs either- they'll come in handy while you are on the run from .gov ;-)

That's a really good book. http://www.amazon.com/Freedom-TM-Daniel-Suarez/dp/0451231899

This is quite a good starting point:

https://www.amazon.com/Tarot-Beginners-Psychic-Reading-Meanings-ebook/dp/B00SX6JS3I/ref=sr_1_2_sspa?ie=UTF8&qid=1519665120&sr=8-2-spons&keywords=tarot+cards&psc=1

Pretty good deal here

then this one I think is nice https://www.amazon.de/Way-Turtle-Methods-Ordinary-Legendary/dp/007148664X or https://www.amazon.de/Momentum-Masters-Roundtable-Interview-Traders-ebook/dp/B0147NLBUI/ref=sr_1_1?s=instant-video&ie=UTF8&qid=1522440905&sr=8-1&keywords=momentum+interview

If you are mainly concerned with technical analysis I can recommend this book - http://www.amazon.com/gp/aw/d/0137059442 just remember most of bitcoin trading is sentiment based!

Please stop everything you are doing (in life) and read this book. https://www.amazon.com/Fooled-Randomness-Hidden-Markets-Incerto/dp/0812975219

> Normal Distribution

For what it's worth, research has shown that prices aren't normally distributed and the assumption that they are is argued to have caused an underestimation of risk that triggered the '08 financial crisis (among other market crashes). The Black Swan and the Misbehavior of Markets both discuss this for general audiences. The author of the second book, Benoit Mandelbrot, began to uncover these mistaken assumptions while researching the applications of fractal geometry to finance.