I foresee a China related bear trap soonish. 
Topic: 10/21 EMA has crossed! Weekly MACD set to cross up! Full Moon in 7 days! - page 4. (Read 6439 times)
June 05, 2014, 09:34:25 AM
MatTheCat will probably lose his shirt and sell out in the pre-bubble shake out (a la Silk Road). I foresee a China related bear trap soonish.
I foresee a China related bear trap soonish. 
June 05, 2014, 09:28:45 AM
I was super bullish, but now MtC has turned bullish I am more afraid than I was expecting, despite TA, fundamentals and a good degree of base nieve optimism. Matt, I hope your bad luck has switched, because for the first time I am agreeing with you, god help me.
June 05, 2014, 09:00:13 AM
10/21 EMA has crossed! Weekly MACD set to cross up! Full Moon in 7 days! You think Full Moon is irrelevant? Go and look at the Bitcoin chart history and see what Bitcoin generally does around the time of a Full Moon!
Bitcoin is wildy overextended at the moment, yet their are participants in the market who seem intent to keep Bitcoin supported within the 23% Fib retracement zone from the foot of the $420-$680 rise. Fearing a strong correction, I have been dipping in and out of the market since the $680 top, sometimes winning, but mostly just pissing all over my leg and my shoes. Therefore, I have taken what I have left in my Bitstamp account, turned it into Bitcoin @$660, and transferred it to an offline wallet where I can't do anything rash or stupid first time I see any signs of a negative indicator or divergence on the chart.
I speculate that with the alignment of the above long term indicators, that deep pocketed whales are going to ensure that Bitcoin receives a hefty ramp, perhaps instigating another manic rush into Bitcoin. The history is there. Everyone has seen what has happened 3 times before. When they see it happening again, what kind of gains are going to be in peoples imaginations? $2K? $5K? $10K?
MatTheCat has just went from cautiously bullish (which meant taking profits and trying to catch pull backs and invariably being left chasing the market), to full on bullish. I am a shit trader, so it wouldn't surprise me that now that my patience has broke and I have went long term long at $660, if Bitcoin pulled back to the $580 range where I had my buy-ins lined up, however, longer term, the only way is up here, and up a whole damn lot..............or will I prove to be the ultimate contrarian indicator when I turn bullish?
Bitcoin is wildy overextended at the moment, yet their are participants in the market who seem intent to keep Bitcoin supported within the 23% Fib retracement zone from the foot of the $420-$680 rise. Fearing a strong correction, I have been dipping in and out of the market since the $680 top, sometimes winning, but mostly just pissing all over my leg and my shoes. Therefore, I have taken what I have left in my Bitstamp account, turned it into Bitcoin @$660, and transferred it to an offline wallet where I can't do anything rash or stupid first time I see any signs of a negative indicator or divergence on the chart.
I speculate that with the alignment of the above long term indicators, that deep pocketed whales are going to ensure that Bitcoin receives a hefty ramp, perhaps instigating another manic rush into Bitcoin. The history is there. Everyone has seen what has happened 3 times before. When they see it happening again, what kind of gains are going to be in peoples imaginations? $2K? $5K? $10K?
MatTheCat has just went from cautiously bullish (which meant taking profits and trying to catch pull backs and invariably being left chasing the market), to full on bullish. I am a shit trader, so it wouldn't surprise me that now that my patience has broke and I have went long term long at $660, if Bitcoin pulled back to the $580 range where I had my buy-ins lined up, however, longer term, the only way is up here, and up a whole damn lot..............or will I prove to be the ultimate contrarian indicator when I turn bullish?
The last bear (kinda) has turned bull... This can only mean one thing :/
June 05, 2014, 08:49:28 AM
10/21 EMA has crossed! Weekly MACD set to cross up! Full Moon in 7 days! You think Full Moon is irrelevant? Go and look at the Bitcoin chart history and see what Bitcoin generally does around the time of a Full Moon!
Bitcoin is wildy overextended at the moment, yet their are participants in the market who seem intent to keep Bitcoin supported within the 23% Fib retracement zone from the foot of the $420-$680 rise. Fearing a strong correction, I have been dipping in and out of the market since the $680 top, sometimes winning, but mostly just pissing all over my leg and my shoes. Therefore, I have taken what I have left in my Bitstamp account, turned it into Bitcoin @$660, and transferred it to an offline wallet where I can't do anything rash or stupid first time I see any signs of a negative indicator or divergence on the chart.
I speculate that with the alignment of the above long term indicators, that deep pocketed whales are going to ensure that Bitcoin receives a hefty ramp, perhaps instigating another manic rush into Bitcoin. The history is there. Everyone has seen what has happened 3 times before. When they see it happening again, what kind of gains are going to be in peoples imaginations? $2K? $5K? $10K?
MatTheCat has just went from cautiously bullish (which meant taking profits and trying to catch pull backs and invariably being left chasing the market), to full on bullish. I am a shit trader, so it wouldn't surprise me that now that my patience has broke and I have went long term long at $660, if Bitcoin pulled back to the $580 range where I had my buy-ins lined up, however, longer term, the only way is up here, and up a whole damn lot..............or will I prove to be the ultimate contrarian indicator when I turn bullish?
Bitcoin is wildy overextended at the moment, yet their are participants in the market who seem intent to keep Bitcoin supported within the 23% Fib retracement zone from the foot of the $420-$680 rise. Fearing a strong correction, I have been dipping in and out of the market since the $680 top, sometimes winning, but mostly just pissing all over my leg and my shoes. Therefore, I have taken what I have left in my Bitstamp account, turned it into Bitcoin @$660, and transferred it to an offline wallet where I can't do anything rash or stupid first time I see any signs of a negative indicator or divergence on the chart.
I speculate that with the alignment of the above long term indicators, that deep pocketed whales are going to ensure that Bitcoin receives a hefty ramp, perhaps instigating another manic rush into Bitcoin. The history is there. Everyone has seen what has happened 3 times before. When they see it happening again, what kind of gains are going to be in peoples imaginations? $2K? $5K? $10K?
MatTheCat has just went from cautiously bullish (which meant taking profits and trying to catch pull backs and invariably being left chasing the market), to full on bullish. I am a shit trader, so it wouldn't surprise me that now that my patience has broke and I have went long term long at $660, if Bitcoin pulled back to the $580 range where I had my buy-ins lined up, however, longer term, the only way is up here, and up a whole damn lot..............or will I prove to be the ultimate contrarian indicator when I turn bullish?
I see gains right there in your post. You decided that hodl is the best strategy
. June 05, 2014, 08:29:23 AM
Perhaps all of the margin kiddies are still sleeping (6:28AM PST), but bitfinex swap offers are staying low and inactive. I would have thought they would be surging up along with this break past that 640 barrier.
I am right there with you Mat!
I am right there with you Mat!
June 05, 2014, 08:28:20 AM
Yeah I expected more of a retracement too, good thing I have forbidden myself from trading when Bitcoin is in an uptrend as I wasted lots of time and energy trying to trade during the November rally and only lost coins in the process. I will resume trading when the trend reverses again.
If you look at the reversal for each leg up, they have always stopped around the 23% Fib retracement zone and hit it within the first 2-3 15 minute candles almost. I am sure a bigger 30%-50% retracement will come, but when? Been waiting on it since the mid/upper $500s!
A good strategy for trading Bitcoin would be to move your buy-ins up in line with a 23% retracement as measured from bottom ($420) to the top. If someone has been doing that in the past 2 weeks, then they would have done very well for themselves, but having said that, now that this strategy has become obvious, it probably won't work that way anymore.
Shorting Bitcoin right now would be suicidal, unless you happen to be an insider of the whale entities who are deciding when and where to let pressure out the market. Only then could any trader expect to capitalise on any of the flash crashes which are mostly bottomed out within 30 minutes.
June 05, 2014, 08:19:28 AM
Yeah I expected more of a retracement too, good thing I have forbidden myself from trading when Bitcoin is in an uptrend as I wasted lots of time and energy trying to trade during the November rally and only lost coins in the process. I will resume trading when the trend reverses again.
June 05, 2014, 08:19:02 AM
10/21 EMA has crossed! Weekly MACD set to cross up! Full Moon in 7 days! You think Full Moon is irrelevant? Go and look at the Bitcoin chart history and see what Bitcoin generally does around the time of a Full Moon!
Bitcoin is wildy overextended at the moment, yet their are participants in the market who seem intent to keep Bitcoin supported within the 23% Fib retracement zone from the foot of the $420-$680 rise. Fearing a strong correction, I have been dipping in and out of the market since the $680 top, sometimes winning, but mostly just pissing all over my leg and my shoes. Therefore, I have taken what I have left in my Bitstamp account, turned it into Bitcoin @$660, and transferred it to an offline wallet where I can't do anything rash or stupid first time I see any signs of a negative indicator or divergence on the chart.
I speculate that with the alignment of the above long term indicators, that deep pocketed whales are going to ensure that Bitcoin receives a hefty ramp, perhaps instigating another manic rush into Bitcoin. The history is there. Everyone has seen what has happened 3 times before. When they see it happening again, what kind of gains are going to be in peoples imaginations? $2K? $5K? $10K?
MatTheCat has just went from cautiously bullish (which meant taking profits and trying to catch pull backs and invariably being left chasing the market), to full on bullish. I am a shit trader, so it wouldn't surprise me that now that my patience has broke and I have went long term long at $660, if Bitcoin pulled back to the $580 range where I had my buy-ins lined up, however, longer term, the only way is up here, and up a whole damn lot..............or will I prove to be the ultimate contrarian indicator when I turn bullish?
Bitcoin is wildy overextended at the moment, yet their are participants in the market who seem intent to keep Bitcoin supported within the 23% Fib retracement zone from the foot of the $420-$680 rise. Fearing a strong correction, I have been dipping in and out of the market since the $680 top, sometimes winning, but mostly just pissing all over my leg and my shoes. Therefore, I have taken what I have left in my Bitstamp account, turned it into Bitcoin @$660, and transferred it to an offline wallet where I can't do anything rash or stupid first time I see any signs of a negative indicator or divergence on the chart.
I speculate that with the alignment of the above long term indicators, that deep pocketed whales are going to ensure that Bitcoin receives a hefty ramp, perhaps instigating another manic rush into Bitcoin. The history is there. Everyone has seen what has happened 3 times before. When they see it happening again, what kind of gains are going to be in peoples imaginations? $2K? $5K? $10K?
MatTheCat has just went from cautiously bullish (which meant taking profits and trying to catch pull backs and invariably being left chasing the market), to full on bullish. I am a shit trader, so it wouldn't surprise me that now that my patience has broke and I have went long term long at $660, if Bitcoin pulled back to the $580 range where I had my buy-ins lined up, however, longer term, the only way is up here, and up a whole damn lot..............or will I prove to be the ultimate contrarian indicator when I turn bullish?
I fully approve of this post! Especially moon + weekly EMA cross based TA.
Good luck!
June 05, 2014, 08:16:08 AM
I have taken what I have left in my Bitstamp account, turned it into Bitcoin @$660, and transferred it to an offline wallet where I can't do anything rash or stupid first time I see any signs of a negative indicator or divergence on the chart.
Wising up now are you, congratulations. About the thing I did two years ago moved most to the paper wallet to keep it safe from myself.
Leave some 5% on the exchanges though, in case you need to vent...
June 05, 2014, 08:12:15 AM
I have taken what I have left in my Bitstamp account, turned it into Bitcoin @$660, and transferred it to an offline wallet where I can't do anything rash or stupid first time I see any signs of a negative indicator or divergence on the chart.
Wising up now are you, congratulations. About the thing I did two years ago moved most to the paper wallet to keep it safe from myself.
Leave some 5% on the exchanges though, in case you need to vent...
June 05, 2014, 08:11:56 AM
10/21 EMA has crossed! Weekly MACD set to cross up! Full Moon in 7 days! You think Full Moon is irrelevant? Go and look at the Bitcoin chart history and see what Bitcoin generally does around the time of a Full Moon!
Bitcoin is wildy overextended at the moment, yet their are participants in the market who seem intent to keep Bitcoin supported within the 23% Fib retracement zone from the foot of the $420-$680 rise. Fearing a strong correction, I have been dipping in and out of the market since the $680 top, sometimes winning, but mostly just pissing all over my leg and my shoes. Therefore, I have taken what I have left in my Bitstamp account, turned it into Bitcoin @$660, and transferred it to an offline wallet where I can't do anything rash or stupid first time I see any signs of a negative indicator or divergence on the chart.
I speculate that with the alignment of the above long term indicators, that deep pocketed whales are going to ensure that Bitcoin receives a hefty ramp, perhaps instigating another manic rush into Bitcoin. The history is there. Everyone has seen what has happened 3 times before. When they see it happening again, what kind of gains are going to be in peoples imaginations? $2K? $5K? $10K?
MatTheCat has just went from cautiously bullish (which meant taking profits and trying to catch pull backs and invariably being left chasing the market), to full on bullish. I am a shit trader, so it wouldn't surprise me that now that my patience has broke and I have went long term long at $660, if Bitcoin pulled back to the $580 range where I had my buy-ins lined up, however, longer term, the only way is up here, and up a whole damn lot..............or am I the ultimate contrarian indicator when I turn bullish?
We will either have a big rally soon or a small one that will act as a launch platform for the biggest rally we have ever seen later this year. Either way, now is not a time to be selling or shorting Bitcoin is wildy overextended at the moment, yet their are participants in the market who seem intent to keep Bitcoin supported within the 23% Fib retracement zone from the foot of the $420-$680 rise. Fearing a strong correction, I have been dipping in and out of the market since the $680 top, sometimes winning, but mostly just pissing all over my leg and my shoes. Therefore, I have taken what I have left in my Bitstamp account, turned it into Bitcoin @$660, and transferred it to an offline wallet where I can't do anything rash or stupid first time I see any signs of a negative indicator or divergence on the chart.
I speculate that with the alignment of the above long term indicators, that deep pocketed whales are going to ensure that Bitcoin receives a hefty ramp, perhaps instigating another manic rush into Bitcoin. The history is there. Everyone has seen what has happened 3 times before. When they see it happening again, what kind of gains are going to be in peoples imaginations? $2K? $5K? $10K?
MatTheCat has just went from cautiously bullish (which meant taking profits and trying to catch pull backs and invariably being left chasing the market), to full on bullish. I am a shit trader, so it wouldn't surprise me that now that my patience has broke and I have went long term long at $660, if Bitcoin pulled back to the $580 range where I had my buy-ins lined up, however, longer term, the only way is up here, and up a whole damn lot..............or am I the ultimate contrarian indicator when I turn bullish?
June 05, 2014, 08:10:21 AM
10/21 EMA has crossed! Weekly MACD set to cross up! Full Moon in 7 days! You think Full Moon is irrelevant? Go and look at the Bitcoin chart history and see what Bitcoin generally does around the time of a Full Moon!
Bitcoin is wildy overextended at the moment, yet their are participants in the market who seem intent to keep Bitcoin supported within the 23% Fib retracement zone from the foot of the $420-$680 rise. Fearing a strong correction, I have been dipping in and out of the market since the $680 top, sometimes winning, but mostly just pissing all over my leg and my shoes. Therefore, I have taken what I have left in my Bitstamp account, turned it into Bitcoin @$660, and transferred it to an offline wallet where I can't do anything rash or stupid first time I see any signs of a negative indicator or divergence on the chart.
I speculate that with the alignment of the above long term indicators, that deep pocketed whales are going to ensure that Bitcoin receives a hefty ramp, perhaps instigating another manic rush into Bitcoin. The history is there. Everyone has seen what has happened 3 times before. When they see it happening again, what kind of gains are going to be in peoples imaginations? $2K? $5K? $10K?
MatTheCat has just went from cautiously bullish (which meant taking profits and trying to catch pull backs and invariably being left chasing the market), to full on bullish. I am a shit trader, so it wouldn't surprise me that now that my patience has broke and I have went long term long at $660, if Bitcoin pulled back to the $580 range where I had my buy-ins lined up, however, longer term, the only way is up here, and up a whole damn lot..............or will I prove to be the ultimate contrarian indicator when I turn bullish?
Bitcoin is wildy overextended at the moment, yet their are participants in the market who seem intent to keep Bitcoin supported within the 23% Fib retracement zone from the foot of the $420-$680 rise. Fearing a strong correction, I have been dipping in and out of the market since the $680 top, sometimes winning, but mostly just pissing all over my leg and my shoes. Therefore, I have taken what I have left in my Bitstamp account, turned it into Bitcoin @$660, and transferred it to an offline wallet where I can't do anything rash or stupid first time I see any signs of a negative indicator or divergence on the chart.
I speculate that with the alignment of the above long term indicators, that deep pocketed whales are going to ensure that Bitcoin receives a hefty ramp, perhaps instigating another manic rush into Bitcoin. The history is there. Everyone has seen what has happened 3 times before. When they see it happening again, what kind of gains are going to be in peoples imaginations? $2K? $5K? $10K?
MatTheCat has just went from cautiously bullish (which meant taking profits and trying to catch pull backs and invariably being left chasing the market), to full on bullish. I am a shit trader, so it wouldn't surprise me that now that my patience has broke and I have went long term long at $660, if Bitcoin pulled back to the $580 range where I had my buy-ins lined up, however, longer term, the only way is up here, and up a whole damn lot..............or will I prove to be the ultimate contrarian indicator when I turn bullish?
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