Lose all your capital fast, with MatTheCat and his TA 101A! - page 28.

MatTheCat

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Quote from: Ted E. Bare on June 26, 2016, 09:24:42 PM

PRO TIP: Hold this time, or you will miss out on the new all time high. Good luck.

pffft...'Hold BTC'?

No way. Not ever!

I can see that I should have set targets last night and kept them modest....VERY MODEST. Sure BTC turned on a sixpence on the PBOC news...but if anything, that was simply a reaction of existing market participants (after all, I bought into it as well). End of the day, if their was to be a surge in Chinese buying cos of PBOC devaluation of thioer currency, then it has already happened and thus already been (over)priced in.

So we had a rapid reversal, but in the absence of any real fundamental driver, BTC has just farted out....looks like it is headed away down into the $620s as I type......man..this is going to piss me off. Market just playing with bulls and bears at the moment.....I need to get a whole lot sharper at recognising market state....playing the 'range' game during monster trends and then get myself into 'trend' mode during the 'range'.

r0ach

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Quote from: Ted E. Bare on June 26, 2016, 09:24:42 PM

PRO TIP: Hold this time, or you will miss out on the new all time high. Good luck.

Mat doesn't understand you can own BTC without being in a leveraged margin position. It's even in the news as the best performing currency on the planet, what was it? 4 out of the 5 last years? He would rather cash out to a collapsing British Pound though.

Ted E. Bare

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Bear with me

PRO TIP: Hold this time, or you will miss out on the new all time high. Good luck.

MatTheCat

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News just came in that PBOC have devalued the CNY against the USD. BTC started to turn, and just kept climbing, so I instinctively hit the break out long. If I was 'smart', I would have just scraped my short when I heard this news, and went long.....but that would have seemed too 'reactionary', but in the end, commonse sense prevailed...i think?

No real targets in mind yet. No Stop Loss set. What with all the Brexit palaver, the USD rising against everything, and then the PBOC coming out and devaluing their currency the most since August 2015....this may just fly. I am not saying that it will, but it might just...oh yeah...and then there is this 'Halving' event just a couple of weeks down the line.

r0ach

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The June 26, 2016 r0ach market analysis:

https://bitcointalksearch.org/topic/m.15375907

MatTheCat

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r0ach

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Mat, settle down. I'm not here to take your Bitcoins. We have to log on BitFinex and do battle on the orderbooks first. That is, unless you stopped using BitFinex and use an even more shady site like 1Broker or SimpleFX now...

MatTheCat

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Quote from: r0ach on June 25, 2016, 04:16:57 PM

And of course seconds after you post that, the market dumps.

This was probably the reason though and not the Chinese:

https://bitcointalksearch.org/topic/m.15362332

Fuck off, twat....don't go quoting me out of context when there is clear evidence of what I was thinking just a couple of posts above.

I never took the long trade, because my long trade parameters were not met.

The trade entry point was not triggered.
The LTF MAs were bearish when the break out attempt (or rather, the FU move), occurred.

As the time approached for the pennant to resolved. I did state above, that bullish resolution was looking increasingly less likely.

r0ach

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Quote from: MatTheCat on June 25, 2016, 09:49:57 AM

it is looking like they are gonna ramp Bitcoin even more.

And of course seconds after you post that, the market dumps.

This was probably the reason though and not the Chinese:

https://bitcointalksearch.org/topic/m.15362332

MatTheCat

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Quote from: Bavaria on June 25, 2016, 10:07:00 AM

Mat BTC has recently confirmed double bottom which must logically generate uptrend, don`t you agree?

On the 15 minute - 60 minute time frame, sure, the double bottom is there, I was counting on the bounce, and despite my usual pissing all over my feet and inability to leave winning trades alone, I did manage to catch some of the upside. However, I am very surprised by how hard, fast, and direct, this has bounced. If you go much beyond the 60 minute charts, then there wasn't a double bottom at all, but great big V-Bottom, which generally (although by no means always), the market is going to want to test. Just look at Bitcoin's history on higher time frames and show me a single time where a V bottom was not tested at some point down the line.

....although I am currently eyeing up a long continuation trade, which is starting to look more and more unlikely to matrialise, my instinct is that $555, wasn't the ultimate low of the post pump correction. But that is just my opinion. Sometimes I am right, sometimes I am wrong and is still way to early to say that based purely on the charts.

Bavaria

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Mat BTC has recently confirmed double bottom which must logically generate uptrend, don`t you agree?

MatTheCat

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Despite the fact that Bitcoin has basically bounced 60% from it's drop, without so much as looking back (for me, yet more signs of how rigged this market is), it is looking like they are gonna ramp Bitcoin even more.

Given how hard and fast Bitcoin has bounced, this is a dangerous long trade, and only to be entered into upon confirmation of break up. LTFs are already looking bullish, and HTFs are still of course in a bullish territory. So 'IF' Bitcoin breaks up, then it will just be bull city imo:

Update: Break out up the way not looking very likely at all here....will keep my eye on it....if it breaks up, then I will hit the trade, if it breaks down, then I don't have any bearish setups prepated in my head atm.

r0ach

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Quote from: MatTheCat on June 24, 2016, 03:17:27 PM

Quote from: r0ach on June 24, 2016, 03:14:48 PM

No reverse indicator?

Ok sweetcheeks, just for you....here is the latest:

MatTheCat

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Quote from: r0ach on June 24, 2016, 03:14:48 PM

No reverse indicator?

Ok sweetcheeks, just for you....here is the latest:

r0ach

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No reverse indicator?

MatTheCat

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Quote from: r0ach on June 24, 2016, 02:43:03 AM

I wrote a song about today's market. Wanna hear it, Here it goes. It's called:

Outtraded by the r0ach again:

The cat joins the exchange
And quickly he's subdued
Through constant stop loss hunts
The young boy learns their rules

With time the cat draws in
This whipping cat done wrong
Deprived of all his coins
The young cat struggles on and on he's known
A vow unto his own
That never from this day
Bitfinex would take away his coins easy

Hooray for you once again r0ach..u da best! Roll Eyes

Despite my usual follies, I still managed to get a small slice of the upside:

r0ach

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Quote from: MatTheCat on June 23, 2016, 01:24:12 PM

I do this ALL THE FUCKING TIME!

I wrote a song about today's market. Wanna hear it, Here it goes. It's called:

Outtraded by the r0ach again:

The cat joins the exchange
And quickly he's subdued
Through constant stop loss hunts
The young boy learns their rules

With time the cat draws in
This whipping cat done wrong
Deprived of all his coins
The young cat struggles on and on he's known
A vow unto his own
That never from this day
Bitfinex would take away his coins easy

Quote from: r0ach on June 24, 2016, 02:29:56 AM

Last trades:

Selling:

Rebuying the dip:

This might have been a good long to hold but I just let it go for the scalp because I've been up like 48 hours and can't be assed dealing with babysitting a bunch of longs. There's a perfect cup and handle setup, so if you've actually slept in the last week, it might be a good entry somewhere around here with a stop loss if you want to roll the dice on getting near term Brexit chaos gains:

MatTheCat

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Quote from: Ted E. Bare on June 23, 2016, 01:47:47 PM

My feline friend, I advised you to buy and hold at 600 bucks. You suck big time.

I am not interested in holding a big pile of vapour, that I paid $600 per piece for.

siameze

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Quote from: Hyperjacked on June 23, 2016, 05:28:52 PM

Quote from: r0ach on June 22, 2016, 11:12:33 PM

Quote from: MatTheCat on June 22, 2016, 09:48:39 PM

Have just taken a pop at $575......

I would gladly see Bitcoin go to $0 and lose all my money as long as Mat took an all-in long first just to see what he typed after it happened or if Bitfinex would be blamed in some type of way.

Nice...agreed Grin

You guys are sick! Shocked

Hyperjacked

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It's all mathematics...!

Quote from: r0ach on June 22, 2016, 11:12:33 PM

Quote from: MatTheCat on June 22, 2016, 09:48:39 PM

Have just taken a pop at $575......

I would gladly see Bitcoin go to $0 and lose all my money as long as Mat took an all-in long first just to see what he typed after it happened or if Bitfinex would be blamed in some type of way.

Nice...agreed Grin

Topic: Lose all your capital fast, with MatTheCat and his TA 101A! - page 28. (Read 85774 times)