^
*$534
Topic: Lose all your capital fast, with MatTheCat and his TA 101A! - page 43. (Read 85774 times)
$535 floor too strong. It's going to jump back into this channel again:
I think that after chinese pushed the market last week, it's not the turn of western exchange, probably for the "same" reason (not a devaluation though, but weaknesse of the $)
Let me see if I get this: Chinese purportedly bought BTC due to yuan getting devalued rel. USD ($ too damn strong!)now the westerners are gonna buy BTC because $ too damn weak?
You must'a been to some expensive universities....
CNY is being devalued on purpose, the Chinese government wants the yuan to be weak because it makes exports more attractive (china relies heavily on exports to make money). Good sold in CNY to countries who use stronger currencies will be cheaper, and therefore more people will import Chinese products, instead of products from for example eastern Europe.
Of course, rich Chinese aren't happy with a weakening CNY because their money will evaporate. They want to spend more (especially if they want to import luxurious goods, which will become more expensive as yuan devalues).
That's why some might cash out into USD. Either directly, or via BTC. Zero reason to be stuck in BTC.
That said, "rich people" don't store their wealth in
...
From the ETH website:
Can you guys stop it with all the ETH propaganda already?
From the ETH website:
Quote
Ethereum would never be possible without bitcoin—both the technology and the currency—and we see ourselves not as a competing currency but as complementary within the digital ecosystem. Ether is to be treated as "crypto-fuel", a token whose purpose is to pay for computation, and is not intended to be used as or considered a currency, asset, share or anything else.
Can you guys stop it with all the ETH propaganda already?
Of course ETH would never be possible without Bitcoin, just like a Ferrari would not be possible without Grog inventing the wheel. Thanks, Gorg.
I think that after chinese pushed the market last week, it's not the turn of western exchange, probably for the "same" reason (not a devaluation though, but weaknesse of the $)
Let me see if I get this: Chinese purportedly bought BTC due to yuan getting devalued rel. USD ($ too damn strong!)now the westerners are gonna buy BTC because $ too damn weak?
You must'a been to some expensive universities....
Lazy to make you a chart, USD short term downtrend against some of its friends:
https://www.dailyfx.com/forex/technical/home/analysis/aud-usd/2016/05/31/dailyclassics_aud-usd.html
https://www.dailyfx.com/forex/technical/home/analysis/eur-usd/2016/05/30/dailyclassics_eur-usd.html
https://www.dailyfx.com/forex/technical/home/analysis/nzd-usd/2016/05/30/dailyclassics_nzd-usd.html
From the ETH website:
Quote
Ethereum would never be possible without bitcoin—both the technology and the currency—and we see ourselves not as a competing currency but as complementary within the digital ecosystem. Ether is to be treated as "crypto-fuel", a token whose purpose is to pay for computation, and is not intended to be used as or considered a currency, asset, share or anything else.
Can you guys stop it with all the ETH propaganda already?
I think that after chinese pushed the market last week, it's not the turn of western exchange, probably for the "same" reason (not a devaluation though, but weaknesse of the $)
Let me see if I get this: Chinese purportedly bought BTC due to yuan getting devalued rel. USD ($ too damn strong!)now the westerners are gonna buy BTC because $ too damn weak?
You must'a been to some expensive universities....
CNY is being devalued on purpose, the Chinese government wants the yuan to be weak because it makes exports more attractive (china relies heavily on exports to make money). Good sold in CNY to countries who use stronger currencies will be cheaper, and therefore more people will import Chinese products, instead of products from for example eastern Europe.
Of course, rich Chinese aren't happy with a weakening CNY because their money will evaporate. They want to spend more (especially if they want to import luxurious goods, which will become more expensive as yuan devalues).
The dollar can still be weak compared to other currencies though, such as euro and swiss frank.
If you're going to ridicule someone for being stupid, at least make sure you know what you're talking about.
Most recent Huobi trade is starting to piss me off.
Am going to exit it on the target of this small long scalp trade:
Am going to exit it on the target of this small long scalp trade:
Mat reminds me of tarmi and some other dude w/o the charts and TA, just begging to get rekt. I hope leverage isn't part of his game. Halving is coming (duh) so please consider all the possibilities in a bullish mindset.
I didn't say there were lots, just more than 0 unlike a lot of the time recently.
I am actually right more than I am wrong.
Mat, your trading strategy is fucking awful.
The last hard floor was $520. The floor then rose even higher to $535ish and shows not even a hint of weakness. Finex, Bitstamp, and Coinbase are all within a dollar or two of each other, and China is only $7 higher than the US. The wall support on all of those exchanges is even better than when the price was $420. The fact that you're drawing charts make believing the price can go anywhere near $460 makes you a bottom of the barrel trader.
Since the floor is rising and the market is currently oversold + has some shorts to squeeze, it's going up. Even in a worst case scenario it could only fall back to $520 currently. Looking at these ridiculous Mat charts scrolling down to $460 is like a Sunday morning cartoon...
You're like a rape victim from too many bad shorts that's now too scared to trade.
Shorts are very low on Finex.
As for other exchanges, I don't know where to find the data.
I am not saying that BTC is going back down to $460, I am saying that it is a possibility. A possibility that I am mindful of being on the wrong side off. All that has to happen is a few big players to start dumping, and everyone else will soon fall into line.
I am actually right more than I am wrong.
Mat, your trading strategy is awful.
The last hard floor was $520. The floor then rose even higher to $535ish and shows not even a hint of weakness. Finex, Bitstamp, and Coinbase are all within a dollar or two of each other, and China is only $7 higher than the US. The wall support on all of those exchanges is even better than when the price was $420. The fact that you're drawing charts make believing the price can go anywhere near $460 makes you a bottom of the barrel trader.
Since the floor is rising and the market is currently oversold + has some shorts to squeeze, it's going up. Even in a worst case scenario it could only fall back to $520 currently. Looking at these ridiculous Mat charts scrolling down to $460 is like a Sunday morning cartoon...
You're like a rape victim from too many bad shorts that's now too scared to trade.
Just do the opposite of what you normally do, if you're consistently losing money. I'm not kidding. That was my first step to start making money trading.
Terrible strategy.
I am actually right more than I am wrong. I just have a habit of pissing all over my feet all the time.
Looks like the long trade is going to be put on hold for a bit:
and with that said:
and with that said:
Just do the opposite of what you normally do, if you're consistently losing money. I'm not kidding. That was my first step to start making money trading.
Yep, me to!
Scratched:
(now I have bailed from the trade, it will go shooting up to it's target now).
Scratched:
(now I have bailed from the trade, it will go shooting up to it's target now).
Thank god. I was worried about being on the same side of a trade as Mat. Now I see where those couple of nickels sell came from on the tape. I want Mat ONLY on the other side of the trade.
Well, as it happens, I never exited trade at all.....looking a lot more solid now for a little bit of upside:
If Bitcoin however starts dicking around and failing around that AB=CD trade entry point (0.25 level), then I will get the fuck out. I seem to have a thing where I want to take short trades when the MAs are pointing up, and start taking bullish trades when they are pointing down. I am a stupid fkn dick.
Yep, me to!
Scratched:
(now I have bailed from the trade, it will go shooting up to it's target now).
Scratched:
(now I have bailed from the trade, it will go shooting up to it's target now).
Thank god. I was worried about being on the same side of a trade as Mat. Now I see where those couple of nickels sell came from on the tape. I want Mat ONLY on the other side of the trade.
suddenly I feel bearish 
Yep, me to!
Scratched:
(now I have bailed from the trade, it will go shooting up to it's target now).
If you are a short term trader, you must place a long bet now because it's simply when BTC price bounces, it will go up to 3650 yuan easily.
In case BTC price goes down, you must set stop loss around 3490yuan.
so downside is you lose 50yuan, upside is probably can go up 3650 easily so 90yuan.
almost 2 times more payout, yet up and down side is 50%
there is massive resistance on 3500. so it will not likely go below 3500yuan
Lol. plz keep making up excuses for your obsolete crypto 
Lol Ethereum pumper down to only 2000 BTC left to support from his initial 5000 BTC and Ethereum collapses to 0.016 btc or worse after he runs out. Eth pumper is underwater as fuck and taking on huge bags of Eth just trying to prevent it from crashing. No wonder you're spamming the entire forum begging people to buy it. Nobody is buying that garbage, you're fucked.
Keep dreaming, bitr0ach. Superior ETH has made Etherians TEN TIMES
richer in 2016 alone. Your obsolete beetcoins can't even double
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