Topic: Lose all your capital fast, with MatTheCat and his TA 101A! - page 49. (Read 85774 times)

Fuck... the Chinese start pumping again despite the bearish divergences... made me close my short...

fair point, but maybe they thought announcing getting licensed would hold off any fears? I mean they must be making huge profits, I can't imagine 5 mil would take them down completely.

i like stamp, i dont want to stop keeping my few coins there :/ hmmm, no exchange is ever really safe is it?

I think it's very odd that I can find no proof of solvency for Bitstamp after they had $5 million stolen from them when they had already done a proof of solvency beforehand.  Why would they NOT do one after if they want people to have any faith in their exchange???

I didn't set a stop loss, for a small short at such overbought indicators, there is no need to.
If I would have been awake at 7 am I would have been tempted to take profit, but in principle I prefer to build a position.
If the floor will be around 500$ on BFX, then this was a local 3 and the local 5 is yet to come.
If the floor will be around 470$ or lower, then it's possible this already was the local 5 and I'll get new shorting opportunities.

do you really think this would happen so soon after they got licensed? what you're saying seems purely based on the strange behaviour of the market on stamp, but the timing seems off, based on stamp's now assumed legitimacy in the eyes of the EU...surely there are other possibilities to explain the lower price, like lack of leveraging like on bitfinex

Stamp has these wicks n tails increasingly, as it's liquidity decreases...

......that $485 would have been some dick with insider privileges running stops.


I imagine on Finex, that somewhere around $500 will prove the new bottom, with Huobi shooting somewhat lower in relative terms....just cos they always do overdo it.

Nobody gives a fuck about Bitstamp due to their obvious attempts to try and manipulate downwards to paint the tape.  They're likely an insolvent exchange and people will just stop using them.  Once Bitstamp spread gets large enough, people will deposit money there to buy Bitcoin and immediately withdraw it to a different exchange.  Then Bitstamp will cease to exist after withdraw amounts exceed amount of coins they own while it also causes BTC to go to infinity in the process.

Price touched $485 on Stamp, I'm still thinking the new bottom is $465.

Nah, that was just one example of the continuous attempts at downward manipulation on Bitstamp.  Even that single example alone, who throws away $2500 on purpose by selling coins $35 under market rate when they could just send the coins to Finex and sell?

And here's another example of them doing it before that.  There is some clear bullshit going on.  



It's think it's either:  

1)  Ethereum scammers trying to suppress Bitcoin so their scamcoin doesn't implode
or
2)  Bitstamp exchange itself doing it possibly because they never bought back the $5 million in coins that they lost from their exchange when Bitcoin was priced at $230 and they don't want it to rise to have to pay customers back exponentially more money.

No, you're not! There is nothing wrong with scalping a move in either direction if you know the risks and can accept them. If people can't speculate, then why are you here? What coins would you have bought, and how would price ever rise? Get over yourselves! People be tradin', yall hatin'. It's not your choice and none of your concern. People gonna people.

You clearly have your app set for mBTC so that is a whole 48 btc dump? such dump, many suppress

I agree with Mat's last post, +1; you're not supposed to go short here.

Still trying to beat the house, Mat? ProTip: You can't.

I guess you will know, whether you know what you are doing or not, but as I have discovered, the odds of betting against the MAs are greatly reduced compared with taking trend following setups. If you took a short at $541 on Finex for example, where do you set your stop loss behind? There is no market structure to work with, and if enough short positions build up around topping areas, FU moves are always likely. Indeed, that is what the FU candle up to $453 on Finex no doubt was.....just the exchange shaking shorters out of their positions, and I suppose the smart trader could place his Short Entry, precisely where he expects the exchange to shake shorters out.....but what happens if the move up isn't an FU move at all, but a break out? We have had 3 very violent impulse moves up, that nobody was quite prepared for, who is to say 'they' won't engineer a fourth?

Having a bias towards a correction here is one thing, but trying to short it is quite another....believe me....I am the absolute King of Shorting against the trend. ...

....and besides...if u got short at $541, didn't you take any profits as Finex dipped down into teens? I suspect the floor for Bitcoin will be put in here around $500. It is 'the Halving Pump'. Everyone knows Bitcoin is going to get pumped by the Chinese miners. I suspect that Bitcoiners and traders will be much more resilient in the face of downside than they normally would, and the Chinese Bitcoin cowboys, and other whales will be hanging around key support levels, putting in support from which to build the next phases of the pump......this just isn't a shorter's market at the moment.

The piglets on BFX are smarter than the Chinese piglets, they didn't touch my limit shorts, shrug...
So I took a small short at 541$ and will increase my position on 15 min and 30 min PSAR bearish flips, at least that's my plan.
It is possible that this wasn't a local 3, but a local 5 (the 3 got suppressed by the big triangle, still 112$ from 360$ to 472$).
In such a case, the correction should be nice, and if 510$ support will be broken tomorrow, it should bottom around 470$.

But for how long could they avoid to move the price up over there?
I mean if the pressure for the upwards movement keeps on going, sometime they have to run out of coins to sell right?

Since Mat is the type of person who would run a fractional reserve BTC exchange, what do you think about this illogical market activity on Bitstamp, Mat?  Is it Ethereum scammers trying to suppress BTC price so their scamcoin doesn't collapse, or is it the Bitstamp exchange owners themselves doing it because they had $5 million in coins stolen a year ago and don't want price to go up?

And it will be without mercy and certain people won't be scene around these parts ever again. I've seen it before but not at what this magnitude will bring.

Ok, the hilarity index on this thread just leveraged up ... we can watch all the worst epic bears get rekt shorting the Smaug breakout of a lifetime.

Big red fucking candle coming soon.