Topic: Lose all your capital fast, with MatTheCat and his TA 101A! - page 57. (Read 85774 times)

He also said the Australian tax office doesn't understand bitcoin, and it's in an ongoing dispute with him about unpaid tax. How many times have I read posts here by people saying they didn't want to sell, but were forced to because they needed the money to pay bills with? If he's legit (and it's a big if) I can picture him saying he had no intention of dumping, but needed the money to settle his dispute with.

https://www.tradingview.com/x/LAoO5QYo/


http://az611808.vo.msecnd.net/uploads/57292ba5bb547e24e080dbf8-bfxbtcswaps03052016.PNG

I would argue that the market wanted to get down to where it got to regardless of the Craig Wright news event. That news event just helped it get there a bit faster no doubt. Absolutely nothing out of the usual ended up happening with Bitcoin due this news event. If it really was a 'bear' event, then Bitcoin would have tanked. That is what I, and no doubt many others were fearful off, but the selling pressure just wasn't there. Just wait until the Aussie tax authorities hit him for a $50 million tax bill, and the only means by which he can pay it is by selling off his Bitcoins...then we will have a bear event.

....next stop, $460s imo:

Haha, oh please.  You have a black swan event that wasn't even on the charts occur for a $10 price drop, but like your own admission, it was just the market over-reacting because this changes nothing when we already knew some guy named Satoshi may or may not have control of a big stash of coins.  Nothing much has changed in that regard.  If he is Satoshi, he claimed in the video of having no intention of dumping any coins, so that's positive.

Ok...seems that Craig Wright being revealed as Bitcoin's 'apparent' creator wasn't such a bearish thing after all....

Probably jumping the gun with this trade as I reckon Bitcoin will lose a buck or two (or three) yet before breaking up.....but I am away to my bed, so I am in right here.

Ssshhh!

Sit down, shut the fuck up!






Buy-ins that I had at $440, got pulled just a few moments before target was hit, due to Craig Wright - Satoshi Nakamoto reveal. Which may or may not be another hoax, (for some reason, the whole thing still smells of untruth to me), which might send the Bitcoin price crashing, and then the moment news breaks that it was a hoax, might send Bitcoin racing right back in the opposite direction. Bitcoin at the moment is an out and out No Trade for me.

Mat's 3rd attempt to short the halving.  0 for 2 so far, let's toss some more money on the bonfire with a 3rd try.

One problem that I do have with the 'Halving Pump', is that EVERYONE is expecting it. This may explain why USD swaps on Finex for Margin Longs have gotten so high. They got up to $31 Million at the top of the pump and have only been brought down $1.2 Million or so. How likely are 'they' to pump Bitcoin for the benefit of a big pile traders in Margin Long positions (i.e. long Bitcoin, but not holding it, and in pressing need of profit taking once targets are hit). I suspect that this big heap of margin longs needs to be thinned out a bit (via the medium of downside) before 'they' will be willing to pump this bitch. I would also like to see the BTC swaps for Margin Shorts, pile back up at as spot puts in a likely bottom, from which the Halving Pump can commence.

Another problem I have with 'the halving pump', is that BTC miners must be withholding a shit ton of BTC, in anticipation of dumping it somewhere near the top of the pump, ar presumably much higher prices than we are now at. On the one hand, this is precisely why forces will conspire to pump BTC higher. Too much big capital invested in Bitcoin is counting upon it, on the otherhand, if 'they' for some reason aren't able to pump this bitch, then man oh man, them miners must be holding a shit ton of BTC that they will desperately need to offload by now.

Technical analysis doesnt work like that, just the figures are considered.  The reasoning being that all market participants are aware of the factors you mention, ergo these are reflected in the market action.   On the basis of halving we can presume people are aware and anticipating a rise due to lower supply, its a simple effect and in theory predictable result however its a moving target and TA is capturing the effect not the detail so much afaik

Short AB=CD trade is setting up nicely here (I aint taking it though, and you know what happens to the ones I don't take!):




(If the stop gets FU popped, then that will be the short setup that I will take!)

Couldn't justify a short right now, as BTC could still easily pop a few bucks higher, but here is the area I am looking at for next long:

Because TA shows weaknesses or strengths that, regardless of fundamentals, shows where the demand is (USD or BTC).
Even with very good fundamentals, if there is no new money or no desire to buy (or all have already bought so still no new money), the price will not rise... At least not a sustainable rise. The same old participants can only cause so much effect on the market. Miners will inevitably sell if the rise isn't to their expectations. So any holding back of selling new supply now (waiting for halving, etc..), will come back sooner or later. This is the largest variable when new money isn't coming in and new BTC is. In that scenario, the supply will outweigh the demand and price is suppressed. Fundamentals are only the stronger factor as long as there is enough money coming in to support it.

I don't really understand how TA can be applied without taking into account fundamentals. A while ago we didn't had segwit and all the rest of the cool stuff that proved Bitcoin can scale without any hassles, now we do and we don't have all that XT/Classic stuff trying to divide the community and so on.. there is a consensus to stick with Core's roadmap, in general everything is much more positive because we are on the right track. Some months ago things felt a bit directionless with Bitcoin, now its great. This, combined with the inherent halving hype, is a very bullish psychology in the back of everyone's mind. So how can you stick to TA only without considering those changes?

https://bitcointalksearch.org/topic/m.14720442

The splashes of the whales have frozen me in my tracks

Roach, you are a raging pothead!?

Why don't you just admit it? The weed addled thinking is obvious, in just about everything you post.

LMAO, back to the single track, multiple shill account line of thought .. really roach you ought to take some different  drugs, ones that OPEN your mind, not CLOSE it more.
So now I am Mat clone account ... OK .. right .. go back thru my post history and find a single shred of evidence to support your claim, bring it back and present it for all to see and judge. Until then scurry away looking like the montonic asshat that you are, and try to find a novel thought in that amoebic braincell of yours

Mat can you stop posting with your multiple accounts:

Right, and you are one of the good guys here yeh ?? Hmmm ... wierd - you don't come across that way EVER. One of the most pigheaded, prejudiced, arrogant asshats I have ever come across on the internet. Whatever it is you believe in you are probably the worst advert for it that it could ever have.

If your goal is to put people off Bitcoin you are doing an incredible job

EDIT : LOL ... you think adding big letters to your previous post makes it anything other than FUNNIER