Topic: The MatTheCat reverse indicator thread (Read 3200 times)

The new reverse indicator:

yeah ... i hold all my coins i've ever mined...may as well print one up for me too ...hell you may have a thriving bumper sticker business concern a going!

boom or bust baby....boom or bust

yep...shit trade...and a complete reversal from the short tub I have been thumping the whole time...up until the 2nd time I got Stop triggered at the very top of the candle.......

....but trade was based upon bull div forming on 15 minute...but nothing came of it, it was invalidated...and I closed my position...except for a few BTC...which I decided to hold and simply not sell until they were in profit (as opposed to all the hopscotching around which is beginning to do my nut in...since I know in a few months time, this will be trading up around $650+ regardless of any pumps n dumps in between.....

...anyhow..as for reverse indicator....

I am still expecting BTC to crater....and since for various reasons I amn't actually in this trade I posted:

https://www.tradingview.com/chart/BTCUSD/TivbFXdk-Short-Trade-Location-Hits/

Crater, it most likely will.

Any update on the indicator please? 

New reverse indicator in:


This was a short position where he was disagreeable the price went up.  If he was still short, we would be clear for an extreme upside breakout, but his short was wiped out, so it's unclear what the market will do now.

heh...well good for you...at least you have the chops and an 'angle' ...myself I prefer (or whatever) the long game on holding BTC...by end of life of the 2 Titans (I convert ltc to btc)I should be around 110 btc of coin....end of miner life that is ....so even at today's prices of around 400 bucks I've doubled my money almost exactly (admittedly on paper) and that includes all equip and electric since oct 18th 2013 when I started....

so yeah...I'm speculating on future growth of this 'open protocol' and such for BTC etc at least most folk today I can get them to the point where they accept it as a risk and speculation....that is better then 2013 when my bank sic'd the SEC on me because 'obviously' i was a criminal mastermind (bank error to say they jumped to conclusions was an understatement) was fun thou.....got it cleared up promptly but felt like 'Al Capone' when I went into the bank that week (needless to say ..changed banks)

so anyway progress of a sort.....from everyone thinking btc is a 'ponzi' to them in 2015 just thinking I'm crazy (no real change there most folk think that anyway)

well good luck on your endeavors ..I like reading this thread for the other perspective on all this ...coward that I am...(we also serve who hold and wait)

later

Nope.

My trade was more a play on EUR rising against USD.

USD to BTC on Finex. BTC to EUR on Kraken. EURUSD currently at 1.08. Am expecting to see it at around 1.12 over coming week. So Fiat is better sitting in EUR than USD for now. True, I was traying to catch a bus back up the charts, but Bitcoin started looking heavy, so just converted right away. No Loss.

I entered trade without waiting on divergence on 15 minute chart. Not waiting on Div at least on 15 min charts is in the sin bin of all trade entries, but I done it anyway, with one eye on the EURUSD bounce. Too many moving parts.

That div (15 min BTC) has now occurred and my trade will probably now go on to work, but I cant be arsed with it all right now.

ditto 'the above quote' for your trading at a loss

we all are quite 'mad'  imho from the majority point of view no matter how we pursue crypto..in my case btc holding...in your case in/out trading....so it goes

Time will definitely tell ....

derp....scrapped.

could be true.....i too have drunk the btc and ltc 'kool aid' as usual I will be the last to know....lol

but win/lose/draw the last 3 years have been a hell of a lot of fun!

don't let me 'discourage' you...me .....i know my time/ego/angst/fud limitations on all this....and 'at this time' trading is not on it

on the other hand I have a new scam

'attic mining'

you go to attic (in my case 5k prob of junk) you sell on ebay...you then by btc.....if all goes 'tulips' you have 'clean attic' (in my case fix floor etc 2k) and house value

goes up 15k (also on 'paper' like btc) EGO SAVED....lol...but seriously.....I probably need to do this....(but ebay is sooooo boring) or if/when I kick the bucket that stuff

will all go to a 'landfill' anyway...it is not like my relatives would know how to sell all that apple2/kapro/exotic stuff on ebay anyway I was given/found/got for peanuts...

but as to 'home mining' that is the only version I promote now (or in your case 'trading') only game(s) in town for us 'regular folk'

au contraire!

When it is time to get the fuck out the market, everyone will doing the exact opposite. They will be piling in, hands over fist.

if it is time to get out of market...everyone will realize it at the same time imho ....won't matter ..we will all be 'screwed'

just my thoughts...if a 'slow bleed' I'd likely get most of my btc and/or ltc out (i hope)...but my expectation is 'if she goes tulips' the free fall will be such that it will blast past
my 210 floor anyway....so again...it works or it don't ..that's how i got into it ...that's probably how i will get out...on my feet or boots first

but admire your 'kutspa' ...me don't have the time to delve into this ...nor the 'angst' of learning such.... but if you 'succeed' it is more then likely we all will....so I wish you luck

Even if this indicator looks very serious, I am not sure I am ready to bet some money on a cat named mat

I have only very recently started to make real attempts to stop tarding bitcoin and start trading it. Majority who 'trade', actually 'tard', and that is just the way it is.

I am generally scraping profits (recently), but am still very rough around the edges with regards to trading plans, set-ups, entries and exits, but am sharpening up all the time. The one big advantage I can easily see coming from learning to trade and understand markets, is when the time comes to get the fuck out of a market. I will be far more likely to recognise it than if I was just happily holding with the philosophy that 'it will either work or it won't'.

This is why I simply mine an hold ...I may be an idiot (or it may be idiot proof) but don't need the drama...it either works or it don't work.

So far keeping score....BTC would have to dump to about 210 for me to be out equip and elec (mined since 2013 in 2013 knc jupiter 53 btc and now knc titan script miners...1 new 1 was used....at about 47 more btc equiv (if i moved ltc to btc today) for around 101 btc total or so?) and still mining on my (mostly) move it all from ltc to btc when the ratio is right

but anyway keeping score... BTC would have to dump to below 210 (if i lumped all the ltc into btc now) and LTC alone with what I have left ...with before halving most of it at about
1.80 or so I think

If I am right .....no issues...if I am wrong...well ..they have these nice 'beanie baby' support groups...I could join....mostly women ..hey I could get lucky...we'd have something in
common off the start

but trading makes me pucker up in all the wrong places..I'd always guess wrong (just saying)

but admire your efforts...and wish you the best of luck ...but..coward that I am watching from the sidelines

I look at it this way...I have invested in BTC equip the equiv of a Bass Boat ..if BTC and LTC and open crypto all goes to heck..well hell the Bass Boat sunk is how I'm gonna think of it

anyway how I keep score ...staying as far the fr*ck away from 'trading' as I can get ..I know my limitations

anyway best of luck ...braver man than I am....I have enough drama just playing 'hold the btc' game

Yes...

Stop Called on my FUCKING LONG!

TWICE!

Once way down below on the Fuck You Move down to $352. And again on the Fuck You Move prior to the break out (actually, I stopped myself out here at scratch, due to bearish market signals...but point is, market lied to me yet again). I fucking hate this manipulated fucking bullshit cunt of a market.

But just so you know. Next major target for Bitcoin is $315 imo. Another probably Fuck You Move up to $435 notwithstanding, just to shake the public out of its short positions (same as they done with the publics long positions down below) before 'they' send her crashing back down, taking all the little piggies oinking for $500-$1000 Bitcoin, back down to the slaughterhouse.

If I take the short, and it turns out I am wrong and I get stopped as Bitcoin heads up to breach a major resistance, then so fuck. If I take the short, get stopped out in my sleep, just before Bitcoin crashes...then man....if that happens again, I am gonna need to kill someone.

Guys guys guys.

Youre wasting your time with this. Seriously if you do this short term trading thing you can only lose.

Mathematically its obvious. Short term trading is about who has the most cheese. The more $$$$$ you have the more you can pump & dump and the more you make.  And the reverse.

Dont waste your time with this bull/bear. if you are a small guy you are gonna get crushed. No indicator can help you and it doesnt matter how long you spend watching bitcoinwisdom.com..... You are gonna get crushed by a whale.  So....... just buy and hold. We just had a massive correction over  the last few years and yet the price didnt go to zero. Thats how you know its a correction and still a bull. Otherwise it would have gone to zero already.

There's nothing else to know. Seriously.

Just buy and hold.  Dont give your money to the pump + dump professionals.  Don't play that game unless you know you are the whale. You can only lose.

You guys know the economic picture. You know people outside of these forums hate bitcoin. You know us believers are the enlightened few on the planet. You know the price is mega undervalued. Dont be a douche. Buy and hold. Dont play the short term game you cannot win.

PS. Roach you are a douche. At least MatTheCat gives his opinions. All u do is just insult people because you are losing money but you dont admit it. MatTheCat is a cool guy.

Awaiting new MatTheMarginCalled reverse indicator

But you tend to act like Bitcoin is "poisoned" by manipulators and that other markets aren't.  It's pretty much the same wherever you go.  You're always going to be in one of the following three categories:

1)  Market Maker - can move markets

2)  Momentum Trader - make money riding on the back of whale trends

3)  Gambler - buys when there is no obvious trend

That's probably the biggest scam element of the stock market, is that there's a permanently, artificially manufactured uptrend due to continus QE since the beginning of time.  One might be able to make the claim that it's a conspiracy to make a forced corporatocracy since the majority of the time you're going to be on the positive side of momentum trade due to inflation (#2 in the list above).  Therefore, you're forced to hand your money over to make big corporations even bigger and powerful.  

The other side effect is that due to this artificial, mostly permanent, positive market indicator, there's too many people making money on the stock market when they shouldn't be.  Anything that's a zero sum game, which any currency is, since one man's trillionaire is another man's slave plantation owner via having monopoly over everything, should be far more risky to try and profit in or it's not a rational market.

The final conclusion is, if you believe that only big business/companies create things of value, then it looks like not only did the Ayn Randians of Atlas Shrugged win, but that system is actually forced upon you.  Companies need customers, and since this system is designed to fleece all the customers of everything eventually, either every customer becomes a part of some corporation themselves via stock ownership and/or employment, or the system collapses.  All resulting from the prime mover of inflation.