Topic: You guys, are (still) all fucked (soon)! - page 4. (Read 5789 times)
The support at the neckline is making me dizzy
I dunno man, I think technical analysis of this sort is bullshit. Sure trends and supports and channels and shit is common sense and real but like "oh look its tracing out the mother marys left tit that means it'll drop 20% by the end of the week" is just cloud watching bs.
Yes, TA is essentially a psuedoscience, but what makes it sorta real is that it's a self-fulfilling pseudoscience.
Mother Mary's left tit itself doesn't cause the price to drop, but if everyone thinks that's what it means, then they will sell... and thus the price does indeed fall. See how it works? The lemmings are all predicting what the other lemmings are gonna do, so it's the ones that know how the other lemmings think that can break in the correct direction first and win.
So if you're a good trader, you don't use TA because you believe it, you use it because someone else does.
Anyway, about the main topic, yes that does look like a classic head and shoulders at the moment. Like all pseudoscience, TA doesn't always hold, but if it does in this case, the price probably will drop a little bit, likely in the low 300s. I don't even see why that's a bad thing.
So are we all FUCKED? No. OP resorted to attention-grabbing and fearmongering rather than using a reasonable, accurate title such as "I see a bearish head and shoulders pattern forming". I don't blame him; that sounds like a boring thread that not many people would've clicked on.
I dunno man, I think technical analysis of this sort is bullshit. Sure trends and supports and channels and shit is common sense and real but like "oh look its tracing out the mother marys left tit that means it'll drop 20% by the end of the week" is just cloud watching bs.
The whales are playing games squeezing people out and then buying back more and below that noise is a steady increase in value. If you think you can whale watch and predict when they're going to dump, then go ahead.
The whales are playing games squeezing people out and then buying back more and below that noise is a steady increase in value. If you think you can whale watch and predict when they're going to dump, then go ahead.
TA is kinda bullish, but it's also useful, yes "tracing out the mother marys left tit" is bearish as fuck. doesn't necessarily mean it will drop 20% or even 5%, it just means that more often then not marys left tit formation completes with a drop. if you simply ignore marys left tit, and Buy / Sell purely on your gut feelings your not going to do as well as the other guy that knows and trades these setups.
to effectively trade you need to know the TA everyone uses.
imagine this, we appear to be panting an inverse head and shoulders, and then at what you think the bottom of the right shoulder, supersize! bullish news comes out, now you have TA saying UP and the recent news is bullish too, you can buy with more confidence... and if you act fast enough you'll buy below the neckline.
legendary
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Core dev leaves me neg feedback #abuse #political
I dunno man, I think technical analysis of this sort is bullshit. Sure trends and supports and channels and shit is common sense and real but like "oh look its tracing out the mother marys left tit that means it'll drop 20% by the end of the week" is just cloud watching bs.
The whales are playing games squeezing people out and then buying back more and below that noise is a steady increase in value. If you think you can whale watch and predict when they're going to dump, then go ahead.
The whales are playing games squeezing people out and then buying back more and below that noise is a steady increase in value. If you think you can whale watch and predict when they're going to dump, then go ahead.
I agree. If you're a good technical trader, there's much better markets to trade. Bitcoin is too many big fish in a small pond and that kills your edge.
I don't trade BTC. I hodl.
I dunno man, I think technical analysis of this sort is bullshit. Sure trends and supports and channels and shit is common sense and real but like "oh look its tracing out the mother marys left tit that means it'll drop 20% by the end of the week" is just cloud watching bs.
The whales are playing games squeezing people out and then buying back more and below that noise is a steady increase in value. If you think you can whale watch and predict when they're going to dump, then go ahead.
The whales are playing games squeezing people out and then buying back more and below that noise is a steady increase in value. If you think you can whale watch and predict when they're going to dump, then go ahead.
I've been saying to get your money out of this thing for ages now. Development has pretty much stopped, with that any chance for success went down the drain. This is it, don't lose it all guys. This thing is coming down hard.
Holy fuck you have been here since 2010, you have been bearish for almost more then 5 years and still in these forums, I joined 3 months ago.
You need to see a therapist holy shit. Oh god I feel so sorry for you for what you have been through, *THIS THING IS GOING TO CRASH BACK TO 0$ SELL THOSE 1 DOLLAR BITCOINS ITS JUMPING TO 5$s TRUST ME BOISS.
Im sorry but we all have to play a role somewhere and fill in those spots that are not taken, people will lose and people will win.
What a tard, shorting on the way up to 500 XD
I've been saying to get your money out of this thing for ages now. Development has pretty much stopped, with that any chance for success went down the drain. This is it, don't lose it all guys. This thing is coming down hard.
^By far the biggest child on the forum constantly spamming any lie possible to try and make his short position work. Just going to post this picture any time this scumbag posts. He shorted all year and made a little bit of money then lost everything when it went to 500, now he's back doing the same thing spamming garbage with his bought account all over again.
So how you doing with those short losses?
I've been saying to get your money out of this thing for ages now. Development has pretty much stopped, with that any chance for success went down the drain. This is it, don't lose it all guys. This thing is coming down hard.
Its official we are FUCKED!
So can you actually explain what is going on here? Because I have read some contradictory responses in this thread. Some say it is time to buy, some say we are fucked.
So how it is exactly? Should I be worried or it is just a FUD news?
So how it is exactly? Should I be worried or it is just a FUD news?
At triangle convergence soon, you will either see a drop to $350-355, or another instant +$10-20 per coin.
So can you actually explain what is going on here? Because I have read some contradictory responses in this thread. Some say it is time to buy, some say we are fucked.
So how it is exactly? Should I be worried or it is just a FUD news?
So how it is exactly? Should I be worried or it is just a FUD news?
Low 300s.....
and this is why:
https://www.tradingview.com/x/FfBuNe72/
https://www.tradingview.com/x/mMHXgyHf/
Brace yourselves to take your short positions now!
https://www.tradingview.com/x/FfBuNe72/
https://www.tradingview.com/x/mMHXgyHf/
Brace yourselves to take your short positions now!
Yea im going on FIAT it's dumping on fiat right now
I just remembered the last time all you guys were fucked. Sell now before it goes to $420.
that not 2 head and sholders in a row
its headless shoulders, a bear got decapitated there, implying we will never ever ever see 320's again.
i think we're about to find out if MTC is right, i figure chances are 50/50 either way, but it FEELS like something big is about to unfold.
Up......without touching or even getting close to $385 high....then DOWN!
It will all happen when I am in my bed (as fucking usual), so I won't be in any short trade and I can't trade leverage at the moment anyhow cos of the fucking Euro going apeshit (I margin trade on Kraken).....do have buy-ins down in $330s though.
That'll do me for now.
i was thinking, more along the lines of, it would go down first and then recover pause at 380 knocking on resistance, then spike to 420+. I couldn't take waiting for 333 any longer, seems less and less likely to me as time goes on, so i bought back at a small loss.
I just remembered the last time all you guys were fucked. Sell now before it goes to $420.
i think we're about to find out if MTC is right, i figure chances are 50/50 either way, but it FEELS like something big is about to unfold.
Up......without touching or even getting close to $385 high....then DOWN!
It will all happen when I am in my bed (as fucking usual), so I won't be in any short trade and I can't trade leverage at the moment anyhow cos of the fucking Euro going apeshit (I margin trade on Kraken).....do have buy-ins down in $330s though.
That'll do me for now.
i think we're about to find out if MTC is right, i figure chances are 50/50 either way, but it FEELS like something big is about to unfold.
I wouldn't put too much stock in OP's pronouncement, just yet. MatTheCat is, admitted by himself, a bad day-trader. He can't trade even if his life depended on it. So, no worries. Nothing to see here, move along.
Yes. Very emotional and twitchy...but working hard on that.
No emotions or twitchiness on the go at the moment though.....
....just saying how I see it.....little move up.....then CRASSSSSSSSSHHHHHHHHHHHHHHH!
LOL
No disrepect meant with my last post. I have nothing but respect for MTC, he's an old chum from the bad ole days. At least to me.
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