The MatTheCat reverse indicator thread

[r0ach]

Fuck Bitcoin!

Yep...I am butthurt. I have sat in a fucking crappy short trade all week

Incoming $1600 $3200

[Searing]

Fuck Bitcoin!

Yep...I am butthurt. I have sat in a fucking crappy short trade all week

Incoming $1600 $3200

well as long as you have used the word "confirmed' I guess it is legit

(off to sell house/processions/and rent my self out to blue haired ladies at the local retirement home for $$$ to get more bitcoin)

(damn that blue hair dye is damn hard to get off the ...er..well you know)

[r0ach]

The MatTheCat reverse indicator is a tried and true system dating back to the Mayans and Aztecs.

[Searing]

The MatTheCat reverse indicator is a tried and true system dating back to the Mayans and Aztecs.

I myself use gremlin and tempo automobile turn signals on a random flickering wire and a battery ...but hell what ever works

(It also makes my tin foil hat look all spooky and shiny as I use such to delve into the future of bitcoin prices)

it is odd that it never goes down in my interpretation but the gods of ASIC have spoken thru the holy turn signals ...so who am I to say otherwise

[lottery248]

lmao i don't actually believe that this would be true within this 3 months, there are not a lot of major news predicting that the bitcoin price is gonna majorly rise. the earlier people who bought bitcoin would be rich already but the newcomers would be hard to trade with bitcoin without such a large capital compared from now.

[Searing]

lmao i don't actually believe that this would be true within this 3 months, there are not a lot of major news predicting that the bitcoin price is gonna majorly rise. the earlier people who bought bitcoin would be rich already but the newcomers would be hard to trade with bitcoin without such a large capital compared from now.

well this another using LTC as example I posted info on BTC historically following for kicks just for perspective

here is the link

https://bitcointalk.org/index.php?topic=1281920.msg13485424#msg13485424

Historically BTC price from 2009 till present in a haphazard way ...using July as the month of choice    (no idea why July is funny)

quote:

from this historical chart (link)

http://www.coindesk.com/price/

Yearly Historical Price *July* of BTC

July 19th 2010   $     0.07

July 18th 2011   $    13.71

July 16th 2012   $      8.72

July 15th 2013   $    88.40

July 14th 2014   $   621.56

July 13th 2015   $   280.60

Jan   8th 2014    $  456.00   (now)

Anyway this thread COULD be right...hell it was 7c in 2010 from the above

[lottery248]

lmao i don't actually believe that this would be true within this 3 months, there are not a lot of major news predicting that the bitcoin price is gonna majorly rise. the earlier people who bought bitcoin would be rich already but the newcomers would be hard to trade with bitcoin without such a large capital compared from now.

well this another using LTC as example I posted info on BTC historically following for kicks just for perspective

here is the link

https://bitcointalk.org/index.php?topic=1281920.msg13485424#msg13485424

Historically BTC price from 2009 till present in a haphazard way ...using July as the month of choice    (no idea why July is funny)

quote:

from this historical chart (link)

http://www.coindesk.com/price/

Yearly Historical Price *July* of BTC

July 19th 2010   $     0.07

July 18th 2011   $    13.71

July 16th 2012   $      8.72

July 15th 2013   $    88.40

July 14th 2014   $   621.56

July 13th 2015   $   280.60

Jan   8(12, )th 2014 2016   $  456.00   (now)

Anyway this thread COULD be right...hell it was 7c in 2010 from the above

i don't really think so, since the 2015 did a loss, i could at most expecting for $500 at this moment, $3200 is less possible than traveling in time.   

[Junko]

Almost as strong as the kwuckduck antipode indicator as well as the lesser known talks_cheap about-face indicator as well.

[r0ach]

Almost as strong as the kwuckduck antipode indicator as well as the lesser known talks_cheap about-face indicator as well.

"talks_cheap" probably is Kwuckduck

[spud21]

Fuck Bitcoin!

Yep...I am butthurt. I have sat in a fucking crappy short trade all week

How do you know MatTheCat was telling the truth? He might have lied so we would all buy like crazy and pump the price up just before it crashed. We could have been buying coins he sneakily put for sale at today's top prices. If his reverse indicator can move the market he might have started taking advantage of his power.

[ssmc2]

This thread is legit

[r0ach]

We need a new reverse indicator update, where is he?

[MatTheCat]

We need a new reverse indicator update, where is he?

I am here, watching Bitcoin come right back down to where I was stopped out on the break out and on a fraction of the volume...so erm...where are the bulls?

My Buy is on the 38.2% retracement. If it triggers, I shall ride Bitcoin back up to test the highs. I actually suspect that there is a good chance that 'they' will go hunting liquidity pools, above the recent high, and perhaps even above the high before that, but highly doubtful 'they' will take it up to $500.......am ancipating the final spike will come from short covering up above $475 (Finex prices).

So, that would be a nice little trade if I can get it.

What is more likely though, is that I don't get my buy-in triggered, that Bitcoin goes up to test the local high, and fails, and then it will be a case of look out down below.

We have a situation where matching up the USD volume with the new highs is screaming 'bear', but doing this same with CNY (FAKE) Volume is yelling 'bull'. Yep, the CNy volume is massively inflated/aritificial, but BTC is controlled by whales operating behind these exchanges, and I think therefore that the CNY charts are a good indicator of where 'they' intend to push Bitcoin to.

[r0ach]

highly doubtful 'they' will take it up to $500

Reverse indicator from the gods confirmed.

[MatTheCat]

highly doubtful 'they' will take it up to $500

Reverse indicator from the gods confirmed.

For posterity:

https://www.tradingview.com/x/8qUW7W8V/

The above, is pretty much what I am anticapting over the coming trading sessions for Bitcoin.....I guess my sentiment is near-term bullish, but not bullish enough to believe that break out on HTF is just round the corner. I am saying that I think Bitcoin is about to trick a lot of bulls, and wipe out a lot of bears in the process, before going back down to test the bottom of the range, which will likely hold higher up the chart than the last range bottom.

But when things invariably somewhat deviate from my projections, please do bear in mind that doing this kind of thing, is much harder than parroting out repetitive bulltard sentiment and posting totally unoriginal bulltard memes, and then hopping up and down full of vindication when the market happens to go up $20 (and staying silent when it goes down).

[r0ach]

You just said it's not going to $500 then just posted a chart that shows it either getting up near there again or passing it.  We need a less ambiguous reverse indicator.

[MatTheCat]

You just said it's not going to $500 then just posted a chart that shows it either getting up near there again or passing it.  We need a less ambiguous reverse indicator.

It's not going to $500.

But, I have now entered my long position at the 38.2% retrace, as shown on my chart. I am anticipating that the recent high be taken out, and the highs before that, but the $500 high will not be breached. Bulls will be tricked, and bears will be robbed. That is my position at the moment.

[inca]

I've said this to you before Mat, but perhaps if you just held some btc for a couple of years in cold storage and got on with your life you might do better than churning back and forth based on nothing more than whimsy

Bitcoin is an assymetric bet which if it pays off will reward you handsomely. This forum is littered with accounts of young traders who knew best but in the end lost money with an asset that rose 1000's of % over a few short years. Trading is a zero sum game and you are not in the club.

Zoom out.

[Searing]

I've said this to you before Mat, but perhaps if you just held some btc for a couple of years in cold storage and got on with your life you might do better than churning back and forth based on nothing more than whimsy

Bitcoin is an assymetric bet which if it pays off will reward you handsomely. This forum is littered with accounts of young traders who knew best but in the end lost money with an asset that rose 1000's of % over a few short years. Trading is a zero sum game and you are not in the club.

Zoom out.

my plan....mining...is my past...hoarding is my game

....knc jupiter 550gh and orig knc titan scrypt (ltc to btc) (a mistake never would roi) BUT got on panic of last march 2014 a 2nd used Titan (due to everyone thought a bunch of big ass scrypt miners were gonna show.never did) so did ROI and still mining titans....

but anyway would have been better off just buying coin and holding ...er maybe not ...2014 sucked...hmmm...have to ponder this

anyway NOW have 100 btc if converted all remaining ltc to btc (not yet ratio sucks) ..and probably will still mine next winter under winter elec rate

decline...even IF the difficulty doubles and this is IF this lousy 0.0008 ratio of LTC to BTC continues and IF as some folk say BTC hits 650 usd this year due

to halving etc ....string that together and it is still 400 usd after electric a month! (dare to dream) would be 5.20 LTC at 650 btc

so yeah ...just holding.....its the only game in town besides my next plan "attic mining' sell all useless crap in attic for BTC (prob have 5k of stuff...sooooo boring to do thou)

anyway if BTC goes poof I have clean attic ...rec room.....house value goes up 15k so ..hey....but home mining for me will die someday me thinks

also depends if ANY new big ass scrypt data halls or miners come out...but not looking too likely...at these prices ...but if the price did hit 5.20 for LTC

they'd come out of the woodwork pretty quick!

anyway moon or beanie baby ...these are the choices imho

[r0ach]

Hmm, Mat is long, those are basically the epitome of "weak hand" coins.  Now all we need is to print a bumper sticker that says, "If MatTheCat is long, what could go wrong?"