MatTheCat (OP)
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January 22, 2016, 05:49:18 PM |
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In this thread, I intend to pull up threads of those who have jumped down my throat, dissing my views, only for my views later to prove themselves vindicated. I am doubting myself for being bearish but at the same time this pump does not make too much sense. I feel like this should dump back down. What am I missing here?
It makes sense if you stop thinking about Bitcoin as an organic market, and start thinking about it as a Cash Cow controlled by Chinese Bitcoin Cowboys. Crash down to Long RLZ, and then right back up to Short RLZ within a few days? It's bullshit. It is a rigged casino designed to deprive the majority of thier funds. Perma bulls get the thrill of seeing their USD wealth inflate when 'they' pump but get that sinking feeling in their gut when they see their USD wealth evaporate when BTC crashes, and bears vice versa. An organic market is 'the herd'. And it is possible to develop an acumen in the reading of charts and the use of statistical based tools, to forecast future herd movements. Bitcoin is not so much the herd, as the herd being rounded up by the Bitcoin Cowboys. 'They' have this market on the end of a piece of string like a fucking Yo Yo. U will know how to read market signals. Look back at the consolidation formation prior to break out. It was saying bear all the fkn way. It was as though the formation was intentionaly designed to trick as many people as possible, and for those who had the audacity to still see it as Long (I was one of them), we even got a move down to take out lowest low, and wipe out all the long Stop Orders. 'They' did not want the public getting in on this at the bottom. 'They' wanted the public chasing the momentum. 'They' want the public to be buying Bitcoin right now! Buying 'their' Bitcoin, that they picked up $350-$380. Although, after that vicious engulfing Doji candle that hit right into 61.8% Short RLZ, only the most fucking stupid of investors are going to enter Bitcoin here, enter they still will, and last I checked, PoC is sitting up at $435...a likely upside target when all is said and done, but will I be attempting to ride it up? NOOOO! Point is, everything about the crash, and everything about this 'miracle' rise, has fuck all to do with fundamentals, and everything to do with rigged market machinations. Rise was too fast, and it came from nowhere. Reminds me a bit of the March 2014 parabolic rise when Bitcoin surged from $580 - $710. Too much, too soon. Just not fucking sustainable, manufactured as fuck and we all know what happened next. As soon as the 'top' is confirmed, I will be hunting shorts on Bitcoin targetting $310 area, cos that is where this fucker is going. But if that V bottom was anything to go by, I guess I shouldn't expect a nice easy double top M market structure to trade....I suspect only the chosen and the highly risk tolerant will get to short with the choice trade entry points.
You are really full of it, if you are comparing the bitcoin market from March 2014 to the bitcoin market now.... in March 2014, bitcoin was coming off of a ATH peak... and currently, bitcoin is coming off of a prolonged down market, including more than half of 2015.... different positions and needs to be assessed differently.JayJuanGee. Now that Bitcoin has breached the level from which it broke out, on only a fraction of the USD volume, do you not feel yourself to be a right stupid cunt for doubting my bearish prognosis, and attacking me for it? A whole lot of BTC holders who bought on break out will be well underwater by now eh? Where do you think their breaking point is going to be? $350? $320? $300?
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MatTheCat (OP)
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January 22, 2016, 05:50:59 PM |
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And here is the next candidate for Stupid Cunt of the Week. Just $30 more downside to go. Didn't last very long.
it was not possible, people tend to forget the importance of the halving, the price will not decrease under 350, ever, unless some catastrophic event appear, like all farms implode or something new minimum this year will be 700 at least
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oda.krell
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January 22, 2016, 05:55:04 PM |
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On a complete tangent: For someone who seems to have a pretty decent grasp of market directionality, your actual trading seems to be kind of lackluster. (Unless those "look at how my last trade spectacularly failed" threads are some kind of diversion metagame). Did you ever consider changing the time scale of your trades, i.e. going from sub-daily/daily, to something closer like daily/weekly?
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Dilla
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January 22, 2016, 06:07:39 PM |
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You must be a wonderful person to be around in real life.
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gentlemand
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Welt Am Draht
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January 22, 2016, 06:12:19 PM |
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This is a great idea. Each and every one of us should all have our own forum where we can gloat in private. I'm willing to put up the bread to secure .cunt domains for every single username that has ever registered here. Once a week all threads will be directed to cuntvortex.com and we can revel in cuntiness even though no one else will have a clue about the cuntiness we're all cunting over.
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MatTheCat (OP)
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January 22, 2016, 06:13:29 PM Last edit: January 22, 2016, 06:51:02 PM by MatTheCat |
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On a complete tangent: For someone who seems to have a pretty decent grasp of market directionality, your actual trading seems to be kind of lackluster. (Unless those "look at how my last trade spectacularly failed" threads are some kind of diversion metagame). Did you ever consider changing the time scale of your trades, i.e. going from sub-daily/daily, to something closer like daily/weekly?
Yeah...I really seem to lack the Midas touch. Published this trade setup the other day: https://www.tradingview.com/chart/BTCUSD/TivbFXdk-Short-Trade-Location-Hits/But did I get short? Well, had I not experienced getting shaken out a Long from $366, on the FU move down to $352, and then once again just before the ramp from $380, I probably would have taken the short at around $415 and accepted the $15 worth of risk on my trade....but once bitten, twice shy. Esepcially when the bite marks are still fresh. So to cut to the chase, no, I am not even Short on that fkn tremendous short trade that I called, and was looking to enter. Instead, I have been looking to take longs on the 'bounce', and just got caught with my pants down big style on that last sell off, and mkt sold my position. Mkt crashed through my Limit Order before I had time to even set a stop. So. I am (extremely) bearish on BTC at the moment, yet I am losing money on trying to take counter trend long trades.....go figure. P.S. I want to trade. Daily/Weekly are no good for that and are no good for Bitcoin in general. Daily is bear. Weekly is bull. Choose your entry point anywhere between $500 and $280...lol.
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celebreze32
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January 22, 2016, 07:00:50 PM |
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Those posts that say we will never see sub $400 coins ever again don't help during a pump, but they will always appear during every pump. MatTheCat's right about the market being controlled by Bitcoin Cowboys. When thousands of Bitcoins are bought in minutes it's the Bitcoin Cowboys doing the buying, so forget TA. A new form of Bitcoin Cowboy TA might work though.
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Amph
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January 22, 2016, 07:24:16 PM |
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And here is the next candidate for Stupid Cunt of the Week. Just $30 more downside to go. Didn't last very long.
it was not possible, people tend to forget the importance of the halving, the price will not decrease under 350, ever, unless some catastrophic event appear, like all farms implode or something new minimum this year will be 700 at least sure, still 350 was not broken as expected, wake me when that will happen, right now there is another bear trap, and everyone who is think that 350 will be broken will fall for it
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nanobrain
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Dumb broad
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January 22, 2016, 07:38:53 PM |
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I remember 'back in the day' when MtC stated he was leaving this forum.
Now I discover, not only are you back but you have your own 'revenge porn' thread; you need to walk away from all this, its clearly having a negative impact on your emotional wellbeing.
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BlindMayorBitcorn
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January 22, 2016, 07:47:08 PM |
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So much class crammed into one forum. This thread is like one of those anniversary cakes made out of cheeseburgers. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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Forgive my petulance and oft-times, I fear, ill-founded criticisms, and forgive me that I have, by this time, made your eyes and head ache with my long letter. But I cannot forgo hastily the pleasure and pride of thus conversing with you.
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r0ach
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January 22, 2016, 07:55:40 PM |
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I remember 'back in the day' when MtC stated he was leaving this forum.
A trader is not allowed to leave a market without first being in the black. I'm long on MatTheCat posts and will open a MatTheCat posts default swap position with whoever wishes.
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