Lose all your capital fast, with MatTheCat and his TA 101A!

[MatTheCat]

And in the absence of any overwhelming buying pressure, and with all the easy Short Positions liquidated (some 8K BTC of short covering contributed to pump to $472 on Finex), the only way for the Bitcoin crooks to take wealth out the market, is to run her back down into all the margin long covering levels. This theory I have of looking at both the USD and BTC swap levels, and basically doing the opposite is a recent one, but anyone can go and check for themselves what happened to BTC the last few times the Finex swaps were up over $30 Million (not good for bulls). This will be interesting to watch:

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[phoenix1]

Keep it up Mat. I'm enjoying watching your trades (there is certainly entertainment value sometimes lol) but your brutal honesty is refreshing. I hope you come out on top in the end whatever you do.
Seems we need to call in the exterminators tho ... the stench of parasites is strong here  

[marcus_of_augustus]

Seems we need to call in the exterminators tho ... the stench of parasites is strong here  

Indeed. Except mat is just another of the parasites competing for a free lunch ... he's like one of those squiggly little round worms that you sometimes in the stool of children, and he's complaining because the tapeworms are strangling him to death.

Now if he and the rest of the parasites actually tried to contribute to bitcoin instead of gratuitous blood-sucking that might graduate to symbiotic level status.

[phoenix1]

Seems we need to call in the exterminators tho ... the stench of parasites is strong here  

Indeed. Except mat is just another of the parasites competing for a free lunch ... he's like one of those squiggly little round worms that you sometimes in the stool of children, and he's complaining because the tapeworms are strangling him to death.

Now if he and the rest of the parasites actually tried to contribute to bitcoin instead of gratuitous blood-sucking that might graduate to symbiotic level status.

Sure, he's complaining about how the BTC ecosytem as it currently exists is at least parasitic as the fiat world in terms of stealing lunch money, and he's right. Both are how they are ... bad actors everywhere.
Ideology is not an excuse, whatever side of the fence you sit ... purge the rats on both sides

[chesthing]

Seems we need to call in the exterminators tho ... the stench of parasites is strong here  

Indeed. Except mat is just another of the parasites competing for a free lunch ... he's like one of those squiggly little round worms that you sometimes in the stool of children, and he's complaining because the tapeworms are strangling him to death.

Now if he and the rest of the parasites actually tried to contribute to bitcoin instead of gratuitous blood-sucking that might graduate to symbiotic level status.

You are just a crony holding free to you coins, nothing to see here.

[r0ach]

Seems we need to call in the exterminators tho ... the stench of parasites is strong here  

Indeed. Except mat is just another of the parasites competing for a free lunch ... he's like one of those squiggly little round worms that you sometimes in the stool of children, and he's complaining because the tapeworms are strangling him to death.

Now if he and the rest of the parasites actually tried to contribute to bitcoin instead of gratuitous blood-sucking that might graduate to symbiotic level status.

Sure, he's complaining about how the BTC ecosytem as it currently exists is at least parasitic as the fiat world in terms of stealing lunch money, and he's right. Both are how they are ... bad actorseverywhere.
Ideology is not an excuse, whatever side of the fence you sit ... purge the rats on both sides

Lol, I don't think you understand that Mat is one of the bad actors:

https://bitcointalk.org/index.php?topic=1455386.0

[phoenix1]

Seems we need to call in the exterminators tho ... the stench of parasites is strong here  

Indeed. Except mat is just another of the parasites competing for a free lunch ... he's like one of those squiggly little round worms that you sometimes in the stool of children, and he's complaining because the tapeworms are strangling him to death.

Now if he and the rest of the parasites actually tried to contribute to bitcoin instead of gratuitous blood-sucking that might graduate to symbiotic level status.

Sure, he's complaining about how the BTC ecosytem as it currently exists is at least parasitic as the fiat world in terms of stealing lunch money, and he's right. Both are how they are ... bad actors everywhere.
Ideology is not an excuse, whatever side of the fence you sit ... purge the rats on both sides

Lol, I don't think you understand that Mat is one of the bad actors:

https://bitcointalk.org/index.php?topic=1455386.0

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

[r0ach]

Right, and you are the good guy 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

Mat can you stop posting with your multiple accounts:

I have multiple accounts, in different names

[phoenix1]

Right, and you are the good guy 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

Mat can you stop posting with your multiple accounts:

I have multiple accounts, in different names

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

[MatTheCat]

really roach you ought to take some different  drugs, ones that OPEN your mind, not CLOSE it more.

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.

[r0ach]

The splashes of the whales have frozen me in my tracks

[MatTheCat]

The splashes of the whales have frozen me in my tracks

[r0ach]

https://bitcointalk.org/index.php?topic=1455386.msg14720442#msg14720442

[thejaytiesto]

Dude look at the fundamentals:

1) Segregated witness pull request meets the expected delivery time: very positive
2) New version of Bitcoin to be released with a lot of new features due the segregated witness pull request: very positive
3) SegWit has already mined blocks bigger than 3MB and is proving Bitcoin will scale: very positive
4) The powergrab attempts by Classiccoin are dying and Core roadmap is gaining more and more support: very positive
5) Sidechains and Lightning Network sooner than expected, several companies working on it (no more Blockstream FUD), Rootstock soon will make ETH irrelevant: very positive
6) The halvening: there's always hype that the price will explode

So 1 to 5 points will collide with the mega hype of 6 and together will cause a price explosion in the near future (1 to 3 months). Time to look at this and not get too lost with technical analysis to be honest.

I don't care so much about Fundamentals, most of the time, they are just faeries stories for permabulls and permabears to wet their pants about and when we do get a 'hefty' fundamental, such as the Mike Hearn announcement, they are just fodder for the whales to drive the tiddlers into their feeding nets.

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?

[RyNinDaCleM]

Dude look at the fundamentals:

1) Segregated witness pull request meets the expected delivery time: very positive
2) New version of Bitcoin to be released with a lot of new features due the segregated witness pull request: very positive
3) SegWit has already mined blocks bigger than 3MB and is proving Bitcoin will scale: very positive
4) The powergrab attempts by Classiccoin are dying and Core roadmap is gaining more and more support: very positive
5) Sidechains and Lightning Network sooner than expected, several companies working on it (no more Blockstream FUD), Rootstock soon will make ETH irrelevant: very positive
6) The halvening: there's always hype that the price will explode

So 1 to 5 points will collide with the mega hype of 6 and together will cause a price explosion in the near future (1 to 3 months). Time to look at this and not get too lost with technical analysis to be honest.

I don't care so much about Fundamentals, most of the time, they are just faeries stories for permabulls and permabears to wet their pants about and when we do get a 'hefty' fundamental, such as the Mike Hearn announcement, they are just fodder for the whales to drive the tiddlers into their feeding nets.

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?

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.

[MatTheCat]

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:

[MatTheCat]

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!)

[STT]

Thanks for the analysis. So the "prediction" model is based on the "numbers" that happened in the past, and assuming based on the previous tread.

Are you going to improve the model using more factors such as reward halving, development in blockchain discussion, and the rise of ethereum, and so on...?

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

[MatTheCat]

Thanks for the analysis. So the "prediction" model is based on the "numbers" that happened in the past, and assuming based on the previous tread.

Are you going to improve the model using more factors such as reward halving, development in blockchain discussion, and the rise of ethereum, and so on...?

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

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.

[r0ach]

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

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.