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

[r0ach]

So you're saying that I am you now? ...

I also use it to buy drugs on the darknet

[MatTheCat]

Look out bulls!

Did someone just say "Weekend Dumpfest!"?

[Ted E. Bare]

Did you lose everything already? Good.

Bitcoin is the opportunity of a lifetime. I'm all in.

[r0ach]

That chart is kinda useless when the $10 drop was from Craig Nakamoto, who is now out of the picture.  Ever heard of the phrase garbage in, garbage out?  Let's also forget the whole part about Bitcoin not being an aggregate market in the first place...

[MatTheCat]

Did you lose everything already? Good.

Bitcoin is the opportunity of a lifetime. I'm all in.

4 BTC wins on the bounce m8. But seems I only get 'fans' when I am wrong.

P.S. Kerrching!

[Wexlike]

Congrats! What sums are you trading, that you are capable of making this kind of profit of these relatively tiny market movements ?

[r0ach]

Congrats! What sums are you trading, that you are capable of making this kind of profit of these relatively tiny market movements ?

Here

Fucking rat cocksuckers. 6 fucking BTC trade with Stop Order

[MatTheCat]

Congrats! What sums are you trading, that you are capable of making this kind of profit of these relatively tiny market movements ?

Not huge amounts.

That trade was 16 BTC in total across two different exchanges.....

.....about $250 when all is said and done......but hey, better than a kick in the face.

certainly better than losing $250!

Edit: When I said 4 BTC wins, I meant 4 Bitcoin Trade wins. Not a 4 BTC profit.

[r0ach]

.....about $250

It seems you fancy yourself as some type of Bitcoin cowboy.  An orphan of a bankrupt culture that thinks he's John Wayne.

[MatTheCat]

.....about $250

It seems you fancy yourself as some type of Bitcoin cowboy.  An orphan of a bankrupt culture that thinks he's John Wayne.

No.

If I was a Bitcoin Cowboy, I would be the one moving the 2K Ask walls around. You know, the ones where you thought 'they' were trying to manipulate the price down, but I correctly identified that they were trying to manipulate the price up?

I wonder if that was the same Bitcoin Cowboy that took out a 3K BTC short position on Finex, on the Short Stop Farming Run up to $466?

These are the guys who run this market, and they run it for profit. Profit in USD that is.

[r0ach]

If I was a Bitcoin Cowboy, I would be the one moving the 2K Ask walls around. You know, the ones where you thought 'they' were trying to manipulate the price down, but I correctly identified that they were trying to manipulate the price up?

They weren't trying to "manipulate up", they filled up the entire sell side with spam to try and shake out longs.

[MatTheCat]

If I was a Bitcoin Cowboy, I would be the one moving the 2K Ask walls around. You know, the ones where you thought 'they' were trying to manipulate the price down, but I correctly identified that they were trying to manipulate the price up?

They weren't trying to "manipulate up", they filled up the entire sell side with spam to try and shake out longs.

And why are they wanting to shake out longs?

Perhaps cos they want these longs who were shaken out, to FOMO buy on the break out, and FOMO buy right into their selling walls up in the $460s (btw, someone on Finex opened a 2500 BTC short on run up to $466.......fany betting against whoever that was?)

But I suspect (or actually know very well), that there isn't a whole lot of point in trying to talk reason to you. You have your THC inspired and infused paradigms and I wish you all the best with them. Meanwhile, I shall keep nipping in the market, and then back out the market hopefully clutching a freshly acquired fistfull of dollars most of the time.

[r0ach]

Mat, you're like 1/3 in this thread.  What mythological reality are you living in.  You're talking about driving lambos over here and probably haven't even broken even since the thread was created.

[MatTheCat]

Mat, you're like 1/3 in this thread.  What mythological reality are you living in.  You're talking about driving lambos over here and probably haven't even broken even since the thread was created.

Wrong, I have made up for the first couple of car crash trades which I posted in this thread, and then some....I am pretty sure that if you try, you will find 4 successful trades posted in this thread, which kind of makes it 4-2 to me, and then there are trades that I haven't posted in this thread. I haven't actually lost a Bitcoin trade since the #2 trade in this thread........being the superstitious type, going by the way my form took a nosedive as soon as I started this thread, I am wondering whether I want to really be posting actual trades at all, and instead, simply post here what way I think Bitcoin is going to go.

All this thing is meant to be for me, is a convenient journal of Bitcoin thoughts over time at any rate...I have a private log of every trade that I make, I don't need to go jinxing myself by posting actual trades that I am taking here I don't think.

[r0ach]

You're playing the in and out game in a non-aggregate bull market.  You and I both know you're going to be out and then it's going to instantly go up $20 and force you back in at a loss.

[MatTheCat]

You're playing the in and out game in a non-aggregate bull market.  You and I both know you're going to be out and then it's going to instantly go up $20 and force you back in at a loss.

As long as I get a slice of action priced in USD, that is the only thing I could give a fuck about with regards to Bitcoin.

I know very well that whilst holders get the joy of witnessing their maxium profit taking capacity being hit, they also get the dismay of watching all those profits evaporate, and likely then some, since they will have invariably added to their position on any parabolic move up, fuelled by Kool Aid induced delusions of avarice.

Been there, done it all, learned my lesson on what approach I should have towards this piece of shit cornered and totally manipulated market.

[tmfp]

That was a good hold last week in the low 40's.
I added a little more, but will stop it out at break even if we get back there this week as that would be a lower short term high, not fitting the bull side for me, being so close to important resistance around 70. A bit weak handed, I don't mind buying breakouts, but not so much anticipating them.
If we do break out above 70 it will be interesting to see how far it runs on short covering. Might even get tempted to add a bit more on a 78/80 daily confirm for a run into the 500's, but that would be too logical. 

[MatTheCat]

That was a good hold last week in the low 40's.
I added a little more, but will stop it out at break even if we get back there this week as that would be a lower short term high, not fitting the bull side for me, being so close to important resistance around 70. A bit weak handed, I don't mind buying breakouts, but not so much anticipating them.
If we do break out above 70 it will be interesting to see how far it runs on short covering. Might even get tempted to add a bit more on a 78/80 daily confirm for a run into the 500's, but that would be too logical.  

If you are referring to that zerohedge article anticipating a massive short squeeze, what I would say to that is "where are the shorts"?

Currently around 13K BTC swaps on Finex. That may sound like a lot, but back in mid April, when Bitcoin was in $420s, there were about 18K BTC swaps on Finex. Those relatively weak shorts exiting their positions was the Short Squeeze, which propelled BTC up to $472 (Finex). Most of what are left, will be strong shorts likely from miners, that will not close their positions until liquidation points, as their positions won't be so much a trade, but a hedge to cover their overwhelmingly net long BTC positions.

I am not saying that because the majority of the weak shorts have already been taken out, that Bitcoin can't go shooting up, as if enough capital lands on the exchanges and starts buying Bitcoin, then this is exactly what it will do, but this Short Squeeze idea going around is fucking ridiculous and makes me have even less respect for zerohedge than I had already.

As they say, 'Buy the rumour, sell the news'.

Meanwhile, margin long positions in terms of USD swap rates are nearing ATH's, currently sitting around $31.5 Million.

If there are a bunch of weak margin positions just asking to be run out of town, then it seems to me that the margin longs are by far the easiest target here.

[marcus_of_augustus]

Hey Mat ... whacha up to?

https://www.youtube.com/watch?v=3PIIrfnfieQ

... feel like losing some more money tonight?

[MatTheCat]

Hey Mat ... whacha up to?

... feel like losing some more money tonight?

No thanks. I think I will stick to winning money. Your money, that is.